Speaker 1: So the big question is this, how do investors like
Speaker 1: us get access to the ideas, information, and most importantly,
Speaker 1: the right people that give us the tools and information
Speaker 1: we need to make conformed and educated decisions to have success.
Speaker 1: That is the question, and this podcast will give us
Speaker 1: the answers. This is Mark Moss, your host. Let's get
Speaker 1: this started. Welcome back, everybody to another episode of the
Speaker 1: Market Disruptors podcast, where we talk about disruptive technologies, blockchain technology,
Speaker 1: and we talk about disruptive people to learn from them. Now,
Speaker 1: today we have a guest that I'm super excited to
Speaker 1: talk about. His name is Roll Whoso. He's with the
Speaker 1: company called Unicoin, and he has a history of doing
Speaker 1: big disruptive things going way back working with Hewlett Packard,
Speaker 1: working with Microsoft, and now with his own company, Unicoin.
Speaker 1: And they are right in the middle of three massive
Speaker 1: trends all converging together, something that I've been paying attention
Speaker 1: to and watching them. Super excited. I can't wait to
Speaker 1: get into this, so let's go. All right, Today we
Speaker 1: are with Rahul sud He is with a company called
Speaker 1: Unicorn that does e sports gaming and it's a really
Speaker 1: disruptive area and he has not just been disrupting uh
Speaker 1: those those industries with what he's doing today, but he
Speaker 1: has a history of doing this through multiple projects that
Speaker 1: he's been on the past. It's a really interesting guy.
Speaker 1: I can't wait to find out more about him. So
Speaker 1: welcome Rule. Hey, thanks for having me appreciate it. So
Speaker 1: you are with a company called Unicorn now, which is
Speaker 1: like an e sports gaming which I want to dig
Speaker 1: into a little bit. Um. I know in your past
Speaker 1: we were just talking about you had launched kind of
Speaker 1: like the first e sports computer that went to Hewlett Packard.
Speaker 1: I know you're with Microsoft, like in their venture with
Speaker 1: their VC kind of firm part as well. Give me
Speaker 1: a little bit about the background so we kind of
Speaker 1: know who we're talking with. Sure. Um. Yeah, So I
Speaker 1: started a company many years ago called Hoodoo. You see,
Speaker 1: it was like the world's first high end gaming company. Um.
Speaker 1: Those systems that you see in the back there are
Speaker 1: sort of some of the models that we built out
Speaker 1: and these are like all hand built computer systems, and
Speaker 1: it sort of became a like a global brand. It
Speaker 1: created a huge movement and we ended up selling it
Speaker 1: to HP UM and and UM, you know, I I
Speaker 1: at the time I was involved in competitive gaming. UM,
Speaker 1: but it wasn't anywhere near what it is today. But
Speaker 1: it was pretty pretty cool. Um. And in any case,
Speaker 1: after selling to HP, I UM, I was kind of
Speaker 1: bored working inside the company there. I mean it was
Speaker 1: pretty boring, to be honest, like after the first year.
Speaker 1: HP was a tough company to work for, um uh
Speaker 1: for a lot of reasons. And so um a friend
Speaker 1: of mine, Daniel Rudolph, and I we we we built
Speaker 1: this platform for fun on on on evenings and weekends.
Speaker 1: UM that allowed us to play, uh, to play Call
Speaker 1: of Duty and games like that against each other for money.
Speaker 1: UM and uh we you know, we we were both gamers,
Speaker 1: you know, we like to bet on games. And basically
Speaker 1: um uh you know, we built a platform that that
Speaker 1: allowed people to play you know, games for money, and
Speaker 1: we built everything from you know, the front end interface,
Speaker 1: the anti cheat system, the matchmaking system. UM. We even
Speaker 1: built like a full tournament platform around the end payment system.
Speaker 1: I mean it was ridiculous and it was really just
Speaker 1: for friends and people in the community, but this thing
Speaker 1: took off. It actually when was when was this just
Speaker 1: for some about two so so it took out about
Speaker 1: eight thousand users using it, and then and then we
Speaker 1: just you know, quickly realized that this is getting out
Speaker 1: of control. Um. You know, we weren't prepared for two things.
Speaker 1: Number one, we weren't prepared for the the regulatory side
Speaker 1: of things. We didn't want to deal with, you know,
Speaker 1: the legal side. And the other thing we weren't prepared
Speaker 1: for is just the the turnover of users. So basically
Speaker 1: there was a there was something called the poker effect
Speaker 1: where uh, where users were really good at the games
Speaker 1: would would win, and then the users who weren't that
Speaker 1: good would never come back to the platform. And um,
Speaker 1: and so you know that health Perfect was just like
Speaker 1: a weird thing, but it it was a good learning
Speaker 1: anyways at the time. So long story short is I
Speaker 1: then joined Microsoft. I started Microsoft Ventures UM and at
Speaker 1: Microsoft Ventures we used to invest in small companies and
Speaker 1: help them build and grow. And one of the companies
Speaker 1: we invested in was a gaming community company and that's
Speaker 1: where I met my business partner, Carl Um. Carl is
Speaker 1: a guy from Australia. We got along really well. Like
Speaker 1: most Australians, they like to bet on everything, or they've
Speaker 1: been on horse races, they've been on sports they've been
Speaker 1: on politics. He also liked to play video games. And
Speaker 1: I was telling him, you know, well, first of all,
Speaker 1: we're talking about the sports and the growth of the sports,
Speaker 1: and how at Microsoft we were you know, a few
Speaker 1: of us were discovering that there was more people using
Speaker 1: Xbox and and Windows to watch people play games on
Speaker 1: than ever before. And then he was growing at a
Speaker 1: massive clip, like hundreds of millions of people were doing this,
Speaker 1: and um, and then I was telling him about this
Speaker 1: product like I started years ago a playoff with my
Speaker 1: friend Daniel Rudolph and said, you know, back then, we're
Speaker 1: probably way ahead of its time, you know. And and
Speaker 1: he liked to bet on sports, so he said, why
Speaker 1: don't we why don't we all get together and build,
Speaker 1: you know, build a company that sort of you know,
Speaker 1: we'll start again. You know, maybe this is the right
Speaker 1: time to do it. And so we did. UM, three
Speaker 1: of us got together. Uh, my friend Daniel who lives
Speaker 1: in Germany. UM, Carl who had the time was in
Speaker 1: Belleview here but he moved back to Australia, and UM
Speaker 1: we started Unicorn. And Unicorn is a platform that sits
Speaker 1: at the intersection of regulated gambling. UM. E sports and
Speaker 1: video games and blockchain technology, and and blockchain didn't come
Speaker 1: until like about we'll talk about that as well. Yeah,
Speaker 1: the the intersection of those three areas is very very
Speaker 1: interesting and I want to dive into that, but before
Speaker 1: we do. UM, so you started this, you know, these
Speaker 1: custom PCs for gaming, which at the time there wasn't
Speaker 1: really anything going on there. Um, then you kind of
Speaker 1: had this stint with Microsoft Adventure. UM I wanted just
Speaker 1: understand a little bit it, Like, UM, it seems like
Speaker 1: being an investors is very difficult. It goes against our
Speaker 1: our psychology, It goes against what we call like a
Speaker 1: normalcy bias. So we people tend to think whatever is
Speaker 1: happening today will continue on. But yet here you've been
Speaker 1: able to go, no, I see this other future that's different,
Speaker 1: and I'm gonna build that. So with the with the
Speaker 1: gaming computers, and then UM, I would imagine in Microsoft
Speaker 1: looking at venture deals, you're looking at new technologies that
Speaker 1: when the future is going exactly so you've been able
Speaker 1: to kind of like have this like future vision where
Speaker 1: most people have this very difficult even today where bitcoin
Speaker 1: has really kind of proven its use case and still
Speaker 1: people can't imagine that, right, So what is it that
Speaker 1: you think is different with you or how do you
Speaker 1: look at things differently to kind of help you view
Speaker 1: that future that future vision. Um, well, you know, to
Speaker 1: be honestly, I just watched my kids and what they're
Speaker 1: into and and um, you know, when I was at Microsoft,
Speaker 1: my son was about fifteen at the time. He's he's
Speaker 1: twenty now, but you know, he's about fifteen at the time.
