Latest / The Paul Barron Crypto Show / Avalanche9000 Upgrade Incoming!🔥🚀John Nahas INTERVIEW🔥

Transcript

Avalanche9000 Upgrade Incoming!🔥🚀John Nahas INTERVIEW🔥 · The Paul Barron Crypto Show

0:05
Speaker 1: A lot of things happening this week and next as
0:08
Speaker 1: we start to see more events, Avalanche is of course
0:10
Speaker 1: having theirs and we're going to be breaking down Avalanche
0:12
Speaker 1: nine thousand for you guys today. You don't want to
0:15
Speaker 1: miss this one. My name is Paul Barren, Welcome back
0:17
Speaker 1: in the tech path. Joining me today is John Najas,
0:19
Speaker 1: who is the chief business officer over at Ava Labs.
0:22
Speaker 1: Great to have John.
0:23
Speaker 2: Good to be back, Paul, Yeah, so yeah, good.
0:26
Speaker 3: To see you.
0:26
Speaker 1: And obviously a lot of things happening within the Avalanche ecosystem.
0:31
Speaker 1: You guys gearing up for your big event in Argentina,
0:34
Speaker 1: so kudos to everything there. Hopefully this is going to
0:36
Speaker 1: be a big one. But I want to just kind
0:38
Speaker 1: of go right into Avalanche nine thousand, give us a
0:42
Speaker 1: little bit of an explanation on it. Why nine thousand,
0:45
Speaker 1: what's kind of the nomenclature there, and then also a
0:48
Speaker 1: little bit about the project itself.
0:51
Speaker 2: Avalanche nine thousand is really a culmination of a lot
0:54
Speaker 2: of different projects that we have coming out at the
0:56
Speaker 2: same time, primarily on the platform side. It's probably the
0:59
Speaker 2: largest upgrading the network's history since the launch of main
1:03
Speaker 2: Net about four years ago. And this is like a
1:06
Speaker 2: collection of all of our ACPs or Avalanche community potfoles
1:09
Speaker 2: of the seventy seven one O three. So there's a
1:12
Speaker 2: lot of things that are that are associated with this,
1:15
Speaker 2: the launch of public permission lists chains, the ability to
1:17
Speaker 2: have projects validate their own chains. We're lowering the costs
1:22
Speaker 2: and the barrier to entry to a lot of new projects,
1:24
Speaker 2: new developers, new builders to launch their own Avalanche l
1:27
Speaker 2: ones which previously used to be called subnets. And it's
1:32
Speaker 2: this kind of culmination that's really been the vision of
1:36
Speaker 2: Avalanche from day one, from the white paper five six
1:39
Speaker 2: years ago that talked about a network of interoperable l
1:41
Speaker 2: one chains. So this is like the final piece. We've
1:45
Speaker 2: launched the interoperability layer earlier this year. This brings about
1:49
Speaker 2: the final piece of that puzzle that really puts Avalanche
1:53
Speaker 2: on the road to the next generation of what this
1:55
Speaker 2: platform and this network of networks really looks like.
1:58
Speaker 1: You know, is this something that we could expect soon
2:01
Speaker 1: or is it more of a long term rollout for
2:03
Speaker 1: seventy seven Yeah, so, I mean.
2:06
Speaker 2: The collection of these network updates will be going on.
2:09
Speaker 2: We already had the interoperability one to go out earlier
2:11
Speaker 2: this year, and by the end of the year, we
2:13
Speaker 2: anticipate all of this will be live and builders and
2:16
Speaker 2: application developers and everybody along those lines will be able
2:19
Speaker 2: to launch their own chains in a public, permissionless way
2:22
Speaker 2: at a lower cost, a lower barrier of entry. I
2:25
Speaker 2: think it's kudos to the team. We took an idea
2:29
Speaker 2: that was first proposed five six years ago and really
2:32
Speaker 2: have been updating it, refining it, and perfecting it along
2:34
Speaker 2: the way. When we first launched subnets, which are now
2:36
Speaker 2: avalanchel ones about a year and a half two years ago,
2:39
Speaker 2: there's a high cost to launch our own chain, and
2:42
Speaker 2: we've taken feedback from partners. We've taken feedback from institutions
2:45
Speaker 2: and enterprises and gaming companies and everybody in between, and
2:49
Speaker 2: really put that into these proposals to make it easier
2:53
Speaker 2: for them to launch chains. Along the way, we've also
2:56
Speaker 2: optimized how those chains work, how much faster they can be,
3:00
Speaker 2: how much cheaper they can be, and the benefit to
3:02
Speaker 2: those builders in launching these chains.
