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Speaker 1: Afro Tech World. Alfred Titus Glover is an engineer at

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Speaker 1: Blavity and he's on the engineering stage in afro Tech

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Speaker 1: Metaverse talking about infrastructure security. We're gonna be talking more

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Speaker 1: about crypto on this show and one of the first

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Speaker 1: things you better know about crypto is not just how

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Speaker 1: to get the bag, how you secure the bag. That'swords

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Speaker 1: are part of the authentication process. So when you think

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Speaker 1: about authenticating, I think about a user and a device, right,

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Speaker 1: So the user wants to authenticate UM with the device

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Speaker 1: to access a system. In order to do that, you

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Speaker 1: have to have a mechanism authentication protocols to do that.

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Speaker 1: So one way is using passwords. You can have a

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Speaker 1: user name password to get into a system very quickly,

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Speaker 1: very easy. But if that's your only line of defense,

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Speaker 1: that can be a problem. Passwords are typically poorly maintained.

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Speaker 1: I'm sure there's a number of people that have passwords

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Speaker 1: written on uh sticky notes, UM and slack messages and

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Speaker 1: notepads all over the place. So if someone if your

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Speaker 1: only method into a system is through a password UM

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Speaker 1: and that password has breached, people have very very quick

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Speaker 1: access to your systems. Another thing I'd like to mention

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Speaker 1: ABU passwords. Passwords should not be the only gateway perspecting

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Speaker 1: you UM from Uh we're giving you access to a system, right,

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Speaker 1: you want to have another line of defense and build

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Speaker 1: redundancy and layering into your UM security organization. So that's

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Speaker 1: where where multi factor authentication comes in. I'm sure a

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Speaker 1: lot of you have logged into your email accounts or

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Speaker 1: what have you and putting your password correctly. Right, that's

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Speaker 1: one authentication, and then there's a second factor of authentication

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Speaker 1: where you have to uh really prove who you are. Right.

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Speaker 1: The authentication is the process of proving to a system

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Speaker 1: that you should have access to the resources behind that wall.

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Speaker 1: I'm Will Lucas Mrs Black Tech, Dream Money. I'm gonna

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Speaker 1: entwer this you to some of the biggest names, some

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Speaker 1: of the brightest minds and brilliant ideas. If you're black

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Speaker 1: in building or simply using tech to secure your back,

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Speaker 1: this podcast is for you. Ross for Team of Golden

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Speaker 1: what Day is a sports broadcaster native in New York City.

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Speaker 1: She played college basketball at Stanford and played for the

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Speaker 1: Nigeria and MS national basketball team. She's also a heavy

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Speaker 1: n f T head, an investor and believer in the

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Speaker 1: future of digital collectibles. I'm speaking with her at afro

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Speaker 1: Tech World one alongside Morgan dubonn CEO and co founder

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Speaker 1: at blab Again. Ros is a sports head. So why

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Speaker 1: are we in the afro tech metaverse talking n f

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Speaker 1: T S. Yeah, so I think the you know, the

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Speaker 1: voice that I have here is as someone who UM

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Speaker 1: should sound really relatable UM and someone who was curious,

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Speaker 1: who has been fascinated, who has been active and eager

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Speaker 1: and learning and making friends in the space of crypto

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Speaker 1: and n f t S. I started in January, to

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Speaker 1: be honest, right at the beginning end top of UM

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Speaker 1: in in n f t S that could make you

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Speaker 1: an o G in some ways, I know, like because

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Speaker 1: the space moved so fast and I have picked up

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Speaker 1: quite a lot of knowledge. But I'm I'm learning UM

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Speaker 1: and my my profession I am a sports broadcaster for

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Speaker 1: ESPN UM I cover the NBA, W n B A.

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Speaker 1: But somehow I have found myself also with the laye

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Speaker 1: emerging in the intersection of sports and crypto and n

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Speaker 1: f t S, which is actually exploding because like an

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Speaker 1: artist who creates art, like athletes are creators, were all

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Speaker 1: creators and n f t s are are quite empowering.

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Speaker 1: So the long story short of why I started, and

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Speaker 1: I'll and then later if you want, well, I will,

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Speaker 1: you know, give you my thoughts on what an n

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Speaker 1: f T is and does. But I found my reason

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Speaker 1: of getting into this space was literally at the pandemic,

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Speaker 1: everything was exploding. People were exploding in stock, people were

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Speaker 1: you know, making money in crypto, and literally I had

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Speaker 1: enough people around me that I was aware of crypto,

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Speaker 1: but I was intimidated and I felt like ignorance was

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Speaker 1: blissed and it wasn't. And I was tired of it.

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Speaker 1: And I challenged myself to just try to learn about

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Speaker 1: a read a few articles, just be like aware and

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Speaker 1: and get my feet were it. And once I did,

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Speaker 1: I was able to be active and it was not hard.

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Speaker 1: It is not hard at all. And I've made big,

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Speaker 1: great communities and have even seen some games and value

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Speaker 1: here so so some games, no, you can't. So I

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Speaker 1: just want to say that because I know that for

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Speaker 1: a lot of a lot of everybody period us and

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Speaker 1: just everybody like we're we're worried that we're too late

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Speaker 1: or that you know, it's it's intimidating and my my

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Speaker 1: encouragement would be ignorance is not bliss, and at least

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Speaker 1: try to educate yourself and make decisions from there. It's

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Speaker 1: a fact. That's a fact. What would you say about

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Speaker 1: your involvement so far in n f T S. Yeah, So, Um,

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Speaker 1: we were talking a couple of months ago in l

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Speaker 1: A and she was telling me about her n f

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Speaker 1: T portfolio and I was asking a bunch of questions

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Speaker 1: and I was just like, I just did not have

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Speaker 1: the capacity at the top of this year. I really

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Speaker 1: even last year to like learn anything new. We are

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Speaker 1: already learning new things with COVID and you know, pivoting

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Speaker 1: the business, pivoting after a tech into this metaverse experience

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Speaker 1: that we had last year, and um, like maybe you

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Speaker 1: all who were watching this, I kind of was like

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Speaker 1: I don't get it, Like I don't understand why people

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Speaker 1: are paying all this money for like something that other

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Speaker 1: people also can get a copy of. Like I just

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Speaker 1: didn't fully understand. And then, um, this summer I'm started.

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Speaker 1: I got like some Samsung TVs frames in my house,

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Speaker 1: and um, and with the frames they look like art

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Speaker 1: but they're you know, your TV. So I have one

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Speaker 1: of my bedroom, have one you know, in the other

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Speaker 1: parts of the house. And then I started buying art

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Speaker 1: for it, and I was like, how do uh huh

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Speaker 1: I get it? Like one of the things that I

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Speaker 1: love about afro tech and technology in general is just that,

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Speaker 1: you know, there are the people who are ahead of

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Speaker 1: the curve, and pretty much anybody who's watching this right

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Speaker 1: now is ahead of the curve. Right And I'm a

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Speaker 1: Midwestern person, so I'm from St. Louis. So I remember

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Speaker 1: when like fashion would hit in New York in l

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Speaker 1: A and like we wouldn't get it to six months later,

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Speaker 1: or like a single would drop in New York or

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Speaker 1: the Bay and like we wouldn't get it to like

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Speaker 1: eight months later, you know. And so it's the same

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Speaker 1: way in tech, and so I felt like, um, it

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Speaker 1: was really important as a student of innovation, a student

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Speaker 1: of like digital everything, that we have this conversation here.

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Speaker 1: We made it from a relatable, approachable point of view.

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Speaker 1: So I was like, I will be the tribute. I

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Speaker 1: will be the person who asked asked questions about n

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Speaker 1: f T S and we should just make this conversation

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Speaker 1: public be cause I was going to pay her to

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Speaker 1: like teach me. I was like, girl, is actually this

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Speaker 1: is my actual, real life like friend, Morgan, like real friend,

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Speaker 1: I like to brag. You know, I'm proud of everything

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Speaker 1: that she's done. But also, you know, one of my

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Speaker 1: home girls that I can actually talk about business, you know,

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Speaker 1: and tact with, and that is something that I value

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Speaker 1: dearly because that's not always the case in female friend groups.

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Speaker 1: So this is a rare occasion. Morgan was like, wait,

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Speaker 1: can you tell me about something? Yeah, report this for everybody,

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Speaker 1: because I think the thing with Afrotech is we want

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Speaker 1: everything to be accessible. We want people to feel like, Okay,

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Speaker 1: this is a space where you can go and you

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Speaker 1: don't have to feel dumb or like your naive or like,

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Speaker 1: oh you missed the boat because you don't have a

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Speaker 1: piece of eather, you know, like from Morgan and we

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Speaker 1: you know we are we are the metaverse. I mean

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Speaker 1: you already had the metaverse last year. Is Afrotech you're

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Speaker 1: low key at the leader in the space right now

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Speaker 1: because you had avatars like this. Afro Tech is the

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Speaker 1: metal verse right now, we are in one. If you're

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Speaker 1: wondering what is a metaverse, like right here, right now,

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Speaker 1: you're here and you know you can't ignore this anymore,

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Speaker 1: as like huge companies are filing patents and like all

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Speaker 1: sorts of stuff because they're getting ready to unload into

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Speaker 1: the metaverse. Even Facebook, you know, try to take over

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Speaker 1: the entire name and said we're meta. So like it's

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Speaker 1: it's it's Hardcrosoft that they're launching soon too, what they've

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Speaker 1: been testing it, but it's about to get heavy with

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Speaker 1: Microsoft teams and not giving immit, shove to that with

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Speaker 1: your avatar in a conference now, So this is happening, Um,

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Speaker 1: so I would paying attention and just try to this.

