Latest / The Paul Barron Crypto Show / Algorand Death Blow💀FIFA Ditches $ALGO for Ethereum, AVAX & $DOT

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Algorand Death Blow💀FIFA Ditches $ALGO for Ethereum, AVAX & $DOT · The Paul Barron Crypto Show

• 0:06
  Speaker 1: A sentiment breaking development has occurred. It's all about the
• 0:09
  Speaker 1: Algorand chain. Today we're going to break it down for you.
• 0:11
  Speaker 1: My name is Paul Barrel. Welcome back in a tech path.
• 0:13
  Speaker 1: Let's get going. I want to thank our sponsor and
• 0:15
  Speaker 1: that is I Trust Capital. This is a place where
• 0:17
  Speaker 1: you guys can get started on your CRYPTOIRA and you
• 0:20
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  Speaker 1: can transfer one in from an existing IRA. So it's
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• 0:34
  Speaker 2: Check it out. Let's go over to a couple of
• 0:36
  Speaker 2: points I want to.
• 0:37
  Speaker 1: Hit on right here, and that is the topic of
• 0:40
  Speaker 1: Algorand and FIFA. Now, you guys know, I'm sure you've
• 0:43
  Speaker 1: heard the news. We'll talk about that, but this was
• 0:46
  Speaker 1: a big deal. We did this video almost three years ago,
• 0:49
  Speaker 1: over two years ago. Algrind and FIFA the analysis, we
• 0:51
  Speaker 1: broke it down. We've had Algoran on the show many times.
• 0:54
  Speaker 1: The one argument that I've always had around the Algorand
• 0:57
  Speaker 1: token and many of its projects they were too slow.
• 1:01
  Speaker 1: Marketing efforts were too slow in being able to get
• 1:05
  Speaker 1: when there's so much activity in the crypto markets.
• 1:07
  Speaker 2: Now, you probably probably remember this picture right here.
• 1:10
  Speaker 1: This is of course, of the FIFA chair and that's
• 1:12
  Speaker 1: Silvio himself, one of the leads over at Algarn, the
• 1:15
  Speaker 1: guy who has created the idea of what Algoran really
• 1:17
  Speaker 1: means and behind Algoranz technology is very solid, but it
• 1:22
  Speaker 1: gets down to narrative, and I think narrative is a
• 1:25
  Speaker 1: thing that many companies in the crypto space have to
• 1:29
  Speaker 1: be able to latch onto. And here's a good example
• 1:32
  Speaker 1: because this was just last week where they were still
• 1:35
  Speaker 1: boasting about the whole issue about the partnership with FIFA. Okay,
• 1:38
  Speaker 1: granted that's reasonable, but the reality is is that we're
• 1:42
  Speaker 1: continuing to see issues flowing in a lot of these partnerships.
• 1:46
  Speaker 2: This of course was talking about.
• 1:47
  Speaker 1: And one of the reasons that we really liked Algren
• 1:49
  Speaker 1: was obviously because of the FIFA partnership, but also this
• 1:52
  Speaker 1: one right here, and that was the potential of decentralized
• 1:56
  Speaker 1: ticket sales, among many others. I still think that's going
• 1:59
  Speaker 1: to be a big market going forward. Now, whether algorand
• 2:02
  Speaker 1: is going to be involved in with That's the real question,
• 2:04
  Speaker 1: all right. One thing that you have to worry about,
• 2:05
  Speaker 1: of course, is where the competition is coming from. This
• 2:08
  Speaker 1: of course is Chili's and Socio's. They also were launching
• 2:12
  Speaker 1: the potential around ticketing and they are also very connected
• 2:15
  Speaker 1: to the soccer p uh you know sector as well,
• 2:18
  Speaker 1: which is another big factor that plays into this whole
• 2:20
  Speaker 1: FIFA news.
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  Speaker 2: FIFA shifts its.
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  Speaker 1: NFT platform now to a new Ethereum compatible blockchain.
• 2:26
  Speaker 2: That's the news.
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  Speaker 1: They're stepping away from Algoran and that wasn't really with
• 2:30
  Speaker 1: like a bridge or they're just stepping away. It's like
• 2:33
  Speaker 1: I'm out of here and they're going directly in and
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  Speaker 1: they don't even care what compatible blockchain they're going to.
• 2:39
  Speaker 1: That's how much of an impact it could have going forward.
• 2:43
  Speaker 1: And I think when you look at that and this
• 2:45
  Speaker 1: next clip, because this next clip will get into the
• 2:48
  Speaker 1: whole issue because this was going on during the summit.