3:05
Speaker 1: For those watching, you know, if you guys don't know
3:07
Speaker 1: completely about what's going on with ACP seventy seven, you
3:10
Speaker 1: can go over to the GitHub and learn a little
3:12
Speaker 1: bit more about the abstract and what kind of what
3:14
Speaker 1: John was talking about and the motivation behind this, the
3:17
Speaker 1: whole thing. This is going to be a big deal.
3:19
Speaker 1: We've talked about this before with you in terms of
3:21
Speaker 1: the opportunity and what that represents, so I am in
3:24
Speaker 1: agreement with you. It's going to be huge for the
3:26
Speaker 1: avax ecosystem for sure. I want to go over to
3:30
Speaker 1: a clip. This is taken from twenty forty nine Token
3:33
Speaker 1: twenty forty nine and it was basically talking about off
3:36
Speaker 1: the grid. So let's go to that clip real quick.
3:46
Speaker 2: You are running around an island.
3:50
Speaker 4: We've in a battle real with one hundred and fifty
3:52
Speaker 4: OTO players. You loot weapons, limbs, and out of such things,
4:00
Speaker 4: and occasionally these boxes will also drop what we call
4:04
Speaker 4: a hex. You then have to carry that X to
4:09
Speaker 4: an extraction point in the extract the extraction point you
4:13
Speaker 4: have to decode that hex, which in essence sends it
4:18
Speaker 4: to all validators up in the space station. You have
4:20
Speaker 4: a space elevator concept of a space station, and those
4:24
Speaker 4: validators then decode that hex. That then allows you to
4:28
Speaker 4: gain those incum items. During the decoding process, which is
4:32
Speaker 4: between a minute and two minutes long. Depending on the
4:34
Speaker 4: level and rarity of the hex, you have to actually
4:36
Speaker 4: defend that extraction point or risk losing your incum items
4:41
Speaker 4: to another team. In addition to that, a very unique
4:44
Speaker 4: aspect of our game is that there is no company store.
4:47
Speaker 4: The only two ways to obtain items is either to
4:49
Speaker 4: find them within a gaming session and extract them, or
4:53
Speaker 4: to purchase them from another gamer that extracted the item
4:57
Speaker 4: and then listed on the PWPER marketplace, Freedom download, free
5:00
Speaker 4: to play PlayStation, Xbox PC, somebody yet to be announced
5:04
Speaker 4: platforms having the first mainstream blockchain enable game ever to
5:09
Speaker 4: launch and console within the next thirty to sixty days,
5:13
Speaker 4: we will have a massive, massive, massive campaign. I can't
5:16
Speaker 4: get into the details they out of that that you
5:18
Speaker 4: guys will see very very shortly.
5:19
Speaker 5: Also very excited to announce that, Yeah, Delphy's making a
5:22
Speaker 5: very very large strategic investment in these guys.
5:25
Speaker 2: It's going to be our logist.
5:26
Speaker 5: Gaming be ever and yeah, very excited to see what
5:29
Speaker 5: the next sort of thirty sixty days bring is. As
5:31
Speaker 5: we approach the Orange Time nine here, this.
5:37
Speaker 1: Is really the first game truly to see multi console
5:41
Speaker 1: on the blockchain. With all that happening in a very
5:44
Speaker 1: short period of time. Obviously, getting seventy seven launch will
5:48
Speaker 1: be critical to be able to make sure to handle
5:51
Speaker 1: the number of transactions. Do you guys feel ready for
5:54
Speaker 1: this kind of exposure.
5:56
Speaker 2: Absolutely? I mean, I think seventy seven takes on another
5:59
Speaker 2: astle respect to this. Their chain is live, their chain
6:02
Speaker 2: is running right now, it's fully optimized. They're running their
6:05
Speaker 2: chain with their validators and their partners running their validators.