Speaker 1: And he remembered me growing up. Are remember me as
Speaker 1: he was growing up? Uh, you know, being a dad
Speaker 1: that was an entrepreneur, you know, who loved to play
Speaker 1: games and was building this gaming company, right, and and
Speaker 1: he used to say to me, you know, what are
Speaker 1: you still doing at Microsoft? You know you should? You
Speaker 1: should you should quit and start another gaming company. And
Speaker 1: then he said, um, he started to talk to me
Speaker 1: about the sports and you know how big it was getting,
Speaker 1: and um, and he was playing a lot of League
Speaker 1: of Legends. My daughter, my both my sons were playing
Speaker 1: the League of Legends. But this guy in particular is
Speaker 1: a pretty smart kid. And he he basically got me
Speaker 1: to play with him and uh and get into get
Speaker 1: involved in the industry. Um. And as I did, I
Speaker 1: realized how massive the space actually was, and you know,
Speaker 1: and you just start to think about what does the
Speaker 1: future look like in in this space? Um and and
Speaker 1: typically what you do is is you look at industries
Speaker 1: that required disruption, like you know, Uber went into the
Speaker 1: taxi industry. They you know, they wanted to disrupt taxis
Speaker 1: and you know, and and Tesla is disrupting energy you know,
Speaker 1: um and they're doing it in the in the guys
Speaker 1: of a car company. Um. You know. For for me,
Speaker 1: it's it's really about the future of entertainment and and
Speaker 1: thinking about what does the future of sports look like?
Speaker 1: Right and um and and you know, there's there's no
Speaker 1: better way to get to get engaged in the support
Speaker 1: that to place a bet on it. Like if you
Speaker 1: ever watched a football game or something, he plays a
Speaker 1: bet you're gonna watch the game from beginning. And so
Speaker 1: it's sort of like that, you know, uh, starting with
Speaker 1: watching my kids and I'm going from there. Yeah. So
Speaker 1: the demographics definitely pay a big play, a big piece
Speaker 1: in that. And I think that's one of the big
Speaker 1: things with like cryptocurrency adoption where you kind of still
Speaker 1: have this old guard, right the baby boomers, if you will,
Speaker 1: who maybe still write checks at the grocery store. Um,
Speaker 1: and they'll probably never get into it. But then you
Speaker 1: have like the grandkids who will never know anything about that.
Speaker 1: So that those demographics and it's sort of it's sort
Speaker 1: of interesting because when you talk about Peter Schiff and
Speaker 1: his his position on gold, right, um, you know, like
Speaker 1: my kids don't care about gold. They just don't, you know,
Speaker 1: And they don't want to carry around goal. They don't
Speaker 1: want to wear gold, right. They don't even want to
Speaker 1: buy a car for for crying out lot because you know,
Speaker 1: that's just what it is. And so um, so you know,
Speaker 1: the market dynamics are changing, like bitcoin is a goal
Speaker 1: two point oh, like it's it's you know, it's something
Speaker 1: that you can use to transact with and you can
Speaker 1: carry it with you. And when you look at the
Speaker 1: things that young people care about, they care about things
Speaker 1: like instant gratification. They care about things like uh, you know,
Speaker 1: bragging rights or you know, or are being you know,
Speaker 1: getting getting recognized for for certain things that they do. Um.
Speaker 1: They also don't like things like um, you know, uh,
Speaker 1: like obvious ways to lose money, like for example, in
Speaker 1: this in the casino industry. Um, the slots is a
Speaker 1: really good example. You know, the slot machine areas in
Speaker 1: the casino. If you ever walked through, there's more wheelchairs
Speaker 1: and walkers per square foot in the slot machinery than
Speaker 1: anywhere else in the casino. And that's just a you
Speaker 1: can walk through and see it a lot of old
Speaker 1: people and and so what what they're trying to do
Speaker 1: is they trying to make it, you know, more fun
Speaker 1: for young people. So so the first thing they attempt
Speaker 1: to do was was redeem these slot machines with Britney
Speaker 1: spears and pitbull and put big speakers on them. But
Speaker 1: there's still really only hundred and fifty year olds that
Speaker 1: are using these machines. So so then they then they
Speaker 1: started to realize that young people don't want to play
Speaker 1: slots because they know they're going to lose their money.
Speaker 1: They'd rather play skill, they'd rather bet on their own skill.
Speaker 1: So you've got these companies now that are that are
Speaker 1: taking uh, you know, games that people don't like or
Speaker 1: you know, have never heard of, and they're turning it
Speaker 1: into a skill and you can go and play these
Speaker 1: skill based slot machines. But they're missing the point. The
Speaker 1: point is that you know, if you don't. If you
Speaker 1: don't do it around something people love, they're not going
Speaker 1: to play it. So the slot machine area is one
Speaker 1: of the highest revenue generating areas of the casino and
Speaker 1: then it's dying and they can't figure out how to
Speaker 1: fix it, and we believe we know how to fix it. Yeah,
Speaker 1: that's really interesting, So we'll dig into that. So, um,
Speaker 1: just the steps the step off point into that. So
Speaker 1: you know, as a builder, as a you know, as
Speaker 1: an entrepreneur, as a builder, as an investor, right, you
Speaker 1: always want to kind of go with the trend and
Speaker 1: hopefully a little bit early. And so we have this
Speaker 1: really unique intersection like with with gaming switching to like
Speaker 1: online gaming I'm sorry, gambling, and then and then the
Speaker 1: gaming the growth of the e sports, and then you
Speaker 1: have like this cryptocurrency movement, and they're like all three
Speaker 1: kind of converging and you're kind of right there in
Speaker 1: the forefront. So whenever you can pick one of these
Speaker 1: massive trends, I mean, it's a great place to be
Speaker 1: where you can get three converging, it's even better. And
Speaker 1: so you're working with like gaming, which is like, uh,
Speaker 1: games that people are playing on their home consoles, but
Speaker 1: now you're even taking it too, like you're trying to
Speaker 1: disrupt vegas, I guess, or gambling. Right, yeah, we are,
Speaker 1: because we we think that you know, the future of
Speaker 1: supports is changing. So you know, if you look at
Speaker 1: the the median age of a Major League Baseball fan,
Speaker 1: it's about fifty nine years old. Now the medium age
Speaker 1: of a of a PGA tour fan is about eight.
