Latest / The Paul Barron Crypto Show / Solana Supercycle Begins... Time To Buy?🚀Yat Siu INTERVIEW🔥Animoca Brands

Transcript

Solana Supercycle Begins... Time To Buy?🚀Yat Siu INTERVIEW🔥Animoca Brands · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Hey guys, let's jump into a little bit about what's
• 0:02
  Speaker 1: going on in the Salana ecosystem. There is a lot
• 0:05
  Speaker 1: happening that could center around RWA's and gaming, so you
• 0:09
  Speaker 1: don't want to miss this one. Stay tuned. You've probably
• 0:12
  Speaker 1: heard me mention Uphold before, and there's a reason I
• 0:15
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• 0:18
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• 0:21
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• 0:24
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• 0:27
  Speaker 1: your crypto or your cash anywhere visa is accepted, all
• 0:31
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• 0:35
  Speaker 1: It's the easiest way to stack rewards on your daily spending.
• 0:39
  Speaker 1: Download the Uphold app for more and get started. We're
• 0:42
  Speaker 1: going to have Yatsu. He's going to be coming on
• 0:44
  Speaker 1: here in a sack end from animalal Brands. One thing
• 0:46
  Speaker 1: that we've noticed and started to really track closely is
• 0:49
  Speaker 1: something that is happening in the Pokemon ecosystem. If you
• 0:52
  Speaker 1: look at their performance in comparison to the s and
• 0:56
  Speaker 1: P five hundred. Because SMP five hundre obviously we know
• 0:58
  Speaker 1: what bitcoin is done. This is in terms of performance
• 1:01
  Speaker 1: since January first down thirty three. This is astounding for
• 1:05
  Speaker 1: me to see these kind of numbers and very interesting.
• 1:07
  Speaker 1: But I think there's some reasons why. One of the
• 1:10
  Speaker 1: things that I'll showcase here on this tweet right here
• 1:12
  Speaker 1: Salona is dex volumes surpassed fifteen billion last week. That's
• 1:16
  Speaker 1: the highest level in thirteen weeks. As we continue to
• 1:19
  Speaker 1: see more aggressive natures around that. And then when you
• 1:23
  Speaker 1: go over to what's going on over on DeFi Lama,
• 1:26
  Speaker 1: this is where it gets kind of interesting because the
• 1:28
  Speaker 1: fact that we are starting to see Solana getting very
• 1:32
  Speaker 1: close well actually dominating, and kind of see right there
• 1:35
  Speaker 1: with Collector Crypt, Jupiter, etc. That is starting to dominate
• 1:39
  Speaker 1: where these rbas are heading. This ecosystem is maybe just
• 1:44
  Speaker 1: getting started. The kind of growth that we have seen.
• 1:47
  Speaker 1: This is just an example of Collector growth in just
• 1:51
  Speaker 1: a very short period of time continuing to accelerate. And
• 1:54
  Speaker 1: you'll notice Collector Crypt right there starting to move very
• 1:58
  Speaker 1: aggressively and being with Courtyard. So is that a question
• 2:01
  Speaker 1: mark right now are we going to potentially see that
• 2:05
  Speaker 1: flip Courtyard Because when you look at some of the
• 2:07
  Speaker 1: trends out there right now, this is just Pokemon trends, okay,
• 2:11
  Speaker 1: compared to Bitcoin. This goes all back, all the way
• 2:13
  Speaker 1: back to Pokemon Go. You're got to see it, guys.
• 2:16
  Speaker 1: This is this is dominance. I mean, this is eleven
• 2:19
  Speaker 1: to one in terms of average interest or eleven to
• 2:21
  Speaker 1: two average interest. And it's intriguing to me to see
• 2:26
  Speaker 1: all the new products and potential launches that are occurring
• 2:30
  Speaker 1: within the Salona ecosystem. So today I wanted to bring
• 2:33
  Speaker 1: in yacht Sue coming in from yacht from Animoka Brands.
• 2:36
  Speaker 1: He's been on the show many times.
• 2:38
  Speaker 2: How are you ye, Great to see you and what's
• 2:40
  Speaker 2: a pleasure to be on the show.
• 2:41
  Speaker 1: Yeah, so we've got a lot happening here. Yeah, Sue,
• 2:44
  Speaker 1: would Salona be a good token right now, especially with
• 2:48
  Speaker 1: this dip that we're seeing in terms of graphing something.
• 2:51
  Speaker 3: Yeah.
• 2:51
  Speaker 2: So first of all, generally, I think my general view
• 2:55
  Speaker 2: on L one and L two's and you know, our
• 2:57
  Speaker 2: thesis are on old coins probably speaking that we do
• 3:00
  Speaker 2: think that all coins are going to ultimately outperform Bitcoin
• 3:03
  Speaker 2: as a collective, and I think we're seeing some inklings
• 3:06
  Speaker 2: of that. You know, obviously that's not to say every
• 3:08
  Speaker 2: token will do well, but you know, you'll you'll see that,
• 3:11
  Speaker 2: and of course the infrastructure plays such as the Solanas
• 3:14
  Speaker 2: or the ethereums out there will be basically also tokens
• 3:17
  Speaker 2: that should do well because they are the base infrastructure.
• 3:20
  Speaker 2: But the size and scaling that's needed to capture sort
• 3:23
  Speaker 2: of value that translates down is part of the issue, right,
• 3:27
  Speaker 2: meaning that you know, our mental model on L one
• 3:29
  Speaker 2: and L two's is a little bit like telcos and
• 3:31
  Speaker 2: I speeds. So AT and T is a very valuable company,
• 3:34
  Speaker 2: don't get me wrong, but it's not as valuable as
• 3:37
  Speaker 2: Google on.
• 3:38
  Speaker 3: Facebook, on Microsoft or Apple, right.
• 3:41
  Speaker 2: So, but because we're so early in this phase, you know,
• 3:44
  Speaker 2: I would definitely sort of you know, put Solana as
• 3:46
  Speaker 2: one of the sort of you know, must haves in
• 3:48
  Speaker 2: the bucket, together with many other L one L twos
• 3:50
  Speaker 2: that I think are going to be structurally important for
• 3:54
  Speaker 2: essentially the development of blockchain.
• 3:55
  Speaker 3: If you believe as we do, that blockchain.
• 3:57
  Speaker 2: Is going to be you know, one of the most
• 4:00
  Speaker 2: important sort of basically sort of technologies out there, especially
• 4:03
  Speaker 2: in light of what's happening with AI and the.
• 4:05
  Speaker 1: General Yeah, well we're going to get into some of
• 4:07
  Speaker 1: that today.
• 4:09
  Speaker 3: One note here was Lily.
• 4:11
  Speaker 1: Lou who was the president of the Salona Foundation. She
• 4:14
  Speaker 1: made a statement not too long ago, this was back
• 4:16
  Speaker 1: in March of this year, and said simply that blockchain
• 4:21
  Speaker 1: gaming isn't coming back. So if you think that was
• 4:24
  Speaker 1: she wrong, you know, because we think that if you
• 4:26
  Speaker 1: consider Pokemon, which I still believe is the biggest game
• 4:29
  Speaker 1: on the planet, that in itself I think has already
• 4:31
  Speaker 1: kind of proven that position wrong.
• 4:33
  Speaker 2: Yeah, I remember Solana's mission in terms of basically thinking
• 4:37
  Speaker 2: of it in terms of Internet capital markets and then
• 4:40
  Speaker 2: being the center of that, which they're doing a great
• 4:42
  Speaker 2: job by the way, in that construct. You know, she
• 4:46
  Speaker 2: I would say she probably felt that gaming was sort
• 4:49
  Speaker 2: of too far away from finance and it wasn't really
• 4:52
  Speaker 2: part of the mission and part of what blockchain does,
• 4:54
  Speaker 2: which is where I think we have a sort of
• 4:56
  Speaker 2: a point of disagreement there.
