Latest / The Paul Barron Crypto Show / Made in U.S.A. Crypto🚨MASSIVE Sui Updates Coming!🚀INTERVIEW

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Made in U.S.A. Crypto🚨MASSIVE Sui Updates Coming!🚀INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Let's get into some top blockchains today. We're going to
• 0:08
  Speaker 1: do an interview for you guys that I think you
• 0:09
  Speaker 1: will not want to miss, and it's all about American
• 0:11
  Speaker 1: made crypto. My name is Pelbara. Welcome back into tech
• 0:14
  Speaker 1: Path today. We want to dive in a little deeper
• 0:16
  Speaker 1: with one of our channel partners and that is Swee.
• 0:19
  Speaker 1: Of course joining us now is at Ane a biodin.
• 0:22
  Speaker 1: I think I get that right at any so's perfect.
• 0:26
  Speaker 1: See I'm trying. Thanks for coming in today, We appreciate it.
• 0:28
  Speaker 1: CEO and founder and CPO over at Misston Labs.
• 0:31
  Speaker 2: Of course, thank you very much. It's great to be here.
• 0:33
  Speaker 1: So we had aving on. We had a chance to
• 0:37
  Speaker 1: really dive deep with him, a great video. A lot
• 0:39
  Speaker 1: of people really love what Swee is doing as a network.
• 0:43
  Speaker 1: And if you look at the scenario that I think
• 0:46
  Speaker 1: a lot of people are looking at now, is the
• 0:48
  Speaker 1: whole idea of American or crypto that's American based. Obviously
• 0:53
  Speaker 1: the Trump administration really getting into that. There's a whole
• 0:55
  Speaker 1: category now over on coin market Cap. Sue of course
• 0:59
  Speaker 1: is now now one of those tokens that have been
• 1:01
  Speaker 1: identified as projects that are kind of made in America
• 1:05
  Speaker 1: when you look at building blockchains now under this new administration,
• 1:10
  Speaker 1: and SWEE has been somewhat of a global entity, obviously
• 1:14
  Speaker 1: based in the United States. Are you guys planning on
• 1:18
  Speaker 1: bringing more of your operations back into the US now
• 1:21
  Speaker 1: that we have a new admin.
• 1:24
  Speaker 2: Yeah, absolutely, it's a good time.
• 1:26
  Speaker 3: I think the shift is certainly happening in terms of
• 1:29
  Speaker 3: more favorable abilities for crypto companies to build in the States.
• 1:35
  Speaker 3: As many people know, we were the original team behind
• 1:38
  Speaker 3: the Libra project of Facebook, which through regulatory governmental project pressures,
• 1:42
  Speaker 3: couldn't actually launch. We left Facebook to fulfill the dream
• 1:46
  Speaker 3: of actually building a global system for everybody to have
• 1:50
  Speaker 3: access to their own assets and that became sweet.
• 1:53
  Speaker 2: So mis Labs is the original contributor to SWEE.
• 1:55
  Speaker 3: We recently joined the Blocksain Association in the Chamber of
• 1:57
  Speaker 3: Commerce and we're actually having active costations in regards to
• 2:01
  Speaker 3: upcoming regulatory changes that will happen that will be favorable
• 2:05
  Speaker 3: to crypto and we hope these things happen really quickly.
• 2:08
  Speaker 1: Well, listen, I think the key is really understanding where
• 2:11
  Speaker 1: the technology transition is happening for blockchain around this administration,
• 2:15
  Speaker 1: because they're kind of getting well David Sachs is a
• 2:18
  Speaker 1: good I think he's a good emissary because he understands
• 2:21
  Speaker 1: blockchain in general rather than just being a bitcoiner. People
• 2:24
  Speaker 1: understand that it's a much broader market. There's a lot
• 2:27
  Speaker 1: more opportunity here. So to your point, let me jump
• 2:30
  Speaker 1: over to the Walrus launch, because this is something that
• 2:33
  Speaker 1: everybody's very excited about. Walrus course is now launching. Some
• 2:37
  Speaker 1: of you, guys, if you don't know much about this
• 2:39
  Speaker 1: is a head to head comparison to file coin, our
• 2:41
  Speaker 1: weave storage. You guys have seen us talk about this.
• 2:44
  Speaker 1: Tell me about Walrus. When do you think this is
• 2:47
  Speaker 1: going to go live and any goodness that you can
• 2:49
  Speaker 1: share with our audience.
• 2:50
  Speaker 3: Yeah, so waas is going to be live early this year,
• 2:53
  Speaker 3: so the main that date is actually very soon. It's
• 2:56
  Speaker 3: been in Teslina for a few months and it's done
• 2:58
  Speaker 3: really really well. Waris ultimately is what decentralized aws is,
• 3:03
  Speaker 3: but on steroids. A lot of these other storage networks
• 3:07
  Speaker 3: are really just dumb storage, and dumb storage is cheap.
• 3:09
  Speaker 3: You can just throw a file a blob on the
• 3:11
  Speaker 3: Internet and somehow you retrieve it. Some of them do
• 3:13
  Speaker 3: not give you guarantee to the files actually stored. Some
• 3:16
  Speaker 3: of them require you to pay one hundred years in
• 3:17
  Speaker 3: advance for the storage, which makes no sense, and there's
• 3:20
  Speaker 3: no way to update the files.
• 3:22
  Speaker 2: There are lots of you know, I.
• 3:24
  Speaker 3: Would say poor engineering decisions that's led to really poor
• 3:27
  Speaker 3: decentilized storage. WARRIS is on a different level. It's built
• 3:30
  Speaker 3: specifically to become the decentralized version of what Amazon offers today,
• 3:36
  Speaker 3: so you can actually use the same Amazon APIs to
• 3:40
  Speaker 3: use a decentilized storage layer like WARS, which is exciting.