Speaker 1: It might have come down a little bit with Tiger
Speaker 1: woods last win, but but the reality is it's still
Speaker 1: much older. Um. And you know, um, and it's only
Speaker 1: getting older for traditional supports. Yet every day, you know,
Speaker 1: four new E sports fans are born, Like kids start
Speaker 1: out at a very young age playing game games and
Speaker 1: they and as they get older, they continue to play games.
Speaker 1: Like I'm I'm in my mid fourties and I still
Speaker 1: play a ton of games. Um, I'm an anomaly. But
Speaker 1: people that are ten years younger than me are not
Speaker 1: so much an anomaly. They like to play games all
Speaker 1: the time. So so competitive e sports is getting super interesting.
Speaker 1: And I can show you the platform and show you
Speaker 1: exactly how we think about it. But before I do that, um,
Speaker 1: I think, uh, you know, I think you have to
Speaker 1: look at the crypto industry in general, and see what
Speaker 1: what is like We're in the early stages of crypto
Speaker 1: right now, right, so what are the most successful companies
Speaker 1: in crypto at the moment? Yeah, exchanges, right, it's it's
Speaker 1: basically all exchanges at the moment, exchanges and and and
Speaker 1: next thing would be like protocols. But but at the
Speaker 1: end of the day, exchanges are the most successful, you know,
Speaker 1: use case at the moment and um, and you know,
Speaker 1: the reality is that's not sustainable like long term. It
Speaker 1: just means that you know, right now, people all they
Speaker 1: care about is the price of a coin and when
Speaker 1: it's gonna go to the moon, you know, and that
Speaker 1: sort of thing, and just trading and and and these
Speaker 1: these people are are used to crypto. They get it.
Speaker 1: They understand how it works, they understand how to trade it.
Speaker 1: They know that you know what bitcoin dominance means, you know,
Speaker 1: all of that stuff and there, and you know, and
Speaker 1: they know that if bitcoin goes up, generally speaking, the
Speaker 1: tide will rise with all ships. Right. But in seventeen,
Speaker 1: over two thousand coins were created and uh, and and
Speaker 1: you know, percent of those coins are gonna fail. They're
Speaker 1: gonna end up to be nothing and um and right now,
Speaker 1: exchanges back then we're making money by by charging token
Speaker 1: teams big amounts to list on their exchanges, and you know,
Speaker 1: and uh, and they weren't really innovating. In other ways,
Speaker 1: there are exchanges that are innovating though, like Finances innovating,
Speaker 1: Bittrix is innovating. There's a couple of really good exchanges
Speaker 1: out there. They're actually innovating and continue to develop their
Speaker 1: platforms and they know that. It's that the next generation
Speaker 1: of companies of platforms is where where is going to
Speaker 1: help them be more successful and it's going to help
Speaker 1: you know, the industry be more successful. So my point
Speaker 1: is this, right now, uh, crypto is still very nascent.
Speaker 1: It's it's it's it's only working for those who really
Speaker 1: understand crypto. But in order from the mainstream to get involved,
Speaker 1: excuse me, orders, for the mainstream to get involved, it
Speaker 1: has to be way easier. It has to be easier
Speaker 1: for customers to access, has to be easier for customers
Speaker 1: to discover, and there has to be platforms like our platform,
Speaker 1: you know, which is sort of the next level of
Speaker 1: crypto usage and that sort of thing. Right, I definitely
Speaker 1: agree with that and we can study any technology and
Speaker 1: look at the natural evolution, and of course it always
Speaker 1: gets easier. We can talk about how hard it was
Speaker 1: to use the Internet in early nineties. UM. I have
Speaker 1: a question in regards to that. So you talk about
Speaker 1: the exchanges being important. UM. I've heard you discussing with
Speaker 1: other people regulations and how regulations were really loose and
Speaker 1: that obviously leads to lots of problems manipulation. UM. You
Speaker 1: had also kind of talked about how we need more
Speaker 1: clear regulations in the US, UM, and a lack of
Speaker 1: clarity is causing problems. I'm curious though, because you had
Speaker 1: also said, you know, the regulations are old, right, I
Speaker 1: mean they're from the thirties and forties, and how can
Speaker 1: they really apply to this new technology? And this new
Speaker 1: technology doesn't fit into these buckets. So I was thinking
Speaker 1: specifically about your platform, and um who had mentioned how
Speaker 1: I think maybe now users outside the US can buy
Speaker 1: your tokens directly off of Batrix, right, Yeah, So I'm
Speaker 1: thinking about like a gaming platform, like if I were
Speaker 1: to go to David Busters, where I go to uh,
Speaker 1: you know, Chuck E Cheese, I buy the tokens from them,
Speaker 1: and then I used them there to play their games.
Speaker 1: I guess the regulations make it so you can't sell
Speaker 1: tokens directly, and that seems like a problem. Well, look,
Speaker 1: there's a lot of problems with the regulations the you know,
Speaker 1: the the biggest problem that I see, just generally speaking
Speaker 1: as a theme, it's being in the US and crypto
Speaker 1: is is it like sucks. It's hard, and it's hard
Speaker 1: because of the lack of regulatory clarity. Look, I'm in
Speaker 1: the gambling industry, I mean, one of the most regulated
Speaker 1: industries on Earth, and I deal with regulators on a
Speaker 1: regular basis, and they're awesome. In the gambling industry, there's clarity,
Speaker 1: there's rules, We follow them. Once we follow them, you
Speaker 1: you you get access to markets like you wouldn't believe,
Speaker 1: it's amazing. But in the crypto industry, because of the
Speaker 1: lack of regulation and because there's people trying to take
Speaker 1: old laws and then and then adding you know, their
Speaker 1: their opinions to it underneath those old laws. Um, it's
Speaker 1: just like what the heck? You know, how how how
Speaker 1: on earth are we gonna build the next generation Internet
Speaker 1: from the US? Like back you know, back in in
Speaker 1: two thousands, when when you know, Amazon and and you know,
Speaker 1: and then later on Facebook and Twitter and all these
Speaker 1: other companies have come up, and Uber and whatever. These
Speaker 1: companies came up in a market where you know, they
Speaker 1: were allowed to innovate. But some of these companies dealt
Speaker 1: with you know, hell when it came to regulation. Like
Speaker 1: think about think about what Uber has to go through,
Speaker 1: you know, dealing with taxi lobbies and and and you
Speaker 1: know governments, you know trying to take them down and
Speaker 1: municipalities and corruption. They have to deal with that on
Speaker 1: an everyday basis. Lift same thing, Tesla, same thing Tessa,
Speaker 1: you know, coming in and building the first electric car,
Speaker 1: having to deal with dealers, auto dealers and the auto
Speaker 1: dealer lobby, and then energy companies trying to shut them
Speaker 1: down while they're building up this this huge energy network.
