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Transcript

Polkadot September Incoming🚨Trans️actions Explode!️!🔥 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: All right, today we're going to be doing a deep
• 0:07
  Speaker 1: dive on Polka dot. I think you guys might be
• 0:10
  Speaker 1: interested in this one. It's going to be a full rundown.
• 0:13
  Speaker 1: You don't want to miss it. There are some big
• 0:15
  Speaker 1: news items that if you're into crypto, this is one
• 0:19
  Speaker 1: that you need to pay attention to. My name is
• 0:20
  Speaker 1: Paul Beron. Welcome back in the tech path. I do
• 0:22
  Speaker 1: want to say right here at the top is Polka
• 0:24
  Speaker 1: dot is sponsoring this video. But also we had a
• 0:27
  Speaker 1: massive run of comments of people on our channel asking
• 0:32
  Speaker 1: for more information, so you can, of course just visit
• 0:35
  Speaker 1: Polka dot network dot network and get a little bit
• 0:38
  Speaker 1: more information on it. But what we're going to do
• 0:39
  Speaker 1: today is rundown some of the things that are happening
• 0:42
  Speaker 1: within the ecosystem, and what we have found today I
• 0:45
  Speaker 1: think might surprise many of you that have been looking
• 0:48
  Speaker 1: at Polka dot. First up, I want to hit on
• 0:50
  Speaker 1: number of transactions. This just happened just yesterday, and of
• 0:54
  Speaker 1: course most of this well most of it is coming
• 0:56
  Speaker 1: over from Mythos and you've heard us talk about Mythos
• 0:59
  Speaker 1: before here on the channel. If you look at cryptoslam
• 1:02
  Speaker 1: right now, I just want to kind of zoom in
• 1:03
  Speaker 1: on this right here. This is d market right there,
• 1:07
  Speaker 1: which is Mythos, the number one NFT collection, And there's
• 1:10
  Speaker 1: a lot of reasons why. Well, counter Strike is a
• 1:12
  Speaker 1: good example of how all of this is playing into
• 1:14
  Speaker 1: it on Methos to where this has a potential to
• 1:18
  Speaker 1: really start to see big expansion on NFT usage in
• 1:22
  Speaker 1: Web two, especially as we start to see these Web
• 1:24
  Speaker 1: three conversion elements. I want to go to a clip
• 1:27
  Speaker 1: real click quick that we'll get into a little bit
• 1:30
  Speaker 1: more about how all this comes together, because there's a
• 1:33
  Speaker 1: lot of ecosystems out there in the gaming category. Take
• 1:36
  Speaker 1: a look at this one.
• 1:37
  Speaker 2: So Immutable is another very successful gaming project. They have
• 1:43
  Speaker 2: launched three hundred games. In fact, this year alone, they've
• 1:47
  Speaker 2: launched one game per day. It's really it's not even
• 1:50
  Speaker 2: in the realm of possible in most kind of traditional
• 1:54
  Speaker 2: mythical kind of one notable game. Mythical is still two
• 1:58
  Speaker 2: point two times larger in NFT revenues. And that's also
• 2:03
  Speaker 2: notable because the NFL season is over. The next NFL
• 2:09
  Speaker 2: season doesn't even start until September fifth. Even the wash trade,
• 2:13
  Speaker 2: so you know, Mythical doesn't engage in that activity to
• 2:16
  Speaker 2: try to you know, kind of drive volume. Five million
• 2:20
  Speaker 2: players have come into this game in the first year.
• 2:23
  Speaker 2: To put that in perspective, In the first year of
• 2:25
  Speaker 2: Madden it garnered twenty five million installs. In the first
• 2:30
  Speaker 2: year of Mythical it garnered five million. This is theoretically
• 2:34
  Speaker 2: the most successful app we've seen in crypto to date.
• 2:37
  Speaker 2: That engine and what they've built for NFL Rivals can
• 2:42
  Speaker 2: be ported because they own Rivals. So think other leagues
• 2:45
  Speaker 2: stay tuned on that point because I think there's going
• 2:47
  Speaker 2: to be more exciting news coming.
• 2:49
  Speaker 3: And also forget Padji Penguins, which they have already announced
• 2:52
  Speaker 3: for next year.