• 3:43
  Speaker 3: So people will be able to store the entire websitees,
• 3:46
  Speaker 3: the entire front end and back end directly on WARS.
• 3:48
  Speaker 3: So for the first time you can have a fully
• 3:50
  Speaker 3: decentralized application. Right now, majority of web three runs off
• 3:53
  Speaker 3: Amazon and Google, but then the back end, being smart
• 3:55
  Speaker 3: contract sits on a blockchain. What we're enabling now is
• 4:00
  Speaker 3: a fully programmable storage layer, not just dumb storage. You
• 4:03
  Speaker 3: can actually program the storage itself. Where now you have
• 4:06
  Speaker 3: the front end running in the decentralized infrastructure and the
• 4:09
  Speaker 3: back end running using small contracts.
• 4:11
  Speaker 2: So whether you're running Suite.
• 4:13
  Speaker 3: Applications, Salana applications is here in applications, you now have
• 4:17
  Speaker 3: a viable contender to actually build a fully end to
• 4:19
  Speaker 3: endocentialized application, which is where we really want to be.
• 4:22
  Speaker 2: A web three.
• 4:22
  Speaker 3: It has an all bunch of benefits, including you know security. Namely,
• 4:27
  Speaker 3: now you can be sure you're dealing with website that's legitimate,
• 4:30
  Speaker 3: unlike what happens today where people go to fraudulent websites
• 4:33
  Speaker 3: and get robbed of their crypto. So now you have
• 4:35
  Speaker 3: a very strong piece of infrastructure that would give a
• 4:38
  Speaker 3: lot more safety to consumers as well. So it's going
• 4:41
  Speaker 3: to be all good all around for everyone in the
• 4:42
  Speaker 3: crypto intrust.
• 4:44
  Speaker 1: Listen, this is a big breakthrough, I think when you
• 4:46
  Speaker 1: look at storage and on chain being kind of that
• 4:49
  Speaker 1: holy grail that everybody's been working toward, and quote we've
• 4:52
  Speaker 1: seen obviously with file coin as being one of the
• 4:54
  Speaker 1: ogs in the market. What about while we're stid token,
• 4:58
  Speaker 1: is there an air drop planned? What's kind of the
• 5:00
  Speaker 1: process here for those who are holding the sweet token
• 5:03
  Speaker 1: right now?
• 5:05
  Speaker 3: Yeah, So the people who are in a SUE ecosystem
• 5:07
  Speaker 3: always benefit from the inventions that we make, so ultimately
• 5:11
  Speaker 3: there will be there will be a wars air drop
• 5:13
  Speaker 3: to participant in the su ecosystem. The details of that
• 5:16
  Speaker 3: will be released soon. But the whole goal of Suite
• 5:19
  Speaker 3: is to build out a new decentralized trust layer for
• 5:23
  Speaker 3: the Internet. So you've seen we started with coordination, which
• 5:26
  Speaker 3: is sweet. Now this storage, and there'll be other things
• 5:29
  Speaker 3: that we build over the lifespan of the company, But
• 5:31
  Speaker 3: the whole goal is to give everybody a brand new
• 5:33
  Speaker 3: stack to build a new form of new forms of
• 5:35
  Speaker 3: applications are free from centralized entities. Warris is the next
• 5:39
  Speaker 3: big thing for us in that regard. So there's a
• 5:41
  Speaker 3: lot of engineering resources, a lot of money being spent
• 5:44
  Speaker 3: to make this most successful platform in regards to storage.
• 5:47
  Speaker 3: But we believe there's also a ton of Web two
• 5:50
  Speaker 3: companies that are going to be leveraging Warris as a
• 5:53
  Speaker 3: backup of last resort because now you don't have to
• 5:56
  Speaker 3: worry about you don't have to worry about central entity
• 5:58
  Speaker 3: losing your files.
• 5:59
  Speaker 2: You know, I have the sympilizentity.
• 6:01
  Speaker 3: Even if you're backing up to AWS, you now have
• 6:03
  Speaker 3: another service that you could use as a backup of
• 6:06
  Speaker 3: last resort that is highly highly scalable and also very
• 6:09
  Speaker 3: very cheap to use.
• 6:11
  Speaker 1: Listen redundancy I think is in many cases overlooked by
• 6:15
  Speaker 1: a lot of companies until you get down into the
• 6:18
  Speaker 1: the nitty gritty of really building an application and understanding
• 6:21
  Speaker 1: the importance of it. So to your point, a big deal,
• 6:24
  Speaker 1: let's talk about consistency and redundancy. You look at the
• 6:28
  Speaker 1: performance of some of the blockchains out there. Solana has
• 6:30
  Speaker 1: always been and received a couple of knocks out there,
• 6:33
  Speaker 1: even though I still think it's one of the best chains,
• 6:36
  Speaker 1: and the big one is always about performance, and of
• 6:39
  Speaker 1: course their network outage the last one. We're going on
• 6:42
  Speaker 1: a one year network outage with Solana, but also swe
• 6:46
  Speaker 1: had a recent network outage. How big of a deal
• 6:49
  Speaker 1: was this for a network outage to occur on suite
• 6:52
  Speaker 1: and explain what happened?
• 6:53
  Speaker 2: First?