6:09
Speaker 2: Seventy seven will make it even more performant and can
6:12
Speaker 2: make it more permissionless if they choose to go down
6:15
Speaker 2: that route. But I really want to highlight how exciting
6:17
Speaker 2: of an opportunity this is not just for Avalanche, not
6:20
Speaker 2: just for Off the Grid, but I think for the
6:22
Speaker 2: space in general. For too long, you know, the space
6:25
Speaker 2: is focused on general purpose blockchains whose real product is
6:30
Speaker 2: their token. What we have been heralding for a long time,
6:33
Speaker 2: and it's fantastic to see the industry kind of catch
6:36
Speaker 2: up to us on this is that purpose built blockchains
6:39
Speaker 2: are needed. Purpose built blockchains provide the solutions necessary to
6:43
Speaker 2: a team like Gozilla with off the Grid two institutions,
6:46
Speaker 2: two enterprises to loyalty and rewards, two encrypto native builders
6:50
Speaker 2: who need their own chain, who need their own environment
6:53
Speaker 2: that are not at the whims of you know, NFT
6:57
Speaker 2: drops and other things that might be congesting the chain,
7:00
Speaker 2: that provide a non linear and non orderly state for
7:06
Speaker 2: these guys to be able to run their program. Right Like,
7:09
Speaker 2: if I am these guys and I'm running a game
7:11
Speaker 2: with hundreds of thousands, if not millions of users, I
7:14
Speaker 2: don't want to be competing for block space. I don't
7:16
Speaker 2: want to be competing for anything else. And the space
7:19
Speaker 2: for so long has continuously brought general purpose blockchains to market.
7:23
Speaker 2: Who fight for users, who fight for product market fit.
7:26
Speaker 2: Our thesis is very simple, and I think Off the
7:28
Speaker 2: Grid is going to be the first and most elegant
7:32
Speaker 2: illustration of this, both for Avalanche and for the space
7:35
Speaker 2: in general, that projects of this size and magnitude and
7:39
Speaker 2: projects that have their own need need their own blockchain.
7:42
Speaker 2: So we're really excited for what's coming. I mean, the
7:45
Speaker 2: fact that you have a triple A game on xboxing
7:46
Speaker 2: PlayStation running their own blockchain tied to the Avalanche network
7:50
Speaker 2: is I think going to be a pivotal point. But
7:53
Speaker 2: both for us and for the space.
7:54
Speaker 1: In general, Sony has already started to move quickly with Sonium.
7:58
Speaker 1: We started to see a lot of other product out
8:00
Speaker 1: there starting to build into Web three ecosystem. One of
8:03
Speaker 1: the ones that has not necessarily taken a big leap
8:05
Speaker 1: forward has been Microsoft. What are your thoughts? Do you
8:09
Speaker 1: think we're going to see them on the move soon
8:11
Speaker 1: in this area.
8:12
Speaker 2: I don't think they're necessarily going to jump in two feet.
8:15
Speaker 2: I think if anything, they're going to wait and see
8:17
Speaker 2: what's working, what's not, and the space, in my opinion,
8:21
Speaker 2: is probably a little bit too early for someone like
8:23
Speaker 2: a Microsoft to either take a bet or to take
8:26
Speaker 2: a chance on something that they're unsure about going forward.
8:28
Speaker 2: I think they're mostly focused on the AI space right now.
8:31
Speaker 2: They're competing on the AI space and want to be
8:33
Speaker 2: more competitive there. On the blockchain side, I think they
8:36
Speaker 2: have the infrastructure necessary that they've been providing to a
8:38
Speaker 2: lot of projects in the space already, and they'll wait
8:41
Speaker 2: to see what they do there.
8:42
Speaker 1: I think that's the thing you have to watch out,
8:43
Speaker 1: because they definitely don't want to be in a position
8:45
Speaker 1: where they miss that in itself. I want to go
8:47
Speaker 1: to another clip here. This is talking about Pulsar, which
8:51
Speaker 1: could go into about a one hundred x in terms
8:54
Speaker 1: of transactions. Take a look.
8:56
Speaker 3: Congratulations for everybody that was playing the test now more
9:01
Speaker 3: than one year. If Pulsar is ready for MAInet at
9:04
Speaker 3: the end of the year, we are going to be
9:07
Speaker 3: moving to tap into tablets first because the screen is
9:11
Speaker 3: more similar, and then into mobiles.
9:15
Speaker 6: Look at this, These are the the NFTs that's is
9:18
Speaker 6: made of. They're going to be a huge amount of units.
9:21
Speaker 6: Something that is also really important. We only sell level
9:24
Speaker 6: one units and buildings.
9:26
Speaker 2: Only.
9:26
Speaker 6: You find something that is level twenty five, twenty four
9:28
Speaker 6: or whatever, one hundred, we didn't do it. It's you
9:31
Speaker 6: are buying that from some other player, and the price
9:34
Speaker 6: of that is going to be the price of the
9:36
Speaker 6: basic unit plus the premium that player. That player is
9:40
Speaker 6: going to add depending on how that person values their
9:43
Speaker 6: time mining is going to be Again the only way
9:47
Speaker 6: to mint new pulls.