• 4:58
  Speaker 3: Gaming is not coming back in the way that was
• 5:00
  Speaker 3: in twenty one o two. That's how I interpret it.
• 5:03
  Speaker 2: It's a little bit like saying gaming is To me,
• 5:05
  Speaker 2: it's a little bit like saying gaming is not coming
• 5:07
  Speaker 2: back because we're not buying you know, sort of cartridges
• 5:10
  Speaker 2: like consoles, because that was a business model at that time.
• 5:13
  Speaker 3: But then we can invented free to play, we had mobile.
• 5:16
  Speaker 2: Gaming, we had subscription models, right, all these things kind
• 5:19
  Speaker 2: of innovate. And the other thing is, you know, this
• 5:22
  Speaker 2: idea that sort of finance doesn't touch gaming is actually
• 5:26
  Speaker 2: I think that's probably the weakest point of the argument,
• 5:28
  Speaker 2: because gaming is already a three hundred I mean, it's
• 5:31
  Speaker 2: a three hundred plus billion dollar industry. It is bigger
• 5:35
  Speaker 2: than movies and music combined. But then the other part
• 5:39
  Speaker 2: of gaming, of course, which is the area of gambling
• 5:42
  Speaker 2: production markets. I mean, they are called gaming for a reason, right,
• 5:45
  Speaker 2: and so they are basically games with money that are
• 5:48
  Speaker 2: categorized in a certain area. I would argue that Solana's
• 5:52
  Speaker 2: ecosystem was really sort of growing in a large part
• 5:55
  Speaker 2: because of mean coins in the beginning, and mean coins
• 5:58
  Speaker 2: are very much a game, right, is gaming in that context?
• 6:01
  Speaker 3: Right? So to me, gamification and broadly speaking.
• 6:04
  Speaker 2: Games is actually what our industry has been built upon,
• 6:07
  Speaker 2: you know, and so I think it's a it's a
• 6:09
  Speaker 2: bit unfair to dismiss it outright.
• 6:11
  Speaker 1: Solana has really started to kind of understand that I
• 6:15
  Speaker 1: want to play a clip that goes in and the
• 6:17
  Speaker 1: reason this is about in reference to Solana Rosendica. And
• 6:20
  Speaker 1: the reason this is important is because it correlates what's
• 6:24
  Speaker 1: going on in the Pokemon ecosystem to maybe how gaming
• 6:28
  Speaker 1: is going to be redefined.
• 6:29
  Speaker 3: I think this is interesting. Take a look at this clip.
• 6:32
  Speaker 4: They're just sitting in my wall is and one day
• 6:34
  Speaker 4: I was like, wait a second, I could just fix
• 6:37
  Speaker 4: all of this just by one app enabling the cards
• 6:41
  Speaker 4: on chained. That's doing nothing right now. This is the main,
• 6:44
  Speaker 4: main lobby. Everyge trading cards has a head and power
• 6:48
  Speaker 4: in them, and in one arena you summon those you
• 6:51
  Speaker 4: awaken the power, and if they win for you, you
• 6:54
  Speaker 4: win a pack Bysiically that creates a synergy and the
• 6:57
  Speaker 4: fund of building a deck you will get. I had
• 7:00
  Speaker 4: a schedule randomly assigned to you, which like with rarities,
• 7:04
  Speaker 4: which is adding another layer for each Gutsha. We can
• 7:09
  Speaker 4: do a lot of things with these cars on chain,
• 7:11
  Speaker 4: and then there's so much potential for it. It's like
• 7:14
  Speaker 4: ethereum before DeFi I'm excited, man, is that your plus?
• 7:18
  Speaker 4: I swear like this is not.
• 7:20
  Speaker 3: Rich we bro. I'm about to go bload up my
• 7:22
  Speaker 3: wallet and.
• 7:23
  Speaker 4: I swear, God, what din the rick is?
• 7:25
  Speaker 1: Do you think Pokemon the company is going to take
• 7:28
  Speaker 1: note of what's happening right now if you look at.
• 7:31
  Speaker 2: The historical way that they've dealt with, you know, secondary
• 7:33
  Speaker 2: trading of cars, and they're cognizant of it, but they're
• 7:37
  Speaker 2: definitely not sort of embracing it openly making a statement
• 7:41
  Speaker 2: around it, which, by the way, I think is a
• 7:43
  Speaker 2: very Japanese way and a very Japanese style of sort
• 7:45
  Speaker 2: of approaching things.
• 7:46
  Speaker 3: I mean, just think about how long it took for
• 7:48
  Speaker 3: Nintendo to finally open it up and say, exactly, maybe
• 7:51
  Speaker 3: we should be looking at mobile games.
• 7:53
  Speaker 2: They were like the last pastion to do that. But also,
• 7:57
  Speaker 2: you know, why fix something that isn't broken, right, That's
• 8:00
  Speaker 2: the other thing. Pokemon just really sort of just sort
• 8:03
  Speaker 2: of became sort of a cultural meme, if you will.
• 8:06
  Speaker 2: The financification of it in terms of people trading it
• 8:08
  Speaker 2: and doing other things with it, and now our wing
• 8:11
  Speaker 2: it is all.
• 8:12
  Speaker 3: Part of that. It's called it less.
• 8:13
  Speaker 2: A fair attitude that it had around the IP to
• 8:16
  Speaker 2: let people sort of innovate on top, right, which I
• 8:19
  Speaker 2: think has helped it and served it. And that's also
• 8:21
  Speaker 2: why I think there is such an amazing sort of
• 8:24
  Speaker 2: let's called it secondary trading market, which of course blockchain
• 8:27
  Speaker 2: has really sort of.
• 8:28
  Speaker 1: Yeah, it has definitely done it if you look at
• 8:31
  Speaker 1: just what's going on on Jupiter. I think this is
• 8:33
  Speaker 1: interesting because being able to borrow against you know, Pokemon, Now,
• 8:38
  Speaker 1: what do you think this would unlock?
• 8:40
  Speaker 2: Like our children learn about money because of Pokemon cards.
• 8:43
  Speaker 2: They don't learn it in school as an example, and
• 8:45
  Speaker 2: from that then they understand things like, oh wait, I
• 8:47
  Speaker 2: can borrow this, or I can lend trade, I can
• 8:50
  Speaker 2: do these things. So to me, it's actually a really
• 8:52
  Speaker 2: really sort of critical financial literacy gateway, you know, like
• 8:55
  Speaker 2: we saw what Pokemon Goals did in terms of a
• 8:58
  Speaker 2: movement as well when that came out. And by the way,
• 9:01
  Speaker 2: that sort of you know, gaming environment was unique to
• 9:03
  Speaker 2: Pokemon Goal. Many other companies try to, yeah, with big
• 9:06
  Speaker 2: brands like Higher Potter try to emulate that, and we're
• 9:09
  Speaker 2: unable to basically capture anything close to that sort of
• 9:12
  Speaker 2: same phenomena. So it has a very particular thing and
• 9:14
  Speaker 2: let's call it our cultural and our sort of social
• 9:17
  Speaker 2: side test that other places and other brands capture.
• 9:21
  Speaker 1: This changes a lot because you're connecting you could connect
• 9:24
  Speaker 1: your you know, Salona wallet you know, whether it's fandom
• 9:26
  Speaker 1: or whatever. You can buy via USDC. Even if you
• 9:30
  Speaker 1: roll a card, you can immediately sell it back in.
• 9:32
  Speaker 1: I mean, there's a lot of instant liquidity in that marketplace.