Speaker 1: I mean, they have to go through hell in order
Speaker 1: to to build their business. And now in crypto and
Speaker 1: it's sort of the same thing. But but there's other
Speaker 1: countries out there that are practically begging us to go
Speaker 1: and build there and and we've had to shift. Um,
Speaker 1: you know, most of our team outside of the US,
Speaker 1: like of our people is outside the US. Most of
Speaker 1: my most of my uh my management team, my CFO CEO,
Speaker 1: head of product, like, they're all in Australia in Sydney. Um,
Speaker 1: most of our developers, you know under under our ct
Speaker 1: O Daniel, they're in Croatia, Berlin and uh and polland um.
Speaker 1: You know, I've got a I've got a head of
Speaker 1: marketing in New York with a couple of content people,
Speaker 1: have a few content people in Lass Day guess, and
Speaker 1: then there's me in Seattle. But you know, it's just
Speaker 1: it's hard to be being here. Yeah. Yeah. I've often
Speaker 1: said that if the right brothers had to go to
Speaker 1: the city to get a permit to fly the airplane,
Speaker 1: it probably never would have happened, right, and it and
Speaker 1: it just creates this drag. And one thing that I've
Speaker 1: observed kind of like what you're saying is really, if
Speaker 1: you look at the last twenty years, you know, in
Speaker 1: the in the markets, the stock markets, the US is
Speaker 1: still like the leader in the world. And but if
Speaker 1: you really look at the stocks, it's really the tech
Speaker 1: stocks that have carried everything and most of other stocks
Speaker 1: have stayed flat. And if we had missed out on
Speaker 1: that boom, how different today would be. And now what
Speaker 1: you're saying, and I'm seeing as well, is that we're
Speaker 1: potentially going to miss out. We could miss out on
Speaker 1: this next boom. And that's uh, that's a scary thought. Yeah,
Speaker 1: and I and I and I think there's there's you know,
Speaker 1: a good chance of that happening. I already see you know,
Speaker 1: some really innovative platforms like leaving you know, UM, I
Speaker 1: don't you know, I don't want to call it anyone specifically,
Speaker 1: but I think this is important. You know, if you
Speaker 1: look at um interested as an example, right, this is
Speaker 1: a company that that is doing everything they can to
Speaker 1: abide by the laws in the US. Their U S
Speaker 1: based company. They're proud US based company. They've got they've
Speaker 1: got licenses in almost every state, money transmission licenses, their
Speaker 1: money UM, their money uh, you know UM an MSB
Speaker 1: SO money services business UM and uh. And they're trying
Speaker 1: to build like a trading platform and then in the future,
Speaker 1: very near future, they want to launch an a t S,
Speaker 1: like an alternative trading system where you can trade you know,
Speaker 1: token ized securities in the US. So they're proud of
Speaker 1: everything they've built. But in the meantime, you've got these
Speaker 1: regulators like the New York dfs that really came down
Speaker 1: hard on them, you know, uh and um, and you
Speaker 1: know kind of like if you if you broadly look
Speaker 1: at it, I think everyone would agree it was kind
Speaker 1: of unfair given the fact that you know, they have
Speaker 1: been you know, Crypto basically came out of nowhere, right
Speaker 1: and the success of the platforms came out of nowhere.
Speaker 1: And they've been applying you know, things like k y
Speaker 1: C and m L over the last couple of years. Um,
Speaker 1: and you know, this is like a very new space.
Speaker 1: And and so the New York THEFENS comes after them,
Speaker 1: you know, takes away their their bit license in New York.
Speaker 1: So fine, they pull out in New York. But in
Speaker 1: the meantime, you've got exchanges that operate outside of the law,
Speaker 1: outside of the US and do whatever the heck they want,
Speaker 1: you know, and no one does anything about it, you know.
Speaker 1: And and so they're they're going after really get American company,
Speaker 1: and you know what they're doing, they're just pushing them out,
Speaker 1: like they're they're basically saying, you know, you're you're out
Speaker 1: of New York. Like you know, what are these guys
Speaker 1: gonna do? Are they gonna stay here or do they
Speaker 1: even care, Like, you know, at the end of the day,
Speaker 1: why would you write? And so I just think of
Speaker 1: that as an example, and I think, you know, yes,
Speaker 1: they should continue to to to fight and you know,
Speaker 1: work here and try and make it work. Look, regulators job.
Speaker 1: I like the idea of a regulators there to protect consumers,
Speaker 1: but they shouldn't be there to stifle innovation. And I
Speaker 1: think there's a fine line. Yeah, And it's just trying
Speaker 1: to figure out how to apply to this new technology,
Speaker 1: Like you're going to the gaming space. If I buy
Speaker 1: chips at a casino and I decided to sell them,
Speaker 1: that doesn't create a taxable event. If I earn points
Speaker 1: at Target or American Airlines, that doesn't create a taxable event.
Speaker 1: And that's essentially what a lot of these utility tokens are. Um.
Speaker 1: But there's you know, really seems like clamping down and
Speaker 1: holding back all that innovation, which is a lot of
Speaker 1: it's applical to the current things that we already have today,
Speaker 1: which is which is h which is definitely stifling. I
Speaker 1: can see that. Um. So as far as Unicorn, let's
Speaker 1: get into that a little bit, because I'm really interested,
Speaker 1: Like I said, you're really at this intersection of gaming. Um. Interesting, right,
Speaker 1: even in the US as as stifling as the regulations maybe,
Speaker 1: I think they've repealed a lot of that game gambling, right,
Speaker 1: so they've opened that up a lot for you as well. Um,
Speaker 1: So you have the gambling that's kind of coming back. Um,
Speaker 1: you have the e sports which is growing massive, and
Speaker 1: then you have this ability to incorporate blockchain. So let's
Speaker 1: talk about Unicorn a little bit and how you're positioning
Speaker 1: there and uh, really, what where are you trying to go?