9:48
Speaker 3: Are thirty six days, three hours, fifty two minutes thirty
9:53
Speaker 3: seconds to buy the latest Genesis units.
9:58
Speaker 1: I don't think it's too excited about that. Do you
9:59
Speaker 1: think I think is ready to go?
10:03
Speaker 2: And if you look at it and I share the excitement,
10:06
Speaker 2: I share the excitement. I share the excitement with the
10:08
Speaker 2: off the Grid team as well. Right, I think all
10:10
Speaker 2: these builders and you're seeing it first and foremost on
10:13
Speaker 2: gaming on Avalanche, But all these guys have been waiting
10:15
Speaker 2: for these solutions. They've been waiting for them for so long,
10:18
Speaker 2: and the industry has not delivered that. I think we're
10:20
Speaker 2: at a critical moment where this single chain, this monolithic chain,
10:24
Speaker 2: this general purpose chain thesis is starting to move towards
10:27
Speaker 2: the modular thesis, many chains, many l ones. We believe
10:31
Speaker 2: l ones have the safety and the security and the
10:34
Speaker 2: premium of being L one over and O two and
10:37
Speaker 2: that's going to be the technological thing that delivers all
10:40
Speaker 2: these great applications and all these great businesses and all
10:42
Speaker 2: these great news pieces to market that we have been
10:45
Speaker 2: kind of held back on, to be honest, for the
10:47
Speaker 2: lattally agree.
10:49
Speaker 1: Just looking at your l one subnets right here. Obviously
10:53
Speaker 1: a lot of growth. This thing just keeps adding in
10:56
Speaker 1: a new l One's pulsar course is the one we're
10:58
Speaker 1: highlighting here, mainly their transaction growth. And if you see
11:02
Speaker 1: transactions right now continuing to climb on pulsar, this of
11:07
Speaker 1: course will be interesting to see how this starts to
11:10
Speaker 1: transpire within the Avalanche ecosystem. How confident are you guys
11:14
Speaker 1: within the framework right now? Are you guys feeling like
11:17
Speaker 1: you're ready to go?
11:18
Speaker 2: We've been waiting for this moment for a really long time,
11:21
Speaker 2: you like prime. Like I said, it's like the technical culmination,
11:25
Speaker 2: but it's also on the business side, on the marketing side.
11:28
Speaker 2: It's what we've been talking about for years. We've got
11:31
Speaker 2: about sixty chains live I think now, thirty seven of
11:35
Speaker 2: which the projects are live, twenty three like Pulsar, like
11:38
Speaker 2: Off the Gride, still to go live. We have over
11:40
Speaker 2: one hundred on tests, and that's limited to the private
11:43
Speaker 2: permission and the permission public chains that we have and
11:46
Speaker 2: that we've been able to work with up until now.
11:49
Speaker 2: This doesn't include the public permission list chains that will
11:51
Speaker 2: be able to go online post ACP seventy seven and
11:56
Speaker 2: one oh three in the whole Avalanche nine thousand push.
11:58
Speaker 2: That's just going to add a whole new level of
12:00
Speaker 2: innovation of builders, of applications, of public permission lists chains
12:04
Speaker 2: just on top of this. So we're looking at a
12:06
Speaker 2: network of potentially hundreds of chains, and this is a
12:10
Speaker 2: monumental shift in the way we look at blockchains and
12:13
Speaker 2: blockchain networks. You know, everybody looks at total value locked
12:16
Speaker 2: and total transactions and daily or monthly users. We need
12:19
Speaker 2: to look at this in a different way with Avalanche,
12:21
Speaker 2: it's total network users and total network transactions and total
12:24
Speaker 2: network value locked. Because we are purposely moving things onto
12:28
Speaker 2: their own chains, whereas everyone else is trying to coalesce
12:30
Speaker 2: things on their single chain. To provide a single metric
12:33
Speaker 2: to the market to say, look, look how you know
12:36
Speaker 2: much more different than everybody else. We are purposely moving
12:38
Speaker 2: it off and it needs a different lens to look
12:41
Speaker 2: at well.
12:42
Speaker 1: I think within that you're going to be able to
12:45
Speaker 1: see granular data and a lot more information from a
12:48
Speaker 1: lot of these different categories that are growing, and that's
12:51
Speaker 1: going to give the market a lot more data to
12:53
Speaker 1: kind of digest in terms of where the successes are.
