WEBVTT - Trifecta Of Disruption 0:00:04.600 --> 0:00:07.680 So the big question is this, how do investors like 0:00:07.920 --> 0:00:11.800 us get access to the ideas, information, and most importantly, 0:00:12.039 --> 0:00:14.880 the right people that give us the tools and information 0:00:14.960 --> 0:00:19.000 we need to make conformed and educated decisions to have success. 0:00:19.600 --> 0:00:22.360 That is the question, and this podcast will give us 0:00:22.400 --> 0:00:25.480 the answers. This is Mark Moss, your host. Let's get 0:00:25.520 --> 0:00:29.639 this started. Welcome back, everybody to another episode of the 0:00:29.640 --> 0:00:34.640 Market Disruptors podcast, where we talk about disruptive technologies, blockchain technology, 0:00:34.680 --> 0:00:38.240 and we talk about disruptive people to learn from them. Now, 0:00:38.680 --> 0:00:40.839 today we have a guest that I'm super excited to 0:00:40.840 --> 0:00:42.720 talk about. His name is Roll Whoso. He's with the 0:00:42.720 --> 0:00:45.840 company called Unicoin, and he has a history of doing 0:00:46.200 --> 0:00:50.000 big disruptive things going way back working with Hewlett Packard, 0:00:50.240 --> 0:00:53.360 working with Microsoft, and now with his own company, Unicoin. 0:00:53.520 --> 0:00:56.720 And they are right in the middle of three massive 0:00:56.760 --> 0:01:00.880 trends all converging together, something that I've been paying attention 0:01:00.920 --> 0:01:03.160 to and watching them. Super excited. I can't wait to 0:01:03.200 --> 0:01:07.280 get into this, so let's go. All right, Today we 0:01:07.319 --> 0:01:10.320 are with Rahul sud He is with a company called 0:01:10.400 --> 0:01:13.840 Unicorn that does e sports gaming and it's a really 0:01:13.840 --> 0:01:17.720 disruptive area and he has not just been disrupting uh 0:01:17.800 --> 0:01:19.840 those those industries with what he's doing today, but he 0:01:19.920 --> 0:01:22.920 has a history of doing this through multiple projects that 0:01:22.920 --> 0:01:24.959 he's been on the past. It's a really interesting guy. 0:01:25.000 --> 0:01:26.640 I can't wait to find out more about him. So 0:01:27.319 --> 0:01:31.160 welcome Rule. Hey, thanks for having me appreciate it. So 0:01:31.760 --> 0:01:34.240 you are with a company called Unicorn now, which is 0:01:34.280 --> 0:01:36.080 like an e sports gaming which I want to dig 0:01:36.120 --> 0:01:38.959 into a little bit. Um. I know in your past 0:01:39.280 --> 0:01:41.120 we were just talking about you had launched kind of 0:01:41.160 --> 0:01:45.000 like the first e sports computer that went to Hewlett Packard. 0:01:45.400 --> 0:01:48.320 I know you're with Microsoft, like in their venture with 0:01:48.360 --> 0:01:52.240 their VC kind of firm part as well. Give me 0:01:52.240 --> 0:01:54.000 a little bit about the background so we kind of 0:01:54.000 --> 0:01:56.600 know who we're talking with. Sure. Um. Yeah, So I 0:01:56.840 --> 0:02:00.400 started a company many years ago called Hoodoo. You see, 0:02:00.440 --> 0:02:03.320 it was like the world's first high end gaming company. Um. 0:02:03.320 --> 0:02:05.080 Those systems that you see in the back there are 0:02:05.080 --> 0:02:07.160 sort of some of the models that we built out 0:02:07.840 --> 0:02:11.400 and these are like all hand built computer systems, and 0:02:11.520 --> 0:02:14.400 it sort of became a like a global brand. It 0:02:14.520 --> 0:02:16.600 created a huge movement and we ended up selling it 0:02:16.639 --> 0:02:21.200 to HP UM and and UM, you know, I I 0:02:22.320 --> 0:02:25.160 at the time I was involved in competitive gaming. UM, 0:02:25.160 --> 0:02:27.440 but it wasn't anywhere near what it is today. But 0:02:27.520 --> 0:02:30.560 it was pretty pretty cool. Um. And in any case, 0:02:31.000 --> 0:02:35.120 after selling to HP, I UM, I was kind of 0:02:35.160 --> 0:02:37.160 bored working inside the company there. I mean it was 0:02:37.160 --> 0:02:39.359 pretty boring, to be honest, like after the first year. 0:02:39.720 --> 0:02:42.680 HP was a tough company to work for, um uh 0:02:42.760 --> 0:02:45.799 for a lot of reasons. And so um a friend 0:02:45.840 --> 0:02:48.560 of mine, Daniel Rudolph, and I we we we built 0:02:48.600 --> 0:02:52.720 this platform for fun on on on evenings and weekends. 0:02:52.919 --> 0:02:57.240 UM that allowed us to play, uh, to play Call 0:02:57.320 --> 0:03:00.239 of Duty and games like that against each other for money. 0:03:00.360 --> 0:03:04.160 UM and uh we you know, we we were both gamers, 0:03:04.240 --> 0:03:06.960 you know, we like to bet on games. And basically 0:03:07.240 --> 0:03:10.800 um uh you know, we built a platform that that 0:03:11.040 --> 0:03:13.640 allowed people to play you know, games for money, and 0:03:13.720 --> 0:03:16.119 we built everything from you know, the front end interface, 0:03:16.200 --> 0:03:20.720 the anti cheat system, the matchmaking system. UM. We even 0:03:20.760 --> 0:03:23.880 built like a full tournament platform around the end payment system. 0:03:23.919 --> 0:03:25.600 I mean it was ridiculous and it was really just 0:03:25.639 --> 0:03:29.120 for friends and people in the community, but this thing 0:03:29.480 --> 0:03:32.200 took off. It actually when was when was this just 0:03:32.240 --> 0:03:36.400 for some about two so so it took out about 0:03:36.400 --> 0:03:38.440 eight thousand users using it, and then and then we 0:03:38.480 --> 0:03:40.440 just you know, quickly realized that this is getting out 0:03:40.440 --> 0:03:43.400 of control. Um. You know, we weren't prepared for two things. 0:03:43.520 --> 0:03:47.240 Number one, we weren't prepared for the the regulatory side 0:03:47.280 --> 0:03:48.880 of things. We didn't want to deal with, you know, 0:03:48.960 --> 0:03:51.080 the legal side. And the other thing we weren't prepared 0:03:51.120 --> 0:03:54.800 for is just the the turnover of users. So basically 0:03:55.240 --> 0:03:57.600 there was a there was something called the poker effect 0:03:57.720 --> 0:04:01.120 where uh, where users were really good at the games 0:04:01.120 --> 0:04:03.560 would would win, and then the users who weren't that 0:04:03.600 --> 0:04:06.240 good would never come back to the platform. And um, 0:04:06.520 --> 0:04:08.360 and so you know that health Perfect was just like 0:04:08.400 --> 0:04:10.360 a weird thing, but it it was a good learning 0:04:10.400 --> 0:04:13.320 anyways at the time. So long story short is I 0:04:13.320 --> 0:04:17.280 then joined Microsoft. I started Microsoft Ventures UM and at 0:04:17.279 --> 0:04:19.880 Microsoft Ventures we used to invest in small companies and 0:04:19.920 --> 0:04:22.200 help them build and grow. And one of the companies 0:04:22.240 --> 0:04:26.040 we invested in was a gaming community company and that's 0:04:26.040 --> 0:04:29.160 where I met my business partner, Carl Um. Carl is 0:04:29.200 --> 0:04:32.760 a guy from Australia. We got along really well. Like 0:04:32.880 --> 0:04:35.320 most Australians, they like to bet on everything, or they've 0:04:35.320 --> 0:04:37.200 been on horse races, they've been on sports they've been 0:04:37.200 --> 0:04:41.120 on politics. He also liked to play video games. And 0:04:41.160 --> 0:04:43.120 I was telling him, you know, well, first of all, 0:04:43.160 --> 0:04:45.320 we're talking about the sports and the growth of the sports, 0:04:45.320 --> 0:04:47.400 and how at Microsoft we were you know, a few 0:04:47.400 --> 0:04:49.800 of us were discovering that there was more people using 0:04:49.960 --> 0:04:52.800 Xbox and and Windows to watch people play games on 0:04:52.880 --> 0:04:54.599 than ever before. And then he was growing at a 0:04:54.680 --> 0:04:57.040 massive clip, like hundreds of millions of people were doing this, 0:04:57.640 --> 0:04:59.680 and um, and then I was telling him about this 0:04:59.720 --> 0:05:01.880 product like I started years ago a playoff with my 0:05:01.920 --> 0:05:04.440 friend Daniel Rudolph and said, you know, back then, we're 0:05:04.440 --> 0:05:07.240 probably way ahead of its time, you know. And and 0:05:07.279 --> 0:05:08.800 he liked to bet on sports, so he said, why 0:05:08.800 --> 0:05:11.159 don't we why don't we all get together and build, 0:05:11.320 --> 0:05:13.320 you know, build a company that sort of you know, 0:05:13.360 --> 0:05:15.200 we'll start again. You know, maybe this is the right 0:05:15.200 --> 0:05:17.840 time to do it. And so we did. UM, three 0:05:17.920 --> 0:05:20.599 of us got together. Uh, my friend Daniel who lives 0:05:20.600 --> 0:05:22.880 in Germany. UM, Carl who had the time was in 0:05:22.920 --> 0:05:26.440 Belleview here but he moved back to Australia, and UM 0:05:26.640 --> 0:05:30.679 we started Unicorn. And Unicorn is a platform that sits 0:05:30.720 --> 0:05:34.479 at the intersection of regulated gambling. UM. E sports and 0:05:34.560 --> 0:05:37.800 video games and blockchain technology, and and blockchain didn't come 0:05:37.880 --> 0:05:41.120 until like about we'll talk about that as well. Yeah, 0:05:41.160 --> 0:05:45.440 the the intersection of those three areas is very very 0:05:45.480 --> 0:05:47.480 interesting and I want to dive into that, but before 0:05:47.520 --> 0:05:50.479 we do. UM, so you started this, you know, these 0:05:50.480 --> 0:05:52.920 custom PCs for gaming, which at the time