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Speaker 1: This is the first step. Yeah, So let's define what

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Speaker 1: an n f T is. So again I'm gonna give

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Speaker 1: you my layman's and then Rose you can go ahead

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Speaker 1: and add some colors to this. So non fungible, you know,

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Speaker 1: it's itself just means that you know, it's unique. It

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Speaker 1: can't be just switched out for something else, you know.

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Speaker 1: So like a bitcoin, if I give you one, you

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Speaker 1: give me one that's fungible. So n f T it's

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Speaker 1: a one of one effectively. So if I've got you know,

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Speaker 1: a nineties seven Kevin Garnett, you know, trading cards, and

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Speaker 1: I trade you with another card, then I've got a

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Speaker 1: different card altogether. But in n f T again, it's

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Speaker 1: it's that one of one. So would you add anything

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Speaker 1: to that? Yeah, I think I'll just add a little

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Speaker 1: color of like why that's significant and how what what

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Speaker 1: makes it special? Like, so, yes, there's this, you know,

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Speaker 1: it's it's distinctively unique. There's only one UM, and this

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Speaker 1: is why I like, I'll say this. Certainly within n

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Speaker 1: f T s there's a lot of noise, a lot

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Speaker 1: of attention to big money projects, p FP avatar projects

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Speaker 1: that you're like, why is this picture selling for this

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Speaker 1: amount of money? I can't say that all of this

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Speaker 1: UM is going to be standing the test of time

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Speaker 1: in ten years from now and five years from now.

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Speaker 1: The technology is new and exploding, and so there's a

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Speaker 1: lot of noise in the midst of it too, But

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Speaker 1: it doesn't mean that the foundation of it isn't significant.

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Speaker 1: And I do when I wrap my head around it, fundamentally,

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Speaker 1: I do believe that that it's going to be disruptive

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Speaker 1: and transformational. So I'll add, like why UM On top

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Speaker 1: of it being one of one, it's also because it's

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Speaker 1: written on blockchain, right, there's this ledger. It's a really

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Speaker 1: easy way of seeing you know, transactional history of ownership

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Speaker 1: of and and many other details. There's blockchain don't lie

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Speaker 1: and people will get caught on that. So like um

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Speaker 1: it can tell any n f T. You can tell

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Speaker 1: who has owned it, how it was, how hands were traded,

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Speaker 1: what it was ever offered for, what was ever been

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Speaker 1: on it for, how it was sold, dates and time. Um.

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Speaker 1: So because of that, I could see the technology itself

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Speaker 1: being very useful for industries like you know real estate

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Speaker 1: or you know deeds and titles, and you know, there's

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Speaker 1: a number of industries that it can be disruptive for.

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Speaker 1: Certainly you look at the music industry. Let's go to

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Speaker 1: the idea of it being like for creators, whether it's

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Speaker 1: an artist or myself as a broadcaster, or a celebrity,

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Speaker 1: or an athlete or as we're starting to think of ourselves,

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Speaker 1: even you when you are creating anything, um it can

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Speaker 1: eliminate middlemen, you know, and it will take you directly

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Speaker 1: to your audience, to your consumer, to your fan base,

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Speaker 1: and allow you to create something that now you're creating

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Speaker 1: a more engaged fan and consumer because once they buy this,

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Speaker 1: they're now more invested. They have something that they own that.

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Speaker 1: As you rise, so does the value of their peace.

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Speaker 1: So now they're sitting here super engaged with you and

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Speaker 1: and invested in your rise. It also creates communities that

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Speaker 1: are strong because you're tighten it together. We all own

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Speaker 1: the same n f T. We're all part of this

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Speaker 1: n f T group, so we are now collaborative. We

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Speaker 1: are working hard to build it together. So now you've

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Speaker 1: got a more engaged community. You've got a better engagement

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Speaker 1: between consumer and producer, fan and and creator. And I

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Speaker 1: think that n f T s are also like special

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Speaker 1: I forgot what the other reason ones, but like I

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Speaker 1: feel like these are all really like important reasons for

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Speaker 1: n tis to be revolutionary. Um, and I'm excited about it.

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Speaker 1: Oh and I'll say this too for artists, and I'm

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Speaker 1: sure you might have heard this too, Like I think

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Speaker 1: for creators it's important because it protects you over the

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Speaker 1: span of your trajectory of your career. So like let's

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Speaker 1: say Bosky Out or any artists at the beginning of

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Speaker 1: their career was selling at a hundred bucks for a piece.

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Speaker 1: You know, that's it. You never see it again as

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Speaker 1: as it trades hands over the course of time. But

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Speaker 1: because there are royalties built into the blockchain, which can

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Speaker 1: never be Smart contracts hold forever, like you're constantly being

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Speaker 1: protected and rewarded over the course of time and and

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Speaker 1: and career. So I think there's a lot of things

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Speaker 1: here that are exciting about the technology itself. Yeah, and

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Speaker 1: I'd add to just like one of the things that

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Speaker 1: I've been thinking about, um other ways to use n

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Speaker 1: f T s because I think something that gets people,

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Speaker 1: like the everyday person caught up is oh my gosh,

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Speaker 1: people are spending a million of dollars for this like

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Speaker 1: digital piece of art, like why Right. The n f

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Speaker 1: T is a concept that's an application of the concept right,

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Speaker 1: And it's like it's not just about selling art or

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Speaker 1: selling a tweet, right, or selling There's so many different things.

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Speaker 1: So I'll give you another example. We were thinking about

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Speaker 1: for work Smart, which is my advising program. We're thinking

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Speaker 1: about making work Smart membership and only having a hundred

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Speaker 1: members in work Smart and you have to buy it

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Speaker 1: as as an n f T. Right, and work smart

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Speaker 1: smar entrepreneurs. So if you're a smart entrepreneur, you might

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Speaker 1: be like, I'm gonna buy this for five seven dollars.

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Speaker 1: But then as I get bigger as work smart gets bigger.

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Speaker 1: You can trade that up you can do to stay

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Speaker 1: in the membership, or you can trade and get out.

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Speaker 1: But now you're able to flip it and you make

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Speaker 1: twenty k because somebody is willing to pay twenty k

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Speaker 1: to get in this group of people. Right, So there's

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Speaker 1: so many different ways people are thinking about n f

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Speaker 1: t s for events. What does it look like for

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Speaker 1: afro tech ticket to actually be an n f T.

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Speaker 1: I think the it's valuable, Like an n f T

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Speaker 1: often will show its value and its real world utility

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Speaker 1: and its utility like what sometimes it can be about

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Speaker 1: status and what it's showing as a digital currency, if

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Speaker 1: you will, Like the idea of the metaverse is like

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Speaker 1: this idea that our digital lives are going to be

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Speaker 1: far more important than they even are right now, and

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Speaker 1: like that suddenly you know, certainly there can be status

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Speaker 1: symbols like our rolex or like a range rover or

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Speaker 1: something you know, your avatar or what you own in

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Speaker 1: your digital in your crypto wallet is going to be

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Speaker 1: a form of a flex, a digital flex. But I

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Speaker 1: also think utility is important. What does it gain you

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Speaker 1: access to how does it enhance an experience, How does

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Speaker 1: it build a community? What do you feel more part

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Speaker 1: of um? So utility is really important when we talk

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Speaker 1: about n f T s. Yeah, and so as with cryptocurrency.

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Speaker 1: You know, I can I own my ethereum on any

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Speaker 1: platform that I'm on, and I want you to help

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Speaker 1: me understand, you know, like particularly with like be a

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Speaker 1: top shot. So if if I've got an ethereum coin,

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Speaker 1: it's in my wallet, I can put it on any

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Speaker 1: platform I want to because it's mine. It belongs to me,

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Speaker 1: if I understand it, Like on NBA top Shot, I

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Speaker 1: own it only on that platform. It's like a license

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Speaker 1: on that platform because I can't use the image however

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Speaker 1: I want to use it. I don't have rights to

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Speaker 1: it off of that platform. Help me understand first if

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Speaker 1: I fully comprehend that, and then you know where where

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Speaker 1: is the long term value if it's not portable, you know,

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Speaker 1: and I don't have the right to use it outside

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Speaker 1: of that you know that platform. So first and foremost,

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Speaker 1: let me say like NBA top Shot, w NBA top Shot,

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Speaker 1: which just launched this summer to shout out to the

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Speaker 1: ladies UM and that you know, this is all created

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Speaker 1: by Dapper Labs on Flow blockchain. So the name of

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Speaker 1: the block chain they're using is flow. Um is one

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Speaker 1: of like my something. I'm really excited about it actually,

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Speaker 1: and I want to make sure to point this out. Um.