12:55
Speaker 1: So I do agree with you now. Once one thing
12:58
Speaker 1: to note here, This was a tweet by IGN. I'm
13:01
Speaker 1: kind kind of curious. I want to get your opinion
13:03
Speaker 1: on this newsom government new some of California. He's signing
13:06
Speaker 1: a bill into law. So this is essentially about the
13:08
Speaker 1: gaming industry that is going to force them, the gaming
13:12
Speaker 1: industry to simply say Hey, you don't actually own your
13:15
Speaker 1: digitally purchased games, films, TVs, et cetera. This could put
13:19
Speaker 1: your just license them. This could start to put a
13:22
Speaker 1: little bit of pressure on the gaming ecosystem to where
13:26
Speaker 1: we could see a lot more people going, wait a minute,
13:28
Speaker 1: but there is a solution for this. It's called web three,
13:31
Speaker 1: and we can own our own assets in here. Do
13:34
Speaker 1: you think this is going to have much of an
13:35
Speaker 1: impact on gaming, especially if we see a lot of
13:37
Speaker 1: states start to go this direction.
13:40
Speaker 2: I mean, I would hope so, right, because what the
13:43
Speaker 2: California government has shown is that companies need to be
13:47
Speaker 2: more transparent. They need to actually let people know what
13:50
Speaker 2: it is that they do or don't own. Whether people
13:52
Speaker 2: pay attention to it or take it seriously, we'll wait
13:54
Speaker 2: and see what the market says. Right, you can nudge
13:57
Speaker 2: people into into making their own decisions by providing them
14:01
Speaker 2: all the facts. Whether they take advantage of that or not,
14:03
Speaker 2: it's up to them. But I do agree that I
14:05
Speaker 2: think with using web three on the back end of gaming,
14:08
Speaker 2: people own their assets. Right. We're going to see this
14:10
Speaker 2: with off the Grid, We're going to see this with Pulsar.
14:12
Speaker 2: So hopefully people start to understand this, and I think
14:14
Speaker 2: it's a breakthrough specifically for gamers, right. I think this
14:18
Speaker 2: space for the longest times has tried to attract gaming
14:22
Speaker 2: and has done so by masquerading a token or something
14:24
Speaker 2: else as a game. What we're seeing now with Pulsar,
14:27
Speaker 2: or what we're seeing with Off the Grid, what we're
14:29
Speaker 2: seeing with a lot of these games nexton to Maplesore
14:31
Speaker 2: Universe that are building on Avalanche is that they are
14:34
Speaker 2: putting the assets into the hands of the owners and
14:37
Speaker 2: the players, and they are making the games better and
14:40
Speaker 2: more accessible to their players by using blockchain on the
14:43
Speaker 2: back end. Blockchain is not the kind of solution. It's
14:47
Speaker 2: the shiny object that makes the game special. It just
14:50
Speaker 2: enables a better game, and that's what gamers really care about,
14:52
Speaker 2: and that's what we're trying to deliver for sure.
14:54
Speaker 1: And I think you look at just some of the
14:57
Speaker 1: advancements that are coming, it seems like everything's coming so fast.
15:00
Speaker 1: One of the big elements that's starting to break in
15:03
Speaker 1: here is featured dot Io. They're getting ready to launch
15:05
Speaker 1: Lollipop Racing on Netflix. As a test, I want to
15:08
Speaker 1: go to a clip real quick to so the audience
15:10
Speaker 1: can kind of understand what this means. Take a look.
15:24
Speaker 7: So for us with you know, Netflix, it was a
15:26
Speaker 7: real use case and trying to show what you could
15:30
Speaker 7: do with blockchain enabled content. This smashed our expectations. I
15:36
Speaker 7: think around now it's about one hundred million eyeballs, it's
15:40
Speaker 7: about half of Netflix's subscription. Each of our deployments are
15:45
Speaker 7: really a way to test the technology. So Lollipop is
15:49
Speaker 7: the two point zero version of that.
15:52
Speaker 1: So that was Stephen from a feature that we interviewed
15:55
Speaker 1: quite some time ago in identifying this. So feature Io
15:58
Speaker 1: using avalanches powered API to come in and do this
16:02
Speaker 1: whole idea around smart content which is going to be
16:05
Speaker 1: able to integrate into streaming platforms or a media file.
16:10
Speaker 1: So this is going to give brands all sorts of
16:12
Speaker 1: I think businesses in general, a new way to interact
16:16
Speaker 1: with content consumers and that's going to be a big deal.