there wasn't 0:05:52.920 --> 0:05:55.279 really anything going on there. Um, then you kind of 0:05:55.279 --> 0:05:59.000 had this stint with Microsoft Adventure. UM I wanted just 0:05:59.120 --> 0:06:02.279 understand a little bit it, Like, UM, it seems like 0:06:02.360 --> 0:06:05.200 being an investors is very difficult. It goes against our 0:06:05.240 --> 0:06:07.440 our psychology, It goes against what we call like a 0:06:07.520 --> 0:06:10.240 normalcy bias. So we people tend to think whatever is 0:06:10.240 --> 0:06:12.960 happening today will continue on. But yet here you've been 0:06:13.000 --> 0:06:16.240 able to go, no, I see this other future that's different, 0:06:16.760 --> 0:06:18.680 and I'm gonna build that. So with the with the 0:06:18.680 --> 0:06:22.000 gaming computers, and then UM, I would imagine in Microsoft 0:06:22.040 --> 0:06:24.960 looking at venture deals, you're looking at new technologies that 0:06:25.320 --> 0:06:28.119 when the future is going exactly so you've been able 0:06:28.160 --> 0:06:31.360 to kind of like have this like future vision where 0:06:31.400 --> 0:06:34.679 most people have this very difficult even today where bitcoin 0:06:34.760 --> 0:06:36.600 has really kind of proven its use case and still 0:06:36.600 --> 0:06:39.839 people can't imagine that, right, So what is it that 0:06:39.920 --> 0:06:41.880 you think is different with you or how do you 0:06:41.920 --> 0:06:44.080 look at things differently to kind of help you view 0:06:44.120 --> 0:06:46.280 that future that future vision. Um, well, you know, to 0:06:46.560 --> 0:06:48.680 be honestly, I just watched my kids and what they're 0:06:48.680 --> 0:06:51.760 into and and um, you know, when I was at Microsoft, 0:06:51.839 --> 0:06:55.640 my son was about fifteen at the time. He's he's 0:06:55.680 --> 0:06:57.800 twenty now, but you know, he's about fifteen at the time. 0:06:57.839 --> 0:07:00.720 And he remembered me growing up. Are remember me as 0:07:00.760 --> 0:07:03.279 he was growing up? Uh, you know, being a dad 0:07:03.320 --> 0:07:05.520 that was an entrepreneur, you know, who loved to play 0:07:05.560 --> 0:07:08.360 games and was building this gaming company, right, and and 0:07:08.680 --> 0:07:10.080 he used to say to me, you know, what are 0:07:10.080 --> 0:07:12.320 you still doing at Microsoft? You know you should? You 0:07:12.360 --> 0:07:15.080 should you should quit and start another gaming company. And 0:07:15.080 --> 0:07:16.960 then he said, um, he started to talk to me 0:07:17.000 --> 0:07:19.880 about the sports and you know how big it was getting, 0:07:20.320 --> 0:07:22.200 and um, and he was playing a lot of League 0:07:22.200 --> 0:07:24.560 of Legends. My daughter, my both my sons were playing 0:07:24.560 --> 0:07:26.920 the League of Legends. But this guy in particular is 0:07:26.960 --> 0:07:30.520 a pretty smart kid. And he he basically got me 0:07:30.600 --> 0:07:33.200 to play with him and uh and get into get 0:07:33.200 --> 0:07:36.760 involved in the industry. Um. And as I did, I 0:07:37.200 --> 0:07:40.480 realized how massive the space actually was, and you know, 0:07:40.560 --> 0:07:42.120 and you just start to think about what does the 0:07:42.120 --> 0:07:45.880 future look like in in this space? Um and and 0:07:45.960 --> 0:07:48.360 typically what you do is is you look at industries 0:07:48.400 --> 0:07:51.360 that required disruption, like you know, Uber went into the 0:07:51.400 --> 0:07:54.760 taxi industry. They you know, they wanted to disrupt taxis 0:07:54.800 --> 0:07:58.040 and you know, and and Tesla is disrupting energy you know, 0:07:58.240 --> 0:08:00.320 um and they're doing it in the in the guys 0:08:00.320 --> 0:08:02.880 of a car company. Um. You know. For for me, 0:08:03.000 --> 0:08:06.120 it's it's really about the future of entertainment and and 0:08:06.200 --> 0:08:08.400 thinking about what does the future of sports look like? 0:08:08.800 --> 0:08:11.880 Right and um and and you know, there's there's no 0:08:11.960 --> 0:08:14.160 better way to get to get engaged in the support 0:08:14.200 --> 0:08:15.560 that to place a bet on it. Like if you 0:08:15.560 --> 0:08:17.920 ever watched a football game or something, he plays a 0:08:17.960 --> 0:08:20.480 bet you're gonna watch the game from beginning. And so 0:08:20.520 --> 0:08:22.720 it's sort of like that, you know, uh, starting with 0:08:23.120 --> 0:08:25.480 watching my kids and I'm going from there. Yeah. So 0:08:25.520 --> 0:08:28.240 the demographics definitely pay a big play, a big piece 0:08:28.240 --> 0:08:30.040 in that. And I think that's one of the big 0:08:30.040 --> 0:08:32.559 things with like cryptocurrency adoption where you kind of still 0:08:32.600 --> 0:08:35.600 have this old guard, right the baby boomers, if you will, 0:08:35.920 --> 0:08:38.920 who maybe still write checks at the grocery store. Um, 0:08:38.920 --> 0:08:40.400 and they'll probably never get into it. But then you 0:08:40.440 --> 0:08:42.880 have like the grandkids who will never know anything about that. 0:08:42.920 --> 0:08:45.199 So that those demographics and it's sort of it's sort 0:08:45.200 --> 0:08:47.120 of interesting because when you talk about Peter Schiff and 0:08:47.200 --> 0:08:50.079 his his position on gold, right, um, you know, like 0:08:50.120 --> 0:08:52.720 my kids don't care about gold. They just don't, you know, 0:08:52.840 --> 0:08:54.360 And they don't want to carry around goal. They don't 0:08:54.360 --> 0:08:56.280 want to wear gold, right. They don't even want to 0:08:56.280 --> 0:08:58.560 buy a car for for crying out lot because you know, 0:08:58.600 --> 0:09:01.800 that's just what it is. And so um, so you know, 0:09:01.920 --> 0:09:05.840 the market dynamics are changing, like bitcoin is a goal 0:09:05.920 --> 0:09:07.959 two point oh, like it's it's you know, it's something 0:09:07.960 --> 0:09:09.480 that you can use to transact with and you can 0:09:09.480 --> 0:09:11.360 carry it with you. And when you look at the 0:09:11.400 --> 0:09:14.680 things that young people care about, they care about things 0:09:14.720 --> 0:09:18.560 like instant gratification. They care about things like uh, you know, 0:09:18.600 --> 0:09:20.880 bragging rights or you know, or are being you know, 0:09:20.920 --> 0:09:24.559 getting getting recognized for for certain things that they do. Um. 0:09:24.640 --> 0:09:28.160 They also don't like things like um, you know, uh, 0:09:28.200 --> 0:09:30.400 like obvious ways to lose money, like for example, in 0:09:30.400 --> 0:09:33.400 this in the casino industry. Um, the slots is a 0:09:33.400 --> 0:09:36.360 really good example. You know, the slot machine areas in 0:09:36.360 --> 0:09:39.280 the casino. If you ever walked through, there's more wheelchairs 0:09:39.280 --> 0:09:41.520 and walkers per square foot in the slot machinery than 0:09:41.520 --> 0:09:43.400 anywhere else in the casino. And that's just a you 0:09:43.400 --> 0:09:45.120 can walk through and see it a lot of old 0:09:45.160 --> 0:09:47.920 people and and so what what they're trying to do 0:09:48.000 --> 0:09:50.280 is they trying to make it, you know, more fun 0:09:50.320 --> 0:09:53.200 for young people. So so the first thing they attempt 0:09:53.240 --> 0:09:55.800 to do was was redeem these slot machines with Britney 0:09:55.840 --> 0:09:58.200 spears and pitbull and put big speakers on them. But 0:09:58.280 --> 0:10:00.360 there's still really only hundred and fifty year olds that 0:10:00.400 --> 0:10:03.160 are using these machines. So so then they then they 0:10:03.160 --> 0:10:05.880 started to realize that young people don't want to play 0:10:05.880 --> 0:10:07.800 slots because they know they're going to lose their money. 0:10:07.960 --> 0:10:10.679 They'd rather play skill, they'd rather bet on their own skill. 0:10:11.320 --> 0:10:13.360 So you've got these companies now that are that are 0:10:13.400 --> 0:10:16.480 taking uh, you know, games that people don't like or 0:10:16.600 --> 0:10:18.599 you know, have never heard of, and they're turning it 0:10:18.640 --> 0:10:20.840 into a skill and you can go and play these 0:10:20.880 --> 0:10:23.720 skill based slot machines. But they're missing the point. The 0:10:23.760 --> 0:10:25.840 point is that you know, if you don't. If you 0:10:25.840 --> 0:10:28.280 don't do it around something people love, they're not going 0:10:28.320 --> 0:10:30.880 to play it. So the slot machine area is one 0:10:30.920 --> 0:10:33.760 of the highest revenue generating areas of the casino and 0:10:33.800 --> 0:10:36.040 then it's dying and they can't figure out how to 0:10:36.040 --> 0:10:39.240 fix it, and we believe we know how to fix it. Yeah, 0:10:39.280 --> 0:10:42.280 that's really interesting, So we'll dig into that. So, um, 0:10:42.320 --> 0:10:46.320 just the steps the step off point into that. So 0:10:46.720 --> 0:10:48.800 you know, as a builder, as a you know, as 0:10:48.840 --> 0:10:51.080 an entrepreneur, as a builder, as an investor, right, you 0:10:51.080 --> 0:10:52.679 always want to kind of go with the trend and 0:10:52.720 --> 0:10:55.000 hopefully a little bit early. And so we have this 0:10:55.120 --> 0:10:58.840 really unique intersection like with with gaming switching to like 0:10:59.000 --> 0:11:02.840 online gaming I'm sorry, gambling, and then and then the 0:11:02.840 --> 0:11:05.080 gaming the growth of the e sports, and then you 0:11:05.120 --> 0:11:08.120 have like this cryptocurrency movement, and they're like all three 0:11:08.280 --> 0:11:10.640 kind of converging and you're kind of right there in 0:11:10.679 --> 0:11:13.120 the forefront. So whenever you can pick one of these 0:11:13.160 --> 0:11:14.960 massive trends, I mean, it's a great place to be 0:11:15.000 --> 0:11:17.920 where you can get three converging, it's even better. And 0:11:17.960 --> 0:11:21.959 so you're working with like gaming, which is like, uh, 0:11:22.280 --> 0:11:24.200 games that people are playing on their home consoles, but 0:11:24.240 --> 0:11:26.040 now you're even taking it too, like you're trying to 0:11:26.080 --> 0:11:29.839 disrupt vegas, I guess, or gambling. Right, yeah, we are, 0:11:29.920 --> 0:11:32.640 because we we think that you know, the future of 0:11:32.640 --> 0:11:35.439 supports is changing. So you know, if you look at 0:11:35.480 --> 0:11:38.480 the the median age of a Major League Baseball fan, 0:11:38.559 --> 0:11:41.240 it's about fifty nine years old. Now the medium age 0:11:41.280 --> 0:11:43.680 of a of a PGA tour fan is about eight. 