• 6:54
  Speaker 3: Yeah, yeah, First of all, I want to come in
• 6:56
  Speaker 3: the Salona team. They've actually done a really good job. Look,
• 6:58
  Speaker 3: it's hard to build highly scalable systems and people are
• 7:01
  Speaker 3: finding out how difficult these systems are to run, and
• 7:03
  Speaker 3: they've done a better job than majority of participants in
• 7:06
  Speaker 3: the web three space, So highly commend them. We had
• 7:09
  Speaker 3: an outage that lasted for about an hour and a
• 7:11
  Speaker 3: half that resolved ultimately quickly by the ecosystem it's amazing
• 7:15
  Speaker 3: the fact that they could turn this around in a
• 7:17
  Speaker 3: short short space of time. What happened was there was
• 7:19
  Speaker 3: a bug that was introduced on a Monday that wasn't
• 7:22
  Speaker 3: caught in a regression, and ultimately it was discovered on
• 7:26
  Speaker 3: It was actually occurred on a Friday, sorry on a Thursday,
• 7:29
  Speaker 3: and the team woke up early in the morning and
• 7:31
  Speaker 3: resolved it very quickly. The validators were able to all
• 7:33
  Speaker 3: push updates relatively quickly, and the networks back and humming. Ultimately,
• 7:37
  Speaker 3: no funds were lost as expected, and the networkers performing
• 7:41
  Speaker 3: as it should do now.
• 7:42
  Speaker 2: I would even add.
• 7:42
  Speaker 3: That you generally protocols struggled to update to provide just
• 7:47
  Speaker 3: one protocol update in the space of a year. In
• 7:49
  Speaker 3: a space of a year and a half, we've released
• 7:51
  Speaker 3: three updates with no issues, just the one of recent
• 7:55
  Speaker 3: So we're moving at a light speed that the industry
• 7:57
  Speaker 3: has just never seen before.
• 7:58
  Speaker 2: So these things could happen.
• 8:00
  Speaker 1: I like it. I like fast moving technology because it
• 8:03
  Speaker 1: usually means you're breaking things, fixing it, and then making
• 8:05
  Speaker 1: it better, which is the great part of blockchain. I
• 8:08
  Speaker 1: want to talk about deep Book because this is a
• 8:11
  Speaker 1: project that we continue to watch very closely this writing
• 8:13
  Speaker 1: on Suite and if you look at deep book in general,
• 8:16
  Speaker 1: obviously this token has been moving up for quite some time.
• 8:20
  Speaker 1: Potentially this could really impede on what centralized exchanges are doing.
• 8:25
  Speaker 1: How much of an impact could deep book really have
• 8:29
  Speaker 1: on things like coinbase and kracken and others. What are
• 8:32
  Speaker 1: your thoughts?
• 8:32
  Speaker 3: Yeah, if you've seen there have been some recent token
• 8:35
  Speaker 3: launches that we're done without the aid of centralized exchanges,
• 8:39
  Speaker 3: I think that's going to become a growing factor, especially
• 8:42
  Speaker 3: if you think about wallets like Phantom, even Jupiter and
• 8:45
  Speaker 3: things like that, who are able to bring in a
• 8:47
  Speaker 3: lot of retail eyeballs to launches, and of a recent
• 8:50
  Speaker 3: trump Coins for example too. Deep book is an advanced
• 8:55
  Speaker 3: decentralized central order book. Every exchange runs off an order book,
• 8:59
  Speaker 3: which is in the fish way of providing liquidity. They're
• 9:02
  Speaker 3: inherently hard to build on decentralized blockchains because you need
• 9:05
  Speaker 3: very very high bandwidth, very very low latency. It just
• 9:08
  Speaker 3: so happens squeeze latency is the lowest of all in
• 9:11
  Speaker 3: the industry, and the bandwidth is probably one of the highest,
• 9:14
  Speaker 3: so you can trade in and out of positions faster
• 9:17
  Speaker 3: than you can on any other decentralized platform. So it's
• 9:20
  Speaker 3: no wonder why marketmakers and large institutions are now plugging
• 9:24
  Speaker 3: into deeper can use that as a as a layer
• 9:26
  Speaker 3: of liquidity, and we expect that to grow significantly this year.
• 9:29
  Speaker 3: We have a number of large institutions that are looking
• 9:31
  Speaker 3: to plug into deepook and use that as a form
• 9:33
  Speaker 3: of liquidity. They're going to be listing BTC and we
• 9:36
  Speaker 3: believe over time you actually start to see the list
• 9:38
  Speaker 3: of the listing of cryptosecurities directly on deepook as well.
• 9:41
  Speaker 3: So imagine and now being able to buy and sell
• 9:44
  Speaker 3: all forms of securities, whether it's bonds, starts directly on
• 9:47
  Speaker 3: the decentralized central limit order book and everybody can plug
• 9:49
  Speaker 3: into it as a form of liquidity, and very very
• 9:51
  Speaker 3: soon you'll be able to buy assets on other chains
• 9:54
  Speaker 3: directly from deep book too. So it's a technology feat
• 9:57
  Speaker 3: in itself.
• 9:58
  Speaker 1: How big of a will this have when you look
• 10:02
  Speaker 1: at things that Blackrock is doing, you look at JP Morgan,
• 10:05
  Speaker 1: both of which have been able to integrate a lot
• 10:07
  Speaker 1: of these order books in the advancement of token is securities.
• 10:11
  Speaker 1: Is that something that deep Book would essentially rival or compliment.
• 10:15
  Speaker 3: It would largely complement what they're doing because now they
• 10:18
  Speaker 3: have a venue, at a centralized venue that's programmable, they
• 10:21
  Speaker 3: can effectively allow all forms.
• 10:23
  Speaker 2: It's a distribution play.
• 10:25
  Speaker 3: You can now use de book as a way to
• 10:26
  Speaker 3: distribute your assets across any number of regions in the world.
• 10:30
  Speaker 3: And the great thing about deep book is you can
• 10:31
  Speaker 3: build rules into it. You could say only people with
• 10:33
  Speaker 3: blackrock IDs or gipy morgan IDs can trade in this
• 10:35
  Speaker 3: particular pair versus not, so you can.
• 10:38
  Speaker 2: Have fully permission less. Fully it's always public.