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Speaker 1: My first n f T was through NBA tip Shot

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Speaker 1: and I actually was in uh n f T n

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Speaker 1: y c Um first week of November, and this was, um,

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Speaker 1: you know, one of the bigger kind of conferences. I

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Speaker 1: was like, I'm gonna pull up. I'm really and I

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Speaker 1: was laughing at myself. I was like, Damn Rose, you

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Speaker 1: really became a whole n f T like nerd out here.

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Speaker 1: You're going to n f T conventions in New York

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Speaker 1: City and stuff and crypto confessions. And I really did,

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Speaker 1: and I wanted to be meet the people that I've

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Speaker 1: been you know, on discord with or on Twitter with

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Speaker 1: as we say, I r L in real life, and so, um,

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Speaker 1: you know, I went and I actually for me for

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Speaker 1: many people, um, within especially within the sports world, top Shot,

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Speaker 1: one of their greatest legacies is gonna be that it

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Speaker 1: was their entry point into n f T s it.

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Speaker 1: The boom of top Shot absolutely was one of the

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Speaker 1: catalysts we can point to to the overall like public

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Speaker 1: eyes on this space and actually I work often with them, um,

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Speaker 1: just because it combines my passion. I love basketball and

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Speaker 1: I've been finding I've been really fascinated by n f

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Speaker 1: T S and crypto lately and so and I cover

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Speaker 1: the intersection. That being said, I hosted a great event

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Speaker 1: packed out for NBA top Shot out at n f

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Speaker 1: T n y C Quevo performed. It was lit um.

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Speaker 1: But that being said, like I don't actually I'm not

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Speaker 1: that technical. I have heard the critique that technically it's

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Speaker 1: not as decentralized as we'd like to see our decentralized

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Speaker 1: crypto and n f T world. However, so I I

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Speaker 1: personally cannot speak on what they're doing around that, but

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Speaker 1: I will say this top Shot, I'm bullish on it.

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Speaker 1: And here's why. Like through an n f T through

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Speaker 1: the top shot moment that the digital play that you own,

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Speaker 1: you don't own the rights to the play or the

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Speaker 1: merchandizing or the video image itself, but it's still part

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Speaker 1: of a huge community um where it absolutely is using

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Speaker 1: this concept of you collect something that means something to you,

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Speaker 1: it's the future of your fandom. Like how often do

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Speaker 1: we watch a game either or go to a game.

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Speaker 1: We see great plays, and that's the last we really

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Speaker 1: get to interact with it. We might talk about it

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Speaker 1: at the dinner table, but it lives and dies there.

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Speaker 1: And now there's something we can take from this collect showcase,

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Speaker 1: build communities around stunt with, get excited about, continue to

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Speaker 1: increase your fandom around like I think and and because

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Speaker 1: it's an n f T, the serial numbers of that

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Speaker 1: play and moment like we'll be we'll we'll define that

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Speaker 1: it is absolutely yours. And by having good, good information,

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Speaker 1: you can invest early on players, say a rookie or

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Speaker 1: someone who's on their way up. And if you were

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Speaker 1: smart and made a right decision, sure you can build

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Speaker 1: a collection that's quite valuable too. So there's a lot

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Speaker 1: concept like conceptually that's very exciting about what Top Shot

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Speaker 1: has done and is doing, um you know on flow blockchain.

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Speaker 1: My brain is bring out. I'm just like and I

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Speaker 1: wouldn't have done to like own a piece of Beyonce's

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Speaker 1: Coach Challenge. What like you think about the moment, We're

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Speaker 1: like wow, like that was iconic and you're in it

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Speaker 1: and you're like this is iconic, right, But you're an

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Speaker 1: early adopter. You're one of a fraction of the people

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Speaker 1: in the entire universe who are in the moment, in

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Speaker 1: real time, who have that unique perspective to say this

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Speaker 1: was this was a hit, this was the moment, and

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Speaker 1: now the universe in the world and technology is giving

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Speaker 1: you an opportunity to commercialize that. Right, it's a bid

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Speaker 1: on it and to take a bet on it. It's

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Speaker 1: just like the stock market, right. It's like I remember

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Speaker 1: when I was in high school and I was like,

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Speaker 1: Netflix is mailing DVDs. This is the moment, right, and

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Speaker 1: I put a bet on it, right, Like that was it.

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Speaker 1: Or driving around and I sat from the bay when

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Speaker 1: people were driving around in teslas. I would come home

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Speaker 1: and people were like, what's the Tesla. I'm like, Oh,

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Speaker 1: that's a unique insight. That's the moment. So I think

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Speaker 1: for anybody watching this again, like the point of this

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Speaker 1: conversation is to reduce the likelihood your brain is telling

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Speaker 1: yourself that you're not smart enough, you're not in the

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Speaker 1: know enough to participate in blockchain, bitcoin, n f t

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00:20:12,080 --> 00:20:16,040
Speaker 1: s and all the things crypto. You are already in

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Speaker 1: the moment, so you can just start today, Like, just

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Speaker 1: start now, and that's that. Definitely want to make sure

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Speaker 1: we talk about that, like how do you get started?

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Speaker 1: I don't own any n f T s um, because

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Speaker 1: that's why Robin's conversation. I was gonna wait till today

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Speaker 1: to be like, Okay, I'll buy my first n f

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Speaker 1: T today. Darien Simone um is selling one of her

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Speaker 1: tweets sounds like, oh maybe I've been on that today,

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Speaker 1: but just carry its what your advice is, and well

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Speaker 1: do you own? No? I was, I was. I was

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Speaker 1: actually waiting for this conversation too here to learn to

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Speaker 1: figure out so I don't, you know, get scammed number one.

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Speaker 1: But so I understood what to do because you you

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Speaker 1: you had a tweet of recently that talked about you know,

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Speaker 1: like these p FP like the profile picture n f

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Speaker 1: T s and it's it's not just about that, but

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Speaker 1: it's also about things that just means something to you

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Speaker 1: investing in that art. So can you talk about that

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Speaker 1: because that really piqued my interest because it's not just

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Speaker 1: about buying a hyber pump for tens of thousands or

401
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Speaker 1: millions of dollars in some cases, but it's about this

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Speaker 1: piece means something to you. So I want to buy

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Speaker 1: that even by a local artist who has no name

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Speaker 1: recognition nationally. Talk about you know that entry way. How

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Speaker 1: do you know how to ment something if you're a creator,

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Speaker 1: and then how do you get your first how do

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Speaker 1: you place your first bet? As investor? Yeah, I can

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Speaker 1: speak to my experience with that because I know right

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Speaker 1: now a lot of the headlines that can also be

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Speaker 1: like you know it it it. It's a lot of noise.

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Speaker 1: A lot of the headlines coming out of the n

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Speaker 1: f T space are these PfP you know, avatar projects

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Speaker 1: where you see you know, positive platypuses or uh, you know,

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Speaker 1: silly salamanders or you know, and you're seeing what the

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Speaker 1: prices they're going for. There's a lot of noise in

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Speaker 1: the space. They're mostly replicating the success of some projects

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00:22:05,040 --> 00:22:07,440
Speaker 1: that honestly will be quite successful, like the o G

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Speaker 1: p FP project in this space is a crypto punk um. Yeah,

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Speaker 1: and there are actually older and jay Z got one.

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Speaker 1: So this has become social currency. I mean, jay Z's

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Speaker 1: got it. You've seen Stephan Curry is a board ape.

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Speaker 1: I mean there's a number of celebrities that are board

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Speaker 1: apes and have crypto punks um. But you know, I

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Speaker 1: would say for this, crypto punks have historical significance. UM.

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00:22:29,240 --> 00:22:33,520
Speaker 1: They're they're not necessarily the first ever n f t UM,

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Speaker 1: but they're largely considered like historically the first like real

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Speaker 1: community UM project, and so I think that will always

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Speaker 1: held value. UM. In fact, when I first invested in one,

429
00:22:44,520 --> 00:22:46,760
Speaker 1: I said, if I really believe that n f t

430
00:22:46,880 --> 00:22:50,080
Speaker 1: s are important, then I believe that I have to

431
00:22:50,520 --> 00:22:52,240
Speaker 1: bet on a crypto punk, and I did that a

432
00:22:52,280 --> 00:22:57,320
Speaker 1: little bit earlier UM. And the board apes phenomenon was

433
00:22:57,400 --> 00:22:59,600
Speaker 1: something that came from the people, which is why we'll

434
00:22:59,640 --> 00:23:01,520
Speaker 1: see how it goes over the test of time. But

435
00:23:01,640 --> 00:23:04,879
Speaker 1: this is fully community backed and an intense community because

436
00:23:05,600 --> 00:23:08,040
Speaker 1: the crypto folk and people coming in and people that

437
00:23:08,080 --> 00:23:11,080
Speaker 1: existed there were getting quickly priced out of crypto punks,

438
00:23:11,560 --> 00:23:14,480
Speaker 1: and so the people themselves, like I remember it happening,

439
00:23:14,680 --> 00:23:17,240
Speaker 1: It was just a few months ago, and like the

440
00:23:17,400 --> 00:23:20,080
Speaker 1: apes dropped. There was a drop, and it was like

441
00:23:20,200 --> 00:23:23,000
Speaker 1: overnight and suddenly like it was like a few names

442
00:23:23,040 --> 00:23:25,000
Speaker 1: and all the big names, and everybody was rushing to

443
00:23:25,040 --> 00:23:27,560
Speaker 1: get one. And and then there were these clubhouse rooms

444
00:23:27,640 --> 00:23:30,399
Speaker 1: and discord rooms and people were literally on It was

445
00:23:30,480 --> 00:23:33,159
Speaker 1: like wild. It was wild foire. People were literally on

446
00:23:33,240 --> 00:23:37,120
Speaker 1: clubhouse like going like making crazy noises and the discord

447
00:23:37,240 --> 00:23:39,960
Speaker 1: was like such a crazy engaged community and going hard.