Speaker 1: Is it the gaming or is it the gambling or
Speaker 1: is there an intersection there of both? Let me show
Speaker 1: you so can you see my screen? I do? Yeah? Okay, great,
Speaker 1: So the his Unicorn. Um. When when we started unicorneen,
Speaker 1: we raised ten million dollars with people like Mark Cuban,
Speaker 1: Ashton Chricher, Sherry Redstone, Liz Murdock, and we set out
Speaker 1: to build a platform for for betting on the sports
Speaker 1: similar to betting on sports. And the way we did
Speaker 1: it was we we said, let's go create the most
Speaker 1: comprehensive sports book we can on e sports and will
Speaker 1: connect to to betting operators back ends. In other words,
Speaker 1: we wanted to create a beautiful interface for betting on
Speaker 1: the sports. But we didn't want to deal with the
Speaker 1: regulatory issues, the legal issues, UH the k y C
Speaker 1: and m L. We'll let the gambling operators do that
Speaker 1: and we'll create the front end for them. So TAB
Speaker 1: for the largest betting operator in Australia. They're like a
Speaker 1: fifteen billion dollar company. They invested in US and UH
Speaker 1: and they they they worked with us to develop to
Speaker 1: to to let us develop our platform and and test
Speaker 1: the efficacy of our sports book on their license. The
Speaker 1: problem was that users would come to the platform, they'd
Speaker 1: sign in and then the minute they go to place
Speaker 1: a bet, they'd have to like they have to go
Speaker 1: through this our kick process of k y C and
Speaker 1: sometimes they have to mail in passport. Sometimes they have
Speaker 1: the facts information like what the heck the facts like.
Speaker 1: It was horrible and it was a totally broken experience
Speaker 1: and so um so so what we did was we
Speaker 1: I'll go over the sports book in the product in
Speaker 1: a minute, but what we did was we created something
Speaker 1: called the Unicorn, and the unicorin was our way of
Speaker 1: of of creating a product that allowed customers to come
Speaker 1: to the platform and earn a token that they could
Speaker 1: use on the platform anywhere in the world. Um and
Speaker 1: it allowed us to develop our you know, um uh,
Speaker 1: test the efficacy of our sports book, and develop a
Speaker 1: platform that had a token economy in it. And this
Speaker 1: was in two thousand and fifty. So what happens is
Speaker 1: customers can connect their League of Legends account ce us go,
Speaker 1: they can We just low key launch Halo. By the way,
Speaker 1: no one knew this, but we launched on Monday, so
Speaker 1: you're the first seeing it. Fortnite, whatever. You can connect
Speaker 1: these game accounts to the platform, and then you earn
Speaker 1: tokens that you play and win games. And in the meantime,
Speaker 1: Unicorn was collecting data and handing and putting handicaps on
Speaker 1: users and we've been doing this for for years. So
Speaker 1: so we did that, and and then we allow so
Speaker 1: I can connect my Fortnite or Halo game to the console,
Speaker 1: and then I can bet on events that are happening
Speaker 1: inside the game right exactly, And I'll tell you about
Speaker 1: that in a second. So, so the bottom line is
Speaker 1: we wanted to create a token economy. We wanted to
Speaker 1: do it with a token that couldn't be transferred or sold,
Speaker 1: so that we could operate in markets all around the world,
Speaker 1: right and and and what that led to was us
Speaker 1: going back to our our partner, Tap Corps and saying, look,
Speaker 1: you know, we've got we've got problems. You know this,
Speaker 1: this is not a sustainable business for us to have
Speaker 1: to go through five different lawyers every time we want
Speaker 1: to add a new game or a new title. We
Speaker 1: should you know, we need to separate. And they agree.
Speaker 1: They said, we're slowing you down. Uh, go and get
Speaker 1: your own license and uh and you'll have to get
Speaker 1: a new back end that will support your platform. So
Speaker 1: I'm trying to make this as easy to understand as possible.
Speaker 1: There are three different types of betting. There's there's sports betting,
Speaker 1: which is where you, um, you bet on your you
Speaker 1: bet on watching other people play so um uh so.
Speaker 1: So basically, if I'll just show you what sports betting
Speaker 1: looks like, so E sports betting is. This is an
Speaker 1: E sports event. It's happening somewhere in the world. It's
Speaker 1: E E S E A UM and this event is
Speaker 1: a is a professional event. These two teams x X
Speaker 1: comment Pro one are playing against each other right now.
Speaker 1: And here's the odds. You can bet live you know,
Speaker 1: you can bet on on exotic bets, so you can
Speaker 1: bet on things like special markets over under his handicap
Speaker 1: markets while watching the match. Okay, this is your typical, uh,
Speaker 1: you know, sports betting type system where you would be
Speaker 1: no different than really betting on a football game. But
Speaker 1: it's just it's more kind of virtual. It's e sports
Speaker 1: instead of actual sports. Right, and what's cool is that
Speaker 1: you know you can bet on this. We're using coins,
Speaker 1: so you can bet on this with different currencies, but
Speaker 1: you can also bet on it you in your UKG
Speaker 1: and and and U KG is something that we give
Speaker 1: bonus bets for. We've built an ecosystem where people can
Speaker 1: earn tokens on the platform, they can participate in jack
Speaker 1: potts and they can bet with it. Now, this is
Speaker 1: just one type of betting, and I just want to
Speaker 1: show you how how expansive this really is. So not
Speaker 1: only can you bet on live games, but as of Monday,
Speaker 1: you can now bet on streamers. So on Unicorn, we
Speaker 1: have this thing where okay, Dr Lupo's offline right now,
Speaker 1: so let me go to this. So here's this. This
Speaker 1: guy is streaming right now. Um, he's a you know,
Speaker 1: professional player, um and uh, and he's streaming at the
Speaker 1: moment and we're picking up his stream and then we're
Speaker 1: putting odds on him. Lawya is a streamer from Germany,
Speaker 1: so she's pretty popular. She's playing Fortnite and these odds
Speaker 1: are being created live as she streams. So, um, so
Speaker 1: are you creating those odds? I mean you're your platforms. Yeah.
Speaker 1: So what's cool is normally you'd have a person watching
Speaker 1: Lawya play and creating the odds manually, but that's completely
Speaker 1: not scalable. So what we've done is we've we've created
Speaker 1: these AI trading bots. Over the last year, we created
Speaker 1: AI trading bots that uses computer vision technology and predictive
Speaker 1: analytics to come up with these odds live and so
Speaker 1: as as this game progresses, these odds will refresh themselves
Speaker 1: based on what's happening in the game. So you can
Speaker 1: watch your favorite streamer when they come on live and
Speaker 1: you can bet on them. So right now, we have
Speaker 1: about ten streamers on the platform. You know, we put
Speaker 1: Ninja on. We put basically the top streamers that we
Speaker 1: like and um, and we're you know, as they come
Speaker 1: on live, it'll pick it up and it'll automatically bring
Speaker 1: them up. So right now you see LAYA one that one,
Speaker 1: So the next odds just refreshed for the next round,
Speaker 1: and now you can place the bet on her next
Speaker 1: round if you want for her to lose or to win. Okay,
Speaker 1: yeah now, um, now this is all e sports betting.