• 10:42
  Speaker 3: You can have public permission public permissionless variants of the book.
• 10:45
  Speaker 3: But it's the first time anything like this has ever
• 10:47
  Speaker 3: been possible. So it's going to aid the work they do.
• 10:50
  Speaker 3: It's actually not going to impede the work that they're doing.
• 10:52
  Speaker 3: I imagine a lot of our was We've been listed
• 10:54
  Speaker 3: on deep book directly too.
• 10:56
  Speaker 1: I'm excited about that one. I think this is going
• 10:57
  Speaker 1: to be one of those breakthroughs that we within this
• 11:00
  Speaker 1: network could be the one of those milestones that everybody
• 11:03
  Speaker 1: will recognize it for Axilar just announced crossing transactions initiated
• 11:07
  Speaker 1: on SMS. This is coming of course from Suie also
• 11:11
  Speaker 1: using Phantom powered by AXELR. So great interact with operability here.
• 11:15
  Speaker 1: But my question is is SMS kind of the old
• 11:19
  Speaker 1: way of doing it as opposed to a Web three
• 11:23
  Speaker 1: way of doing it? What are your thoughts on that?
• 11:25
  Speaker 1: Do you think we need this transition step?
• 11:28
  Speaker 3: So I actually see this as more of a distribution
• 11:30
  Speaker 3: maximizing distribution. The way in which you bring billions of
• 11:34
  Speaker 3: people into Web three is by going to where they
• 11:36
  Speaker 3: are rather than asking them to come to where we are.
• 11:38
  Speaker 3: What we did this year last year actually is we
• 11:41
  Speaker 3: invented a tonlogy closeki logan where you can now send
• 11:44
  Speaker 3: money just using email, using your Google account, faibook account,
• 11:47
  Speaker 3: whatever you want you could use as an identity to
• 11:49
  Speaker 3: transact on chain and a fully permissionless and private way.
• 11:52
  Speaker 3: I think SMS is just an extension of that. We
• 11:55
  Speaker 3: did some studies at Facebook and one of the things
• 11:57
  Speaker 3: we found that unilatural payments is going to be one
• 12:00
  Speaker 3: of the biggest onlocks in finance as a whole. So
• 12:02
  Speaker 3: being able to send money to someone and they don't
• 12:04
  Speaker 3: need to on ramp as a way to actually get
• 12:06
  Speaker 3: access and use the funds, that is huge. So anything
• 12:09
  Speaker 3: that can be done in SMS would be along that corridor.
• 12:12
  Speaker 3: We've also invented some technology atmisteron where we can compress
• 12:15
  Speaker 3: a transaction to the size of an SMS message. I
• 12:18
  Speaker 3: can deliver that anywhere in the world, so you can
• 12:20
  Speaker 3: actually without Wi Fi, without Internet, you can transactions in
• 12:24
  Speaker 3: the Suite ecosystem. We think these are the kind of
• 12:27
  Speaker 3: breakthroughs you want. You want to be able to reach
• 12:28
  Speaker 3: out so many people's broadly, whether it's email, SMS, all
• 12:31
  Speaker 3: tech sometimes is useful.
• 12:33
  Speaker 1: Any update on the potential of the interoperability within ax.
• 12:38
  Speaker 3: Lar, Yeah, So Axlar is going to be turning on
• 12:41
  Speaker 3: to Suite this month. In addition to that, they are
• 12:45
  Speaker 3: going to be enabling cross chain transactions via a protocol
• 12:49
  Speaker 3: called Squid, So you'll be able to trade assets across
• 12:51
  Speaker 3: a number of chains directly using the Squid protocol, and
• 12:54
  Speaker 3: you'll be able to land them through deep Book as well.
• 12:56
  Speaker 2: So here again you.
• 12:57
  Speaker 3: Have deep Book powering another ecosystem, I mean Palatrade across
• 13:01
  Speaker 3: a number of chains as well.
• 13:03
  Speaker 1: I'm looking at DeFi Lama right now, and this is
• 13:06
  Speaker 1: the sweet stable coin transactions. You can kind of see
• 13:09
  Speaker 1: the cumulative numbers here and I don't see this kind
• 13:14
  Speaker 1: of bell curve growth. Why do you think we have
• 13:17
  Speaker 1: not seen stable coins really start to proliferate within the
• 13:21
  Speaker 1: suit network.
• 13:23
  Speaker 3: So that's primarily because stable coins only recently came to
• 13:28
  Speaker 3: the suecosystem. So if you remember, we announced native USCC
• 13:33
  Speaker 3: only in the latter half of last year, the latter
• 13:35
  Speaker 3: half of last year, so it's only really been live
• 13:37
  Speaker 3: for a couple of months, and since then it's grown
• 13:40
  Speaker 3: to over formed a million dollars in terms of I believe. Also,
• 13:43
  Speaker 3: FDUSD just grew to one hundred million TVL at loane,
• 13:46
  Speaker 3: so it's done to grow, and I think it will
• 13:48
  Speaker 3: take some time. Networks like Solana and whatever, I've had
• 13:51
  Speaker 3: it for a lot longer. But the more important thing
• 13:54
  Speaker 3: is is a utility for the stable coin on suite.
• 13:56
  Speaker 3: It's one thing to just have stable coins, but you
• 13:58
  Speaker 3: have to have a use for it, and what we're
• 13:59
  Speaker 3: seeing is stable coin transaction volume on Suite is growing
• 14:02
  Speaker 3: in addition to the TVL, which is exciting because you
• 14:06
  Speaker 3: don't want to have dormant assets earning no yield and
• 14:09
  Speaker 3: adding no value.
• 14:10
  Speaker 2: So it's one of the things we're very, very.