• 9:36
  Speaker 1: I want to play a clip for you. This is
• 9:37
  Speaker 1: the in reference to the Jupiter offer book that plays
• 9:40
  Speaker 1: into this. Tell me what you think. Here we go
• 9:42
  Speaker 1: the first.
• 9:43
  Speaker 5: Ever time that a Pokemon card was used as collateral
• 9:46
  Speaker 5: for a loan. That's right, So some fun things coming
• 9:48
  Speaker 5: in and then maybe a few things aren't even on
• 9:50
  Speaker 5: this slide, But that is a little bit of alpha
• 9:52
  Speaker 5: for those that want to loop up smart WA's I
• 9:55
  Speaker 5: no joke think that the clankers, the AA agents are
• 9:58
  Speaker 5: going to have a field day offer book and so
• 10:01
  Speaker 5: there's a lot of like yield to be made.
• 10:02
  Speaker 3: I mean, we just saw it just in the first week.
• 10:04
  Speaker 3: The average APY is eighteen percent and.
• 10:06
  Speaker 5: The resident's CPA in the audience, mister will mcfletcher said,
• 10:10
  Speaker 5: apparently tax advantages too.
• 10:11
  Speaker 1: Indeed, yeah, I would like to see the tax advantages
• 10:16
  Speaker 1: on that. What is that delayed somehow delayed capital gains
• 10:19
  Speaker 1: or something.
• 10:20
  Speaker 3: I don't know.
• 10:20
  Speaker 2: Well, I mean I think I think the reality is
• 10:22
  Speaker 2: that if you're basically doing lending in collateral basically, right, exactly, right, Yeah,
• 10:25
  Speaker 2: so you're not you're not basically you're not realizing you're
• 10:28
  Speaker 2: so to speak, right exactly, and so so depending on
• 10:31
  Speaker 2: which country and place you're in. But what you know,
• 10:34
  Speaker 2: first of all, I think it's it's it's incredible, and
• 10:36
  Speaker 2: it kind of just demonstrates the kind of cool things
• 10:38
  Speaker 2: that blockchain enables, right because first of all, there's a
• 10:41
  Speaker 2: whole wave of people out there and probably have no
• 10:43
  Speaker 2: idea that their Pokemon cards could even be used for collateral.
• 10:45
  Speaker 2: So if you didn't even actually want to sell, you
• 10:47
  Speaker 2: could actually just sort of you know, sort of you know,
• 10:49
  Speaker 2: basically borrow, borrow against it.
• 10:51
  Speaker 3: It unlocks basically other things.
• 10:53
  Speaker 2: The other thing, of course, is that if I bore
• 10:54
  Speaker 2: something against my Pokemon, the chances are that I probably
• 10:57
  Speaker 2: will use it to buy more Pokemon cards because it
• 10:59
  Speaker 2: reinforced this idea sure is that there's value attached to that. Right,
• 11:04
  Speaker 2: So that's that's been really really powerful. But I think
• 11:07
  Speaker 2: the ultimate thing, you know, and then you know, Solana
• 11:10
  Speaker 2: has just been really really good from a community standpoint
• 11:13
  Speaker 2: around having these sort of shared shared networks where you know,
• 11:16
  Speaker 2: on the financial side where people go, oh, wait, hold on,
• 11:19
  Speaker 2: if I do this and I innovate this and I
• 11:20
  Speaker 2: build this, and remember, the people who are building this
• 11:23
  Speaker 2: don't all come from trad fi. In fact, anything don't, right,
• 11:26
  Speaker 2: They come from gaming, or from entertainment, or from coding
• 11:29
  Speaker 2: or something else. And they go like, wait a second,
• 11:31
  Speaker 2: I can build something cool without having these constraints around
• 11:34
  Speaker 2: what isn't isn't possible because if you probably go to
• 11:36
  Speaker 2: a trad fi guy, it's like, it's a waste of time,
• 11:38
  Speaker 2: don't even bother doing this?
• 11:40
  Speaker 3: You know, why even do it?
• 11:41
  Speaker 2: And here they go, They're just having fun, right, And
• 11:43
  Speaker 2: then and the next thing, you know, it opens it up,
• 11:45
  Speaker 2: and then of course begs the next question, which is
• 11:47
  Speaker 2: at hold a second, could I do this with my art?
• 11:49
  Speaker 3: Could it do with my cars? Could to do with
• 11:51
  Speaker 3: something else? Right?
• 11:52
  Speaker 2: An asset that had no liquidity and now might have
• 11:55
  Speaker 2: thousands of dollars of liquidity or tens of thousands of
• 11:57
  Speaker 2: dollars liquidity becomes more valuable because it has some liquidity
• 12:01
  Speaker 2: versus none at all, Right, And I think this, this,
• 12:04
  Speaker 2: this is something where I think many many more things
• 12:06
  Speaker 2: become accessible if you look at just the collectible space
• 12:09
  Speaker 2: broadly speaking, that's really accelerated, and I actually think it's
• 12:12
  Speaker 2: going to be even more accelerated in part, yeah, in
• 12:16
  Speaker 2: part because of AI so so the desire of having
• 12:20
  Speaker 2: something that's authentic, something that's original, something that has uniqueness
• 12:24
  Speaker 2: is going to drive essentially a demand for these.
• 12:26
  Speaker 3: Sort of assets that are truly scarce and rare.
• 12:29
  Speaker 2: And to me, I think Pokemon's because of the physical
• 12:31
  Speaker 2: aspect and are the education for you know, basically our debas.
• 12:36
  Speaker 2: Oh okay, that's in blockchain. Oh wait, hold on, that's
• 12:38
  Speaker 2: kind of unique. And then from that we evolve into
• 12:41
  Speaker 2: basically the NFT aspect or purely digital sort of collectibles
• 12:46
  Speaker 2: that actually mimic exactly the same behavior, but an entirely
• 12:48
  Speaker 2: digital in nature.
• 12:49
  Speaker 1: Pokemon could set the blueprint for a lot of this.
• 12:53
  Speaker 2: I mean, I think Pokemon sets the blueprint and opens
• 12:56
  Speaker 2: up the imagination for people to say, oh wait, hold on,
• 12:58
  Speaker 2: if you could do Pokemon cards can do for something else.
• 13:00
  Speaker 2: Because because for instance, if you look at traditional gaming,
• 13:02
  Speaker 2: if you look at for instance, you know, basically counter
• 13:04
  Speaker 2: Strike Skins, right, I mean, we're talking about a seven
• 13:06
  Speaker 2: to eight billion dollar Well, it depends on on the
• 13:08
  Speaker 2: day of the market, but somewhere between forty eight billion
• 13:10
  Speaker 2: dollars of a market that's been trading really for the
• 13:13
  Speaker 2: last couple of decades, right, And and that's entirely digital
• 13:17
  Speaker 2: in nature. Right, it's sort of the smaller communities that
• 13:19
  Speaker 2: you can now basically sort of amplify and create a
• 13:22
  Speaker 2: market for.
• 13:23
  Speaker 3: That wasn't there.
• 13:24
  Speaker 2: And I think the error, if you want to call
• 13:26
  Speaker 2: it that with some of the NFT hype. Wasn't that
• 13:28
  Speaker 2: NFTs didn't demonstrate, which by the way, is still three
• 13:30
  Speaker 2: to the million dollars of sales a month, give or take.
• 13:32
  Speaker 3: Right. Wasn't the fact that sort of.
• 13:34
  Speaker 2: NFTs themselves were over hyped or sort of you know,
• 13:38
  Speaker 2: it was it became way more a speculative financial tool
• 13:42
  Speaker 2: for the people who entered the space. It's kind of
• 13:43
  Speaker 2: always's money to be made, brought in to people who
• 13:46
  Speaker 2: weren't there for the game itself and for the fun
• 13:49
  Speaker 2: in the community, but were there just to extract.