0:11:43.920 --> 0:11:45.680 It might have come down a little bit with Tiger 0:11:45.679 --> 0:11:48.560 woods last win, but but the reality is it's still 0:11:48.640 --> 0:11:52.640 much older. Um. And you know, um, and it's only 0:11:52.640 --> 0:11:56.040 getting older for traditional supports. Yet every day, you know, 0:11:56.080 --> 0:11:58.520 four new E sports fans are born, Like kids start 0:11:58.520 --> 0:12:00.560 out at a very young age playing game games and 0:12:00.559 --> 0:12:02.720 they and as they get older, they continue to play games. 0:12:02.720 --> 0:12:04.520 Like I'm I'm in my mid fourties and I still 0:12:04.520 --> 0:12:07.520 play a ton of games. Um, I'm an anomaly. But 0:12:07.640 --> 0:12:09.600 people that are ten years younger than me are not 0:12:09.640 --> 0:12:11.360 so much an anomaly. They like to play games all 0:12:11.360 --> 0:12:14.760 the time. So so competitive e sports is getting super interesting. 0:12:14.920 --> 0:12:17.160 And I can show you the platform and show you 0:12:17.240 --> 0:12:20.400 exactly how we think about it. But before I do that, um, 0:12:20.440 --> 0:12:23.160 I think, uh, you know, I think you have to 0:12:23.200 --> 0:12:25.960 look at the crypto industry in general, and see what 0:12:25.960 --> 0:12:28.240 what is like We're in the early stages of crypto 0:12:28.360 --> 0:12:31.400 right now, right, so what are the most successful companies 0:12:31.400 --> 0:12:34.959 in crypto at the moment? Yeah, exchanges, right, it's it's 0:12:34.960 --> 0:12:37.959 basically all exchanges at the moment, exchanges and and and 0:12:38.080 --> 0:12:40.160 next thing would be like protocols. But but at the 0:12:40.200 --> 0:12:43.160 end of the day, exchanges are the most successful, you know, 0:12:43.280 --> 0:12:47.080 use case at the moment and um, and you know, 0:12:47.200 --> 0:12:50.720 the reality is that's not sustainable like long term. It 0:12:50.840 --> 0:12:53.120 just means that you know, right now, people all they 0:12:53.160 --> 0:12:54.959 care about is the price of a coin and when 0:12:54.960 --> 0:12:56.680 it's gonna go to the moon, you know, and that 0:12:56.720 --> 0:12:58.840 sort of thing, and just trading and and and these 0:12:58.920 --> 0:13:02.600 these people are are used to crypto. They get it. 0:13:02.760 --> 0:13:05.360 They understand how it works, they understand how to trade it. 0:13:05.600 --> 0:13:08.080 They know that you know what bitcoin dominance means, you know, 0:13:08.120 --> 0:13:09.880 all of that stuff and there, and you know, and 0:13:09.920 --> 0:13:12.920 they know that if bitcoin goes up, generally speaking, the 0:13:13.360 --> 0:13:17.559 tide will rise with all ships. Right. But in seventeen, 0:13:17.840 --> 0:13:21.720 over two thousand coins were created and uh, and and 0:13:21.880 --> 0:13:24.920 you know, percent of those coins are gonna fail. They're 0:13:24.920 --> 0:13:28.560 gonna end up to be nothing and um and right now, 0:13:28.800 --> 0:13:33.400 exchanges back then we're making money by by charging token 0:13:33.440 --> 0:13:36.679 teams big amounts to list on their exchanges, and you know, 0:13:36.800 --> 0:13:39.080 and uh, and they weren't really innovating. In other ways, 0:13:39.600 --> 0:13:42.440 there are exchanges that are innovating though, like Finances innovating, 0:13:42.600 --> 0:13:45.120 Bittrix is innovating. There's a couple of really good exchanges 0:13:45.120 --> 0:13:47.400 out there. They're actually innovating and continue to develop their 0:13:47.440 --> 0:13:51.840 platforms and they know that. It's that the next generation 0:13:51.880 --> 0:13:55.559 of companies of platforms is where where is going to 0:13:55.640 --> 0:13:57.920 help them be more successful and it's going to help 0:13:58.080 --> 0:14:00.680 you know, the industry be more successful. So my point 0:14:00.920 --> 0:14:05.800 is this, right now, uh, crypto is still very nascent. 0:14:06.040 --> 0:14:08.960 It's it's it's it's only working for those who really 0:14:09.000 --> 0:14:12.360 understand crypto. But in order from the mainstream to get involved, 0:14:13.200 --> 0:14:15.200 excuse me, orders, for the mainstream to get involved, it 0:14:15.240 --> 0:14:17.360 has to be way easier. It has to be easier 0:14:17.400 --> 0:14:20.040 for customers to access, has to be easier for customers 0:14:20.040 --> 0:14:23.600 to discover, and there has to be platforms like our platform, 0:14:23.640 --> 0:14:25.880 you know, which is sort of the next level of 0:14:26.240 --> 0:14:30.200 crypto usage and that sort of thing. Right, I definitely 0:14:30.200 --> 0:14:32.360 agree with that and we can study any technology and 0:14:32.360 --> 0:14:34.520 look at the natural evolution, and of course it always 0:14:34.560 --> 0:14:36.200 gets easier. We can talk about how hard it was 0:14:36.240 --> 0:14:38.880 to use the Internet in early nineties. UM. I have 0:14:38.960 --> 0:14:41.280 a question in regards to that. So you talk about 0:14:41.360 --> 0:14:45.720 the exchanges being important. UM. I've heard you discussing with 0:14:45.800 --> 0:14:50.320 other people regulations and how regulations were really loose and 0:14:50.920 --> 0:14:55.000 that obviously leads to lots of problems manipulation. UM. You 0:14:55.080 --> 0:14:57.240 had also kind of talked about how we need more 0:14:57.240 --> 0:15:00.480 clear regulations in the US, UM, and a lack of 0:15:00.520 --> 0:15:04.600 clarity is causing problems. I'm curious though, because you had 0:15:04.640 --> 0:15:07.040 also said, you know, the regulations are old, right, I 0:15:07.080 --> 0:15:09.760 mean they're from the thirties and forties, and how can 0:15:09.800 --> 0:15:11.840 they really apply to this new technology? And this new 0:15:11.880 --> 0:15:15.040 technology doesn't fit into these buckets. So I was thinking 0:15:15.080 --> 0:15:19.520 specifically about your platform, and um who had mentioned how 0:15:19.560 --> 0:15:22.400 I think maybe now users outside the US can buy 0:15:22.400 --> 0:15:26.520 your tokens directly off of Batrix, right, Yeah, So I'm 0:15:26.560 --> 0:15:28.800 thinking about like a gaming platform, like if I were 0:15:28.840 --> 0:15:31.680 to go to David Busters, where I go to uh, 0:15:31.760 --> 0:15:35.760 you know, Chuck E Cheese, I buy the tokens from them, 0:15:35.840 --> 0:15:38.240 and then I used them there to play their games. 0:15:39.600 --> 0:15:42.440 I guess the regulations make it so you can't sell 0:15:42.480 --> 0:15:46.960 tokens directly, and that seems like a problem. Well, look, 0:15:47.000 --> 0:15:50.600 there's a lot of problems with the regulations the you know, 0:15:50.640 --> 0:15:52.920 the the biggest problem that I see, just generally speaking 0:15:52.960 --> 0:15:55.640 as a theme, it's being in the US and crypto 0:15:55.840 --> 0:15:59.360 is is it like sucks. It's hard, and it's hard 0:15:59.400 --> 0:16:02.120 because of the lack of regulatory clarity. Look, I'm in 0:16:02.160 --> 0:16:04.280 the gambling industry, I mean, one of the most regulated 0:16:04.280 --> 0:16:06.600 industries on Earth, and I deal with regulators on a 0:16:06.680 --> 0:16:10.400 regular basis, and they're awesome. In the gambling industry, there's clarity, 0:16:10.480 --> 0:16:13.760 there's rules, We follow them. Once we follow them, you 0:16:13.760 --> 0:16:16.200 you you get access to markets like you wouldn't believe, 0:16:16.240 --> 0:16:19.200 it's amazing. But in the crypto industry, because of the 0:16:19.280 --> 0:16:22.040 lack of regulation and because there's people trying to take 0:16:22.080 --> 0:16:25.400 old laws and then and then adding you know, their 0:16:25.560 --> 0:16:28.880 their opinions to it underneath those old laws. Um, it's 0:16:28.920 --> 0:16:31.000 just like what the heck? You know, how how how 0:16:31.040 --> 0:16:33.520 on earth are we gonna build the next generation Internet 0:16:33.560 --> 0:16:36.360 from the US? Like back you know, back in in 0:16:36.480 --> 0:16:39.880 two thousands, when when you know, Amazon and and you know, 0:16:39.920 --> 0:16:41.800 and then later on Facebook and Twitter and all these 0:16:41.800 --> 0:16:44.360 other companies have come up, and Uber and whatever. These 0:16:44.360 --> 0:16:46.760 companies came up in a market where you know, they 0:16:46.760 --> 0:16:49.520 were allowed to innovate. But some of these companies dealt 0:16:49.560 --> 0:16:51.560 with you know, hell when it came to regulation. Like 0:16:51.600 --> 0:16:54.200 think about think about what Uber has to go through, 0:16:54.480 --> 0:16:57.160 you know, dealing with taxi lobbies and and and you 0:16:57.200 --> 0:16:59.360 know governments, you know trying to take them down and 0:16:59.440 --> 0:17:01.840 municipalities and corruption. They have to deal with that on 0:17:01.840 --> 0:17:05.879 an everyday basis. Lift same thing, Tesla, same thing Tessa, 0:17:06.000 --> 0:17:08.520 you know, coming in and building the first electric car, 0:17:08.680 --> 0:17:11.320 having to deal with dealers, auto dealers and the auto 0:17:11.359 --> 0:17:14.159 dealer lobby, and then energy companies trying to shut them 0:17:14.200 --> 0:17:16.760 down while they're building up this this huge energy network. 