• 2:51
  Speaker 2: Remember the Crypto summit where you.
• 2:52
  Speaker 1: Know all those crypto heads in there, you know, you
• 2:55
  Speaker 1: had Trump in there and David Sachs and.
• 2:58
  Speaker 2: Then here comes FIFA. Listen to this.
• 3:01
  Speaker 3: Take a look, show how beautiful the World Cup trophy
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  Speaker 3: is will you go ahead? So this is the new
• 3:09
  Speaker 3: trophy of a new as you can see if I
• 3:13
  Speaker 3: managed to do it. Yes, it's a treaty to day.
• 3:22
  Speaker 3: It's the stadiums, beautiful stadiums in the stages in the
• 3:27
  Speaker 3: United States of America were So if there is anyone
• 3:30
  Speaker 3: here with interested team up with FIFA, are the United
• 3:36
  Speaker 3: States of America and we're home. Thank you, thank you.
• 3:39
  Speaker 3: That join may be worth more than FIFA in the end.
• 3:46
  Speaker 2: It could be quite a coin.
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  Speaker 1: Actually you can kind of see a little bit Craney.
• 3:51
  Speaker 1: I know the editors were having fun with that point
• 3:53
  Speaker 1: being as he has to said, a couple of things
• 3:55
  Speaker 1: in there. One of course, is during that whatever that was,
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  Speaker 1: he was the FIFA head was asking for partnerships, partnerships
• 4:02
  Speaker 1: right there in front of all these different crypto companies,
• 4:05
  Speaker 1: and you had Trump even saying, hey, there's gonna be
• 4:08
  Speaker 1: a FIFA coin out there. So there was some clear
• 4:11
  Speaker 1: in this, I think indications that something was afoot going
• 4:16
  Speaker 1: into this for sure. Now I want to talk about
• 4:18
  Speaker 1: this a little bit further because this is Sean Ford.
• 4:20
  Speaker 1: He's talking about why business didn't remember sound forward with
• 4:23
  Speaker 1: Al Grand He's basically saying businesses don't like shifting blockchain.
• 4:27
  Speaker 4: Take a look, I mean, just amazing benefits that Algren
• 4:31
  Speaker 4: has versus let's say in a theorem, which is so
• 4:33
  Speaker 4: struggling gas fees and so forth, and Algren being very
• 4:37
  Speaker 4: energy efficient. Are they kind of knocking your door like, okay,
• 4:41
  Speaker 4: we want to explore this and we want to test
• 4:43
  Speaker 4: this out.
• 4:43
  Speaker 5: A lot of times businesses, especially ones that have a
• 4:46
  Speaker 5: certain operating system, they're very reluctant to change because obviously
• 4:53
  Speaker 5: there's risks associated with it.
• 4:54
  Speaker 2: And all right, so there are risks associated with those things.
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  Speaker 1: But for whatever reason, FIFA stepping away so abruptly is
• 5:02
  Speaker 1: a big deal. Now, there may be a timing thing
• 5:04
  Speaker 1: playing into this. Here's Miami dad commissioners that they're giving
• 5:08
  Speaker 1: an initial approval for another ten and a half million
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  Speaker 1: in extra World Cup funding. And I want to showcase
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  Speaker 1: something right here. This is happening down in Miami. They're
• 5:18
  Speaker 1: going to have an economic impact similar to hosting seven
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  Speaker 1: Super Bowls. That's what's coming into the World Cup arena.
• 5:27
  Speaker 1: And FIFA of course is well known for that. Now
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  Speaker 1: what does that mean. It means that I think FIFA
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  Speaker 1: is trying to line up and seize the moment. And
• 5:36
  Speaker 1: of course when you look at what's going on over
• 5:38
  Speaker 1: on Avalanche, somebody back here on April sixteenth launched a
• 5:43
  Speaker 1: FIFA blockchain. This is a lair one that's happening within
• 5:47
  Speaker 1: the avax ecosystem. And it's not like this is being hidden.