• 14:12
  Speaker 3: Proud of is that the TVL on Suite is finding
• 14:15
  Speaker 3: actual use utility, whether it's lending or trading or other
• 14:18
  Speaker 3: schemes as well. Gaming is going to be one of
• 14:20
  Speaker 3: the biggest onlocks this year for three in regards to
• 14:23
  Speaker 3: stable coins.
• 14:24
  Speaker 1: So okay, big unlock on gaming. Because I was going
• 14:26
  Speaker 1: to ask the direction here on DeFi versus consumer applications
• 14:30
  Speaker 1: within the suite network. Do you feel like it's going
• 14:32
  Speaker 1: to equally grow or do you feel like there's a
• 14:34
  Speaker 1: strong point for Suite.
• 14:36
  Speaker 3: Our thesis is gaming will grow DeFi, not the other
• 14:40
  Speaker 3: way around, like gaming will be the it would be
• 14:43
  Speaker 3: that doorway where it's effectively a utility. Like I always say,
• 14:47
  Speaker 3: it's hard to call DEFY a product. It's really just infrastructure.
• 14:50
  Speaker 3: It's a financial programmable financial infrastructure. And game studios don't
• 14:54
  Speaker 3: want to build everything from ground up every time you
• 14:56
  Speaker 3: onboard a new game. They shouldn't have to figure out
• 14:58
  Speaker 3: to build a token, have to build a marketplace. All
• 15:00
  Speaker 3: these things are infrastructure that DeFi provides inherently, whether it's
• 15:03
  Speaker 3: even providing yield for assets that are effectively static. So
• 15:08
  Speaker 3: you know, DeFi will bring in the millions, if not one,
• 15:11
  Speaker 3: hundreds of millions of users into Web three and they
• 15:13
  Speaker 3: don't need to know that they're using a protocol, a
• 15:16
  Speaker 3: defied protocol. They just know they're in a game and
• 15:17
  Speaker 3: they have the ability to swap assets. They have the
• 15:20
  Speaker 3: ability to transfer assets in and out of their wallets.
• 15:23
  Speaker 3: What protocol happens underneath the hood matters not to them.
• 15:26
  Speaker 1: What would be the number one consumer onboarding platform or
• 15:31
  Speaker 1: component that you would see within the Suite network in
• 15:34
  Speaker 1: twenty twenty five, What would be the one that gets
• 15:37
  Speaker 1: the most users in.
• 15:39
  Speaker 3: We believe gaming will be that exactly that. We have
• 15:42
  Speaker 3: a number of games that have tens of millions of
• 15:44
  Speaker 3: users already that will be coming onto Suite. We're yet
• 15:46
  Speaker 3: to announce a massive consumer platform that will be coming
• 15:49
  Speaker 3: into Swee this year.
• 15:49
  Speaker 2: That's going to be huge.
• 15:51
  Speaker 3: But this is the reason why we built deep book too, right,
• 15:53
  Speaker 3: like we know last year and just throw that out there.
• 15:56
  Speaker 1: You can't just throw that. We're You're just going to
• 15:58
  Speaker 1: announce this big thing and I'm going to talk about it.
• 16:01
  Speaker 1: What do you mean by that? A big consumer platform?
• 16:04
  Speaker 2: Do you? What do you mean?
• 16:05
  Speaker 3: So so so, we've always said we was built for
• 16:08
  Speaker 3: billions of users, and what matters is not just saying
• 16:11
  Speaker 3: about showing it this year, we will demonstrate some of
• 16:14
  Speaker 3: the largest platforms in the world, bringing one hundred millions
• 16:17
  Speaker 3: of users directly to the ecosystem. So we can't enforce,
• 16:20
  Speaker 3: unfortunately disclose the particularly insution that it would be announced
• 16:26
  Speaker 3: very very soon.
• 16:27
  Speaker 2: But the most important thing is.
• 16:29
  Speaker 3: I was saying, this is why we build deep book
• 16:30
  Speaker 3: right like three.
• 16:32
  Speaker 1: I love this great teas I'm looking at these air
• 16:38
  Speaker 1: drops for sweet for the Sweet Play air drop features.
• 16:42
  Speaker 1: This has been something that has been worked around the industry. Obviously,
• 16:45
  Speaker 1: we saw the saga now with the Seeker very successful,
• 16:49
  Speaker 1: and we're now seeing this with some new areas. And
• 16:53
  Speaker 1: one of the things that is impressive to me is
• 16:57
  Speaker 1: how you guys have strategized and developed with a car company.
• 16:59
  Speaker 1: I'll talk talk about that in a minute, But what
• 17:01
  Speaker 1: about this we play Is that going to be coming soon?
• 17:04
  Speaker 1: What's the what's the plan here for rollout?
• 17:06
  Speaker 2: Yeah? So Sweet Players a REX one.
• 17:08
  Speaker 3: The device is already finished, it's already built, the operating
• 17:12
  Speaker 3: system has been finalized, including the mobile application that goes
• 17:15
  Speaker 3: with it. But generally that's going to be out the
• 17:17
  Speaker 3: first half of this year. So the sweep Players REX one,
• 17:20
  Speaker 3: once it's delivered to the early early purchases, we'll then
• 17:25
  Speaker 3: go and sell it mass market, and we have a
• 17:27
  Speaker 3: number of stores that are interested in picking it up
• 17:29
  Speaker 3: and selling it mass market to consumers as well, So
• 17:32
  Speaker 3: that's going really really well. The sweeplay device ultimately lets
• 17:35
  Speaker 3: you play any game you want that's on Steam, Epic
• 17:38
  Speaker 3: and other app stores as well.