• 2:53
  Speaker 1: And there are some key times that play into this
• 2:56
  Speaker 1: in terms of how this could flow out. I want
• 2:59
  Speaker 1: to go to another clip real quick, because they also
• 3:02
  Speaker 1: angle against some of the bigger blockchains. So take a
• 3:04
  Speaker 1: look at this one.
• 3:05
  Speaker 4: And you know, we looked at everyone and everyone told us, Okay, yeah,
• 3:09
  Speaker 4: the gaming chain is is Polygon, got to go with Polygon.
• 3:12
  Speaker 4: And then a month later it's like, oh, the gaming
• 3:14
  Speaker 4: chain is Avalanche and that's Solana, right, So you get
• 3:17
  Speaker 4: all these things, and I think they're more hyped in substance.
• 3:20
  Speaker 4: Most of the time. One is we need stability, so
• 3:23
  Speaker 4: something like Solana is kind of a non starter. If
• 3:26
  Speaker 4: the chain goes down, it doesn't work for days at
• 3:28
  Speaker 4: a time. You know, our apps get pulled from the
• 3:31
  Speaker 4: app store right, sales don't go through, they get rejected.
• 3:34
  Speaker 4: That doesn't work. And we also need to see a
• 3:37
  Speaker 4: roadmap that lets us feel confident in the future. And
• 3:41
  Speaker 4: you know, Polko Dot check that off as well. We
• 3:43
  Speaker 4: want something with you know, it's actually decentralized. You'd be
• 3:46
  Speaker 4: hard pressed to find a better chain than Polko Doot
• 3:48
  Speaker 4: for those two things for sure.
• 3:49
  Speaker 1: We did this video two months ago and this was
• 3:52
  Speaker 1: the biggest gaming reveal ever and it was talking about
• 3:56
  Speaker 1: Mythos and really kind of their portal concept. Go back
• 3:59
  Speaker 1: and watch this video because it'll help you, guys get
• 4:01
  Speaker 1: an idea. But it's the one that was based on
• 4:04
  Speaker 1: ready Verse. You'll see it in there of what is
• 4:07
  Speaker 1: happening in the gaming ecosystem, and again this gets back
• 4:09
  Speaker 1: into some pretty big announcements that are happening. Stable Coins
• 4:13
  Speaker 1: also moving only one on Polka Dot, so you've got
• 4:17
  Speaker 1: that component that you still need because stable coins, of
• 4:20
  Speaker 1: course have to be resident in any kind of these
• 4:22
  Speaker 1: exchanges obviously in the sense of being able to just
• 4:24
  Speaker 1: handle liquidity going out there other things that kind of
• 4:28
  Speaker 1: changed quite a bit since. Really, I think a lot
• 4:31
  Speaker 1: of people have looked at polka Dot and if you
• 4:33
  Speaker 1: look back at their history back in the twenty twenty
• 4:36
  Speaker 1: one when Poka doont was really one of the go
• 4:39
  Speaker 1: to chains out there, I think many of you guys
• 4:42
  Speaker 1: will remember many of the shows and topics that we
• 4:44
  Speaker 1: talked about that time. But I think the lazy Polka
• 4:46
  Speaker 1: Dot's ux is terrible can be taken and now officially buried.
• 4:51
  Speaker 1: And there's a reason why all this is happening. But
• 4:54
  Speaker 1: this was the function in which you'd be able to
• 4:56
  Speaker 1: engage on Polka Dot, and this was a problem. And
• 5:00
  Speaker 1: I think these mini chains were like this in twenty
• 5:02
  Speaker 1: twenty one. So I don't want to say one bad
• 5:04
  Speaker 1: thing about one chain or another, but everybody was still
• 5:07
  Speaker 1: trying to build on this that has started to move
• 5:10
  Speaker 1: pretty significantly in the right direction. So one of the
• 5:13
  Speaker 1: things you can look at here is Nova wallet, which
• 5:15
  Speaker 1: is the leading mobile wallet for pok dot, and look
• 5:18
  Speaker 1: at the UI big difference here now so and I
• 5:20
  Speaker 1: think that is the thing and also the theme that
• 5:23
  Speaker 1: we're seeing now in twenty twenty four is that many
• 5:26
  Speaker 1: of these chains have come of age. I want to
• 5:28
  Speaker 1: go to a clip real quick that we'll get into
• 5:30
  Speaker 1: a little bit more detail on how this UI exploded
• 5:34
  Speaker 1: pok dot. Take a look.