16:18
Speaker 1: Features right on the edge of this and this test
16:20
Speaker 1: opening on how well this goes could be a huge
16:23
Speaker 1: breakthrough in content streaming and really kind of shift media
16:27
Speaker 1: in general. What are your thoughts about this kind of advancement.
16:31
Speaker 2: So it's great that you had Stephen on He's one
16:32
Speaker 2: of those founders that you could tell his passion from
16:35
Speaker 2: just hearing him speak, and we believe that in his
16:38
Speaker 2: vision and his passion as well. So Feature is doing
16:41
Speaker 2: great stuff, right. I think they're showing that you can
16:43
Speaker 2: use blockchain on the back end to enable and empower
16:46
Speaker 2: smart content and for people that provide content to reward
16:49
Speaker 2: their users, to attract their users, and to track that. Right. So,
16:53
Speaker 2: if you're watching a movie trailer on YouTube potentially, or
16:57
Speaker 2: streaming a movie on one of the major streaming sites,
17:00
Speaker 2: you'll start to collect these NFTs or these smart content
17:02
Speaker 2: enabled assets along the way, and it's curated, right. Everyone
17:07
Speaker 2: has a different experience. You might be watching a movie.
17:09
Speaker 2: I might get it at the five minute mark, you
17:11
Speaker 2: might get it at the credits, right, but it makes
17:13
Speaker 2: sure that you're still watching it throughout the point and
17:16
Speaker 2: you're getting rewarded for that, and you can start to
17:18
Speaker 2: collect things across multiple brands, across multiple properties, and IP
17:24
Speaker 2: they're doing great stuff. They have fantastic partnerships. They come
17:27
Speaker 2: to this world from the traditional kind of marketing IP
17:31
Speaker 2: content world.
17:32
Speaker 1: Right.
17:32
Speaker 2: They're not cryptomated people trying to find to break in.
17:35
Speaker 2: They have a long established track record in this space
17:38
Speaker 2: and they're using the technology yet again to enable a
17:41
Speaker 2: use case that otherwise they would not be able to
17:43
Speaker 2: do without the technology.
17:45
Speaker 1: If you think about this test going forward and the success.
17:49
Speaker 1: If it is success, why to anticipate it will be
17:52
Speaker 1: We could see a big, big release in twenty twenty
17:55
Speaker 1: five with a lot of new content coming out on
17:58
Speaker 1: out or excuse me, on Netflix. Game comes out in December,
18:01
Speaker 1: so that's getting ready to launch. And if you look
18:04
Speaker 1: at how the first Squid game did, I mean it
18:06
Speaker 1: was pretty much a phenomenon. This is the kind of
18:09
Speaker 1: thing that we could see a breakthrough because if you
18:11
Speaker 1: have something that is a premium asst like a Squid game,
18:14
Speaker 1: that could go into launching some of this smart content elements,
18:19
Speaker 1: this could be a pretty big breakthrough I think for
18:21
Speaker 1: streaming in general, which means you're going to see all
18:23
Speaker 1: the other platforms. Apple will have to come to the table.
18:26
Speaker 1: Amazon's going to be coming to the table. So you
18:29
Speaker 1: guys are in the right place at the right time.
18:30
Speaker 1: I want to talk about speed, all right, speed, And
18:35
Speaker 1: you think about speed, you got to consider the amount
18:39
Speaker 1: of speed that's coming from some of the other blockchains.
18:41
Speaker 1: Sui of course, is one that we talk about here
18:44
Speaker 1: fantastically fast blockchain. Do you feel like you are ready
18:49
Speaker 1: for the kind of L one activity that's going to
18:52
Speaker 1: be coming to avax in the next you know, twelve months.
18:57
Speaker 2: Look credit to the Sui team and a lot of
19:00
Speaker 2: our competitors and other people in their space. I think
19:02
Speaker 2: everybody has a different offering and a different reason for
19:07
Speaker 2: why they believe they're the strongest. But at the end
19:10
Speaker 2: of the day, it's really apples and oranges. I don't
19:12
Speaker 2: believe any single blockchain, whether it's I'm not going to
19:16
Speaker 2: list them, pick your favorite L one blockchain can handle
19:19
Speaker 2: it off the grid and a pulsar and the features
19:22
Speaker 2: I O and institutional finance and enterprise and loyalty and
19:26
Speaker 2: defile and right like the list is endless. Our thesis
19:32
Speaker 2: and our belief from day one is that you need
19:34
Speaker 2: many interoperable Layer one blockchains to handle the load, to
19:38
Speaker 2: be jurisdiction specific, compliance specific, assets specific, whatever it may be. Right,
19:43
Speaker 2: All these general purpose blockchains are fantastic, They have a
19:46
Speaker 2: great virtual machine They all have a little tweak from
19:48
Speaker 2: the other. There's a couple move virtual machine chains. There's
19:51
Speaker 2: a couple, you know, dozens of EVM chains. At the
19:55
Speaker 2: end of the day. All of them are general purpose.