448
00:23:40,040 --> 00:23:43,040
Speaker 1: And they have events, they have merchandise, they have brand equity,

449
00:23:43,200 --> 00:23:46,160
Speaker 1: They've built a huge brand. Not all of these pfps

450
00:23:46,160 --> 00:23:48,560
Speaker 1: are doing that, but what board Ape um Yacht Club

451
00:23:48,640 --> 00:23:51,159
Speaker 1: has done is quite impressive. They even have tears and

452
00:23:51,320 --> 00:23:53,400
Speaker 1: levels for if you've been priced out of the board

453
00:23:53,400 --> 00:23:55,199
Speaker 1: Ape you can get a mutant ape, you can get

454
00:23:55,240 --> 00:23:57,400
Speaker 1: a dog like, there's all sorts of ways to get

455
00:23:57,400 --> 00:24:01,240
Speaker 1: into the club. That being said, my entry was through

456
00:24:01,359 --> 00:24:04,639
Speaker 1: NBA Top Shot and One Side and that was very

457
00:24:04,680 --> 00:24:08,000
Speaker 1: easy for me because I love basketball and they and

458
00:24:08,240 --> 00:24:10,240
Speaker 1: and Flow and Dapper Labs made it very easy. I

459
00:24:10,240 --> 00:24:12,600
Speaker 1: didn't even have to buy these with crypto. They had

460
00:24:12,640 --> 00:24:15,840
Speaker 1: a credit card option, so they met me where I was.

461
00:24:16,480 --> 00:24:18,120
Speaker 1: And I think that's you know when we talk about

462
00:24:18,240 --> 00:24:20,199
Speaker 1: I'll let you redeem me will on like how can

463
00:24:20,240 --> 00:24:22,480
Speaker 1: people drop their own n f T s Like you

464
00:24:22,800 --> 00:24:25,720
Speaker 1: think about how do you reach who was your audience

465
00:24:25,800 --> 00:24:28,600
Speaker 1: and where are they? Are they crypto natives or are

466
00:24:28,680 --> 00:24:31,520
Speaker 1: they still not there yet? Um in different platforms provide

467
00:24:31,520 --> 00:24:34,359
Speaker 1: different things. But after I did that. My next step was,

468
00:24:34,480 --> 00:24:38,800
Speaker 1: all right, I heard that they had some some crypto art. Morgan.

469
00:24:39,160 --> 00:24:40,520
Speaker 1: You know, you might know like you haven't been to

470
00:24:40,560 --> 00:24:42,760
Speaker 1: my new crib, but my whole house is covered in art.

471
00:24:43,359 --> 00:24:45,840
Speaker 1: My whole thing is art. Like also, I got from

472
00:24:45,920 --> 00:24:49,360
Speaker 1: places I've been, people have met. Everything is very intentional

473
00:24:49,440 --> 00:24:51,200
Speaker 1: for me in my home, so it was natural for

474
00:24:51,240 --> 00:24:52,879
Speaker 1: me to say, let me collect some digital art. My

475
00:24:53,000 --> 00:24:56,119
Speaker 1: first inclination was I want to find black artists? Are

476
00:24:56,240 --> 00:24:59,000
Speaker 1: there black crypto did n f T artists? So I

477
00:24:59,080 --> 00:25:02,760
Speaker 1: actually I actually reached out. I d M a big

478
00:25:03,240 --> 00:25:05,280
Speaker 1: name in the space, prank Ci. I didn't know who

479
00:25:05,280 --> 00:25:08,240
Speaker 1: Pranksy was. I d M Pranksi who if you're in

480
00:25:08,320 --> 00:25:10,520
Speaker 1: crypto and n f T s you know, Francis And

481
00:25:10,560 --> 00:25:12,639
Speaker 1: I was like yo, um, And I don't even know

482
00:25:12,960 --> 00:25:15,400
Speaker 1: he was going to respond, but I was like, hey,

483
00:25:15,600 --> 00:25:18,600
Speaker 1: I'm looking for black artists. Do you know any? And

484
00:25:18,720 --> 00:25:22,239
Speaker 1: so then he sent me to follow Kai, who had

485
00:25:22,280 --> 00:25:24,920
Speaker 1: made a list of black artists in the space. So

486
00:25:25,040 --> 00:25:27,639
Speaker 1: then I spent a few hours actually going through all

487
00:25:27,680 --> 00:25:30,920
Speaker 1: the black artists, seeing their work, reading bios, and I

488
00:25:31,040 --> 00:25:33,960
Speaker 1: d M a few and actually the first black artist

489
00:25:34,240 --> 00:25:36,119
Speaker 1: um and my first piece of n f T art

490
00:25:36,160 --> 00:25:39,000
Speaker 1: that I bought was the Aku series, which is by

491
00:25:39,040 --> 00:25:42,040
Speaker 1: Michael Johnson and he's a former actually a former baseball

492
00:25:42,040 --> 00:25:45,160
Speaker 1: player turned artist, and it's about a little black boy

493
00:25:45,800 --> 00:25:49,520
Speaker 1: who asked his mother if black, if black people could

494
00:25:49,560 --> 00:25:54,600
Speaker 1: be astronauts, and so it's a really hope filled series.

495
00:25:54,680 --> 00:25:57,119
Speaker 1: So that was my first piece and I started to

496
00:25:57,280 --> 00:26:00,639
Speaker 1: collect one of one pieces of art after at so

497
00:26:00,840 --> 00:26:03,360
Speaker 1: like the point there is that, yeah, there's these ten

498
00:26:03,400 --> 00:26:06,000
Speaker 1: thousand count p FP projects, but n f T s

499
00:26:06,040 --> 00:26:10,359
Speaker 1: can be very intimate, they can be very significant and

500
00:26:10,840 --> 00:26:14,000
Speaker 1: um very valuable because of that bond and that rarity

501
00:26:14,119 --> 00:26:16,720
Speaker 1: because if they're one of one. Um. I eventually have

502
00:26:16,800 --> 00:26:21,679
Speaker 1: even commissioned art by Yas Yasmir, one that I had

503
00:26:21,720 --> 00:26:25,480
Speaker 1: asked him to make about my my mom and my dad.

504
00:26:25,680 --> 00:26:27,880
Speaker 1: My dad recently passed, my mom is sick, and it's

505
00:26:27,920 --> 00:26:29,960
Speaker 1: something that I really loved that it was on blockchain

506
00:26:30,040 --> 00:26:34,000
Speaker 1: because it's with me forever and it's mine forever. And

507
00:26:34,040 --> 00:26:35,680
Speaker 1: I also have the physical version. A lot of my

508
00:26:35,840 --> 00:26:38,080
Speaker 1: n f T s, I have a digital photo frame

509
00:26:38,160 --> 00:26:41,239
Speaker 1: and I even have physical work. I've also collected um

510
00:26:42,400 --> 00:26:45,160
Speaker 1: La Tabo, who's a South African artist and she's she's

511
00:26:45,240 --> 00:26:46,800
Speaker 1: up and coming and blowing it up. Check her out

512
00:26:47,240 --> 00:26:50,560
Speaker 1: and and and um n f T art is really

513
00:26:50,600 --> 00:26:53,080
Speaker 1: helping a lot of African artists as well, period and

514
00:26:53,240 --> 00:26:56,200
Speaker 1: artists all over, musicians and stuff. It's empowering them and creators.

515
00:26:56,480 --> 00:26:58,440
Speaker 1: So that was my journey, um, and that's how I

516
00:26:58,480 --> 00:27:03,760
Speaker 1: got started. So one of the first ways, and I

517
00:27:03,800 --> 00:27:05,280
Speaker 1: want you to chime in on this. To Morgan, so

518
00:27:05,359 --> 00:27:09,960
Speaker 1: I love your Samsung you know story earlier in this conversation.