• 17:40
  Speaker 1: Yeah, I'm excited about it. This is going to be
• 17:42
  Speaker 1: one that we're going to be analyzing here in studio
• 17:45
  Speaker 1: to take a look at it when the hardware comes,
• 17:46
  Speaker 1: for sure. Air drop season coming. When when do you
• 17:50
  Speaker 1: think we're going to start seeing all of this to
• 17:52
  Speaker 1: really become I know it's early in the year in February,
• 17:55
  Speaker 1: but what are your thoughts here for the ecosystem start
• 17:57
  Speaker 1: seeing that.
• 17:59
  Speaker 2: We believe air drops do well.
• 18:01
  Speaker 3: They do best when the protocol is transparent and forthcoming
• 18:04
  Speaker 3: with a community, and I believe they're a great way
• 18:07
  Speaker 3: to bootstrap communities as long as you can, you know,
• 18:10
  Speaker 3: give tokens to the right people. The problem we've seen
• 18:13
  Speaker 3: in the past is there's always been a disconnect or
• 18:16
  Speaker 3: mislignment of incentives with air drops, which is why at
• 18:19
  Speaker 3: Sweet we did not do an air drop for the
• 18:20
  Speaker 3: network because it's very very early, there was no community
• 18:22
  Speaker 3: to incentivize, and we built that community organically over time,
• 18:26
  Speaker 3: and now there's an air community to really build around
• 18:28
  Speaker 3: air drops. So air drop season on Swee, we likely
• 18:30
  Speaker 3: think it's going to be March time.
• 18:32
  Speaker 1: Okay, there you go. We got a date. Fine, we
• 18:35
  Speaker 1: got a date on. This is good. This is what
• 18:38
  Speaker 1: we try to get out of here. Okay, So I
• 18:40
  Speaker 1: got a couple of clips here I want to play
• 18:42
  Speaker 1: for you. I want to go to this lead clip.
• 18:44
  Speaker 1: This is DeLorean and obviously the partnership and what this
• 18:47
  Speaker 1: might mean for the Sweet network take a look.
• 18:50
  Speaker 4: You know, we've seen other car brands. You pay your deposit,
• 18:53
  Speaker 4: you wait five years for your car to come. You know,
• 18:56
  Speaker 4: you're stuck kind of in that. You know, with this
• 18:58
  Speaker 4: we give flexibility. So we announced a new car a
• 19:02
  Speaker 4: year or so ago. We released some build slots, and
• 19:05
  Speaker 4: one of the fascinating things we're doing is putting those
• 19:07
  Speaker 4: build slots on chain, So if you've bought the car,
• 19:11
  Speaker 4: you can start trading it and kind of interacting with
• 19:13
  Speaker 4: it before you even take delivery of it. You can
• 19:17
  Speaker 4: literally trade your DeLorean on chain through our marketplace, which
• 19:22
  Speaker 4: is coming by the end of the year. Sky's the
• 19:25
  Speaker 4: limit of what we can do. You know, we could
• 19:27
  Speaker 4: have the miles you drive on your DeLorean update in
• 19:30
  Speaker 4: real time onto your NFT. You could have people placing
• 19:34
  Speaker 4: bids on your vehicle even if you're not looking to
• 19:37
  Speaker 4: sell it, and then you kind of have that certificate
• 19:41
  Speaker 4: of authenticity as well.
• 19:43
  Speaker 1: Amazing, Listen, I just want to know if you've got
• 19:45
  Speaker 1: an in at DeLorean where I can get one of
• 19:47
  Speaker 1: these that looks like a fantastic vehicle. So great partnership there.
• 19:52
  Speaker 1: Obviously aligning with a lot of Web three functionality, and
• 19:55
  Speaker 1: much like what we've seen in the handset side and
• 19:58
  Speaker 1: now gaming is is a gateway of potential opportunity for
• 20:03
  Speaker 1: blockchain to do air drops and all that good stuff.
• 20:06
  Speaker 1: What does that look like for you guys in terms
• 20:09
  Speaker 1: of long term strategy? Do you see a lot more
• 20:11
  Speaker 1: of this kind of integration? Where are you going?
• 20:13
  Speaker 2: Yep?
• 20:14
  Speaker 3: So fundamentally what's happening, what's actually really happening is the
• 20:18
  Speaker 3: model for engaging with your fans is going to be
• 20:21
  Speaker 3: turned upside down. The model by which you advertise to
• 20:24
  Speaker 3: a group of people is going to be turned upside down.
• 20:26
  Speaker 3: The session cookie is inherently dead, this idea that I'll
• 20:29
  Speaker 3: follow you with a tracker across the Internet and throw
• 20:32
  Speaker 3: random things at you that you may not be interested in.
• 20:34
  Speaker 2: It's just a.
• 20:35
  Speaker 3: Really bad experience. And really crypto offers a new mechanism
• 20:40
  Speaker 3: to engage with community, to build interest, to build excitement,
• 20:44
  Speaker 3: to actually bring value to consumers directly. It's overall going
• 20:48
  Speaker 3: to bring down the total cost of acquiring users. It's
• 20:51
  Speaker 3: going to reduce the cost of the amount of chann
• 20:53
  Speaker 3: It's also going to reduce the cost of retention. It's
• 20:56
  Speaker 3: going to be the best way to actually go to
• 20:58
  Speaker 3: market for your products. So you've seen Delory innovating significantly
• 21:01
  Speaker 3: in that area, and we've got a number of companies
• 21:03
  Speaker 3: doing exactly the same thing. It's just the beginning.
• 21:05
  Speaker 1: Yeah, this is huge to me because you're exactly right.
• 21:08
  Speaker 1: I think you're in an era where we are going
• 21:11
  Speaker 1: to see a magnetic shift in major brands really starting
• 21:15
  Speaker 1: to understand this. Just to prove your point, I want
• 21:17
  Speaker 1: to go to a clip. This is the clip of
• 21:19
  Speaker 1: DeLorean showing how this is going to integrate with the brand.