19:58
Speaker 2: And the thesis here is that general purpose is a
20:01
Speaker 2: great place to maybe launch an application, but if you
20:03
Speaker 2: need scale, if you need speed, if you need customizability,
20:07
Speaker 2: if you need predictability in fees and load testing and
20:10
Speaker 2: whatever it may be, you need your own chain. And
20:13
Speaker 2: right now I believe we are the ones that are
20:15
Speaker 2: bringing the best solution to market. That'll be the most
20:18
Speaker 2: cost effective, that'll be the most performance, and that'll be
20:21
Speaker 2: the most interoperable.
20:22
Speaker 1: And I will have to commend you, John, You're not
20:25
Speaker 1: breaking stride here. You're staying with that message all the
20:27
Speaker 1: way through. So that's good. But one thing that is
20:31
Speaker 1: moving in the market has been these predictive markets. Of course,
20:35
Speaker 1: poly market hits number two on the app on the
20:38
Speaker 1: app download list, which is insane because that app itself
20:41
Speaker 1: was not that much other than just the you know,
20:44
Speaker 1: it really wasn't even an app. It was just showing
20:46
Speaker 1: the current race. But the point is there's a lot
20:48
Speaker 1: of interest in prediction markets. Now. We've got a little
20:52
Speaker 1: of regulatory alignment here in the US is and if
20:55
Speaker 1: you look at some of the projects that are launching
20:57
Speaker 1: out there, of course one of the ones that's come
21:00
Speaker 1: out is Inertia, which is writing on Avalanche and this
21:03
Speaker 1: is going to be coming live, looks to be next week,
21:07
Speaker 1: so bet it all on green next week. This could
21:11
Speaker 1: be pretty huge. Do you feel like it's a little
21:13
Speaker 1: too late for the predictive markets or you feel like, hey,
21:15
Speaker 1: the predicted for markets are much wider than just politics,
21:18
Speaker 1: and we're going to see this continue to grow.
21:20
Speaker 2: I think it's much wider than politics. But I first
21:22
Speaker 2: want to command the poly Market team. I think they've
21:24
Speaker 2: done a fantastic job at providing a really good solution,
21:28
Speaker 2: a really good product, and making it that blockchain is
21:31
Speaker 2: not the key component right. Blockchain enables this, and I
21:35
Speaker 2: think in an age where people are weary of traditional
21:38
Speaker 2: news or unsure about where news comes from or how
21:40
Speaker 2: polling is done, Polymarket has taken a market approach to
21:44
Speaker 2: find data and people's opinions and put it into a
21:48
Speaker 2: prediction market, which here people trust more than they do
21:51
Speaker 2: traditional news, media and polling. So kudos to them, Kudos
21:55
Speaker 2: to Shaman team. I think what they've done is fantastic,
21:57
Speaker 2: and they've taken it mainstream in a way that a
21:59
Speaker 2: lot of projects in Web three and crypto have failed
22:02
Speaker 2: to do so far, so they get all the credit
22:04
Speaker 2: for doing that. I think they've been very politics focused, rightfully,
22:08
Speaker 2: So that's the biggest thing. I think come November six,
22:11
Speaker 2: we're going to see what's the next thing for prediction markets.
22:13
Speaker 2: I think there's plenty of space for politics, sports, news,
22:18
Speaker 2: world events. The list goes on and on. It's yet
22:23
Speaker 2: to be seen if one prediction market will dominate across
22:27
Speaker 2: all of those verticals, or if different prediction markets will
22:30
Speaker 2: pop up for different kind of segments and sectors. I
22:32
Speaker 2: think there are some compliance issues that need to be
22:34
Speaker 2: taken into account and regulatory issues depending on what the
22:38
Speaker 2: prediction markets are are actually opening up markets for. But
22:41
Speaker 2: look poly markets leading here. Everybody's trying to have a
22:45
Speaker 2: piece of this pie. It's cbd who's gonna win out
22:49
Speaker 2: or if there's gonna be many winners, But regardless, I
22:51
Speaker 2: think it's fantastic for the space and fantastic to see
22:55
Speaker 2: all the growth on that front.