Speaker 1: So this is basically you know, you watching a match
Speaker 1: and placing a bet, which is highly regulated and requires
Speaker 1: a license. By the way, we also created a betting
Speaker 1: game called virtual Betting. This is a game where we've
Speaker 1: taken historical match data and we've given people the opportunity
Speaker 1: to bet every minute, almost every minute or every two
Speaker 1: minutes of every day on a historical round. So in
Speaker 1: other words, what you see is you're presented with a
Speaker 1: historical match that happened where this team Whoredell and Friends
Speaker 1: lost fourteen to sixteen to Russia and um. And what
Speaker 1: it does is it's going to bring up a random
Speaker 1: round within that match. So you get to bet on
Speaker 1: that random round, and you get to choose if it's
Speaker 1: gonna be an odd or even around, you get to
Speaker 1: bet on the correct kills, whether the bomb will be
Speaker 1: exploded or diffused and um. And then once the match starts,
Speaker 1: it tells you which round it was, and you just
Speaker 1: kind of watch it. It's like seven betting game, and
Speaker 1: there's gonna be a bunch of different titles that we
Speaker 1: add to this, and then all of you's done in
Speaker 1: the unicoin. This is all done in unicoins and and
Speaker 1: and so un coins or or or dollars. But you know,
Speaker 1: people like to bet with both um, but they typically
Speaker 1: like to bet with unicorns because we you know, there's
Speaker 1: so many ways to earn the coins and use the
Speaker 1: coins on the platform that they like bet with it.
Speaker 1: But right now you see that the betting stopped. It
Speaker 1: tells you round twelve was selected. So even if you're
Speaker 1: an E sports historian, you wouldn't have known that round
Speaker 1: twelve would be selected until the bets have stopped. And
Speaker 1: now you watch it and you can place your bets
Speaker 1: or you can sorry, you can watch the match and
Speaker 1: see if you want to or not. So so hold on,
Speaker 1: let me just explain that. So so basically that's the
Speaker 1: sports betting. So that's one type of betting. The second
Speaker 1: type of betting in E sports that makes it super
Speaker 1: interesting is skill betting. So remember when I said people
Speaker 1: can connect their favorite game to the platform. The reason
Speaker 1: we did that was because we wanted people to be
Speaker 1: able to bet on their own skill. So if you
Speaker 1: play Fortnite, for example, you can come to the Unicorn
Speaker 1: platform and you can connect your PC, your PS four,
Speaker 1: your Xbox account to the platform. You can lock it
Speaker 1: in and then when you do that, it actually produces
Speaker 1: odds on certain outcomes. So in a typical um, in
Speaker 1: a typical betting environment on video games, you would bet
Speaker 1: against me and you'd have to wait for me to
Speaker 1: get online. You know, we'd have to plan a time
Speaker 1: and bet against each other. It's just on a good
Speaker 1: business model because you get that poker effect that I
Speaker 1: talked about earlier where people disappear and they don't want
Speaker 1: to come back. So what we did was we created
Speaker 1: odds on users where you can bet any time of
Speaker 1: the day, anytime you want, instantly. So I play League
Speaker 1: of Legends and if I want to bet on myself
Speaker 1: where I think I can win my next rank game
Speaker 1: under one one point five deaths and and a win,
Speaker 1: I get five point nine my odds. So if i'd
Speaker 1: max bet here at seventy uk G, I can win
Speaker 1: twelve thousand UKG and I just had to place my
Speaker 1: bet and then go and play the game. This is
Speaker 1: skill betting, and this is legal in forty one states
Speaker 1: in the US, and it's all do you how do
Speaker 1: you prevent people like sandbagging? And uh, it's it's really simple.
Speaker 1: So we've got really sophisticated uh K y C systems
Speaker 1: in place and um and we do a lot of
Speaker 1: tracking on the blockchain to see how coins are moved. Like,
Speaker 1: there's things that we do to basically know who a
Speaker 1: user is and where they're playing from. If they try
Speaker 1: to open up another account or they try and have
Speaker 1: like you know, Ninja sit in their seats, will know
Speaker 1: right away and we can to lock down their odds
Speaker 1: or just ban the account completely. So people don't want
Speaker 1: it to do that. People have certainly tried. I mean,
Speaker 1: we only launched this thing at the end of December
Speaker 1: and we haven't done a dime of advertising. People are
Speaker 1: using it and we're finding ways to plug holes. But
Speaker 1: now that we're ready, uh, now that we just added
Speaker 1: Halo five for the platform, we're ready to start putting
Speaker 1: some money into advertising and getting people to play this
Speaker 1: on a on a daily basis. So this is skill
Speaker 1: betting and then the last type of betting is casino betting.
Speaker 1: You can't see casino here because I'm in the US,
Speaker 1: but there's other markets where you can see it on
Speaker 1: the platform, other markets outside the US. Correct, correct, and
Speaker 1: that would be more traditional casino gambling, whether they be
Speaker 1: card games or things like that. Correct. And I know,
Speaker 1: I know one of the big things that's plagged online
Speaker 1: gaming in the past is not uh knowing if the
Speaker 1: if the online casino has been truthful, right, so like
Speaker 1: basically the games or poker games could be stacked against
Speaker 1: you or whatever. So are you guys doing something to
Speaker 1: address that? Yeah? Well, well number one is there's just
Speaker 1: two places in the world, or that's actually three places
Speaker 1: in the world that have like really good gambling licenses Gibraltar, Malta,
Speaker 1: and Island Man. Those are the three most respected jurisdictions
Speaker 1: in the world. Um uh Unicorn has a license in Maltown.
Speaker 1: We have a license in the Island Man. The thing
Speaker 1: is um when we got our license, we when in
Speaker 1: the Island Man. We're very specific that you know in
Speaker 1: In two thousand and sixteen, we started to uh explore
Speaker 1: and build on blockchain. We started to test on blockchain
Speaker 1: and the reason we did that was because we already
Speaker 1: had the unicoroin economy going UM and and we wanted
Speaker 1: to expand across Europe and we had to deal with
Speaker 1: traditional banks. The problem with traditional banks is in this business,
Speaker 1: it's really expensive and it's really hard to deal with
Speaker 1: multiple currencies. Uh. You know, it's a very old, stodgy
Speaker 1: kind of business. It's slow. Um, it's just hard. So
Speaker 1: so we asked our investors to UH to make recommendations
Speaker 1: to banks that they could connect us to. And Mark
Speaker 1: Cuban emailed instantly and said, you guys should start building
Speaker 1: on blockchain because you know, the future, you may not
Speaker 1: even need banks, right and and uh and so we
Speaker 1: did that. We basically studied why blockchain would make sense
Speaker 1: being in a highly regulated basis like ours with m
Speaker 1: L and k y C. There really is no better
Speaker 1: way to do wallet tracking than through the blockchain and
Speaker 1: UH and so we started to build on blockchain at
Speaker 1: that time. And when we did that, um In came along.