• 13:51
  Speaker 3: Right.
• 13:51
  Speaker 2: You know, if you look at sort of things like CryptoPunks,
• 13:54
  Speaker 2: they're having a little bit of a return like actually
• 13:56
  Speaker 2: in the last in the last two or three days,
• 13:59
  Speaker 2: and if has had you know, like a little insurgence.
• 14:03
  Speaker 3: Ye.
• 14:03
  Speaker 2: Yeah, buying a crypto punk has been a better levered
• 14:06
  Speaker 2: bed on eth than eath itself.
• 14:08
  Speaker 3: Wow. I want to play a clip for you.
• 14:09
  Speaker 1: This is in reference to Mediora and Dynamic assets because
• 14:12
  Speaker 1: it starts to change things up a little bit. I
• 14:14
  Speaker 1: want to get your opinion.
• 14:15
  Speaker 3: Let's go to that clip. I know you're pissed, you're down.
• 14:18
  Speaker 3: Michael Sayl is telling you to go back to work
• 14:20
  Speaker 3: at McDonald's. It sucks, but we're running Solona back.
• 14:24
  Speaker 6: Our friends over at Sunrise just announced something called dynamic assets.
• 14:27
  Speaker 6: Think about Pokemon cards. If you want exposure today, you
• 14:29
  Speaker 6: got to buypacks, you got to store them, you got
• 14:31
  Speaker 6: to protect them, and you eventually got to find a buyer.
• 14:33
  Speaker 3: That's slow, expensive and i liquid.
• 14:34
  Speaker 6: Sunrise's first dynamic asset is called SV one fifty one.
• 14:38
  Speaker 6: It's backed by Seal Pokemon one fifty one packs, the
• 14:40
  Speaker 6: set featuring the original one to fifty one Pokemon.
• 14:42
  Speaker 3: Here's where it gets interesting.
• 14:43
  Speaker 6: If you own enough SB one fifty one, you can
• 14:45
  Speaker 6: actually burn those tokens and redeem them for the physical packs.
• 14:48
  Speaker 6: Everybody thinks Solon is competing with Ethereum, Avax, Sueye Hyper
• 14:52
  Speaker 6: liquid monad what if it's actually competing with eBay, stock x,
• 14:55
  Speaker 6: auction houses and any other online marketplaces.
• 14:57
  Speaker 7: So I think eBay's taking between ten and fourteen percent
• 15:00
  Speaker 7: off the top of a sale.
• 15:01
  Speaker 3: Collector cryptos two percent. No shade to eBay, but I would.
• 15:04
  Speaker 3: I'd love to eat their lunch. We're running it back.
• 15:07
  Speaker 3: It's fucking good, all right.
• 15:08
  Speaker 1: So you get a tweet here from jeep Spot they're
• 15:10
  Speaker 1: talking about these dynamic assets on Slanta and in reference
• 15:13
  Speaker 1: to the SB one fifty one. So if you guys
• 15:15
  Speaker 1: know where this is heading, what do you think about this?
• 15:20
  Speaker 3: What do you think? I mean, it's exciting.
• 15:21
  Speaker 2: So first of all, we actually innovated on dynamic as
• 15:24
  Speaker 2: assets back in the day with cool Cats during sort
• 15:27
  Speaker 2: of you know, basing some of the football promotions we
• 15:29
  Speaker 2: did as an experiment as well. So so dynamic assets
• 15:32
  Speaker 2: in and of itself isn't isn't anything particularly new, But
• 15:35
  Speaker 2: what you didn't know what what what happens here? Of course,
• 15:38
  Speaker 2: making sort of having the ability to morphit and frankly,
• 15:41
  Speaker 2: that is the let's call it superpower of blockchain, right,
• 15:45
  Speaker 2: which is the composibility, right, you can basically sort of
• 15:47
  Speaker 2: change things around innovate on top create basically sort of
• 15:51
  Speaker 2: you know, cool new things, and the intersection right now
• 15:54
  Speaker 2: because of the institutions coming in between, you know, basically
• 15:57
  Speaker 2: sort of something like that is the petition. But I
• 16:00
  Speaker 2: don't think the competition is going to be specifically around
• 16:04
  Speaker 2: sort of going directly after the eBay market itself. But
• 16:07
  Speaker 2: I think it's going to be more sort of a
• 16:08
  Speaker 2: flurry of you know, thousands of individuals basically building and
• 16:12
  Speaker 2: utilizing these composable assets and these dynamic assets to basically
• 16:15
  Speaker 2: create ways in which you can create new fun experiences.
• 16:19
  Speaker 2: But the part where we're going to break out, and
• 16:21
  Speaker 2: that's where dynamic assets become interesting because of its dynamic nature,
• 16:25
  Speaker 2: is you can make it fun right now. Remember the
• 16:28
  Speaker 2: biggest onboarding event that we had, you know, despite the
• 16:32
  Speaker 2: critics that we might have today and say, oh but
• 16:34
  Speaker 2: gaming that there was was actually NFTs and gaming in
• 16:37
  Speaker 2: twenty one and twenty two.
• 16:38
  Speaker 3: What was the one thing they often said? It was fun?
• 16:41
  Speaker 1: Yeah, And I think you look at media or there's
• 16:44
  Speaker 1: a breakdown here on SP one fifty one. If you
• 16:47
  Speaker 1: guys want to follow this, you can kind of get
• 16:49
  Speaker 1: a list of their roadmap of what they're doing here.
• 16:52
  Speaker 2: I think, you know, the way that we look at
• 16:55
  Speaker 2: this is either just very powerful community building tools where
• 16:57
  Speaker 2: you can sort of string them all together and the
• 17:00
  Speaker 2: create networks combine them, right, I mean you think about
• 17:03
  Speaker 2: sort of you know, the air drop mechanism was another
• 17:04
  Speaker 2: way of extending that in a let's call it less
• 17:07
  Speaker 2: dynamic way. This type of stuff you can't do in
• 17:09
  Speaker 2: a centralized change exactly exactly, you've got to do that
• 17:12
  Speaker 2: on chain. You've got to do that on the blockchain
• 17:14
  Speaker 2: and utilize that. You're going to have different versions of
• 17:17
  Speaker 2: the way that dynamic assets are being built because of
• 17:19
  Speaker 2: its composable nature, and so how do you interpret that?
• 17:21
  Speaker 2: And I think the sort of the part where we're
• 17:24
  Speaker 2: here now with AI augentic AI and AI agents that
• 17:27
  Speaker 2: is becoming exciting because they can do the translation, right,
• 17:30
  Speaker 2: I understand how to navigate this and sort of I
• 17:33
  Speaker 2: also by the way you can be able to sort
• 17:35
  Speaker 2: of verify it in a way that a human can't
• 17:37
  Speaker 2: because at the end of the day, I mean, phantom
• 17:39
  Speaker 2: you know, is pretty easy to use, but for most
• 17:41
  Speaker 2: people it's still very unfamiliar and it feels a little
• 17:44
  Speaker 2: bit worrisome for a lot of people. Who don't who
• 17:46
  Speaker 2: just like, Okay, my assets are indistinct, and they're still
• 17:49
  Speaker 2: thinking of the wallet as something physical and that it's
• 17:52
  Speaker 2: on my local computer, which it isn't exactly, but that's
• 17:55
  Speaker 2: kind of how people think about it because they don't
• 17:56
  Speaker 2: understand it. And again, an AI agent and basically just
• 17:59
  Speaker 2: abstracted for you, and I think that's going to be
• 18:01
  Speaker 2: part of that. So technology is there to solve these
• 18:03
  Speaker 2: interesting problems, but the use case of the regular user
• 18:07
  Speaker 2: is difficult when they are still not going to be
• 18:09
  Speaker 2: comfortable dealing with stuff on chain with multiple variations of this,
• 18:12
  Speaker 2: because the composibility can be endless, right, and that's I
• 18:15
  Speaker 2: think where AA agents are going to really make a difference.