0:17:16.920 --> 0:17:18.920 I mean, they have to go through hell in order 0:17:18.960 --> 0:17:22.159 to to build their business. And now in crypto and 0:17:22.200 --> 0:17:24.360 it's sort of the same thing. But but there's other 0:17:24.400 --> 0:17:28.000 countries out there that are practically begging us to go 0:17:28.200 --> 0:17:31.679 and build there and and we've had to shift. Um, 0:17:31.720 --> 0:17:34.240 you know, most of our team outside of the US, 0:17:34.240 --> 0:17:38.320 like of our people is outside the US. Most of 0:17:38.320 --> 0:17:41.880 my most of my uh my management team, my CFO CEO, 0:17:42.320 --> 0:17:45.560 head of product, like, they're all in Australia in Sydney. Um, 0:17:46.200 --> 0:17:49.680 most of our developers, you know under under our ct 0:17:49.800 --> 0:17:54.160 O Daniel, they're in Croatia, Berlin and uh and polland um. 0:17:54.200 --> 0:17:55.840 You know, I've got a I've got a head of 0:17:55.880 --> 0:17:58.320 marketing in New York with a couple of content people, 0:17:58.440 --> 0:18:00.480 have a few content people in Lass Day guess, and 0:18:00.480 --> 0:18:02.800 then there's me in Seattle. But you know, it's just 0:18:02.920 --> 0:18:06.760 it's hard to be being here. Yeah. Yeah. I've often 0:18:06.800 --> 0:18:08.919 said that if the right brothers had to go to 0:18:08.960 --> 0:18:10.720 the city to get a permit to fly the airplane, 0:18:10.720 --> 0:18:13.040 it probably never would have happened, right, and it and 0:18:13.040 --> 0:18:15.440 it just creates this drag. And one thing that I've 0:18:15.440 --> 0:18:17.479 observed kind of like what you're saying is really, if 0:18:17.480 --> 0:18:19.879 you look at the last twenty years, you know, in 0:18:19.920 --> 0:18:22.280 the in the markets, the stock markets, the US is 0:18:22.320 --> 0:18:24.479 still like the leader in the world. And but if 0:18:24.520 --> 0:18:26.160 you really look at the stocks, it's really the tech 0:18:26.200 --> 0:18:28.000 stocks that have carried everything and most of other stocks 0:18:28.040 --> 0:18:30.119 have stayed flat. And if we had missed out on 0:18:30.160 --> 0:18:32.920 that boom, how different today would be. And now what 0:18:32.960 --> 0:18:35.359 you're saying, and I'm seeing as well, is that we're 0:18:35.560 --> 0:18:38.280 potentially going to miss out. We could miss out on 0:18:38.359 --> 0:18:42.320 this next boom. And that's uh, that's a scary thought. Yeah, 0:18:42.359 --> 0:18:44.520 and I and I and I think there's there's you know, 0:18:44.600 --> 0:18:47.199 a good chance of that happening. I already see you know, 0:18:47.280 --> 0:18:51.359 some really innovative platforms like leaving you know, UM, I 0:18:51.400 --> 0:18:53.520 don't you know, I don't want to call it anyone specifically, 0:18:53.560 --> 0:18:55.919 but I think this is important. You know, if you 0:18:55.960 --> 0:18:59.000 look at um interested as an example, right, this is 0:18:59.040 --> 0:19:02.280 a company that that is doing everything they can to 0:19:02.359 --> 0:19:04.480 abide by the laws in the US. Their U S 0:19:04.480 --> 0:19:07.640 based company. They're proud US based company. They've got they've 0:19:07.680 --> 0:19:11.320 got licenses in almost every state, money transmission licenses, their 0:19:11.920 --> 0:19:16.439 money UM, their money uh, you know UM an MSB 0:19:16.560 --> 0:19:20.280 SO money services business UM and uh. And they're trying 0:19:20.280 --> 0:19:22.560 to build like a trading platform and then in the future, 0:19:23.040 --> 0:19:25.320 very near future, they want to launch an a t S, 0:19:25.359 --> 0:19:27.600 like an alternative trading system where you can trade you know, 0:19:27.640 --> 0:19:30.280 token ized securities in the US. So they're proud of 0:19:30.320 --> 0:19:32.560 everything they've built. But in the meantime, you've got these 0:19:32.560 --> 0:19:35.080 regulators like the New York dfs that really came down 0:19:35.119 --> 0:19:38.119 hard on them, you know, uh and um, and you 0:19:38.160 --> 0:19:40.439 know kind of like if you if you broadly look 0:19:40.480 --> 0:19:42.080 at it, I think everyone would agree it was kind 0:19:42.080 --> 0:19:44.919 of unfair given the fact that you know, they have 0:19:45.080 --> 0:19:47.919 been you know, Crypto basically came out of nowhere, right 0:19:47.960 --> 0:19:50.080 and the success of the platforms came out of nowhere. 0:19:50.280 --> 0:19:52.119 And they've been applying you know, things like k y 0:19:52.200 --> 0:19:55.120 C and m L over the last couple of years. Um, 0:19:55.240 --> 0:19:57.600 and you know, this is like a very new space. 0:19:57.880 --> 0:20:00.000 And and so the New York THEFENS comes after them, 0:20:00.040 --> 0:20:02.560 you know, takes away their their bit license in New York. 0:20:02.600 --> 0:20:04.439 So fine, they pull out in New York. But in 0:20:04.440 --> 0:20:07.000 the meantime, you've got exchanges that operate outside of the law, 0:20:07.040 --> 0:20:09.320 outside of the US and do whatever the heck they want, 0:20:09.600 --> 0:20:11.639 you know, and no one does anything about it, you know. 0:20:11.720 --> 0:20:14.560 And and so they're they're going after really get American company, 0:20:14.800 --> 0:20:16.800 and you know what they're doing, they're just pushing them out, 0:20:16.960 --> 0:20:19.680 like they're they're basically saying, you know, you're you're out 0:20:19.680 --> 0:20:21.600 of New York. Like you know, what are these guys 0:20:21.600 --> 0:20:23.080 gonna do? Are they gonna stay here or do they 0:20:23.080 --> 0:20:25.200 even care, Like, you know, at the end of the day, 0:20:25.240 --> 0:20:27.359 why would you write? And so I just think of 0:20:27.440 --> 0:20:29.360 that as an example, and I think, you know, yes, 0:20:29.400 --> 0:20:31.720 they should continue to to to fight and you know, 0:20:31.800 --> 0:20:35.120 work here and try and make it work. Look, regulators job. 0:20:36.080 --> 0:20:39.560 I like the idea of a regulators there to protect consumers, 0:20:39.840 --> 0:20:41.800 but they shouldn't be there to stifle innovation. And I 0:20:41.840 --> 0:20:44.560 think there's a fine line. Yeah, And it's just trying 0:20:44.600 --> 0:20:47.240 to figure out how to apply to this new technology, 0:20:47.440 --> 0:20:49.600 Like you're going to the gaming space. If I buy 0:20:49.760 --> 0:20:52.760 chips at a casino and I decided to sell them, 0:20:52.880 --> 0:20:56.320 that doesn't create a taxable event. If I earn points 0:20:56.320 --> 0:21:00.879 at Target or American Airlines, that doesn't create a taxable event. 0:21:01.119 --> 0:21:04.080 And that's essentially what a lot of these utility tokens are. Um. 0:21:04.119 --> 0:21:06.760 But there's you know, really seems like clamping down and 0:21:06.840 --> 0:21:09.560 holding back all that innovation, which is a lot of 0:21:09.640 --> 0:21:12.320 it's applical to the current things that we already have today, 0:21:12.359 --> 0:21:15.639 which is which is h which is definitely stifling. I 0:21:15.720 --> 0:21:20.240 can see that. Um. So as far as Unicorn, let's 0:21:20.240 --> 0:21:22.040 get into that a little bit, because I'm really interested, 0:21:22.080 --> 0:21:27.000 Like I said, you're really at this intersection of gaming. Um. Interesting, right, 0:21:27.040 --> 0:21:30.040 even in the US as as stifling as the regulations maybe, 0:21:30.080 --> 0:21:33.280 I think they've repealed a lot of that game gambling, right, 0:21:33.320 --> 0:21:36.159 so they've opened that up a lot for you as well. Um, 0:21:36.160 --> 0:21:38.400 So you have the gambling that's kind of coming back. Um, 0:21:38.480 --> 0:21:41.040 you have the e sports which is growing massive, and 0:21:41.080 --> 0:21:43.760 then you have this ability to incorporate blockchain. So let's 0:21:43.800 --> 0:21:46.720 talk about Unicorn a little bit and how you're positioning 0:21:46.760 --> 0:21:50.399 there and uh, really, what where are you trying to go? 0:21:50.520 --> 0:21:52.760 Is it the gaming or is it the gambling or 0:21:52.800 --> 0:21:55.120 is there an intersection there of both? Let me show 0:21:55.160 --> 0:21:58.920 you so can you see my screen? I do? Yeah? Okay, great, 0:21:59.680 --> 0:22:03.840 So the his Unicorn. Um. When when we started unicorneen, 0:22:03.880 --> 0:22:06.439 we raised ten million