• 5:35
  Speaker 5: Staking really is the main product in the poke Doot
• 5:37
  Speaker 5: ecosystem currently and you can tell that because this fifty
• 5:40
  Speaker 5: eight point five percent of all dot is staked right
• 5:43
  Speaker 5: by sixty thousand users. So this is why we focus
• 5:47
  Speaker 5: very heavily on providing the best possible staking experience for everybody.
• 5:51
  Speaker 5: We recently released the one click on boarding so you
• 5:54
  Speaker 5: can on board an oval wallet with your Apple ID
• 5:56
  Speaker 5: or Google account and set a proxy account your hot
• 6:00
  Speaker 5: wallet so you can manage your validators and change your
• 6:03
  Speaker 5: rewards destination and things like that and all these other
• 6:06
  Speaker 5: things you can see on the screen that we spoke
• 6:08
  Speaker 5: about before. How has actually affected the staking landscape right.
• 6:12
  Speaker 5: So this graph is the new cumulative dot staked with
• 6:17
  Speaker 5: wallets and lsds in the ecosystem since the fest of
• 6:20
  Speaker 5: September twenty twenty three, and you can see in terms
• 6:23
  Speaker 5: of the new dot being steaked, nerve wallet is in
• 6:25
  Speaker 5: the lead with just over ten million dot being staked. However,
• 6:28
  Speaker 5: some people had a bit of a head start over us.
• 6:30
  Speaker 5: So we're also going to look at the total dot
• 6:32
  Speaker 5: stakes since September, and well you can see that Nova
• 6:36
  Speaker 5: is now in the lead in terms of total dot
• 6:38
  Speaker 5: stakes compared to LSD's That is over three hundred million
• 6:41
  Speaker 5: total value stakes via Nova, over fifteen thousand people staking
• 6:45
  Speaker 5: using norther wallet, and if you remember what I said earlier,
• 6:48
  Speaker 5: there's sixty thousand people staking overall, So twenty five percent
• 6:52
  Speaker 5: of everybody steaking dot is using norv wallet, which is
• 6:55
  Speaker 5: absolutely amazing.
• 6:57
  Speaker 1: Big moves there again on UI starts to accel. Alright,
• 7:00
  Speaker 1: what's happening in those ecosystems, specially arounds taking pokadard. I
• 7:03
  Speaker 1: think you guys have probably seen the kind of yells
• 7:05
  Speaker 1: that are out there. I want to go to this
• 7:06
  Speaker 1: next clip because this is the next phase in where
• 7:09
  Speaker 1: some of this could really take place, and that is
• 7:11
  Speaker 1: in Web three. Let's go to this clip.
• 7:14
  Speaker 6: So how can I use it in the store, How
• 7:15
  Speaker 6: can convert? How can it like? What's next? And we
• 7:19
  Speaker 6: decided to solve this issue. So ladies and gentlemen, I
• 7:33
  Speaker 6: present to brand new product in the Polko Taken system
• 7:37
  Speaker 6: It is a debit cards on the Polka Dot, which
• 7:39
  Speaker 6: we're about to release this September for the region COVICH.
• 7:43
  Speaker 6: We start with Europe and UK, and in the next
• 7:46
  Speaker 6: year this is going to be expanded to the Latom
• 7:49
  Speaker 6: and US. But what really excites me is how we
• 7:52
  Speaker 6: can go further. We are working heavily right now on
• 7:56
  Speaker 6: the self castogo cards, which would be an next iteration
• 8:00
  Speaker 6: on it right that unlocks you unlimited possibilities on the
• 8:04
  Speaker 6: podcalont The really low handed fruit for imagining this is
• 8:08
  Speaker 6: basically a staken You can today set any account in
• 8:12
  Speaker 6: the known wallet to be an account that receives your
• 8:15
  Speaker 6: steaking carve ards daily, right, so you can imagine that
• 8:18
  Speaker 6: account can be used to receive your staking cave arts
• 8:23
  Speaker 6: and as soon as you have it, you'll see the
• 8:25
  Speaker 6: pussification no wallet, and that immediately without any mental barrier,
• 8:31
  Speaker 6: basically provide the opportunity to spend it right anywhere in
• 8:34
  Speaker 6: the world. We're designing the self caustial solution, which we're
• 8:38
  Speaker 6: aiming to release next year.