519
00:27:10,320 --> 00:27:12,480
Speaker 1: One of the first ways I got introduced to this,

520
00:27:13,040 --> 00:27:14,920
Speaker 1: you know n f T world is my son places

521
00:27:14,960 --> 00:27:18,560
Speaker 1: Fortnite right and this social currency, so he wants the

522
00:27:18,680 --> 00:27:21,400
Speaker 1: new skin that comes out, and there's there's a world

523
00:27:21,480 --> 00:27:23,000
Speaker 1: that he lives in that if he doesn't have the

524
00:27:23,119 --> 00:27:25,520
Speaker 1: latest skin, he could get bullied. You know, because I

525
00:27:25,600 --> 00:27:28,440
Speaker 1: hear them, I hear their conversations over these you know,

526
00:27:28,840 --> 00:27:33,920
Speaker 1: these um remote virtual gaming platforms and considering you know,

527
00:27:34,040 --> 00:27:36,479
Speaker 1: how it skin provides him some value even if it's

528
00:27:36,520 --> 00:27:40,760
Speaker 1: just social currency. How might you help people like where

529
00:27:40,800 --> 00:27:43,000
Speaker 1: I grew up. I grew up in in the Midwest. Also,

530
00:27:43,160 --> 00:27:46,359
Speaker 1: just like Morgan, I'm from Ohio. How can I explain

531
00:27:46,400 --> 00:27:48,639
Speaker 1: this to my parents in a way that it's not

532
00:27:48,880 --> 00:27:51,359
Speaker 1: just you know, a virtual skin on the game. I

533
00:27:51,480 --> 00:27:54,159
Speaker 1: was telling you know, I was talking to another VC earlier, like,

534
00:27:54,400 --> 00:27:55,840
Speaker 1: if I were to go to my kids and say

535
00:27:55,840 --> 00:27:57,760
Speaker 1: here's a hundred dollars in cash or a hundred dollars

536
00:27:57,800 --> 00:28:04,920
Speaker 1: in roebucks, they want the roebucks yous. Um. You know,

537
00:28:04,960 --> 00:28:07,320
Speaker 1: it's such a good question. I think that, as with

538
00:28:07,440 --> 00:28:09,520
Speaker 1: anything and technology, when we're trying to explain it to

539
00:28:09,880 --> 00:28:12,960
Speaker 1: the generations who came before us, Um, you have to

540
00:28:13,160 --> 00:28:15,440
Speaker 1: you have to put it in a words that makes

541
00:28:15,560 --> 00:28:18,600
Speaker 1: us to them. So we just had our first baby

542
00:28:18,640 --> 00:28:21,639
Speaker 1: in the family. Um, so my parents, first grandchild, my

543
00:28:21,760 --> 00:28:29,280
Speaker 1: first nephew. And you know they have screens in a house, right,

544
00:28:29,320 --> 00:28:32,440
Speaker 1: They've got they've the they had an Alexa. You know,

545
00:28:32,520 --> 00:28:35,240
Speaker 1: I upgraded them so they get the Alexa with the

546
00:28:35,280 --> 00:28:37,720
Speaker 1: little picture thing on it. I'm sure there's a workforce.

547
00:28:37,720 --> 00:28:41,040
Speaker 1: I apologize to Amazon sponsor, whatever the name is it.

548
00:28:41,760 --> 00:28:45,960
Speaker 1: I bought it for okay, and you know, you walk

549
00:28:46,000 --> 00:28:49,120
Speaker 1: in their house, you wouldn't think they had any kids.

550
00:28:49,320 --> 00:28:52,320
Speaker 1: They only have baby like a you know, my nephew,

551
00:28:52,720 --> 00:28:56,640
Speaker 1: because every photo on that thing is mica. Okay, So

552
00:28:57,400 --> 00:29:02,160
Speaker 1: we don't have any physical copies of his photos, right,

553
00:29:02,280 --> 00:29:04,400
Speaker 1: we just have the digital version that was taken from

554
00:29:04,440 --> 00:29:08,120
Speaker 1: a phone, that is the real original file that is

555
00:29:08,200 --> 00:29:11,600
Speaker 1: then given and shared across our family album, which is

556
00:29:11,640 --> 00:29:17,280
Speaker 1: then displayed on this great right. And so that's how

557
00:29:17,320 --> 00:29:19,480
Speaker 1: I would explain it to them. I'm like, dad, my

558
00:29:19,600 --> 00:29:24,440
Speaker 1: dad loves Jacob Lawrence. Yeah, what if Jacob Lawrence of

559
00:29:24,600 --> 00:29:28,320
Speaker 1: today we're buying his art and it's just another thing

560
00:29:28,400 --> 00:29:31,240
Speaker 1: that we're gonna slide through, right. I think the hard

561
00:29:31,280 --> 00:29:33,920
Speaker 1: part for people is when they can't they can't interact

562
00:29:33,960 --> 00:29:35,640
Speaker 1: with it, they can't see it. I think that the

563
00:29:35,760 --> 00:29:39,800
Speaker 1: average person is going to, Um, there's were a couple

564
00:29:39,840 --> 00:29:42,840
Speaker 1: of ways of way in terms of like us being

565
00:29:42,880 --> 00:29:45,440
Speaker 1: able to pull out our our and I don't know

566
00:29:45,480 --> 00:29:46,880
Speaker 1: what the name of it is. I'm sure there's a

567
00:29:46,920 --> 00:29:49,440
Speaker 1: product that's like everybody uses. But where you have your

568
00:29:49,560 --> 00:29:52,960
Speaker 1: art gallery, that's your digital art gallery, right, like in

569
00:29:53,040 --> 00:29:56,000
Speaker 1: the same way that y'all don't see my chuab account,

570
00:29:56,080 --> 00:29:59,000
Speaker 1: but it's there, right, and I have like a portfolio

571
00:29:59,400 --> 00:30:02,880
Speaker 1: there right, um, And how people have their robin hoods

572
00:30:02,960 --> 00:30:06,440
Speaker 1: and their public apps and you know, so I think

573
00:30:06,560 --> 00:30:09,960
Speaker 1: that we're still like Rose is saying, we're still really

574
00:30:10,120 --> 00:30:14,120
Speaker 1: really early, and these things we're going to set the

575
00:30:14,160 --> 00:30:17,120
Speaker 1: trends of how consumers and the average behavior, and in fact,

576
00:30:17,320 --> 00:30:19,320
Speaker 1: we're going to probably work at these companies. We should

577
00:30:19,320 --> 00:30:21,560
Speaker 1: be founding these companies, we should be into investing in

578
00:30:21,600 --> 00:30:25,600
Speaker 1: these companies. We like making it into and make sure

579
00:30:25,640 --> 00:30:28,160
Speaker 1: that black people are part of this economy because it's

580
00:30:28,200 --> 00:30:30,160
Speaker 1: just in the beginning, and like that's what average TEK

581
00:30:30,280 --> 00:30:32,920
Speaker 1: is all about, right, So let's not just be consumers

582
00:30:33,000 --> 00:30:35,760
Speaker 1: of it, let's be owners of it. You know, I'm

583
00:30:35,800 --> 00:30:38,040
Speaker 1: so glad you said before before your incidence Rose, I

584
00:30:38,120 --> 00:30:39,440
Speaker 1: want to give you a twist. I want to give

585
00:30:39,440 --> 00:30:41,160
Speaker 1: you a twist to her response, because because she just

586
00:30:41,280 --> 00:30:42,760
Speaker 1: gave me something, I want to give you both of

587
00:30:42,800 --> 00:30:44,880
Speaker 1: these things that you can handle this. I think it

588
00:30:44,960 --> 00:30:46,880
Speaker 1: was Mark Andreson who said, you know, when we talk

589
00:30:46,880 --> 00:30:49,880
Speaker 1: about how tech gains mainstream adoption is when the user

590
00:30:49,960 --> 00:30:53,800
Speaker 1: interface catches up some more people understand how to engage

591
00:30:53,880 --> 00:30:56,520
Speaker 1: with it. It's for art that I own as an

592
00:30:56,600 --> 00:30:58,320
Speaker 1: n f T. The only real place I can display

593
00:30:58,360 --> 00:31:00,960
Speaker 1: it isn't the virtual world. You know, perhaps you know,

594
00:31:02,040 --> 00:31:03,360
Speaker 1: maybe it's a PfP and I can put it on

595
00:31:03,440 --> 00:31:05,719
Speaker 1: my Twitter, you know, a profile or whatever. From an

596
00:31:05,800 --> 00:31:08,520
Speaker 1: exhibition perspective, how do I how do I show people

597
00:31:09,120 --> 00:31:10,800
Speaker 1: that I have this? Or are we just waiting on

598
00:31:10,840 --> 00:31:13,080
Speaker 1: the metaverse to catch up to where I can just

599
00:31:13,320 --> 00:31:17,480
Speaker 1: display all my crypto punks. Yeah, it's a really natural

600
00:31:17,600 --> 00:31:21,120
Speaker 1: question to understand, like how can this digital thing manifest

601
00:31:21,200 --> 00:31:23,680
Speaker 1: itself in my physical space? And I think one we

602
00:31:23,760 --> 00:31:26,560
Speaker 1: have to you know, wrap around maybe change our thought

603
00:31:26,600 --> 00:31:29,560
Speaker 1: process too. It's not always like how can this be physical?