• 21:22
  Speaker 1: Take a look.
• 21:55
  Speaker 2: Who are you? What's a time caps?
• 22:17
  Speaker 1: I mean you got the dose dog in there. You've
• 22:19
  Speaker 1: got meme joints showcasing. I mean, these guys are Djens.
• 22:23
  Speaker 1: I'm telling you right now.
• 22:25
  Speaker 3: They are brilliant tea. And the way they're launching is
• 22:30
  Speaker 3: if you want to have access to the car, you
• 22:31
  Speaker 3: can buy a time capsule for the opportunity of winning one,
• 22:35
  Speaker 3: and it's using you can go to the app store
• 22:37
  Speaker 3: today to buy one, sorry, to the NFT marketplace like
• 22:40
  Speaker 3: trade and tradeport to buy one today. Additionally, it's it's
• 22:44
  Speaker 3: currently being traded and it's all using on chain randomness
• 22:47
  Speaker 3: to decide who wins. So there's it's a totally fair mechanism.
• 22:50
  Speaker 3: So you can you can unravel the time capsule and
• 22:53
  Speaker 3: see if you want a delorein on all it's it's
• 22:55
  Speaker 3: super exciting. Again, this is how brands are going to
• 22:58
  Speaker 3: build awareness of their products in the future. And you
• 23:01
  Speaker 3: saw that partnership with Bunk as well. It's phenomenal.
• 23:04
  Speaker 1: DMC token coming in here. A little bit on that.
• 23:08
  Speaker 1: Lots of partners that are starting to roadmap is very
• 23:11
  Speaker 1: these guys are on it. This is a This is
• 23:13
  Speaker 1: a perfect example of how brands are starting to make
• 23:17
  Speaker 1: the leap into this next generation of web three, which
• 23:20
  Speaker 1: I love to see examples of this. So congrats on
• 23:23
  Speaker 1: the partnership. If you guys have more like this coming,
• 23:26
  Speaker 1: this is going to be a bright future for Sweet
• 23:30
  Speaker 1: for sure. Let's talk about community and the tech itself,
• 23:33
  Speaker 1: because you mentioned community often in the interview here, and
• 23:37
  Speaker 1: you look at the technology, I would say equally advanced
• 23:41
  Speaker 1: in terms of web three? Which one is more important?
• 23:44
  Speaker 1: Because we are seeing, you know, projects which have i
• 23:47
  Speaker 1: would say questionable tech, but have been able to build
• 23:50
  Speaker 1: just ridiculous communities and they're successful because of that. What
• 23:54
  Speaker 1: would you say?
• 23:56
  Speaker 3: I think they'll both go hand in hand. But the
• 23:58
  Speaker 3: most important thing is you should make sure you have
• 24:01
  Speaker 3: great tech. One thing we did early on with Suee
• 24:04
  Speaker 3: is we had taken a lot of learnings that we
• 24:06
  Speaker 3: had from Facebook on a technology front and just decided
• 24:09
  Speaker 3: to take the risk and build some scratch and really
• 24:11
  Speaker 3: build something without the boundary or shackles that we had
• 24:14
  Speaker 3: of an internal organized a large organization on Facebook, and
• 24:17
  Speaker 3: we index and building the best developer platform possible. And
• 24:21
  Speaker 3: our go to market was go to the big the
• 24:23
  Speaker 3: best developers, win over the best developers to build interesting
• 24:27
  Speaker 3: protocols on Suite rather than just simply trying to pay
• 24:31
  Speaker 3: and buy a community, and that's actually worked out to
• 24:34
  Speaker 3: our advantage. So now Sweet has got a vibrant community.
• 24:36
  Speaker 3: So we have what we believe is the best technology
• 24:39
  Speaker 3: in the space, and we have a thriving and growing community,
• 24:42
  Speaker 3: and that's only going to grow over time. I think
• 24:44
  Speaker 3: it wouldn't have worked if we weren't able to showcase
• 24:46
  Speaker 3: our legitimacy to developers who are very, very adept and
• 24:50
  Speaker 3: astute to figure out like this is all a bunch
• 24:53
  Speaker 3: of lives, or this is all an empire, has no
• 24:54
  Speaker 3: close But as they dig into the code base and
• 24:56
  Speaker 3: they start using it, they realize, oh my god, there's
• 24:58
  Speaker 3: things I could do here that just impossible anywhere else,
• 25:01
  Speaker 3: and they go out and build their own community off
• 25:02
  Speaker 3: the back of that, and that's been really it's how
• 25:04
  Speaker 3: we're skilled.
• 25:05
  Speaker 1: I like that answer because you're right you when you
• 25:07
  Speaker 1: the tech can only or I should say, the community
• 25:09
  Speaker 1: can only take you so far, because eventually the text's
• 25:11
  Speaker 1: got to deliver at some point. So I agree with
• 25:14
  Speaker 1: you on that. I want to I want to quiz
• 25:16
  Speaker 1: you on something here. This is the sweet meme coin.
• 25:19
  Speaker 1: So we have a big Sweet community here that absolutely
• 25:22
  Speaker 1: are loving what's happening in the meme coin ecosystem. Can
• 25:26
  Speaker 1: you recognize any of these meme coins?
• 25:29
  Speaker 3: Yeah, I see low Fi there, I see blow, I
• 25:32
  Speaker 3: see I see a blue shark. I don't recognize the
• 25:36
  Speaker 3: other I don't recognize the others.
• 25:38
  Speaker 2: There's so many.
• 25:40
  Speaker 3: Agents as oh yeah, okay, okay, actually I actually have
• 25:43
  Speaker 3: agents in my wallet. Interesting okay, So.