dollars with people like Mark Cuban, 0:22:06.560 --> 0:22:09.880 Ashton Chricher, Sherry Redstone, Liz Murdock, and we set out 0:22:09.920 --> 0:22:14.240 to build a platform for for betting on the sports 0:22:14.240 --> 0:22:16.880 similar to betting on sports. And the way we did 0:22:16.880 --> 0:22:19.720 it was we we said, let's go create the most 0:22:19.720 --> 0:22:23.040 comprehensive sports book we can on e sports and will 0:22:23.119 --> 0:22:27.480 connect to to betting operators back ends. In other words, 0:22:27.760 --> 0:22:30.240 we wanted to create a beautiful interface for betting on 0:22:30.320 --> 0:22:32.320 the sports. But we didn't want to deal with the 0:22:32.320 --> 0:22:35.440 regulatory issues, the legal issues, UH the k y C 0:22:35.640 --> 0:22:38.240 and m L. We'll let the gambling operators do that 0:22:38.400 --> 0:22:40.560 and we'll create the front end for them. So TAB 0:22:40.640 --> 0:22:43.159 for the largest betting operator in Australia. They're like a 0:22:43.160 --> 0:22:46.760 fifteen billion dollar company. They invested in US and UH 0:22:46.800 --> 0:22:50.440 and they they they worked with us to develop to 0:22:50.440 --> 0:22:54.320 to to let us develop our platform and and test 0:22:54.320 --> 0:22:57.199 the efficacy of our sports book on their license. The 0:22:57.320 --> 0:22:59.760 problem was that users would come to the platform, they'd 0:22:59.760 --> 0:23:01.760 sign in and then the minute they go to place 0:23:01.760 --> 0:23:03.479 a bet, they'd have to like they have to go 0:23:03.560 --> 0:23:06.840 through this our kick process of k y C and 0:23:06.880 --> 0:23:08.960 sometimes they have to mail in passport. Sometimes they have 0:23:09.040 --> 0:23:11.359 the facts information like what the heck the facts like. 0:23:11.440 --> 0:23:13.879 It was horrible and it was a totally broken experience 0:23:14.440 --> 0:23:17.640 and so um so so what we did was we 0:23:18.200 --> 0:23:19.800 I'll go over the sports book in the product in 0:23:19.800 --> 0:23:22.000 a minute, but what we did was we created something 0:23:22.080 --> 0:23:26.280 called the Unicorn, and the unicorin was our way of 0:23:26.280 --> 0:23:29.240 of of creating a product that allowed customers to come 0:23:29.280 --> 0:23:32.520 to the platform and earn a token that they could 0:23:32.600 --> 0:23:35.119 use on the platform anywhere in the world. Um and 0:23:35.119 --> 0:23:38.840 it allowed us to develop our you know, um uh, 0:23:39.000 --> 0:23:41.480 test the efficacy of our sports book, and develop a 0:23:41.480 --> 0:23:44.120 platform that had a token economy in it. And this 0:23:44.119 --> 0:23:46.800 was in two thousand and fifty. So what happens is 0:23:47.680 --> 0:23:50.520 customers can connect their League of Legends account ce us go, 0:23:51.280 --> 0:23:53.400 they can We just low key launch Halo. By the way, 0:23:53.400 --> 0:23:55.600 no one knew this, but we launched on Monday, so 0:23:55.720 --> 0:23:58.399 you're the first seeing it. Fortnite, whatever. You can connect 0:23:58.400 --> 0:24:00.640 these game accounts to the platform, and then you earn 0:24:00.760 --> 0:24:04.119 tokens that you play and win games. And in the meantime, 0:24:04.640 --> 0:24:08.080 Unicorn was collecting data and handing and putting handicaps on 0:24:08.160 --> 0:24:11.280 users and we've been doing this for for years. So 0:24:11.280 --> 0:24:13.840 so we did that, and and then we allow so 0:24:13.880 --> 0:24:17.240 I can connect my Fortnite or Halo game to the console, 0:24:17.560 --> 0:24:19.960 and then I can bet on events that are happening 0:24:19.960 --> 0:24:22.320 inside the game right exactly, And I'll tell you about 0:24:22.320 --> 0:24:24.440 that in a second. So, so the bottom line is 0:24:24.480 --> 0:24:26.679 we wanted to create a token economy. We wanted to 0:24:26.720 --> 0:24:29.439 do it with a token that couldn't be transferred or sold, 0:24:29.680 --> 0:24:32.359 so that we could operate in markets all around the world, 0:24:32.560 --> 0:24:35.520 right and and and what that led to was us 0:24:35.880 --> 0:24:38.480 going back to our our partner, Tap Corps and saying, look, 0:24:38.480 --> 0:24:41.040 you know, we've got we've got problems. You know this, 0:24:41.040 --> 0:24:42.879 this is not a sustainable business for us to have 0:24:42.920 --> 0:24:45.240 to go through five different lawyers every time we want 0:24:45.240 --> 0:24:47.000 to add a new game or a new title. We 0:24:47.040 --> 0:24:49.359 should you know, we need to separate. And they agree. 0:24:49.600 --> 0:24:52.240 They said, we're slowing you down. Uh, go and get 0:24:52.240 --> 0:24:54.879 your own license and uh and you'll have to get 0:24:54.880 --> 0:24:57.439 a new back end that will support your platform. So 0:24:58.320 --> 0:25:00.479 I'm trying to make this as easy to understand as possible. 0:25:00.480 --> 0:25:03.520 There are three different types of betting. There's there's sports betting, 0:25:03.680 --> 0:25:06.080 which is where you, um, you bet on your you 0:25:06.400 --> 0:25:11.000 bet on watching other people play so um uh so. 0:25:11.000 --> 0:25:13.640 So basically, if I'll just show you what sports betting 0:25:13.640 --> 0:25:15.760 looks like, so E sports betting is. This is an 0:25:15.760 --> 0:25:18.960 E sports event. It's happening somewhere in the world. It's 0:25:19.040 --> 0:25:22.399 E E S E A UM and this event is 0:25:22.440 --> 0:25:25.840 a is a professional event. These two teams x X 0:25:25.920 --> 0:25:28.280 comment Pro one are playing against each other right now. 0:25:28.560 --> 0:25:31.960 And here's the odds. You can bet live you know, 0:25:32.040 --> 0:25:34.280 you can bet on on exotic bets, so you can 0:25:34.280 --> 0:25:37.320 bet on things like special markets over under his handicap 0:25:37.400 --> 0:25:42.080 markets while watching the match. Okay, this is your typical, uh, 0:25:42.880 --> 0:25:46.040 you know, sports betting type system where you would be 0:25:46.040 --> 0:25:48.199 no different than really betting on a football game. But 0:25:48.920 --> 0:25:51.440 it's just it's more kind of virtual. It's e sports 0:25:51.480 --> 0:25:54.520 instead of actual sports. Right, and what's cool is that 0:25:54.560 --> 0:25:56.400 you know you can bet on this. We're using coins, 0:25:56.600 --> 0:25:58.919 so you can bet on this with different currencies, but 0:25:59.000 --> 0:26:00.800 you can also bet on it you in your UKG 0:26:01.440 --> 0:26:03.560 and and and U KG is something that we give 0:26:03.600 --> 0:26:06.560 bonus bets for. We've built an ecosystem where people can 0:26:06.600 --> 0:26:09.400 earn tokens on the platform, they can participate in jack 0:26:09.440 --> 0:26:11.639 potts and they can bet with it. Now, this is 0:26:11.680 --> 0:26:13.359 just one type of betting, and I just want to 0:26:13.400 --> 0:26:17.240 show you how how expansive this really is. So not 0:26:17.320 --> 0:26:20.440 only can you bet on live games, but as of Monday, 0:26:20.560 --> 0:26:24.000 you can now bet on streamers. So on Unicorn, we 0:26:24.080 --> 0:26:26.639 have this thing where okay, Dr Lupo's offline right now, 0:26:26.680 --> 0:26:29.040 so let me go to this. So here's this. This 0:26:29.080 --> 0:26:32.040 guy is streaming right now. Um, he's a you know, 0:26:32.160 --> 0:26:35.840 professional player, um and uh, and he's streaming at the 0:26:35.880 --> 0:26:37.760 moment and we're picking up his stream and then we're 0:26:37.760 --> 0:26:41.080 putting odds on him. Lawya is a streamer from Germany, 0:26:41.520 --> 0:26:45.520 so she's pretty popular. She's playing Fortnite and these odds 0:26:45.560 --> 0:26:50.080 are being created live as she streams. So, um, so 0:26:50.600 --> 0:26:54.000 are you creating those odds? I mean you're your platforms. Yeah. 0:26:54.000 --> 0:26:57.040 So what's cool is normally you'd have a person watching 0:26:57.160 --> 0:27:00.840 Lawya play and creating the odds manually, but that's completely 0:27:00.840 --> 0:27:04.399 not scalable. So what we've done is we've we've created 0:27:04.400 --> 0:27:06.760 these AI trading bots. Over the last year, we created 0:27:06.800 --> 0:27:10.040 AI trading bots that uses computer vision technology and predictive 0:27:10.080 --> 0:27:13.000 analytics to come up with these odds live and so 0:27:13.160 --> 0:27:16.720 as as this game progresses, these odds will refresh themselves 0:27:16.720 --> 0:27:19.160 based on what's happening in the game. So you can 0:27:19.240 --> 0:27:21.480 watch your favorite streamer when they come on live and 0:27:21.520 --> 0:27:23.399 you can bet on them. So right now, we have 0:27:23.440 --> 0:27:25.960 about ten streamers on the platform. You know, we put 0:27:26.080 --> 0:27:28.399 Ninja on. We put basically the top streamers that we 0:27:28.520 --> 0:27:32.120 like and um, and we're you know, as they come 0:27:32.119 --> 0:27:34.240 on live, it'll pick it up and it'll automatically bring 0:27:34.320 --> 0:27:36.040 them up. So right now you see LAYA one that one, 0:27:36.320 --> 0:27:38.680 So the next odds just refreshed for the next round, 0:27:38.840 --> 0:27:40.560 and now you can place the bet on her next 0:27:40.640 --> 0:27:44.040 round if you want for her to lose or to win. Okay, 0:27:44.200 --> 0:27:48.720 yeah now, um, now this is all e sports betting. 