604
00:31:29,680 --> 00:31:32,120
Speaker 1: It might be like what is ownership of this represent

605
00:31:32,760 --> 00:31:35,360
Speaker 1: or what is ownership of this what is the utility

606
00:31:35,480 --> 00:31:40,200
Speaker 1: of this ownership? Um? And you know, I can't even

607
00:31:40,280 --> 00:31:42,760
Speaker 1: say that I am truly certain the way we're using

608
00:31:42,920 --> 00:31:45,080
Speaker 1: n f T s today is the way we'll be

609
00:31:45,200 --> 00:31:46,840
Speaker 1: using n f T s in five or ten years

610
00:31:46,880 --> 00:31:49,640
Speaker 1: from now. UM. So it's hard to predict, but I

611
00:31:50,280 --> 00:31:52,320
Speaker 1: I know for a fact, Like for NBA top Shot,

612
00:31:52,360 --> 00:31:55,360
Speaker 1: they've created like these digital photo digital type of frames

613
00:31:55,360 --> 00:31:57,880
Speaker 1: where like you can play your plays and display display them.

614
00:31:58,160 --> 00:32:01,600
Speaker 1: There's been a number of really createtive and thoughtful UM

615
00:32:02,680 --> 00:32:06,080
Speaker 1: apps UM sites that have come up where you can

616
00:32:06,200 --> 00:32:09,480
Speaker 1: display your n f T collection, the ones you love most.

617
00:32:09,600 --> 00:32:12,440
Speaker 1: You can create a showcase in really like almost museum

618
00:32:12,560 --> 00:32:16,400
Speaker 1: like spaces um where your avatars can move around and

619
00:32:16,480 --> 00:32:18,160
Speaker 1: walk but you can walk into you can share with

620
00:32:18,400 --> 00:32:20,440
Speaker 1: your room. People can move into your room and see

621
00:32:20,480 --> 00:32:22,440
Speaker 1: what you have. You know, you can even I've been

622
00:32:22,440 --> 00:32:25,120
Speaker 1: in metaverses where you can go walk up to a

623
00:32:25,200 --> 00:32:28,120
Speaker 1: picture or a piece of art and a voice starts

624
00:32:28,120 --> 00:32:30,920
Speaker 1: speaking to you from the artist or whatever about what

625
00:32:31,080 --> 00:32:33,280
Speaker 1: went into making this, and you can do it from

626
00:32:33,320 --> 00:32:36,720
Speaker 1: the comfort of your home UM while also having the ownership. Yes,

627
00:32:36,760 --> 00:32:39,600
Speaker 1: you can right click save it and you know, but

628
00:32:39,720 --> 00:32:42,480
Speaker 1: you don't own it. You can you can't sell it.

629
00:32:42,680 --> 00:32:44,240
Speaker 1: If you own it, you can actually own it and

630
00:32:44,400 --> 00:32:48,440
Speaker 1: decide to make money from it UM. And actually, you know,

631
00:32:48,840 --> 00:32:50,880
Speaker 1: sometimes I think if I have an n f T

632
00:32:51,080 --> 00:32:54,480
Speaker 1: that is popular and somebody and there's a large amount

633
00:32:54,480 --> 00:32:57,640
Speaker 1: of people saving it and making it their profile pick

634
00:32:57,800 --> 00:33:01,680
Speaker 1: or showing it publicly like gets there's I'm happy because

635
00:33:01,720 --> 00:33:04,160
Speaker 1: it's only increasing the visibility and the brand value of

636
00:33:04,200 --> 00:33:07,040
Speaker 1: the n f T that I own, and so you know,

637
00:33:07,160 --> 00:33:09,720
Speaker 1: it's almost like it's good business for me. So I

638
00:33:09,800 --> 00:33:12,840
Speaker 1: would say, there's there's all these different ways to explain. Actually,

639
00:33:12,920 --> 00:33:15,480
Speaker 1: Twitter um has already announced they're gonna do an n

640
00:33:15,480 --> 00:33:18,360
Speaker 1: f T verification system, which many in the space think

641
00:33:18,440 --> 00:33:22,080
Speaker 1: is going to make the space boom, because, um, when

642
00:33:22,120 --> 00:33:25,000
Speaker 1: you can verify through connecting to your I e. Maybe

643
00:33:25,120 --> 00:33:27,880
Speaker 1: your metal mask wallet or whatever, that a certain n

644
00:33:27,880 --> 00:33:30,240
Speaker 1: f T is yours and that's your profile pick. Now

645
00:33:30,360 --> 00:33:32,760
Speaker 1: you're talking about a digital flex and stunt. And the

646
00:33:32,840 --> 00:33:35,080
Speaker 1: same way people spend money on a rolex or that

647
00:33:35,480 --> 00:33:37,920
Speaker 1: poor show or whatever is the same way people. How

648
00:33:38,040 --> 00:33:39,600
Speaker 1: much time do you spell on your cell phone? I

649
00:33:39,640 --> 00:33:41,560
Speaker 1: don't even know what I when I've lost my phone

650
00:33:42,000 --> 00:33:45,240
Speaker 1: and I'm nothing without it, I'm nothing. My whole day

651
00:33:45,720 --> 00:33:48,840
Speaker 1: is spent on Instagram, Twitter, all of this. You don't

652
00:33:48,880 --> 00:33:51,560
Speaker 1: realize it like this, we are actually living rather a

653
00:33:51,640 --> 00:33:54,480
Speaker 1: digital live and period, and now we have a way

654
00:33:54,520 --> 00:33:57,520
Speaker 1: to verify ownership just like we do in our physical

655
00:33:57,600 --> 00:33:59,400
Speaker 1: lives with the size of our homes and things like that.

656
00:34:00,040 --> 00:34:01,680
Speaker 1: You know. So the last thing I'll say about that

657
00:34:01,760 --> 00:34:03,160
Speaker 1: is you think about when I was a kid, we

658
00:34:03,240 --> 00:34:06,120
Speaker 1: used to have photo albums. I don't own a single

659
00:34:06,240 --> 00:34:09,000
Speaker 1: photo album that wasn't passed down from my parents, which

660
00:34:09,040 --> 00:34:11,120
Speaker 1: I don't like. I actually want to do have an album.

661
00:34:11,719 --> 00:34:14,120
Speaker 1: I literally have to go to my Instagram and scroll

662
00:34:14,200 --> 00:34:16,520
Speaker 1: down a few years to look back at you know,

663
00:34:16,640 --> 00:34:19,440
Speaker 1: Stanford Reunion or something. I don't have a physical photo album.

664
00:34:19,719 --> 00:34:23,880
Speaker 1: Look how quickly that changed. So you know, there'll be

665
00:34:23,920 --> 00:34:26,840
Speaker 1: a new way that we look at what is important

666
00:34:26,880 --> 00:34:30,560
Speaker 1: to us visually. Right. And I also just one plug.

667
00:34:30,640 --> 00:34:34,520
Speaker 1: You know, Jack Dorsey speaking in Afro Tech World, Um

668
00:34:34,520 --> 00:34:37,279
Speaker 1: about he's gonna talk more about bitcoin and talk a

669
00:34:37,360 --> 00:34:39,440
Speaker 1: lot about the work that they're doing, you know overall.

670
00:34:40,040 --> 00:34:43,600
Speaker 1: But um, I just think that this is so important

671
00:34:43,640 --> 00:34:47,879
Speaker 1: that everybody is like tuning into these conversations, you know. Um.

672
00:34:48,160 --> 00:34:49,920
Speaker 1: And I think Ross is right in terms of like

673
00:34:50,080 --> 00:34:52,840
Speaker 1: there's a hodder in different ways that this could go.

674
00:34:53,680 --> 00:34:56,080
Speaker 1: And it doesn't really matter that we try to be right,

675
00:34:56,680 --> 00:35:00,160
Speaker 1: because the thing is you should build a portfolio. You

676
00:35:00,200 --> 00:35:02,560
Speaker 1: don't just do one thing. You don't just buy one

677
00:35:03,320 --> 00:35:06,920
Speaker 1: you know, fraction of one crypto, Like that's not that's

678
00:35:06,960 --> 00:35:09,680
Speaker 1: not how this world is working, right, It's portfolio. And

679
00:35:09,760 --> 00:35:11,359
Speaker 1: some things are gonna work and some things are gonna

680
00:35:11,360 --> 00:35:15,440
Speaker 1: be dead. But the key is actually the time is

681
00:35:15,480 --> 00:35:18,600
Speaker 1: on your side, so do it now, right, Like every month,

682
00:35:18,800 --> 00:35:23,520
Speaker 1: every year that you wait is like huge compounding returns

683
00:35:24,160 --> 00:35:28,280
Speaker 1: on your investments yeah, and there's and there is fragments,

684
00:35:28,360 --> 00:35:33,239
Speaker 1: and there's also fragmentalization of ownership. Not only you know

685
00:35:33,320 --> 00:35:34,520
Speaker 1: of n f T is just like you can buy

686
00:35:34,560 --> 00:35:37,759
Speaker 1: a piece of cryptocurrency or a stock, you know, like

687
00:35:37,920 --> 00:35:39,600
Speaker 1: now you can do that with n f T s too,

688
00:35:40,040 --> 00:35:41,960
Speaker 1: although it's still early enough where you might be able

689
00:35:42,000 --> 00:35:43,840
Speaker 1: to get your hands on some you know, to have

690
00:35:43,920 --> 00:35:47,239
Speaker 1: full ownership. But eventually I imagine things like punks you know,

691
00:35:47,280 --> 00:35:50,800
Speaker 1: who knows, but maybe being something that only institutions can afford.