• 18:18
  Speaker 1: Okay, so that opens up a lot, and you look
• 18:21
  Speaker 1: at some of the markets that it will most likely
• 18:23
  Speaker 1: go into. Here's a good example with Gotcha Sports officially
• 18:27
  Speaker 1: partnered with Collector crypt and what they're rolling into is
• 18:30
  Speaker 1: where you've got NBA, NFL, MLB all that. Now, this
• 18:34
  Speaker 1: starts to open up the sports card ecosystem, which has
• 18:38
  Speaker 1: been I would say as strong as Pokemon just because
• 18:42
  Speaker 1: of its lineage. How big could this get? Do you
• 18:44
  Speaker 1: think we could see this going into a multitude of
• 18:47
  Speaker 1: franchises around the industry, everywhere, everywhere. Speaking of that, I
• 18:52
  Speaker 1: want to play a clip for you about how this
• 18:54
  Speaker 1: may correlate to the whiskey market and how Solona is connected.
• 18:58
  Speaker 3: Take a look.
• 18:59
  Speaker 7: Either do this on mo We'll do it through soul
• 19:00
  Speaker 7: Flay or phantom do it through one of the Salona wallets.
• 19:03
  Speaker 7: So that was an actual private barrel that was done
• 19:05
  Speaker 7: for Costco in Washington, d C. It's got the Costco
• 19:08
  Speaker 7: Hot Dog, the I Got that Dog in Me label,
• 19:10
  Speaker 7: Like that's an official like brand label.
• 19:12
  Speaker 3: All right, all right, so we go, here we go,
• 19:14
  Speaker 3: here we go.
• 19:14
  Speaker 7: It better be the Costco one man, it's obviously can't
• 19:17
  Speaker 7: every single time be worth Oh dude, you are on
• 19:19
  Speaker 7: a streak right now. Yeah, you are on a hot streak.
• 19:23
  Speaker 7: Whiskey and wine are the kings of deflationary supply. So
• 19:26
  Speaker 7: you've been giving them as gifts. They're in your possession,
• 19:28
  Speaker 7: Like what do you do with them?
• 19:29
  Speaker 4: Now?
• 19:30
  Speaker 1: All right?
• 19:30
  Speaker 3: So there you get it.
• 19:31
  Speaker 1: Whiskey wine of course another big category. That's a big
• 19:34
  Speaker 1: collector market. How quickly do you think we'll see brand
• 19:38
  Speaker 1: embracing this, really embracing this.
• 19:41
  Speaker 3: So I think the way that I would think of it.
• 19:43
  Speaker 2: Is that it has to be a brand that sort
• 19:45
  Speaker 2: of emerges in a way that was unexpected. I think
• 19:48
  Speaker 2: it's gonna be a new whiskey brand or new wine brand.
• 19:50
  Speaker 3: Oh okay, all right, right, that's.
• 19:52
  Speaker 2: Going to come out that we were not expected to
• 19:55
  Speaker 2: do as well. And then suddenly or maybe didn't you know,
• 19:58
  Speaker 2: and suddenly just kind of takes a off and people go,
• 20:01
  Speaker 2: oh okay, I need to do something. And then the
• 20:03
  Speaker 2: brand itself, the big brands then come in and basically
• 20:06
  Speaker 2: bring everyone together with it, right. And so typically, you know,
• 20:10
  Speaker 2: this is type of sort of innovation. It usually is
• 20:13
  Speaker 2: a new player that sort of comes in and then
• 20:15
  Speaker 2: forces others to sort of sort of sort of you know,
• 20:18
  Speaker 2: react to it.
• 20:19
  Speaker 1: You know this is happening when I say this kind
• 20:21
  Speaker 1: of innovation and happening on Salona, it's happening in a
• 20:24
  Speaker 1: lot of other places. I want to show you a
• 20:25
  Speaker 1: clip here. This is in reference to business accounts.
• 20:28
  Speaker 8: Banking for AI agents by Now, the first ever platform
• 20:32
  Speaker 8: that allows AI agents to open business bank accounts. Simply
• 20:36
  Speaker 8: ask your preferred agent to open a bank account with
• 20:39
  Speaker 8: me Now, and Meow walks you through incorporating opening your
• 20:42
  Speaker 8: bank account, issuing cards, and getting ready to accept.
• 20:45
  Speaker 3: Your first payment.
• 20:46
  Speaker 8: No lawyer, no banker, no headaches, any LLLM open a
• 20:51
  Speaker 8: bank account.
• 20:52
  Speaker 1: All right, what do you think about this?
• 20:53
  Speaker 2: I mean to me, I don't know that a classical
• 20:56
  Speaker 2: bank account, and I don't think exactly that you know that
• 20:59
  Speaker 2: that struck in that way is going to be necessary
• 21:02
  Speaker 2: for an agent, because I think the wallet is the
• 21:04
  Speaker 2: back account, right, you know, with hell of minds, basically,
• 21:08
  Speaker 2: the wallet is the identity stack. It's where you can
• 21:10
  Speaker 2: do basically your you know, your hot wallet trades, and
• 21:13
  Speaker 2: if you end up basically wanting to sort of you know,
• 21:15
  Speaker 2: have a custody somewhere with the human and the loop,
• 21:17
  Speaker 2: you can sort of store and save it somewhere else.
• 21:20
  Speaker 2: I think banking is going to be completely sort of
• 21:22
  Speaker 2: you know, altered and changed. Anyway, it's a cool by
• 21:25
  Speaker 2: the way, it's the same thing with credit cards for agents, right,
• 21:28
  Speaker 2: it's a it's a cool, necessary sort of step that's
• 21:30
  Speaker 2: in there, and there's elements around that. But I would
• 21:34
  Speaker 2: you know, and I can't say that I'm familiar with
• 21:36
  Speaker 2: me now, so that's actually then something we're definitely going
• 21:39
  Speaker 2: to have to take a deeper look at because because
• 21:42
  Speaker 2: I don't think that it's going to be the classic
• 21:45
  Speaker 2: koy c rails, right, so it has to be ka
• 21:50
  Speaker 2: and so probably the ky a probably has to be
• 21:52
  Speaker 2: a human or maybe it's just blockchain tech in the back.
• 21:55
  Speaker 2: So I think that's you know, and it's basically just
• 21:57
  Speaker 2: wrapped around essentially like a banking now, but isn't maybe
• 22:01
  Speaker 2: a licensed back because I think the key thing is
• 22:03
  Speaker 2: is it a bank or is it more like banking
• 22:06
  Speaker 2: like infrastructure? Right, It's something probably need to we probably
• 22:09
  Speaker 2: need to sort of study a bit.
• 22:10
  Speaker 1: Dive in a little bit the ecosystem I think around
• 22:13
  Speaker 1: all of this, if it's centered around Solon, I think
• 22:15
  Speaker 1: this is going to be interesting because there's so many
• 22:17
  Speaker 1: potentials for this. Solana has an upgrade underway that could
• 22:23
  Speaker 1: open up some interesting components in blockchain that I want
• 22:27
  Speaker 1: to talk to you about. Let me play a clip.
• 22:29
  Speaker 9: If you build subscriptions on Solana today, you run into
• 22:32
  Speaker 9: a hard limitation. You only get one delegate per tokn account.
• 22:35
  Speaker 9: So you prove one service, say in Netflix, and it works,
• 22:38
  Speaker 9: then you prove another, like for example, Spotify, and the
• 22:41
  Speaker 9: first one gets over it. So out of the box,
• 22:44
  Speaker 9: you can't support multiple subscriptions from the same ballet, but
• 22:47
  Speaker 9: introducing a programmable delegation layer that allows multiple independent spending
• 22:52
  Speaker 9: permissions from a single Toka account.