0:27:48.760 --> 0:27:51.400 So this is basically you know, you watching a match 0:27:51.440 --> 0:27:54.240 and placing a bet, which is highly regulated and requires 0:27:54.240 --> 0:27:56.680 a license. By the way, we also created a betting 0:27:56.720 --> 0:27:59.680 game called virtual Betting. This is a game where we've 0:27:59.680 --> 0:28:03.440 taken historical match data and we've given people the opportunity 0:28:03.480 --> 0:28:06.280 to bet every minute, almost every minute or every two 0:28:06.280 --> 0:28:09.240 minutes of every day on a historical round. So in 0:28:09.320 --> 0:28:12.720 other words, what you see is you're presented with a 0:28:12.800 --> 0:28:16.560 historical match that happened where this team Whoredell and Friends 0:28:16.640 --> 0:28:20.520 lost fourteen to sixteen to Russia and um. And what 0:28:20.560 --> 0:28:22.520 it does is it's going to bring up a random 0:28:22.640 --> 0:28:24.840 round within that match. So you get to bet on 0:28:24.840 --> 0:28:26.960 that random round, and you get to choose if it's 0:28:26.960 --> 0:28:28.840 gonna be an odd or even around, you get to 0:28:28.880 --> 0:28:30.760 bet on the correct kills, whether the bomb will be 0:28:30.800 --> 0:28:34.800 exploded or diffused and um. And then once the match starts, 0:28:35.119 --> 0:28:36.600 it tells you which round it was, and you just 0:28:36.680 --> 0:28:39.440 kind of watch it. It's like seven betting game, and 0:28:39.560 --> 0:28:41.480 there's gonna be a bunch of different titles that we 0:28:41.480 --> 0:28:43.480 add to this, and then all of you's done in 0:28:43.520 --> 0:28:47.280 the unicoin. This is all done in unicoins and and 0:28:47.280 --> 0:28:50.719 and so un coins or or or dollars. But you know, 0:28:51.400 --> 0:28:54.280 people like to bet with both um, but they typically 0:28:54.280 --> 0:28:56.200 like to bet with unicorns because we you know, there's 0:28:56.240 --> 0:28:57.960 so many ways to earn the coins and use the 0:28:58.000 --> 0:29:00.520 coins on the platform that they like bet with it. 0:29:00.760 --> 0:29:03.160 But right now you see that the betting stopped. It 0:29:03.200 --> 0:29:06.040 tells you round twelve was selected. So even if you're 0:29:06.040 --> 0:29:09.000 an E sports historian, you wouldn't have known that round 0:29:09.040 --> 0:29:11.200 twelve would be selected until the bets have stopped. And 0:29:11.240 --> 0:29:12.960 now you watch it and you can place your bets 0:29:13.440 --> 0:29:15.040 or you can sorry, you can watch the match and 0:29:15.080 --> 0:29:17.560 see if you want to or not. So so hold on, 0:29:17.760 --> 0:29:19.520 let me just explain that. So so basically that's the 0:29:19.680 --> 0:29:22.240 sports betting. So that's one type of betting. The second 0:29:22.280 --> 0:29:24.360 type of betting in E sports that makes it super 0:29:24.400 --> 0:29:27.240 interesting is skill betting. So remember when I said people 0:29:27.280 --> 0:29:29.960 can connect their favorite game to the platform. The reason 0:29:30.040 --> 0:29:31.840 we did that was because we wanted people to be 0:29:31.880 --> 0:29:34.840 able to bet on their own skill. So if you 0:29:34.920 --> 0:29:38.120 play Fortnite, for example, you can come to the Unicorn 0:29:38.120 --> 0:29:41.320 platform and you can connect your PC, your PS four, 0:29:41.360 --> 0:29:43.959 your Xbox account to the platform. You can lock it 0:29:44.000 --> 0:29:46.920 in and then when you do that, it actually produces 0:29:46.960 --> 0:29:51.280 odds on certain outcomes. So in a typical um, in 0:29:51.320 --> 0:29:54.600 a typical betting environment on video games, you would bet 0:29:54.640 --> 0:29:56.560 against me and you'd have to wait for me to 0:29:56.560 --> 0:29:58.640 get online. You know, we'd have to plan a time 0:29:58.680 --> 0:30:00.360 and bet against each other. It's just on a good 0:30:00.360 --> 0:30:02.880 business model because you get that poker effect that I 0:30:02.920 --> 0:30:05.560 talked about earlier where people disappear and they don't want 0:30:05.600 --> 0:30:07.840 to come back. So what we did was we created 0:30:07.880 --> 0:30:10.400 odds on users where you can bet any time of 0:30:10.440 --> 0:30:13.160 the day, anytime you want, instantly. So I play League 0:30:13.160 --> 0:30:15.480 of Legends and if I want to bet on myself 0:30:15.480 --> 0:30:17.360 where I think I can win my next rank game 0:30:17.520 --> 0:30:19.880 under one one point five deaths and and a win, 0:30:20.240 --> 0:30:22.600 I get five point nine my odds. So if i'd 0:30:22.640 --> 0:30:25.920 max bet here at seventy uk G, I can win 0:30:26.000 --> 0:30:28.520 twelve thousand UKG and I just had to place my 0:30:28.600 --> 0:30:30.920 bet and then go and play the game. This is 0:30:31.000 --> 0:30:33.959 skill betting, and this is legal in forty one states 0:30:33.960 --> 0:30:36.320 in the US, and it's all do you how do 0:30:36.360 --> 0:30:40.720 you prevent people like sandbagging? And uh, it's it's really simple. 0:30:40.760 --> 0:30:44.440 So we've got really sophisticated uh K y C systems 0:30:44.480 --> 0:30:46.680 in place and um and we do a lot of 0:30:46.680 --> 0:30:49.200 tracking on the blockchain to see how coins are moved. Like, 0:30:49.240 --> 0:30:51.720 there's things that we do to basically know who a 0:30:51.840 --> 0:30:54.040 user is and where they're playing from. If they try 0:30:54.080 --> 0:30:56.160 to open up another account or they try and have 0:30:56.280 --> 0:30:58.640 like you know, Ninja sit in their seats, will know 0:30:58.840 --> 0:31:00.960 right away and we can to lock down their odds 0:31:01.080 --> 0:31:03.840 or just ban the account completely. So people don't want 0:31:03.840 --> 0:31:06.200 it to do that. People have certainly tried. I mean, 0:31:06.440 --> 0:31:08.520 we only launched this thing at the end of December 0:31:08.880 --> 0:31:11.680 and we haven't done a dime of advertising. People are 0:31:11.760 --> 0:31:14.480 using it and we're finding ways to plug holes. But 0:31:14.600 --> 0:31:17.240 now that we're ready, uh, now that we just added 0:31:17.280 --> 0:31:20.040 Halo five for the platform, we're ready to start putting 0:31:20.080 --> 0:31:22.240 some money into advertising and getting people to play this 0:31:22.280 --> 0:31:24.880 on a on a daily basis. So this is skill 0:31:24.920 --> 0:31:27.840 betting and then the last type of betting is casino betting. 0:31:27.880 --> 0:31:30.080 You can't see casino here because I'm in the US, 0:31:30.160 --> 0:31:32.120 but there's other markets where you can see it on 0:31:32.160 --> 0:31:36.680 the platform, other markets outside the US. Correct, correct, and 0:31:36.720 --> 0:31:39.920 that would be more traditional casino gambling, whether they be 0:31:39.960 --> 0:31:42.960 card games or things like that. Correct. And I know, 0:31:43.120 --> 0:31:45.280 I know one of the big things that's plagged online 0:31:45.320 --> 0:31:48.760 gaming in the past is not uh knowing if the 0:31:49.160 --> 0:31:52.239 if the online casino has been truthful, right, so like 0:31:52.280 --> 0:31:55.600 basically the games or poker games could be stacked against 0:31:55.600 --> 0:31:57.480 you or whatever. So are you guys doing something to 0:31:57.520 --> 0:32:00.720 address that? Yeah? Well, well number one is there's just 0:32:00.880 --> 0:32:03.160 two places in the world, or that's actually three places 0:32:03.160 --> 0:32:07.640 in the world that have like really good gambling licenses Gibraltar, Malta, 0:32:07.760 --> 0:32:10.320 and Island Man. Those are the three most respected jurisdictions 0:32:10.320 --> 0:32:15.240 in the world. Um uh Unicorn has a license in Maltown. 0:32:15.280 --> 0:32:17.200 We have a license in the Island Man. The thing 0:32:17.360 --> 0:32:21.640 is um when we got our license, we when in 0:32:21.680 --> 0:32:24.680 the Island Man. We're very specific that you know in 0:32:24.680 --> 0:32:28.200 In two thousand and sixteen, we started to uh explore 0:32:28.240 --> 0:32:30.720 and build on blockchain. We started to test on blockchain 0:32:31.040 --> 0:32:33.560 and the reason we did that was because we already 0:32:33.560 --> 0:32:38.840 had the unicoroin economy going UM and and we wanted 0:32:38.920 --> 0:32:41.520 to expand across Europe and we had to deal with 0:32:41.560 --> 0:32:45.200 traditional banks. The problem with traditional banks is in this business, 0:32:45.200 --> 0:32:47.400 it's really expensive and it's really hard to deal with 0:32:47.480 --> 0:32:50.560 multiple currencies. Uh. You know, it's a very old, stodgy 0:32:50.640 --> 0:32:55.280 kind of business. It's slow. Um, it's just hard. So 0:32:55.280 --> 0:32:58.480 so we asked our investors to UH to make recommendations 0:32:58.520 --> 0:33:00.520 to banks that they could connect us to. And Mark 0:33:00.560 --> 0:33:03.360 Cuban emailed instantly and said, you guys should start building 0:33:03.360 --> 0:33:05.920 on blockchain because you know, the future, you may not 0:33:06.000 --> 0:33:08.840 even need banks, right and and uh and so we 0:33:08.880 --> 0:33:11.560 did that. We basically studied why blockchain would make sense 0:33:11.920 --> 0:33:14.400 being in a highly regulated basis like ours with m 0:33:14.520 --> 0:33:16.360 L and k y C. There really is no better 0:33:16.400 --> 0:33:19.600 way to do wallet tracking than through the blockchain and 0:33:19.720 --> 0:33:21.640 UH and so we started to build on blockchain at 0:33:21.640 --> 0:33:25.240 that time. And when we did that, um In came along. 