• 8:40
  Speaker 1: This could be huge for traditional finance what we'll see
• 8:44
  Speaker 1: in DeFi, but also I think in a lot of
• 8:46
  Speaker 1: these neobanks that have really kind of been building a
• 8:48
  Speaker 1: lot of their customer base. Could this change kind of
• 8:51
  Speaker 1: the habits of both retailers and consumers alike? And if
• 8:54
  Speaker 1: this is all happening, and it appears to be in September,
• 8:58
  Speaker 1: pretty big moves now they go for We're a little
• 9:00
  Speaker 1: bit further into this in terms of how Polka Dot
• 9:03
  Speaker 1: could help retailers. So I want to play another clip
• 9:05
  Speaker 1: for you to take a look.
• 9:06
  Speaker 7: You may want pay where in more than a million
• 9:09
  Speaker 7: stares and website across the US, and later this year
• 9:14
  Speaker 7: we are looking to launch international support. But that's not
• 9:18
  Speaker 7: all of it. On every purchase, you will be able
• 9:22
  Speaker 7: to get up to twenty percent cash back in dot
• 9:25
  Speaker 7: find funded by the brands you shop at this app.
• 9:29
  Speaker 7: We're looking at launching this app in Q three this year.
• 9:32
  Speaker 8: I think what a lot of folks don't realize is
• 9:34
  Speaker 8: Starbucks exactly is actually a bank that sells coffee. Fifty
• 9:38
  Speaker 8: five percent of all of Starbucks's transactions are on a
• 9:42
  Speaker 8: Starbucks card, which is a gift card. And so we're
• 9:45
  Speaker 8: seeing this as an industry trend, which is retailers are
• 9:50
  Speaker 8: leveraging gift cards as a means to drive loyalty. We're
• 9:52
  Speaker 8: tied in directly into their point of sales systems where
• 9:55
  Speaker 8: we can issue cards on demand to any retailer.
• 9:58
  Speaker 7: And it is right eye opening if you just realize
• 10:02
  Speaker 7: the size of it and the gross rates over the
• 10:05
  Speaker 7: last whatever ten years.
• 10:06
  Speaker 8: Right, it's at trillion dollars this year, right, and we're
• 10:09
  Speaker 8: going to get to about two and a half trillion
• 10:11
  Speaker 8: in the next five or six years globally.
• 10:13
  Speaker 1: All Right, So I don't know that you guys understand
• 10:16
  Speaker 1: how big what his statement was is for the retail
• 10:20
  Speaker 1: side of things, because this is one of the biggest
• 10:22
  Speaker 1: challenges I think for retailers is the idea to really
• 10:25
  Speaker 1: two big challenges. One of course is the fees on
• 10:28
  Speaker 1: transactions for credit card activities. The other is being able
• 10:32
  Speaker 1: to engage loyalty and true loyalty of how users can
• 10:35
  Speaker 1: use it. So the fact that they're making these kind
• 10:38
  Speaker 1: of inroads in retailers globally with redemption back into dot
• 10:42
  Speaker 1: in terms of advantages for the potential of creating a better,
• 10:46
  Speaker 1: more loyal audience. Remember, this is the biggest thing I
• 10:48
  Speaker 1: think in Web three. I still think this is the
• 10:51
  Speaker 1: killer app, and that meaning that loyalty will be the
• 10:54
  Speaker 1: killer app of Web three for all retail and if
• 10:57
  Speaker 1: they're doing it the right way on blockchain, maybe Poked
• 11:00
  Speaker 1: has an opportunity here to seize the moment and really
• 11:03
  Speaker 1: get in on these early building block days of where
• 11:06
  Speaker 1: these retailers are going. So huge news right there are
• 11:09
  Speaker 1: coming in. The Other thing that's happening is sept First
• 11:12
  Speaker 1: of all, you guys noticed there's a lot of things
• 11:14
  Speaker 1: happening in September. Okay, so you got September coming up,
• 11:18
  Speaker 1: possibly some macro pressures that could started rebelieve things, but
• 11:21
  Speaker 1: also some things are happening within the EU in September
• 11:26
  Speaker 1: as well. Take a look at this clip.