• 22:54
  Speaker 3: This makes subscriptions super easy. The program supports.
• 22:57
  Speaker 9: Three different delegation models. The first one one is the
• 23:00
  Speaker 9: fixed delegation like a prepaid allowance. Then the second one
• 23:05
  Speaker 9: is reoccurring delegations like a monthly spent limit you authorize
• 23:10
  Speaker 9: someone to spend up to x amount of Tokens where
• 23:13
  Speaker 9: the period length is configurable. And the third one, which
• 23:16
  Speaker 9: is like of course, the most interesting one is the
• 23:19
  Speaker 9: subscription plans.
• 23:20
  Speaker 1: To me, this is huge because I look at subscriptions
• 23:23
  Speaker 1: right now as a necessary evil. Most of the time
• 23:25
  Speaker 1: I can't even manage them. I would love a platform
• 23:28
  Speaker 1: that would enable that kind of fluency of understanding how
• 23:32
  Speaker 1: my sscriptions are being done and then eventually manage them.
• 23:35
  Speaker 1: What do you think, what does this unlock?
• 23:36
  Speaker 2: There's so much you can do when you have ownership
• 23:39
  Speaker 2: or control over your subscription plans.
• 23:41
  Speaker 3: That's central in one area. Yeah, I mean, you know,
• 23:44
  Speaker 3: like one of my favorite.
• 23:46
  Speaker 2: Little skills that I have for my agents is essentially
• 23:48
  Speaker 2: it's a sort of subscription cancelation Hunter basically literally just
• 23:52
  Speaker 2: goes through all the things that said, wait, hold on,
• 23:55
  Speaker 2: do you actually really subscribe to sort of you know,
• 23:57
  Speaker 2: basically sort of this, this, this, I don't know this
• 23:59
  Speaker 2: Washington posting like two years ago we forgot about right, you.
• 24:02
  Speaker 3: Know that kind of stuff, right, And that's not a
• 24:04
  Speaker 3: dig on Washington Post. By the way, I do enjoy them.
• 24:06
  Speaker 2: The other part is the ability for people to innovate
• 24:10
  Speaker 2: and build new ideas around subscriptions. So I just see
• 24:12
  Speaker 2: this at the beginning right now, they built the convenience layer.
• 24:15
  Speaker 2: But what blockchain does so well is that again people
• 24:17
  Speaker 2: can sort of compose new ideas. Someone will come up
• 24:20
  Speaker 2: with an idea around a business model around subscriptions. I mean,
• 24:23
  Speaker 2: for instance, is it feasible for someone to eventually trade
• 24:26
  Speaker 2: their subscription accounts?
• 24:28
  Speaker 3: Right?
• 24:28
  Speaker 2: Should I be able to basically sort of you know,
• 24:30
  Speaker 2: have a different form of subscription. And the reason why
• 24:33
  Speaker 2: I think this becomes interesting in terms of right now,
• 24:35
  Speaker 2: subscriptions are designed for humans. Okay, So the human element
• 24:39
  Speaker 2: is I pay nineteen dollars or ten dollars a month,
• 24:42
  Speaker 2: and there's a timing element in between where I as
• 24:45
  Speaker 2: a human because I can't watch unlimited Netflix movies. Right,
• 24:49
  Speaker 2: So it's built into the model that there's a capacity
• 24:52
  Speaker 2: limit because we assume humans have only so many hours
• 24:55
  Speaker 2: in the day. Now when you take that to an
• 24:57
  Speaker 2: aage and he doesn't have that limitation whatsoever, right, he's not.
• 25:00
  Speaker 2: So if you basically think about from an information subscription standpoint,
• 25:03
  Speaker 2: which we see when you think about these max subscriptions,
• 25:05
  Speaker 2: which is why Claude is like, no, you can't do
• 25:07
  Speaker 2: that and whatever, is that when you give it to
• 25:08
  Speaker 2: an AI agent, you give it a max subscription. It
• 25:11
  Speaker 2: doesn't just max it it super super max is it
• 25:13
  Speaker 2: because it can basically consume information and data basically twenty
• 25:17
  Speaker 2: four x seven at whatever maximum capacity that you will
• 25:20
  Speaker 2: give it.
• 25:20
  Speaker 3: Right.
• 25:21
  Speaker 2: So that means the entire subscription game will change in
• 25:24
  Speaker 2: ways that we probably haven't quite figured it out yet
• 25:26
  Speaker 2: because everything will be micro transactions. So I actually think
• 25:29
  Speaker 2: what will happen is, you know, subscriptions and these kind
• 25:31
  Speaker 2: of payment services are probably going to be divided up
• 25:34
  Speaker 2: into ways where I basically spit a thousand ways. Right,
• 25:38
  Speaker 2: So I might pay for twenty dollars, I pay my
• 25:40
  Speaker 2: pay for twenty dollars subscription, but that twenty dollars.
• 25:43
  Speaker 3: Subscription is going to maybe feed.
• 25:45
  Speaker 2: Ten thousand content providers and I will never need to
• 25:48
  Speaker 2: know the details except I receive it from my AI agent, right,
• 25:51
  Speaker 2: and they get paid directly from that. And again, this
• 25:54
  Speaker 2: is something you can do on blockchain. But imagine if
• 25:57
  Speaker 2: a central provider had to figure all that out yogo
• 26:00
  Speaker 2: those partnerships, it would be.
• 26:01
  Speaker 3: Impossible for them, right.
• 26:02
  Speaker 2: But if it's on chain, on blockchain, then people will
• 26:05
  Speaker 2: just simply adopt it and use it themselves. And you know,
• 26:08
  Speaker 2: put another way, imagine if you know all Netflix subscribers,
• 26:12
  Speaker 2: And this is obviously a hypothetic example, but imagine if
• 26:14
  Speaker 2: all Netflix subscribers were actually on chain, right, and I
• 26:18
  Speaker 2: could vie for the attention of that Netflix subscriber and
• 26:22
  Speaker 2: grab some of that money, even if it's just one buck, right.
• 26:26
  Speaker 3: You know, that to me is an innovation.
• 26:28
  Speaker 2: Or if I'm a subscription type service, I would basically
• 26:31
  Speaker 2: be able to sort of capture and I would be
• 26:34
  Speaker 2: more than just a content provider to my own content,
• 26:38
  Speaker 2: but I could open it up for more services beyond that,
• 26:41
  Speaker 2: and everyone will just build on you because you've got
• 26:44
  Speaker 2: the network right right, right, Yeah, So there's so many
• 26:46
  Speaker 2: things you could do.
• 26:47
  Speaker 1: It definitely opens up I think a future here. And
• 26:50
  Speaker 1: if you just look at Solana in general, here's the
• 26:52
  Speaker 1: r to be a league table just to give an example,
• 26:54
  Speaker 1: how fast they're moving and right now performing even on
• 26:58
  Speaker 1: the thirty day and when market share pop above what
• 27:02
  Speaker 1: we've seen with Stellar starting to approach B and B
• 27:06
  Speaker 1: right now in terms of real world assets. Do you
• 27:08
  Speaker 1: think that Solana flips B and B in the RBA
• 27:12
  Speaker 1: market soon?
• 27:13
  Speaker 2: Well, so, I think it has to do with projects
• 27:15
  Speaker 2: are sort of landing on it. So I give you
• 27:17
  Speaker 2: an example. So for instance, in our case, you know
• 27:19
  Speaker 2: we're we're working with basically a provenance and that's like
• 27:24
  Speaker 2: seventeen billion dollars of our deba's already right, So if
• 27:27
  Speaker 2: you look at that from the league table standpoint, that
• 27:29
  Speaker 2: would be right on top right, And it's really just
• 27:30
  Speaker 2: one product.