Speaker 1: We already had enough usage on the unit cooin platform
Speaker 1: that you know, we decided to create unicoin Bowl, the
Speaker 1: crypto version of our of our token, and UM we
Speaker 1: approached the Alaman and said, look, you know, we want
Speaker 1: to get a license, but but we need a license
Speaker 1: for crypto, not just be it like we're we're you know,
Speaker 1: we're a crypto company. We want a license for crypto.
Speaker 1: And so it took a year. We're now the only
Speaker 1: company on Earth with a license from the Island Man
Speaker 1: for online casino, live sports betting, live e sports betting,
Speaker 1: and our skill betting platform, you Mode. They even gave
Speaker 1: us a license for streamer betting and virtual betting that
Speaker 1: we created it and we launched this week. So we
Speaker 1: have the most comprehensive license on Earth for for crypto betting.
Speaker 1: And is that record? Is that? I mean, they gave
Speaker 1: that to you, but is that recognized by most of
Speaker 1: the other countries. Yeah, it is, it's recognized. I mean
Speaker 1: the element is a is a pretty generic license in
Speaker 1: the sense that you know, it shows that you're regulated
Speaker 1: and then you know, each country that you go to, um,
Speaker 1: you know, you just have to deal with the local laws.
Speaker 1: So so we're we're rolling out at about thirty five
Speaker 1: or thirty six countries over you know, the past few
Speaker 1: months and then the following months. Um, we're we're doing
Speaker 1: sort of a slow rollout because you know, there's complexities
Speaker 1: like in the US, for example, we can only launch
Speaker 1: you Mode in forty one states, but we can't launch
Speaker 1: sports book yet because in the U S it's regulated
Speaker 1: state by state. You have to have a local casino partner.
Speaker 1: Blah blah blah. But but I'll tell you this, every
Speaker 1: you know, every major casino operator, especially after our launch
Speaker 1: of streamer betting and and virtual betting, they all want
Speaker 1: to partner with us. The largest casinos in the world
Speaker 1: are calling us now and saying, how do we get
Speaker 1: you in the US. What do we need to do? So,
Speaker 1: so we'll launch in the US this year. Um, it's
Speaker 1: just but the US isn't even the biggest markets. The
Speaker 1: biggest markets are across Europe, Latin America, Southeast Asia. Like,
Speaker 1: there's tons of places that we can go to that
Speaker 1: we're rolling out in and um, and we just have
Speaker 1: a lot of work to do to get there. I
Speaker 1: mean the work we have to do is things like localization.
Speaker 1: You know, first of all, making it easier to bet
Speaker 1: on the platform, uh, you know, localization in terms of languages.
Speaker 1: And then and then the most important thing is making
Speaker 1: crypto easier and and that's sort of where I went
Speaker 1: to before. Where crypto right now is easy for traders
Speaker 1: like you to get on finance or patricks and trade coins,
Speaker 1: but it's really hard for users who don't understand crypto
Speaker 1: how to you know, how to move it around. So yeah,
Speaker 1: exactly back to the Dave and Busters analogy. If I
Speaker 1: can just go there and buy the tokens, I can
Speaker 1: start playing. But if I have to go somewhere else
Speaker 1: and exchange it before I can even show up, it
Speaker 1: makes it very difficult. I'm curious at what about prediction markets?
Speaker 1: Do you think there's some intersection between like the prediction
Speaker 1: markets and then the game, the gaming or gambling on that. So,
Speaker 1: you know, prediction of markets just another fancy word for gambling. Uh.
Speaker 1: You know when I think of you know, like augur
Speaker 1: is basically as a decentralized gambling platform, but it's like
Speaker 1: more based on like events as opposed to kind of
Speaker 1: your stuck with like E sports or something. Sure, it's
Speaker 1: it's it's based on events that you create and uh,
Speaker 1: you know you can take bets on. Uh. You know
Speaker 1: that brings up an interesting point. Um. You know, I
Speaker 1: was talking to uh coin based recently, you know about
Speaker 1: you know, how do we how do we we want
Speaker 1: we want Unicorn to be able to have access to
Speaker 1: your customers. We want your customers to be able to
Speaker 1: discover the platform. The whole reason we want to listen
Speaker 1: on exchanges has nothing to do with the price of
Speaker 1: our token. It actually has to do with the accessibility
Speaker 1: and the discover ability of our platform, because we know
Speaker 1: over time those two thousand coins is gonna whittle down
Speaker 1: to like a hundred, right, and and of those hundred coins,
Speaker 1: you know, we people are going to start to say,
Speaker 1: what is this coin used for? How does this platform work? Oh,
Speaker 1: I'm gonna go use it? Right? So we want to
Speaker 1: you know, we we'd love to be listening on on
Speaker 1: coin based for example. And you know, we were told
Speaker 1: that they don't they don't work with gambling companies even
Speaker 1: though where license were regulated. And I'm thinking, that's weird.
Speaker 1: You just launched ougur like today, you know, but it's
Speaker 1: but it's a prediction market, So I don't know, I mean,
Speaker 1: the space is just brought with weirdness, you know, from
Speaker 1: that that point. But yeah, so where do you see
Speaker 1: the space going? I mean, I think E sports on
Speaker 1: its own is probably projected to grow pretty rapidly online gambling.
Speaker 1: I would imagine it is projected to gamble or grow
Speaker 1: quite significantly. Like do you have any numbers on like
Speaker 1: where I guess E sports gambling is today and like
Speaker 1: where it's headed in the near future. Yeah, so E
Speaker 1: sports gambling is a probably around like a five million
Speaker 1: dollar business today turnover globally, it's gonna be well over
Speaker 1: a billion next year, and then it's gonna grow at
Speaker 1: an exponential rate the year after. Um um. In terms
Speaker 1: of brands, I think if you ask anybody in the
Speaker 1: gambling industry you know who the best brand is for
Speaker 1: the sports gambling, they're gonna say Unicorn. Like I think
Speaker 1: our brand is the strongest in the space. Um, I
Speaker 1: think it's it's you know, it's pretty amazing that, you know,
Speaker 1: we've built out all the tech that we built, we
Speaker 1: have spent a single time on marketing yet because we
Speaker 1: just wanted to tech right um And now we're we're
Speaker 1: actually gonna start putting some some significant amount of money
Speaker 1: into paid acquisition and bringing customers on the platform. So
Speaker 1: it'll be interesting to see where it goes. But beyond that,
Speaker 1: you know, you're gonna see a lot more product coming
Speaker 1: out of Unicorn this year that we're going to launch
Speaker 1: that's just gonna change everything. So yeah, yeah, all right, great,
Speaker 1: and now what are what are like some of the
Speaker 1: big challenges that you have Just uh, I guess maybe
Speaker 1: regulations you think is probably the biggest piece. Yeah, lack
Speaker 1: of regulatory clarity in the US is the biggest piece.