0:33:25.440 --> 0:33:28.120 We already had enough usage on the unit cooin platform 0:33:28.200 --> 0:33:30.280 that you know, we decided to create unicoin Bowl, the 0:33:30.280 --> 0:33:33.560 crypto version of our of our token, and UM we 0:33:33.600 --> 0:33:36.160 approached the Alaman and said, look, you know, we want 0:33:36.160 --> 0:33:38.400 to get a license, but but we need a license 0:33:38.440 --> 0:33:41.080 for crypto, not just be it like we're we're you know, 0:33:41.120 --> 0:33:43.360 we're a crypto company. We want a license for crypto. 0:33:43.400 --> 0:33:46.640 And so it took a year. We're now the only 0:33:46.680 --> 0:33:49.160 company on Earth with a license from the Island Man 0:33:49.160 --> 0:33:53.320 for online casino, live sports betting, live e sports betting, 0:33:53.600 --> 0:33:56.520 and our skill betting platform, you Mode. They even gave 0:33:56.560 --> 0:33:59.520 us a license for streamer betting and virtual betting that 0:33:59.520 --> 0:34:01.760 we created it and we launched this week. So we 0:34:01.840 --> 0:34:05.560 have the most comprehensive license on Earth for for crypto betting. 0:34:05.640 --> 0:34:07.640 And is that record? Is that? I mean, they gave 0:34:07.680 --> 0:34:09.600 that to you, but is that recognized by most of 0:34:09.600 --> 0:34:11.960 the other countries. Yeah, it is, it's recognized. I mean 0:34:12.040 --> 0:34:14.759 the element is a is a pretty generic license in 0:34:14.760 --> 0:34:17.360 the sense that you know, it shows that you're regulated 0:34:17.600 --> 0:34:19.799 and then you know, each country that you go to, um, 0:34:19.840 --> 0:34:21.399 you know, you just have to deal with the local laws. 0:34:21.480 --> 0:34:24.720 So so we're we're rolling out at about thirty five 0:34:24.800 --> 0:34:28.080 or thirty six countries over you know, the past few 0:34:28.120 --> 0:34:31.480 months and then the following months. Um, we're we're doing 0:34:31.480 --> 0:34:35.400 sort of a slow rollout because you know, there's complexities 0:34:35.440 --> 0:34:37.680 like in the US, for example, we can only launch 0:34:37.719 --> 0:34:40.040 you Mode in forty one states, but we can't launch 0:34:40.080 --> 0:34:42.320 sports book yet because in the U S it's regulated 0:34:42.360 --> 0:34:44.920 state by state. You have to have a local casino partner. 0:34:45.000 --> 0:34:48.160 Blah blah blah. But but I'll tell you this, every 0:34:48.200 --> 0:34:51.239 you know, every major casino operator, especially after our launch 0:34:51.280 --> 0:34:53.799 of streamer betting and and virtual betting, they all want 0:34:53.800 --> 0:34:55.960 to partner with us. The largest casinos in the world 0:34:55.960 --> 0:34:57.719 are calling us now and saying, how do we get 0:34:57.760 --> 0:35:00.080 you in the US. What do we need to do? So, 0:35:00.080 --> 0:35:02.560 so we'll launch in the US this year. Um, it's 0:35:02.600 --> 0:35:05.120 just but the US isn't even the biggest markets. The 0:35:05.120 --> 0:35:08.680 biggest markets are across Europe, Latin America, Southeast Asia. Like, 0:35:08.719 --> 0:35:10.560 there's tons of places that we can go to that 0:35:10.600 --> 0:35:13.120 we're rolling out in and um, and we just have 0:35:13.200 --> 0:35:14.759 a lot of work to do to get there. I 0:35:14.760 --> 0:35:17.680 mean the work we have to do is things like localization. 0:35:17.840 --> 0:35:20.000 You know, first of all, making it easier to bet 0:35:20.000 --> 0:35:23.680 on the platform, uh, you know, localization in terms of languages. 0:35:24.080 --> 0:35:26.239 And then and then the most important thing is making 0:35:26.320 --> 0:35:28.759 crypto easier and and that's sort of where I went 0:35:28.800 --> 0:35:31.640 to before. Where crypto right now is easy for traders 0:35:31.680 --> 0:35:35.400 like you to get on finance or patricks and trade coins, 0:35:35.640 --> 0:35:38.400 but it's really hard for users who don't understand crypto 0:35:38.480 --> 0:35:40.759 how to you know, how to move it around. So yeah, 0:35:40.800 --> 0:35:43.040 exactly back to the Dave and Busters analogy. If I 0:35:43.080 --> 0:35:44.480 can just go there and buy the tokens, I can 0:35:44.480 --> 0:35:46.359 start playing. But if I have to go somewhere else 0:35:46.360 --> 0:35:48.040 and exchange it before I can even show up, it 0:35:48.040 --> 0:35:53.120 makes it very difficult. I'm curious at what about prediction markets? 0:35:53.800 --> 0:35:56.360 Do you think there's some intersection between like the prediction 0:35:56.400 --> 0:35:59.880 markets and then the game, the gaming or gambling on that. So, 0:36:00.400 --> 0:36:04.160 you know, prediction of markets just another fancy word for gambling. Uh. 0:36:04.200 --> 0:36:06.240 You know when I think of you know, like augur 0:36:06.400 --> 0:36:10.440 is basically as a decentralized gambling platform, but it's like 0:36:10.520 --> 0:36:13.000 more based on like events as opposed to kind of 0:36:13.000 --> 0:36:16.319 your stuck with like E sports or something. Sure, it's 0:36:16.360 --> 0:36:18.839 it's it's based on events that you create and uh, 0:36:18.920 --> 0:36:20.520 you know you can take bets on. Uh. You know 0:36:20.560 --> 0:36:23.000 that brings up an interesting point. Um. You know, I 0:36:23.040 --> 0:36:26.920 was talking to uh coin based recently, you know about 0:36:27.000 --> 0:36:29.359 you know, how do we how do we we want 0:36:29.440 --> 0:36:31.840 we want Unicorn to be able to have access to 0:36:31.840 --> 0:36:33.800 your customers. We want your customers to be able to 0:36:33.840 --> 0:36:36.239 discover the platform. The whole reason we want to listen 0:36:36.239 --> 0:36:38.600 on exchanges has nothing to do with the price of 0:36:38.600 --> 0:36:40.960 our token. It actually has to do with the accessibility 0:36:41.160 --> 0:36:43.880 and the discover ability of our platform, because we know 0:36:44.000 --> 0:36:46.839 over time those two thousand coins is gonna whittle down 0:36:46.840 --> 0:36:50.160 to like a hundred, right, and and of those hundred coins, 0:36:50.400 --> 0:36:52.080 you know, we people are going to start to say, 0:36:52.080 --> 0:36:54.759 what is this coin used for? How does this platform work? Oh, 0:36:54.760 --> 0:36:56.719 I'm gonna go use it? Right? So we want to 0:36:56.800 --> 0:36:58.400 you know, we we'd love to be listening on on 0:36:58.480 --> 0:37:00.799 coin based for example. And you know, we were told 0:37:00.800 --> 0:37:02.839 that they don't they don't work with gambling companies even 0:37:02.840 --> 0:37:05.040 though where license were regulated. And I'm thinking, that's weird. 0:37:05.280 --> 0:37:07.719 You just launched ougur like today, you know, but it's 0:37:07.840 --> 0:37:10.279 but it's a prediction market, So I don't know, I mean, 0:37:10.440 --> 0:37:12.960 the space is just brought with weirdness, you know, from 0:37:12.960 --> 0:37:16.239 that that point. But yeah, so where do you see 0:37:16.239 --> 0:37:18.680 the space going? I mean, I think E sports on 0:37:18.719 --> 0:37:22.720 its own is probably projected to grow pretty rapidly online gambling. 0:37:22.719 --> 0:37:25.319 I would imagine it is projected to gamble or grow 0:37:25.440 --> 0:37:27.640 quite significantly. Like do you have any numbers on like 0:37:27.680 --> 0:37:30.080 where I guess E sports gambling is today and like 0:37:30.120 --> 0:37:32.200 where it's headed in the near future. Yeah, so E 0:37:32.280 --> 0:37:35.799 sports gambling is a probably around like a five million 0:37:35.840 --> 0:37:39.719 dollar business today turnover globally, it's gonna be well over 0:37:39.760 --> 0:37:41.640 a billion next year, and then it's gonna grow at 0:37:41.680 --> 0:37:45.080 an exponential rate the year after. Um um. In terms 0:37:45.080 --> 0:37:47.120 of brands, I think if you ask anybody in the 0:37:47.160 --> 0:37:49.560 gambling industry you know who the best brand is for 0:37:49.760 --> 0:37:52.000 the sports gambling, they're gonna say Unicorn. Like I think 0:37:52.000 --> 0:37:54.920 our brand is the strongest in the space. Um, I 0:37:54.960 --> 0:37:57.520 think it's it's you know, it's pretty amazing that, you know, 0:37:57.520 --> 0:37:59.759 we've built out all the tech that we built, we 0:37:59.840 --> 0:38:02.320 have spent a single time on marketing yet because we 0:38:02.440 --> 0:38:05.600 just wanted to tech right um And now we're we're 0:38:05.600 --> 0:38:08.640 actually gonna start putting some some significant amount of money 0:38:08.640 --> 0:38:11.839 into paid acquisition and bringing customers on the platform. So 0:38:12.000 --> 0:38:14.439 it'll be interesting to see where it goes. But beyond that, 0:38:14.760 --> 0:38:16.719 you know, you're gonna see a lot more product coming 0:38:16.719 --> 0:38:18.600 out of Unicorn this year that we're going to launch 0:38:18.600 --> 0:38:22.760 that's just gonna change everything. So yeah, yeah, all right, great, 0:38:22.800 --> 0:38:24.440 and now what are what are like some of the 0:38:24.480 --> 0:38:26.960 big challenges that you have Just uh, I guess maybe 0:38:26.960 --> 0:38:29.960 regulations you think is probably the biggest piece. Yeah, lack 0:38:30.000 --> 0:38:32.520 of regulatory clarity in the US is the biggest piece. 