• 5:51
  Speaker 1: I mean these are actually opened into the network. So
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  Speaker 1: you look at that and also the growth of these
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  Speaker 1: layer ones. Could this be an indicator that we could
• 6:00
  Speaker 1: see a shift on FIFA over to something like an
• 6:03
  Speaker 1: avalanche other things. If you look at ALGHN in terms
• 6:06
  Speaker 1: of core developers from the peak which was right around
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  Speaker 1: the time that this was going on this partnership to
• 6:12
  Speaker 1: where they are now has really declined, so I think
• 6:15
  Speaker 1: that had a big contributing factor to it. You look
• 6:17
  Speaker 1: at a comparison to Avalanche back from that same area
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  Speaker 1: around twenty one to twenty two, it has been increasing
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  Speaker 1: in terms of total developers all right. So interoperability is
• 6:29
  Speaker 1: going to be one of those things that someone like
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  Speaker 1: FIFA is going to be that's going to be paramount.
• 6:34
  Speaker 1: It's going to be one of the key things they want.
• 6:35
  Speaker 1: This is a good example right here with gunsmy net
• 6:38
  Speaker 1: rolling out to its first thousand people. This of course
• 6:40
  Speaker 1: is all on Gunzilla. If you guys haven't been following along,
• 6:43
  Speaker 1: this is on the Avalanche ecosystem. And then of course
• 6:47
  Speaker 1: Off the Grid is now officially verified on open Sea,
• 6:50
  Speaker 1: which means all of these layer once are going to
• 6:53
  Speaker 1: be available on open See and their NFT, so all
• 6:56
  Speaker 1: that's going to hit the marketplace. Because this is just
• 6:59
  Speaker 1: to show you an Exams Apple Exclusive premiere Open Sea
• 7:01
  Speaker 1: weapons skin. This is you know, the Gunzilla skins if
• 7:04
  Speaker 1: you guys don't know the game Off the Grid, and again,
• 7:07
  Speaker 1: all of this means collectibles, just like with FIFA. Remember
• 7:11
  Speaker 1: FIA as also a game, all right, so remember Magic Eden,
• 7:15
  Speaker 1: these guys are expanding to support Avalanche ecosystem as well.
• 7:19
  Speaker 1: Let me go to this next clip because this clip
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  Speaker 1: will get into a little bit more detail on where
• 7:23
  Speaker 1: the FIFA CEO.
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  Speaker 2: And how he wants to do it for young gamers.
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  Speaker 3: Take a look, many of the young generation, many of
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  Speaker 3: you know FIFA as well from the game, right from
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  Speaker 3: the simulation game. Maybe in future we know FIFA as
• 7:39
  Speaker 3: well for its cryptocurrency or for other tokens that we
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  Speaker 3: will elaborate together.
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  Speaker 1: All right, So he had already started talking about this,
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  Speaker 1: even back when he was talking with Silvia, there is
• 7:51
  Speaker 1: that they were intending to launch some potential tokens. If
• 7:55
  Speaker 1: you look at that, along with what Mythical has been
• 7:57
  Speaker 1: able to do, they are all also looking at where
• 8:02
  Speaker 1: you need to create these game integrations, not just NFTs.
• 8:06
  Speaker 6: Take a look at this clip, well, I think a
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  Speaker 6: lot of chain and tech companies would throw money to
• 8:11
  Speaker 6: them to be like just to try and get a
• 8:14
  Speaker 6: leg in, you know, like they just needed something. And
• 8:17
  Speaker 6: you see a lot of fractured attempts out there that
• 8:21
  Speaker 6: everybody's kind of going everywhere. Which is fine, I mean
• 8:24
  Speaker 6: that's great, Okay, cool, we got this and it's on
• 8:26
  Speaker 6: this chain doing this thing, and we're like, we can't
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  Speaker 6: really do much with that. I mean it's like the
• 8:31
  Speaker 6: amount of work to make that interoperable would be very difficult.
• 8:34
  Speaker 6: But I do think what we're seeing the benefit is
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  Speaker 6: they have experimented, which is great. But I do think,
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  Speaker 6: like I said, I think if you start having a
• 8:41
  Speaker 6: game like a FIFA Rivals that we're getting one hundred
• 8:44
  Speaker 6: million people playing, it does become a platform, right, So
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  Speaker 6: suddenly leagues can come in and run their own stuff
• 8:51
  Speaker 6: and they can have their own Web three initiatives, but
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  Speaker 6: it can become the basis of esports for different groups.
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  Speaker 6: It could become the basis of tournament structures or way
• 8:59
  Speaker 6: even Web threes strategies right of how they want to
• 9:01
  Speaker 6: deliver Web three to their audience.