• 11:28
  Speaker 3: Ninety six percent of all cars are connected. All the
• 11:31
  Speaker 3: data goes to the clouds. You don't own that data,
• 11:36
  Speaker 3: arrow codes of the car, you preferred radio station, whatever.
• 11:39
  Speaker 3: But they also collect all your personal phone calls, they
• 11:44
  Speaker 3: collect where you stopped, and even your sexual activity. Now
• 11:48
  Speaker 3: I was not the only one concerns about, let's say,
• 11:51
  Speaker 3: monitoring sexual activities by car companies. This street seems a
• 11:56
  Speaker 3: famous guy got almost seven hundred thousand views. The thing is,
• 12:00
  Speaker 3: shouldn't we democratize vehicle data and distribute at seven hundred
• 12:05
  Speaker 3: and fifty billion, Thank you. We're all gonna own it.
• 12:10
  Speaker 3: We're gonna own the data. People thought that I was
• 12:14
  Speaker 3: lookerer in the brain. That will never work well. They
• 12:19
  Speaker 3: are forced to thanks to the EU Data Act, which
• 12:22
  Speaker 3: has been signed in November last year. And the Data
• 12:25
  Speaker 3: Act literally says, the driver is the owner of the data.
• 12:30
  Speaker 3: We've built this on peak and Polka Dot. And how
• 12:34
  Speaker 3: it works is so they go to a kind of
• 12:37
  Speaker 3: we call it marketplace and they ask you, hey, mister driver,
• 12:41
  Speaker 3: can you share your data? If you share me your mileage,
• 12:44
  Speaker 3: for instance, I'm gonna give you five tokens in return,
• 12:47
  Speaker 3: So you get paid now for sharing your own data.
• 12:51
  Speaker 3: You can use all the tokens that you've got over
• 12:53
  Speaker 3: here and pay for a portion for the insurance contract
• 12:57
  Speaker 3: or replacement of tires whatever on the right side. You
• 13:00
  Speaker 3: see it. Europe is already part of our shareholder today.
• 13:04
  Speaker 3: We are the only one focusing on the EU Data Act.
• 13:06
  Speaker 3: Then that makes a really, really big difference. The Apple
• 13:09
  Speaker 3: will be released in September.
• 13:11
  Speaker 1: We may see some of that even here in the
• 13:12
  Speaker 1: United States, especially as personal privacy becomes a major issue,
• 13:16
  Speaker 1: which I think is why we're seeing a lot more
• 13:18
  Speaker 1: of the Big Three starting to look at ways to
• 13:21
  Speaker 1: democratize data. But if blockchain is the beginning for this,
• 13:25
  Speaker 1: and especially if our law markers start to really understand
• 13:28
  Speaker 1: what this means, this could be a revolution in how
• 13:32
  Speaker 1: consumers could now utilized data as a way and means
• 13:37
  Speaker 1: to make money on it, on your own personal data.
• 13:39
  Speaker 1: And if blackchain is the answer, this will change everything
• 13:42
  Speaker 1: I think in the future of tech. All right, listen,
• 13:44
  Speaker 1: if you guys are not in the diamond circle, make
• 13:47
  Speaker 1: sure and get in. It's a great place to get
• 13:48
  Speaker 1: additional content. We cover projects like this a little bit deeper.
• 13:52
  Speaker 1: We'll do a lot more research on understanding what's happening
• 13:55
  Speaker 1: within these ecosystems, and we do it, you know, from
• 13:58
  Speaker 1: time to time. If you have some ideas, drop some
• 14:00
  Speaker 1: comments down below. We always love to look at different
• 14:03
  Speaker 1: projects out there. Of course, if you're not following me
• 14:05
  Speaker 1: on X do that. It's Paul Baron. We'll catch you
• 14:08
  Speaker 1: next time right here on Techpath.