692
00:35:50,920 --> 00:35:54,680
Speaker 1: And you know, we buy into as pieces of Yeah,

693
00:35:56,320 --> 00:36:05,759
Speaker 1: for a few minutes we have sorry, we're so fascinated. No,

694
00:36:06,000 --> 00:36:07,759
Speaker 1: I mean for for a few minutes we have left.

695
00:36:07,800 --> 00:36:09,440
Speaker 1: I'm interested in Morgan, Like you're an artist, Like, I

696
00:36:09,480 --> 00:36:11,000
Speaker 1: don't know if that's one of your pieces behind you?

697
00:36:11,200 --> 00:36:15,440
Speaker 1: Is that your piece? Okay? So yes, you know, I don't.

698
00:36:15,480 --> 00:36:17,600
Speaker 1: I don't want to position how you are, but you're like,

699
00:36:18,280 --> 00:36:20,279
Speaker 1: maybe it's an outlet for you and maybe like you

700
00:36:20,400 --> 00:36:22,520
Speaker 1: want to be seriously an artist. I don't, I'll let you,

701
00:36:22,800 --> 00:36:25,400
Speaker 1: you know, speak to that, but like, you know, do

702
00:36:25,600 --> 00:36:28,239
Speaker 1: you see yourself or a desire to nd F to

703
00:36:28,360 --> 00:36:29,960
Speaker 1: your work because I think about like, you know, your

704
00:36:30,120 --> 00:36:34,440
Speaker 1: celebrity entrepreneur, Like people would want to have something that

705
00:36:34,600 --> 00:36:38,240
Speaker 1: Morgan the Bond you know, CEO of this amazing company

706
00:36:38,920 --> 00:36:42,600
Speaker 1: did just value there. You know, I go back and

707
00:36:42,680 --> 00:36:44,879
Speaker 1: forth on this question. Um, I get it a lot

708
00:36:44,960 --> 00:36:46,760
Speaker 1: as like I share a little bit more about myself

709
00:36:46,800 --> 00:36:49,480
Speaker 1: outside of just my my my day job at gravity.

710
00:36:50,160 --> 00:36:52,520
Speaker 1: Um just people like can I commission a piece? I'm like,

711
00:36:52,600 --> 00:36:54,680
Speaker 1: bred you want me to said? How much time? Maybe this?

712
00:36:54,800 --> 00:36:57,480
Speaker 1: If we can't afford it, like the money I make

713
00:36:57,560 --> 00:36:59,440
Speaker 1: over a year versus the money I can make on

714
00:36:59,520 --> 00:37:02,279
Speaker 1: a piece of art. Like you know, I don't know, Um,

715
00:37:02,960 --> 00:37:04,520
Speaker 1: I don't know if it's the right amount of time

716
00:37:04,560 --> 00:37:06,480
Speaker 1: and value and where I am in my life. But

717
00:37:06,760 --> 00:37:08,680
Speaker 1: which is why it's happy for me. It's something that

718
00:37:08,719 --> 00:37:10,440
Speaker 1: I feel really good about. It's things that I give

719
00:37:10,560 --> 00:37:13,320
Speaker 1: to other people. I also like when I travel, I

720
00:37:13,440 --> 00:37:16,040
Speaker 1: paint um just as also a way to kind of

721
00:37:16,160 --> 00:37:18,920
Speaker 1: memorialize that moment in time and be really present with

722
00:37:19,000 --> 00:37:23,359
Speaker 1: the physical space that I'm in. UM. And I think

723
00:37:25,080 --> 00:37:26,839
Speaker 1: how I view n f T s. For me as

724
00:37:26,880 --> 00:37:30,799
Speaker 1: a business person and entrepreneur, it's less about what can

725
00:37:30,880 --> 00:37:33,160
Speaker 1: I create that I can sell? It's like what do

726
00:37:33,239 --> 00:37:36,400
Speaker 1: I already create that should probably or potentially be an

727
00:37:36,480 --> 00:37:39,239
Speaker 1: n f T. Like for example, like I was saying,

728
00:37:39,280 --> 00:37:42,279
Speaker 1: the mentoring or advising or coaching, So like, how is

729
00:37:42,320 --> 00:37:47,359
Speaker 1: it a ticket to a utility that I already provide? Um?

730
00:37:47,800 --> 00:37:50,680
Speaker 1: How is it that we can transact with one another

731
00:37:51,000 --> 00:37:53,680
Speaker 1: and also build my tribe like my tribe of work smarters,

732
00:37:53,719 --> 00:37:55,719
Speaker 1: my tribe of people that I mentor and I advised.

733
00:37:56,040 --> 00:37:59,200
Speaker 1: How do we make sure that that community is constantly

734
00:37:59,280 --> 00:38:01,480
Speaker 1: growing and it's self fulfilling? It that it is in

735
00:38:01,560 --> 00:38:05,360
Speaker 1: itself an asset, both because of utility but also because

736
00:38:05,440 --> 00:38:08,400
Speaker 1: owning a piece of it is a part of the

737
00:38:08,520 --> 00:38:13,640
Speaker 1: asset that will appreciate over time. Um. And I mean

738
00:38:13,680 --> 00:38:17,520
Speaker 1: I think about other entrepreneurs that also have tribes, Like

739
00:38:17,600 --> 00:38:20,600
Speaker 1: I think about a uh like an opera, Like what

740
00:38:20,680 --> 00:38:22,640
Speaker 1: would people have done if Oprah and had an n

741
00:38:22,719 --> 00:38:24,600
Speaker 1: f T where you always get access to every event

742
00:38:24,640 --> 00:38:26,880
Speaker 1: she ever speaks at? Right, but she only had to

743
00:38:26,880 --> 00:38:29,680
Speaker 1: pay tan k for it? You know twenty years ago

744
00:38:29,880 --> 00:38:33,440
Speaker 1: that thing would be worth a million dollars? Right if

745
00:38:33,480 --> 00:38:36,960
Speaker 1: Gary same thing, if if Gary V had had an

746
00:38:37,040 --> 00:38:39,040
Speaker 1: n f T, and then now you could track trade

747
00:38:39,080 --> 00:38:43,759
Speaker 1: on it. Wow? Right? So Um? I'm still figuring out

748
00:38:43,800 --> 00:38:47,520
Speaker 1: what it means for me. I definitely think as I

749
00:38:47,840 --> 00:38:51,279
Speaker 1: shift my time and start different businesses and build up

750
00:38:51,360 --> 00:38:54,680
Speaker 1: different things later on in life, it's very possible that

751
00:38:54,719 --> 00:38:57,680
Speaker 1: I become a full time artist. Um, it's just not

752
00:38:57,760 --> 00:39:01,319
Speaker 1: where I am. And it rewards those communities that brought

753
00:39:01,360 --> 00:39:03,839
Speaker 1: into you earlier. Morgan, Like you think about a music

754
00:39:03,920 --> 00:39:06,640
Speaker 1: group that maybe you met when they were indie, right,

755
00:39:07,520 --> 00:39:10,880
Speaker 1: and you feel like, all right, they blew up, they

756
00:39:10,920 --> 00:39:13,399
Speaker 1: did Coachella, Like now they're doing all these big things.

757
00:39:13,440 --> 00:39:15,200
Speaker 1: You can barely afford to see them, you know, like

758
00:39:15,280 --> 00:39:17,000
Speaker 1: you feel like, damn, I lost track of them. I've

759
00:39:17,760 --> 00:39:19,640
Speaker 1: I like them better when they were smaller. You know

760
00:39:19,800 --> 00:39:21,840
Speaker 1: you were there early. Now through an n f T

761
00:39:22,120 --> 00:39:25,319
Speaker 1: like you're almost inward rewarded for getting there early. Um.

762
00:39:25,440 --> 00:39:28,080
Speaker 1: You want you want, you root for this artist that

763
00:39:28,200 --> 00:39:30,840
Speaker 1: you love to do better, um, because you know, the

764
00:39:30,880 --> 00:39:32,879
Speaker 1: bigger they get, the more value you have as being

765
00:39:32,920 --> 00:39:35,160
Speaker 1: early in the community. And I want I just want

766
00:39:35,200 --> 00:39:37,439
Speaker 1: to shout out a woman, Latasha, that I just met

767
00:39:37,960 --> 00:39:42,120
Speaker 1: at n f T n y c um where and

768
00:39:42,160 --> 00:39:44,160
Speaker 1: y'all should check it out if you're interested in her story.