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  Speaker 1: Yeah, so that is a big deal because it starts
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  Speaker 1: to affect a lot of these games, especially what he's
• 9:07
  Speaker 1: talking about with FIFA rivals. Here's four games that people
• 9:11
  Speaker 1: are looking for. Pudge Party, which we know is going
• 9:13
  Speaker 1: to come, Creeps is coming in right there, FIFA rivals,
• 9:16
  Speaker 1: and he is right. It will potentially create platform, especially
• 9:20
  Speaker 1: when you look at the leagues that could be around
• 9:22
  Speaker 1: this and playing into this, because it is a global
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  Speaker 1: sport that has a ridiculous amount of fans and very
• 9:30
  Speaker 1: rabid fans. So I think there is a huge opportunity.
• 9:33
  Speaker 1: So the step away from Algorand is a big one.
• 9:36
  Speaker 1: One thing on mythical is that it's not just related
• 9:39
  Speaker 1: to the soccer ecosystem. Here you have NFL rivals. Obviously
• 9:42
  Speaker 1: the draft just happened this last weekend. This is going
• 9:45
  Speaker 1: to open up a lot of opportunity. In fact, so
• 9:48
  Speaker 1: much they had an all time high at forty three
• 9:50
  Speaker 1: million in NFT sales volume. So you can see this
• 9:54
  Speaker 1: and of course this is being connected to Polka Dot.
• 9:57
  Speaker 1: You can see how all of this is going to
• 9:58
  Speaker 1: start really making it's way into many of these organizations
• 10:03
  Speaker 1: and only get bigger. Here's the CEO of Mythical talking
• 10:06
  Speaker 1: about the potential.
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  Speaker 2: Take a look.
• 10:09
  Speaker 7: Madden on mobile is about twenty five million players a year.
• 10:12
  Speaker 7: NFL Rivals is already six and a half million after
• 10:15
  Speaker 7: eighteen months. Chief of though, the old chief of mobile
• 10:17
  Speaker 7: game in a World Cup year five hundred million players
• 10:20
  Speaker 7: a year on mobile, CHIFA Mobile during the World Cup
• 10:22
  Speaker 7: twenty twenty two it had eighty five million daily players,
• 10:26
  Speaker 7: more than Roadblocks, more than Fortnite. It was bigger than
• 10:29
  Speaker 7: both those games.
• 10:30
  Speaker 1: Get that in your head, guys, more than Roadblocks and Fortnite.
• 10:34
  Speaker 1: That's how big of an opportunity we could see. Polka
• 10:37
  Speaker 1: Dot Hub is also coming soon, enabling you to deploy
• 10:41
  Speaker 1: smart contracts. This will be going into where we're going
• 10:43
  Speaker 1: to see this on ethereum. This again goes back to
• 10:46
  Speaker 1: the point of FIFA saying we are going to choose
• 10:49
  Speaker 1: or go into possibly multi chain. I would think in
• 10:52
  Speaker 1: the sense of being able to just be in the
• 10:54
  Speaker 1: ethereum ecosystem.
• 10:55
  Speaker 2: They understand that it has these huge opportunities.
• 10:58
  Speaker 1: If you take a look at albrahim And right now
• 11:01
  Speaker 1: from its height to where it is right now, I
• 11:03
  Speaker 1: just don't know that this project is going to come
• 11:04
  Speaker 1: back from this unless there is something big brewing in
• 11:08
  Speaker 1: the Algorand ecosystem that we haven't seen. Let me know
• 11:11
  Speaker 1: in the comments if you guys think that that's happening
• 11:14
  Speaker 1: out there. And of course if you're an Algorand holder,
• 11:17
  Speaker 1: this is probably what you feel like right now.
• 11:23
  Speaker 3: Today. I feel gay today, I feel disabled.
• 11:36
  Speaker 1: So I completely understand where the Algoran investors are right now,
• 11:41
  Speaker 1: and it's not you know, we see projects like this
• 11:44
  Speaker 1: that go down don't come back. It happens in every cycle.
• 11:48
  Speaker 1: The key here is narrative, it is sentiment. Is how
• 11:52
  Speaker 1: partnerships are built and are they executed. That is the
• 11:56
  Speaker 1: key for any project out there. So when you guys
• 11:58
  Speaker 1: are selecting no financial advice, those are the things you
• 12:01
  Speaker 1: need to look for that are very very interesting cornerstones
• 12:06
  Speaker 1: that every project should have in its place. Get in
• 12:09
  Speaker 1: on a diamond circle. If you're not there right now,
• 12:10
  Speaker 1: it's a great place to get additional content from me
• 12:13
  Speaker 1: and hit me up on x at Paul Baron. We'll
• 12:16
  Speaker 1: catch you next time, right here on Techpath