• 27:31
  Speaker 3: But so one hand you could say, oh, amazing.
• 27:33
  Speaker 2: But on the other hand you might say, wait, hold second,
• 27:36
  Speaker 2: in the scale of assets in trad FI, it's a
• 27:39
  Speaker 2: drop in the ocean right over the time. So is
• 27:42
  Speaker 2: it entirely possible that Solana could flip B and B. Yes,
• 27:45
  Speaker 2: But it also doesn't matter right like the target isn't
• 27:48
  Speaker 2: beating B and B or even beating ethereum.
• 27:51
  Speaker 3: The target is essentially becoming.
• 27:52
  Speaker 2: Meaningful to trad fi right right, So basically, how do
• 27:55
  Speaker 2: we onboard literally tens of billions a month more rather
• 27:59
  Speaker 2: than thinking about sort of you know, basically sort of
• 28:01
  Speaker 2: getting to you know, basically four billion more or five billion,
• 28:05
  Speaker 2: but that's kind of where the thinking goes.
• 28:07
  Speaker 1: Yeah, all right, so you've got to update update us
• 28:09
  Speaker 1: a little bit on what's going on with the Hong
• 28:12
  Speaker 1: Kong Hong Kong stable coin because I'm curious that you
• 28:15
  Speaker 1: obviously have the best vision and lens into that market.
• 28:19
  Speaker 1: Where do you see and what do you see right
• 28:21
  Speaker 1: now happening over there?
• 28:22
  Speaker 3: Yeah, so I can't talk too much about it.
• 28:24
  Speaker 2: This is the thing about anything when it comes to
• 28:26
  Speaker 2: sort of product that ends up becoming regulated, So you
• 28:28
  Speaker 2: have to be a little bit well sort of mindful
• 28:30
  Speaker 2: that said, you know, just to reiterate, Hong Kong basically
• 28:33
  Speaker 2: passed two stable coin licenses to our joint mentor anchor point,
• 28:36
  Speaker 2: which is a jointmentor with standard Chartered UH and basically
• 28:40
  Speaker 2: HSBC HSP has already HSBC has already public stated that
• 28:44
  Speaker 2: they're going to roll it out on sort of pay
• 28:46
  Speaker 2: me and sort of a sort of more of a
• 28:49
  Speaker 2: closed environment and standard chartered you know basically. Actually, Anchor
• 28:53
  Speaker 2: Point has certainly already announced a couple of sort of
• 28:56
  Speaker 2: you know basically test cases with sort of exchanges in
• 28:58
  Speaker 2: Hong Kong.
• 28:59
  Speaker 3: So that's kind of the execution phase.
• 29:01
  Speaker 2: And of course, you know what we're excited about is
• 29:03
  Speaker 2: when you start building on you know, within with a
• 29:05
  Speaker 2: stable coin like hongand dollars, does it allow local developers
• 29:09
  Speaker 2: to start building new applications for you know like that,
• 29:12
  Speaker 2: Like Hongkong has a big sort of domestic helper market
• 29:15
  Speaker 2: for instance, that has to remit money back to your
• 29:17
  Speaker 2: home to places like the Philippines, right, and they use
• 29:20
  Speaker 2: traditional sort of sort of feel it's called it Western
• 29:22
  Speaker 2: union style payments. Blockchain will be perfect for that. But
• 29:25
  Speaker 2: can I do that now in the native sort of
• 29:27
  Speaker 2: regulated stable coin as an example, There's so so many
• 29:30
  Speaker 2: new things that could develop from that.
• 29:32
  Speaker 1: Yeah, for sure. I was looking at you know, gaming companies,
• 29:37
  Speaker 1: and we analyze these a little bit. This is Games Workshop,
• 29:40
  Speaker 1: the growth that they have seen in a very short
• 29:43
  Speaker 1: period of time, and I look at potential IPOs coming
• 29:46
  Speaker 1: and I think about something that maybe anamoca could be
• 29:49
  Speaker 1: doing soon.
• 29:50
  Speaker 3: I know you can't talk.
• 29:51
  Speaker 1: About an IPO, but in general, what do you think
• 29:54
  Speaker 1: about the current IPO environment. You've got SpaceX brewing and
• 29:58
  Speaker 1: Thropic brewing. How does affect your strategy?
• 30:01
  Speaker 3: Well, so ask me after asking.
• 30:06
  Speaker 2: Okay, right, I'm generally, as you know, a more optimistic person.
• 30:09
  Speaker 2: So my perspective is that I think the SpaceX IPO
• 30:12
  Speaker 2: at least short to midterm will be positive overall because
• 30:15
  Speaker 2: it's going to be a crazy valuation. People are going
• 30:17
  Speaker 2: to be sort of excited it's beyond so the whole
• 30:20
  Speaker 2: combination could create a bullish sort of a Maco sort
• 30:24
  Speaker 2: of market. The downside of courses that people are saying, well,
• 30:26
  Speaker 2: a lot of capital is being sucked out, right, there's
• 30:29
  Speaker 2: a big component going to retail. Are they sort of
• 30:31
  Speaker 2: you know, selling their positions in other areas so they
• 30:33
  Speaker 2: can get into the SpaceX ipo. That's is why the
• 30:35
  Speaker 2: markets are shaky. Who knows, right, is there an AI overspent?
• 30:38
  Speaker 3: Right?
• 30:38
  Speaker 2: So the market has obviously got that as well, So
• 30:42
  Speaker 2: I think I think to me, that's why I think
• 30:44
  Speaker 2: the key sort of telltale sign is how it does
• 30:47
  Speaker 2: pretty much on the IPO day and the days there
• 30:49
  Speaker 2: after and will then set the tone I think for
• 30:52
  Speaker 2: many many IPOs to come. I suspect of course that
• 30:55
  Speaker 2: if SpaceX as well Anthropic will do well, right, But
• 30:58
  Speaker 2: also what will happen is that broadly AI stocks will
• 31:02
  Speaker 2: also do well as a result, because they're like, oh
• 31:05
  Speaker 2: my goodness, Like if you know, it's all about the
• 31:08
  Speaker 2: comparison game. If SpaceX is worth this, then maybe that
• 31:11
  Speaker 2: is worth that. And so you'll see a general sort
• 31:14
  Speaker 2: of acceleration in that you know, market is in some
• 31:17
  Speaker 2: ways running hot.
• 31:18
  Speaker 3: In certain areas.
• 31:18
  Speaker 2: We've already seen this effect, you know, with all the
• 31:21
  Speaker 2: chip and semiconductor companies, like I mean real estate for
• 31:23
  Speaker 2: instance in Taiwan, in Korea and in Japan in Tokyo
• 31:27
  Speaker 2: is actually at all time highs because you know, you know,
• 31:32
  Speaker 2: the top thirty percent of all these stock companies, which
• 31:34
  Speaker 2: are all sort of index towards AI semiconductor and energy
• 31:37
  Speaker 2: sort of you know, expansion, are all doing so well.