Speaker 1: You know. Um, like the the the amount of money
Speaker 1: that we spent on legal and stuff is just uh,
Speaker 1: it's a horrent you know, and it's uh and it's
Speaker 1: it's it's really not fair. Like we we're we're we're
Speaker 1: as legit as it gets. We've really built an amazing platform.
Speaker 1: We started our token economy in two thousand and fifteen. Um,
Speaker 1: you know, we we need regulators to work with us
Speaker 1: and uh and not against us. You know, we we
Speaker 1: we want them to help us, uh you know, innovate
Speaker 1: at protection ss um, not stifle innovation. Um, you know,
Speaker 1: while while a larding consumers. So yeah, one other question, Um,
Speaker 1: you're you're more in the gaming area, said kind of gambling, betting,
Speaker 1: betting space, not so much. There's other people that are
Speaker 1: doing more of the games where like their skins and
Speaker 1: more like n F t tradeables and whatnot. Are you
Speaker 1: guys aren't in that space? Actually we we kind of
Speaker 1: are so in the in the tradeables area. Um, you know,
Speaker 1: Unicorn is really the only place that you can go
Speaker 1: and convert your skins directly into uk G and then
Speaker 1: and then those skins get actually put into our jackpots,
Speaker 1: so you know, we recycle those skins into jackpots and
Speaker 1: people can participate in jackpots for skins. So we do that.
Speaker 1: But but in terms of like the tradeable stuff, no,
Speaker 1: we don't do that. And the reason we don't is, um,
Speaker 1: there's no game company or publisher that really lets you
Speaker 1: trade skins from their games via crypto, no good game
Speaker 1: like you know, the only ones that do are like
Speaker 1: blockchain based games like the Crypto Kiddies and stuff like that.
Speaker 1: When you look back and look at the different technologies
Speaker 1: and how they progressed, we always kind of see that
Speaker 1: where the companies try to kind of really protect and
Speaker 1: and silo off everything, and then eventually they realized, well,
Speaker 1: it's my I P and I can let it kind
Speaker 1: of flow. And I think we're in that inflection point
Speaker 1: with video games right now. Hopefully eventually they'll say okay, great, yell,
Speaker 1: let's open that up and let you trade. Um, do
Speaker 1: you think that's a reality, and if so, how far
Speaker 1: out do you think that is? Um? I don't know
Speaker 1: if that particular vision is a reality for some time
Speaker 1: to come yet. I think that Valve is the closest
Speaker 1: to actually doing something like that, where they created an
Speaker 1: open marketplace for skins, but it kind of bit them
Speaker 1: in the butt because you know, once people realize that
Speaker 1: skins had a real world value, there was these gambling
Speaker 1: sites coming up that we're all built around skin bedding
Speaker 1: and um and and skin betting became the largest, uh
Speaker 1: underage gambling ring in the history of gambling. I mean,
Speaker 1: it was like a two billion dollar industry before it
Speaker 1: was shut down a couple years ago. Yeah, it was.
Speaker 1: It was projected to be a seven billion dollar industry,
Speaker 1: so you know, they have to be careful about that.
Speaker 1: The other thing is, you know, the idea that I
Speaker 1: can take a weapon from League of Legends and bring
Speaker 1: it into Dota just doesn't really make sense, you know,
Speaker 1: from a game developer standpoint. Um Um, I think there's
Speaker 1: other ways that you can you can use blockchain for gaming,
Speaker 1: like what we're doing, you know, with with using it
Speaker 1: in certain areas that makes sense, like a m L
Speaker 1: you know, doing it for customer betting history, doing it
Speaker 1: so that you know, we can we can uh, we
Speaker 1: can do forensic wallet tracking, you know, regulators can look
Speaker 1: openly at our ledgers things like that. That makes sense. Um.
Speaker 1: And then also you know, we we created a betting
Speaker 1: platform that allows nine thousand bests per second. You know,
Speaker 1: stuff like that, It makes sense. I think, I think. Um,
Speaker 1: when you have a hot industry, like you can always tell,
Speaker 1: you know, if you go to LinkedIn and you see
Speaker 1: things like you know, like the next big buzzwords AI
Speaker 1: and then you've got blockchain and you've got cryptocurrency and
Speaker 1: I c O S and whatever, you can always tell
Speaker 1: you know, business is kind of weird when they start
Speaker 1: to shoehorn two things together. And so you know, when
Speaker 1: when you've got like these game developers who are who
Speaker 1: are specifically building blockchain s based games. That's different than
Speaker 1: a game developer who's trying to create a like um,
Speaker 1: you know, uh, like an MMO type game or a
Speaker 1: or a Battle Royal type game on blockchain, Like why
Speaker 1: why are you doing that? Why don't you just create
Speaker 1: a fun game? Right? Like there's no reason for you
Speaker 1: to create a Battle Royal on blockchain because the gamer
Speaker 1: doesn't give a ship what is on. They just want
Speaker 1: to play a fun game. So you really got to
Speaker 1: understand your audience and what you're building. Yeah, and I
Speaker 1: think it's just gonna take a total disruption where you
Speaker 1: have new games, new new developers, and new games come
Speaker 1: up that allow you to do that. Probably the incumbents
Speaker 1: there won't won't ever allow that, And eventually there's a
Speaker 1: blockchain publisher that does that, you know, that lets you
Speaker 1: trade things around like that. I'm telling you there's there's
Speaker 1: stuff that's coming in our in our industry in particular
Speaker 1: where U where tradeables makes a ton of sense and
Speaker 1: it and it's gonna be fun. Uh, there's gonna be
Speaker 1: sort of betting around it. We're gonna be very much
Speaker 1: involved in it, um and and it makes sense. Um.
Speaker 1: So you'll see yeah, great, that's uh, that's good and
Speaker 1: we'll we'll wrap it up with that. So where can
Speaker 1: people go to find out more about, you know, what
Speaker 1: unicorn is doing and maybe to follow you? Yeah, so
Speaker 1: on Twitter you can follow me at rehole suite are
Speaker 1: a h U L S O O D um, and
Speaker 1: you know Iowa's tweet about what Unicorn is doing. You
Speaker 1: can also follow a Unicorn at unicorn you and I
Speaker 1: care and CEO on Twitter. Um. And then of course
Speaker 1: you can just check out our website www dot unicorn
Speaker 1: dot com. Uh, you and I k r N dot com. Great,
Speaker 1: and we'll link link to all that in the show
Speaker 1: notes as well. All right, well, it's been great, very interesting.
Speaker 1: I'm excited about the intersection of these spaces and and
Speaker 1: we'll wrap it up. All right. Appre Hey, if you
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