22:56
Speaker 1: Yeah, I'm excited to see what inertial gets going because
22:59
Speaker 1: this could be interesting to see a new you know,
23:02
Speaker 1: just a new slant on predictive markets in general of
23:05
Speaker 1: how that might look, as there could be a lot
23:07
Speaker 1: more innovations around how it's being utilized. For sure, I
23:10
Speaker 1: only hit on one last thing before I let you go,
23:13
Speaker 1: and that of course Avalanche being I would consider one
23:16
Speaker 1: of the top gaming chains, if not the number one
23:19
Speaker 1: potential gaming chain that's out there. Playtron of course partnered
23:23
Speaker 1: with Suey. They launched their platform, their combined platform with
23:27
Speaker 1: the Platron and the Suey Play program. You look at
23:31
Speaker 1: how Nintendo in the handheld market is also getting very
23:35
Speaker 1: aggressive on how they're marketing, trying to retain these mobile
23:39
Speaker 1: gaming players out there. This was a tweet by Platron saying, hey,
23:43
Speaker 1: Nintendo getting increasingly aggressive with the handheld gaming influencers and
23:46
Speaker 1: they're terrified of what handheld gaming PCs are going to
23:49
Speaker 1: do and possibly to the Switch franchise, which is pretty
23:52
Speaker 1: much the leader out there. So is it possible that Avalanche,
23:58
Speaker 1: being one of the top gaming platforms, could launch a
24:02
Speaker 1: gaming platform that is mobile in kind? We have a
24:06
Speaker 1: picture of it right here. It's red. We thought red.
24:12
Speaker 2: I love the red look. I think everything is possible.
24:16
Speaker 2: I think our number one goal is to enable the
24:19
Speaker 2: best builders, the best developers, the best companies to build
24:22
Speaker 2: the best products possible and we will provide them with
24:25
Speaker 2: the blockchain that's necessary to meet their demands and their needs.
24:30
Speaker 2: I'll let the market kind of build the best solutions,
24:32
Speaker 2: and the best products will be here to support all
24:34
Speaker 2: of them, uh, technologically, in any way we can. Look,
24:38
Speaker 2: there's so many great.
24:39
Speaker 1: Things I think coming.
24:42
Speaker 2: I think there's so many builders in this space in general.
24:44
Speaker 4: Right.
24:45
Speaker 2: You just mentioned Inertia on the prediction markets out on
24:47
Speaker 2: an Avalanche. They're taking a different approach across gaming of course,
24:52
Speaker 2: you know, very proud of the work the team has
24:53
Speaker 2: done and all the top names that we have there,
24:56
Speaker 2: and also all the new developers and rising stars on
25:00
Speaker 2: that front alongside institutions and Cryptonatus and everybody else.
25:05
Speaker 1: So very cool.
25:06
Speaker 2: You know, we're really pushing to support everybody.
25:09
Speaker 1: So hey, listen, we're watching everything that you guys are
25:11
Speaker 1: doing in a big way. We know the event, of course,
25:14
Speaker 1: you're going to probably be announcing all sorts of great things.
25:17
Speaker 1: We'll be on the edge of our seat watching all that. So, John,
25:20
Speaker 1: it's been great having you on the show again. Thanks
25:22
Speaker 1: for coming in.
25:22
Speaker 2: Thanks Paul, it's a pleasure good to be with you.
25:24
Speaker 1: You bet all right, So listen, guys, if you're of course,
25:28
Speaker 1: we'll be covering the AVAX event down in Argentina coming
25:31
Speaker 1: up this week or next week. And also we've got
25:34
Speaker 1: the Swell event. Robin Hood's got a big event here
25:37
Speaker 1: in Miami. There's a lot getting ready to happen, so
25:39
Speaker 1: you make sure and stay tuned right here for now.
25:41
Speaker 1: Subscribe to the channel. Make sure and do that right now,
25:44
Speaker 1: and hit that little bell because you're gonna get notification
25:46
Speaker 1: when we do live streams all that good stuff, and
25:48
Speaker 1: of course get in on the Diamond Circle. We always
25:50
Speaker 1: leave a link down below catch me on x at
25:52
Speaker 1: Paul Baron. We'll catch you next time right here on
25:54
Speaker 1: tech Path one