0:38:32.520 --> 0:38:35.960 You know. Um, like the the the amount of money 0:38:35.960 --> 0:38:37.880 that we spent on legal and stuff is just uh, 0:38:37.960 --> 0:38:40.279 it's a horrent you know, and it's uh and it's 0:38:40.360 --> 0:38:43.799 it's it's really not fair. Like we we're we're we're 0:38:43.840 --> 0:38:47.280 as legit as it gets. We've really built an amazing platform. 0:38:47.360 --> 0:38:51.080 We started our token economy in two thousand and fifteen. Um, 0:38:51.160 --> 0:38:53.799 you know, we we need regulators to work with us 0:38:54.080 --> 0:38:56.760 and uh and not against us. You know, we we 0:38:56.760 --> 0:38:59.120 we want them to help us, uh you know, innovate 0:38:59.160 --> 0:39:03.239 at protection ss um, not stifle innovation. Um, you know, 0:39:03.280 --> 0:39:07.480 while while a larding consumers. So yeah, one other question, Um, 0:39:07.600 --> 0:39:11.840 you're you're more in the gaming area, said kind of gambling, betting, 0:39:11.880 --> 0:39:14.080 betting space, not so much. There's other people that are 0:39:14.080 --> 0:39:17.480 doing more of the games where like their skins and 0:39:17.560 --> 0:39:19.560 more like n F t tradeables and whatnot. Are you 0:39:19.640 --> 0:39:22.520 guys aren't in that space? Actually we we kind of 0:39:22.560 --> 0:39:25.520 are so in the in the tradeables area. Um, you know, 0:39:25.760 --> 0:39:27.879 Unicorn is really the only place that you can go 0:39:28.440 --> 0:39:31.600 and convert your skins directly into uk G and then 0:39:31.680 --> 0:39:34.200 and then those skins get actually put into our jackpots, 0:39:34.239 --> 0:39:36.719 so you know, we recycle those skins into jackpots and 0:39:36.719 --> 0:39:39.560 people can participate in jackpots for skins. So we do that. 0:39:39.600 --> 0:39:41.920 But but in terms of like the tradeable stuff, no, 0:39:42.120 --> 0:39:44.719 we don't do that. And the reason we don't is, um, 0:39:44.760 --> 0:39:48.279 there's no game company or publisher that really lets you 0:39:48.400 --> 0:39:52.520 trade skins from their games via crypto, no good game 0:39:52.600 --> 0:39:54.319 like you know, the only ones that do are like 0:39:54.400 --> 0:39:57.359 blockchain based games like the Crypto Kiddies and stuff like that. 0:39:57.680 --> 0:39:59.879 When you look back and look at the different technologies 0:39:59.880 --> 0:40:01.880 and how they progressed, we always kind of see that 0:40:01.960 --> 0:40:04.840 where the companies try to kind of really protect and 0:40:04.840 --> 0:40:07.480 and silo off everything, and then eventually they realized, well, 0:40:07.480 --> 0:40:08.839 it's my I P and I can let it kind 0:40:08.840 --> 0:40:10.920 of flow. And I think we're in that inflection point 0:40:10.960 --> 0:40:14.480 with video games right now. Hopefully eventually they'll say okay, great, yell, 0:40:14.520 --> 0:40:16.920 let's open that up and let you trade. Um, do 0:40:16.960 --> 0:40:19.520 you think that's a reality, and if so, how far 0:40:19.600 --> 0:40:22.759 out do you think that is? Um? I don't know 0:40:22.960 --> 0:40:26.439 if that particular vision is a reality for some time 0:40:26.480 --> 0:40:29.560 to come yet. I think that Valve is the closest 0:40:29.600 --> 0:40:32.520 to actually doing something like that, where they created an 0:40:32.560 --> 0:40:35.640 open marketplace for skins, but it kind of bit them 0:40:35.640 --> 0:40:38.120 in the butt because you know, once people realize that 0:40:38.160 --> 0:40:41.000 skins had a real world value, there was these gambling 0:40:41.040 --> 0:40:43.600 sites coming up that we're all built around skin bedding 0:40:44.160 --> 0:40:48.640 and um and and skin betting became the largest, uh 0:40:48.719 --> 0:40:52.080 underage gambling ring in the history of gambling. I mean, 0:40:52.080 --> 0:40:54.279 it was like a two billion dollar industry before it 0:40:54.320 --> 0:40:56.600 was shut down a couple years ago. Yeah, it was. 0:40:56.840 --> 0:40:59.000 It was projected to be a seven billion dollar industry, 0:40:59.280 --> 0:41:01.080 so you know, they have to be careful about that. 0:41:01.120 --> 0:41:03.000 The other thing is, you know, the idea that I 0:41:03.040 --> 0:41:05.680 can take a weapon from League of Legends and bring 0:41:05.680 --> 0:41:08.400 it into Dota just doesn't really make sense, you know, 0:41:08.480 --> 0:41:11.719 from a game developer standpoint. Um Um, I think there's 0:41:11.760 --> 0:41:14.440 other ways that you can you can use blockchain for gaming, 0:41:15.000 --> 0:41:17.080 like what we're doing, you know, with with using it 0:41:17.120 --> 0:41:19.520 in certain areas that makes sense, like a m L 0:41:19.960 --> 0:41:23.000 you know, doing it for customer betting history, doing it 0:41:23.080 --> 0:41:25.480 so that you know, we can we can uh, we 0:41:25.480 --> 0:41:28.479 can do forensic wallet tracking, you know, regulators can look 0:41:28.640 --> 0:41:31.920 openly at our ledgers things like that. That makes sense. Um. 0:41:31.960 --> 0:41:34.560 And then also you know, we we created a betting 0:41:34.560 --> 0:41:37.120 platform that allows nine thousand bests per second. You know, 0:41:37.120 --> 0:41:39.960 stuff like that, It makes sense. I think, I think. Um, 0:41:39.960 --> 0:41:42.520 when you have a hot industry, like you can always tell, 0:41:42.640 --> 0:41:44.799 you know, if you go to LinkedIn and you see 0:41:44.840 --> 0:41:47.160 things like you know, like the next big buzzwords AI 0:41:47.320 --> 0:41:49.600 and then you've got blockchain and you've got cryptocurrency and 0:41:49.600 --> 0:41:51.839 I c O S and whatever, you can always tell 0:41:52.320 --> 0:41:54.680 you know, business is kind of weird when they start 0:41:54.719 --> 0:41:57.439 to shoehorn two things together. And so you know, when 0:41:57.480 --> 0:42:00.239 when you've got like these game developers who are who 0:42:00.239 --> 0:42:04.080 are specifically building blockchain s based games. That's different than 0:42:04.120 --> 0:42:07.080 a game developer who's trying to create a like um, 0:42:07.120 --> 0:42:10.680 you know, uh, like an MMO type game or a 0:42:11.000 --> 0:42:15.440 or a Battle Royal type game on blockchain, Like why 0:42:15.520 --> 0:42:16.919 why are you doing that? Why don't you just create 0:42:16.920 --> 0:42:19.600 a fun game? Right? Like there's no reason for you 0:42:19.640 --> 0:42:22.360 to create a Battle Royal on blockchain because the gamer 0:42:22.360 --> 0:42:24.520 doesn't give a ship what is on. They just want 0:42:24.520 --> 0:42:26.400 to play a fun game. So you really got to 0:42:26.480 --> 0:42:29.000 understand your audience and what you're building. Yeah, and I 0:42:29.040 --> 0:42:31.279 think it's just gonna take a total disruption where you 0:42:31.320 --> 0:42:33.960 have new games, new new developers, and new games come 0:42:34.000 --> 0:42:36.280 up that allow you to do that. Probably the incumbents 0:42:36.320 --> 0:42:38.880 there won't won't ever allow that, And eventually there's a 0:42:38.880 --> 0:42:41.200 blockchain publisher that does that, you know, that lets you 0:42:41.239 --> 0:42:43.879 trade things around like that. I'm telling you there's there's 0:42:43.920 --> 0:42:46.640 stuff that's coming in our in our industry in particular 0:42:46.920 --> 0:42:50.520 where U where tradeables makes a ton of sense and 0:42:50.360 --> 0:42:52.719 it and it's gonna be fun. Uh, there's gonna be 0:42:52.760 --> 0:42:54.879 sort of betting around it. We're gonna be very much 0:42:54.920 --> 0:42:58.160 involved in it, um and and it makes sense. Um. 0:42:58.400 --> 0:43:02.320 So you'll see yeah, great, that's uh, that's good and 0:43:02.719 --> 0:43:05.319 we'll we'll wrap it up with that. So where can 0:43:05.400 --> 0:43:07.920 people go to find out more about, you know, what 0:43:08.040 --> 0:43:10.560 unicorn is doing and maybe to follow you? Yeah, so 0:43:10.600 --> 0:43:12.920 on Twitter you can follow me at rehole suite are 0:43:13.000 --> 0:43:15.920 a h U L S O O D um, and 0:43:16.000 --> 0:43:18.239 you know Iowa's tweet about what Unicorn is doing. You 0:43:18.239 --> 0:43:21.160 can also follow a Unicorn at unicorn you and I 0:43:21.320 --> 0:43:25.520 care and CEO on Twitter. Um. And then of course 0:43:25.560 --> 0:43:28.160 you can just check out our website www dot unicorn 0:43:28.239 --> 0:43:31.279 dot com. Uh, you and I k r N dot com. Great, 0:43:31.320 --> 0:43:32.960 and we'll link link to all that in the show 0:43:33.000 --> 0:43:36.600 notes as well. All right, well, it's been great, very interesting. 0:43:36.640 --> 0:43:40.560 I'm excited about the intersection of these spaces and and 0:43:40.800 --> 0:43:45.279 we'll wrap it up. All right. Appre Hey, if you 0:43:45.320 --> 0:43:49.000 like this episode of The Market Disruptors Podcast, please help 0:43:49.080 --> 0:43:51.560 us take this to the top of the podcast charts. 0:43:51.560 --> 0:43:54.799 Just please do me a favor and rate, review and subscribe. 0:43:55.000 --> 0:43:57.759 Taking fifteen seconds to just leave a quick review goes 0:43:57.800 --> 0:44:00.120 a long way in helping us reach more people and 0:44:00.239 --> 0:44:03.359 disrupt more markets. I really appreciate you listening, and I'll 0:44:03.360 --> 0:44:05.760 see you next time on The Market Disruptors Podcast.