• 31:40
  Speaker 2: The challenging thing for crypto though, has been that the
• 31:42
  Speaker 2: competition with the stock market ironically is such that young
• 31:46
  Speaker 2: people as well are going well. Should I put putting
• 31:49
  Speaker 2: money in crypto or should we be winning money in
• 31:51
  Speaker 2: the stock market, which clears to be doing better, right,
• 31:54
  Speaker 2: But I think there is an element where people are
• 31:57
  Speaker 2: also looking to diversify, and you understand that. So it's
• 31:59
  Speaker 2: not that they're not investing in it. So it's a
• 32:01
  Speaker 2: net net thing, right, which is like if hey, if
• 32:03
  Speaker 2: I have one hundred dollars, I'm always going to put
• 32:05
  Speaker 2: some money in bitcoin and some money in Solana. It's
• 32:07
  Speaker 2: just I might not put eighty percent of it. I
• 32:09
  Speaker 2: might put ten and twenty percent. So if the pie enlarges,
• 32:12
  Speaker 2: so does the broader participation. But then I think structurally
• 32:16
  Speaker 2: it's basically crypto particular things like Bitcoin has the potential
• 32:19
  Speaker 2: to accelerate much more faster because of the supply dynamics,
• 32:23
  Speaker 2: which is, by the way, what we saw, you know,
• 32:25
  Speaker 2: literally just like a month.
• 32:27
  Speaker 3: And a half ago, yes, exactly, and I think you could.
• 32:29
  Speaker 2: Repeat itself quite quickly, you know, which is of course
• 32:32
  Speaker 2: of holatile nature of the ASAD class.
• 32:34
  Speaker 1: What do you make of the pre stock you know scenario,
• 32:39
  Speaker 1: So you've got so much of that moving on the
• 32:41
  Speaker 1: Solana ecosystem, why not launch a private market token, you know,
• 32:46
  Speaker 1: in a pre stock you know, for Anamalka.
• 32:48
  Speaker 2: Actually we finally you should mention that because we didn't
• 32:51
  Speaker 2: actually do that, but Solana.
• 32:54
  Speaker 3: And republic did it already.
• 32:55
  Speaker 2: Yeah, so they announced that they were going to be
• 32:57
  Speaker 2: basically going to sort of put Animoka stock on basically
• 33:02
  Speaker 2: with Republica on Solana, but you can now buy Animoka
• 33:05
  Speaker 2: stock essentially, I think on chain, you know, I think
• 33:09
  Speaker 2: in sort of you know, test quantities, right, but and
• 33:12
  Speaker 2: again we're not we're not super close to sure sure process.
• 33:16
  Speaker 2: So they're really doing it right. And if you look
• 33:18
  Speaker 2: at some of the tweets that out there obviously sort
• 33:20
  Speaker 2: of you know, you can see some some announcements and
• 33:22
  Speaker 2: we've been telling our shareholders as well that that is
• 33:25
  Speaker 2: something that you know, our people are doing, but just
• 33:27
  Speaker 2: to be clear, it's not officially something we're doing, right. Yeah,
• 33:30
  Speaker 2: So it's already happening, and I think it's going to
• 33:32
  Speaker 2: happen to a lot.
• 33:33
  Speaker 1: Well, it would be interesting if they take it you
• 33:34
  Speaker 1: know mainstream, you know, within to that ecosystem for pre
• 33:37
  Speaker 1: stocks and and what we see in terms of growth.
• 33:41
  Speaker 1: Last point I want to hit on higgs Field is
• 33:43
  Speaker 1: now coming to Minecraft. So this changes things up a
• 33:47
  Speaker 1: little bit. I would think for Sandbox, how do you
• 33:50
  Speaker 1: think this impacts Sandbox.
• 33:53
  Speaker 2: Actually, I don't really think this particularly sort of impact
• 33:55
  Speaker 2: Sandbox per se, right because I think Minecraft and Sandbox
• 33:59
  Speaker 2: haven't really been in the same competitive field. It's it's
• 34:01
  Speaker 2: a bit different, even though obviously I think, you know,
• 34:04
  Speaker 2: Sandbox is obviously the sort of the smaller as much
• 34:09
  Speaker 2: smaller business compared to sort of Minecraft community. But what
• 34:12
  Speaker 2: I think, and you know, what I will say is
• 34:15
  Speaker 2: watch out basically for some announcements for Sandbox in the
• 34:17
  Speaker 2: next couple of weeks.
• 34:19
  Speaker 3: We have some very very cool things that will be
• 34:21
  Speaker 3: talking about.
• 34:22
  Speaker 2: Right Again, I won't say, I can't say too much
• 34:25
  Speaker 2: because if I say anything, I understand put it out. However,
• 34:29
  Speaker 2: that said, I think AI is coming to everything, right, So,
• 34:33
  Speaker 2: whether it's higgs Field, whether it's what Roadbox is doing,
• 34:36
  Speaker 2: it's the stuff we're doing hell of minds, right, AI
• 34:37
  Speaker 2: is coming. And the one thing that they are going
• 34:40
  Speaker 2: to do is they're going to make it easier for creators.
• 34:43
  Speaker 1: And that's the main thing right there, exactly right, the
• 34:46
  Speaker 1: main thing, main thing.
• 34:48
  Speaker 2: And we are you know, I'm not sure if you
• 34:50
  Speaker 2: if you're aware, but one of our portfolio companies is Rosebod,
• 34:53
  Speaker 2: which is basically one of the leading sort of I
• 34:55
  Speaker 2: guess vibe coding gaming platforms that are out there that's
• 34:59
  Speaker 2: been growing a fair bit. And of course we also
• 35:00
  Speaker 2: have a position in a career company called Verse eight.
• 35:03
  Speaker 3: Right.
• 35:03
  Speaker 2: So again, sort of gaming vibe coding allowing someone to
• 35:06
  Speaker 2: basically just come up with some cool creative stuff is
• 35:08
  Speaker 2: something that's happening there. People are making games with hell
• 35:10
  Speaker 2: of minds as well. Right, So this sort of mishmash
• 35:13
  Speaker 2: of being able to sort of really sort of compose
• 35:16
  Speaker 2: and create new sort of cool stuff is something that
• 35:19
  Speaker 2: is already is already sort of happening. And so I
• 35:24
  Speaker 2: think of this more as an onboarding. Right. So, once
• 35:26
  Speaker 2: you're in there, like for instance, when you build something,
• 35:29
  Speaker 2: if higgs Field is coming to Minecraft, remember the composibility
• 35:32
  Speaker 2: of an agent is endless.
• 35:34
  Speaker 3: They don't care.
• 35:35
  Speaker 2: It's like, hey, you know, Cloud can speak Coble speak
• 35:38
  Speaker 2: it plus see sharp, it can do all this stuff, right, right,
• 35:43
  Speaker 2: So if something is so one of the challenges four
• 35:46
  Speaker 2: or five years ago really through in Sandbox when they
• 35:49
  Speaker 2: had sort of when they were pushing the Vauxel builder,
• 35:51
  Speaker 2: was that the Vauxel Builder had to be built by
• 35:53
  Speaker 2: humans to basically have other humans build vauxeles, and now
• 35:57
  Speaker 2: you can just prompt them to do it right.
• 35:59
  Speaker 3: It doesn't matter whether's higgs Field or someone else.
• 36:02
  Speaker 2: Anyone can do it, and so the tooling in and
• 36:04
  Speaker 2: of itself is no longer the most critical thing.
• 36:08
  Speaker 3: The most critical thing is having the users, the community
• 36:11
  Speaker 3: and the ease.
• 36:12
  Speaker 2: Of essentially creating those assets and then incorporate thing, incorporating
• 36:16
  Speaker 2: them in your environment.
• 36:17
  Speaker 1: Yeah, it's always fun talking to you. I love getting
• 36:20
  Speaker 1: into this because it gives us a much bit broader
• 36:22
  Speaker 1: and I think deeper look at really what's happening in
• 36:25
  Speaker 1: the next generation of all this stuff going forward. So
• 36:28
  Speaker 1: thanks for coming in today.
• 36:29
  Speaker 3: Thank you for having me.
• 36:37
  Speaker 1: If you like this video, like and subscribe, drop a
• 36:39
  Speaker 1: comment down below, and also join our free private member group.
• 36:43
  Speaker 3: The link is in the description.