769
00:39:44,280 --> 00:39:47,080
Speaker 1: Just she was talking about being an artist and how

770
00:39:47,960 --> 00:39:49,600
Speaker 1: and there are many artists with the story just how

771
00:39:49,640 --> 00:39:52,200
Speaker 1: hard it was for her to actually make money um

772
00:39:52,520 --> 00:39:55,080
Speaker 1: making her music and she decided to start using n

773
00:39:55,160 --> 00:39:57,359
Speaker 1: f t s to sell directly to her fan base

774
00:39:57,920 --> 00:40:00,440
Speaker 1: and donald did it strengthen her community that they actually

775
00:40:00,520 --> 00:40:03,600
Speaker 1: like kind of started party bids on like music video

776
00:40:03,680 --> 00:40:06,040
Speaker 1: drops and things like that. She's made more money than

777
00:40:06,040 --> 00:40:07,719
Speaker 1: the record labels would have ever given her in a

778
00:40:07,800 --> 00:40:11,799
Speaker 1: single deal um and has really been empowered by using

779
00:40:11,920 --> 00:40:13,880
Speaker 1: n f t s to take out the middleman and

780
00:40:14,000 --> 00:40:17,200
Speaker 1: all of the bureaucracy that left her often without money.

781
00:40:17,600 --> 00:40:20,360
Speaker 1: Mm hmm. That's beautiful. And I think we have an

782
00:40:20,480 --> 00:40:23,120
Speaker 1: n f T art gallery here in the metaverse, and

783
00:40:23,200 --> 00:40:25,399
Speaker 1: make sure you guys check out the art gallery here

784
00:40:25,400 --> 00:40:27,719
Speaker 1: and after a check because we we've definitely created some

785
00:40:27,800 --> 00:40:30,440
Speaker 1: black artists. Let's let's invest in that you were want

786
00:40:30,480 --> 00:40:31,919
Speaker 1: of the first y'all be one of the first world

787
00:40:31,920 --> 00:40:35,040
Speaker 1: of metavirus man, y'all been doing this. Come on now, flowers,

788
00:40:35,719 --> 00:40:42,640
Speaker 1: come on every tea. When we were working, we were like,

789
00:40:42,800 --> 00:40:49,080
Speaker 1: oh my god, yes, having full reasons and that just

790
00:40:49,160 --> 00:40:52,279
Speaker 1: feels like it feels like a great place to end

791
00:40:52,320 --> 00:40:54,520
Speaker 1: this conversation you know, will be respectful for you guys time.

792
00:40:54,520 --> 00:40:57,080
Speaker 1: I really appreciate you rise and all gems you drop

793
00:40:57,239 --> 00:40:59,680
Speaker 1: today more than your insight as well, and the questions again,

794
00:40:59,719 --> 00:41:01,480
Speaker 1: I can't even to learn to feel more prepared to

795
00:41:01,560 --> 00:41:03,080
Speaker 1: go spend a couple of dollars on the n f

796
00:41:03,200 --> 00:41:06,680
Speaker 1: T now. So I appreciate you guys. Thank you, will

797
00:41:07,400 --> 00:41:11,040
Speaker 1: margain what I have time to leave your leave the

798
00:41:11,120 --> 00:41:13,960
Speaker 1: people here with a few my lots of advice on

799
00:41:14,080 --> 00:41:17,560
Speaker 1: how to get started if they haven't. I would love

800
00:41:17,680 --> 00:41:19,920
Speaker 1: that because I was just gonna say, okay, so I'm

801
00:41:19,960 --> 00:41:22,000
Speaker 1: gonna go buy n f T What do I do?

802
00:41:22,360 --> 00:41:24,319
Speaker 1: So the first thing you have to you know, you're

803
00:41:24,320 --> 00:41:26,520
Speaker 1: gonna need a wallet. A lot of people start with

804
00:41:26,560 --> 00:41:28,759
Speaker 1: a metal mask UM. There's a lot of different you know,

805
00:41:28,800 --> 00:41:32,319
Speaker 1: you can also get a hard wallet UM to better

806
00:41:32,440 --> 00:41:34,480
Speaker 1: protect your n f T s, but I would I'll

807
00:41:34,520 --> 00:41:36,640
Speaker 1: just use raise my hands. I started with coin Base.

808
00:41:36,840 --> 00:41:39,080
Speaker 1: I got a metal mask wallet and that houses a

809
00:41:39,120 --> 00:41:43,200
Speaker 1: lot of my cryptocurrencies to help me like buy various

810
00:41:43,320 --> 00:41:44,400
Speaker 1: n f T s, and you can buy n f

811
00:41:44,520 --> 00:41:47,680
Speaker 1: T s on different blockchains. My advice would be, UM,

812
00:41:48,719 --> 00:41:52,040
Speaker 1: understanding that all of this is risky UM and so

813
00:41:52,560 --> 00:41:56,400
Speaker 1: again only spending what you can afford to potentially you know,

814
00:41:56,560 --> 00:41:59,920
Speaker 1: lose um. And also you know, collect things that you

815
00:42:00,320 --> 00:42:02,680
Speaker 1: actually like, care about and like so that if it

816
00:42:02,760 --> 00:42:05,000
Speaker 1: doesn't turn out to make you a billionaire one day,

817
00:42:05,200 --> 00:42:07,640
Speaker 1: at least you're happy to have them. The n f

818
00:42:07,760 --> 00:42:12,000
Speaker 1: T s UM. I think I think it's important to

819
00:42:12,239 --> 00:42:14,960
Speaker 1: to do we say D Y O R. Do your

820
00:42:15,000 --> 00:42:19,000
Speaker 1: own research, not financial advice. Don't FOMO into things like

821
00:42:19,080 --> 00:42:21,120
Speaker 1: you see everybody talking about it. There's a lot of

822
00:42:21,160 --> 00:42:24,719
Speaker 1: bag pumping, there's a lot of influencers, Like do your

823
00:42:24,800 --> 00:42:27,319
Speaker 1: research and again, you know, try to be thoughtful, don't

824
00:42:27,360 --> 00:42:29,040
Speaker 1: be in a rush to get and take your time

825
00:42:29,080 --> 00:42:31,600
Speaker 1: and make a good choice. I would I would personally

826
00:42:31,640 --> 00:42:36,200
Speaker 1: say if take a long term perspective, because you know,

827
00:42:36,360 --> 00:42:39,359
Speaker 1: crypto is often cyclical. I've been here like eight nine

828
00:42:39,400 --> 00:42:42,120
Speaker 1: months and I've already seen a few dips and crashes

829
00:42:42,200 --> 00:42:45,719
Speaker 1: and then you know huge bull runs UM. So you know,

830
00:42:45,960 --> 00:42:47,800
Speaker 1: try to think of what your long term perspective. And

831
00:42:47,880 --> 00:42:49,719
Speaker 1: let's let's say you bought Eth, and let's say Eth

832
00:42:49,840 --> 00:42:52,640
Speaker 1: right now today is at four thousand Are you buying

833
00:42:52,719 --> 00:42:54,480
Speaker 1: Eth for it to be for you to get a

834
00:42:54,560 --> 00:42:57,200
Speaker 1: gain to see it to or is your goal to

835
00:42:57,320 --> 00:43:01,400
Speaker 1: see you know eth at you down years from now

836
00:43:01,480 --> 00:43:03,840
Speaker 1: at exponentially more like you have to think about is

837
00:43:03,880 --> 00:43:06,239
Speaker 1: your mindset to cash out quick in a few weeks

838
00:43:06,920 --> 00:43:09,040
Speaker 1: or whatever you know. And then finally, my last piece

839
00:43:09,080 --> 00:43:11,720
Speaker 1: of advice would be you have to create friend groups.

840
00:43:11,760 --> 00:43:14,920
Speaker 1: It's hard to do all of this alone. You should

841
00:43:14,920 --> 00:43:17,800
Speaker 1: create chat groups where you guys are sharing information. The

842
00:43:17,880 --> 00:43:20,680
Speaker 1: space moves really fast, and you guys can help each other,

843
00:43:21,360 --> 00:43:23,800
Speaker 1: um just sharing information and staying up to date. I

844
00:43:23,840 --> 00:43:26,480
Speaker 1: have like three different NFC chat groups and some of

845
00:43:26,520 --> 00:43:28,920
Speaker 1: them have helped helped me not lose money and some

846
00:43:29,080 --> 00:43:43,840
Speaker 1: have helped me make money. Black Tech Green Money is

847
00:43:43,880 --> 00:43:47,560
Speaker 1: a production of Black Afro Tech, The Black Effect Podcast Network,

848
00:43:47,600 --> 00:43:50,200
Speaker 1: and iHeart Media and it's produced by Morgan Dubon and

849
00:43:50,280 --> 00:43:53,759
Speaker 1: me Well Lucas, with additional production support by love Be

850
00:43:53,920 --> 00:43:58,280
Speaker 1: Tim Rissa Lewis. Special thank you to Michael Davis, Sadam Simms.

851
00:43:58,320 --> 00:44:01,239
Speaker 1: It's a car savan Jah, you know, like the wine. Yes,

852
00:44:01,360 --> 00:44:04,520
Speaker 1: that's his real name. Remember about Mike Yes and other

853
00:44:04,560 --> 00:44:07,200
Speaker 1: tech distrop that's it Innovative to afrotech dot com. The

854
00:44:07,320 --> 00:44:09,440
Speaker 1: video first of this episode will drop the Black Tech

855
00:44:09,480 --> 00:44:13,120
Speaker 1: Green money on YouTube, so tap in, enjoy your black

856
00:44:13,160 --> 00:44:15,920
Speaker 1: Tech Green money. Leave us a five star rating on iTunes.

857
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Speaker 1: Go get your money. He's in love.