• 25:50
  Speaker 1: Okay. First of all, a fantastic meme coin community within
• 25:54
  Speaker 1: Sweet for sure. Uh, let's talk about AI because AI
• 25:57
  Speaker 1: is the hot topic right now. AI agents. We're seeing
• 26:00
  Speaker 1: more and more jumping over sweet O fun and AI
• 26:05
  Speaker 1: dof fun. And I look at this and I think, gosh,
• 26:08
  Speaker 1: there's a lot of potential here, a massive amount of potential.
• 26:13
  Speaker 1: But the UX come on, man, what can we do
• 26:16
  Speaker 1: about this? We need to we need to do something here.
• 26:19
  Speaker 3: Yeah, I think, look, what you're finding is there's a
• 26:22
  Speaker 3: lot of experimentation that's still happening. And I find the
• 26:24
  Speaker 3: same thing happens all over in many industries. You've got
• 26:27
  Speaker 3: to do fun things before you could do the serious things.
• 26:29
  Speaker 3: And that's what we see similar with meme coins too. Right,
• 26:32
  Speaker 3: you start with some really fun things and the time
• 26:34
  Speaker 3: things will translate into very interesting and exciting ideas, and
• 26:37
  Speaker 3: I believe that the UX is gone. Right when you
• 26:40
  Speaker 3: think about AI agents, the idea that you pre build
• 26:43
  Speaker 3: some screen that someone's going to click through, that's gone.
• 26:46
  Speaker 3: Your interface is going to be voice or is going
• 26:48
  Speaker 3: to be some other form of interface isn't fixed, you know,
• 26:52
  Speaker 3: so you know people are still going to figure that
• 26:54
  Speaker 3: out slowly, but no one's going to be building your
• 26:57
  Speaker 3: front tend to do something anymore. It's simply going to
• 26:59
  Speaker 3: be talking to an agent. That agent would do it
• 27:00
  Speaker 3: for you.
• 27:01
  Speaker 1: Yeah, I'm glad you said that, because you're exactly right.
• 27:03
  Speaker 1: I think you're going to see completely a different dynamic
• 27:06
  Speaker 1: and how we can interface with computers in the future. Obviously,
• 27:08
  Speaker 1: is it going to happen super soon or is it
• 27:11
  Speaker 1: something that you know, you think about the evolution of
• 27:13
  Speaker 1: just a smartphone that era from two thousand and seven
• 27:16
  Speaker 1: to where we are right now. I know it's going on,
• 27:18
  Speaker 1: you know, twenty five years or so, but still the
• 27:21
  Speaker 1: capacity for growth that shift seems to be starting to
• 27:25
  Speaker 1: weigh in. I think on the tech community. We already
• 27:27
  Speaker 1: see it in the ARVR space, you know, which a
• 27:29
  Speaker 1: lot of potential advancements here, and it's coming quick. All right, So,
• 27:33
  Speaker 1: I know you guys are doing some big announcements at
• 27:35
  Speaker 1: some events. I'm over on your event page. Which one
• 27:38
  Speaker 1: if I if I'm a Sweet dev if I'm you know,
• 27:42
  Speaker 1: an enthusiast, I'm a media company that's out there trying
• 27:44
  Speaker 1: to track what's going on within the Suite network. Which
• 27:47
  Speaker 1: one is going to be the one to be at.
• 27:49
  Speaker 1: I know you guys are going to be at E
• 27:51
  Speaker 1: Summit or eth them for I should say, so you've
• 27:53
  Speaker 1: got the Sweet Summit there. What's going to happen there?
• 27:56
  Speaker 1: Is that just a community meetup?
• 27:59
  Speaker 3: So on the question which is the hottest one to
• 28:01
  Speaker 3: be on that you should not miss?
• 28:03
  Speaker 2: It's base Camp.
• 28:04
  Speaker 3: Base Camp is going to be in May first and
• 28:06
  Speaker 3: May second, and that's going to be in Dubai and
• 28:07
  Speaker 3: the UAE that we're going to be announcing things that
• 28:10
  Speaker 3: I've never been seen before, similar to what we did
• 28:13
  Speaker 3: last year where we unveiled the sweeplas Rex one. They're
• 28:16
  Speaker 3: going to be new technology that you see built on Suite.
• 28:18
  Speaker 3: New partners announced who are doing just purely amazing things,
• 28:22
  Speaker 3: and it's going to be under the mantra again on
• 28:23
  Speaker 3: building in the next billion users into web three. I
• 28:26
  Speaker 3: would say all our events are generally quite good and
• 28:28
  Speaker 3: always packed and always well attended, but you generally have
• 28:30
  Speaker 3: to get your tickets ahead of time because they normally oversubscribed.
• 28:34
  Speaker 3: And it's again a reflection of the the cut law
• 28:39
  Speaker 3: that's been built in this week or system. We're really
• 28:41
  Speaker 3: really proud of what the community has done to really
• 28:43
  Speaker 3: build itself into what it is today.
• 28:45
  Speaker 1: As far as the gaming event that you're doing in
• 28:49
  Speaker 1: San Francisco, you know what's kind of going to be
• 28:51
  Speaker 1: the focus of that trying to onboard game devs or
• 28:53
  Speaker 1: is it more around where the direction of the company
• 28:56
  Speaker 1: is going.
• 28:57
  Speaker 3: You've be able to hold the sweet Plaser X one
• 28:59
  Speaker 3: in your hands at our Game dep conference. Okay, this
• 29:01
  Speaker 3: is gonna be awesome. You made to see some of
• 29:03
  Speaker 3: the software advancements that's been made. You also hear from
• 29:07
  Speaker 3: some of the partners I'll be launching with the games
• 29:10
  Speaker 3: console as well, So there's a lot happening. We have
• 29:13
  Speaker 3: one of the almost slip there. We have a massive
• 29:17
  Speaker 3: game company that'll be joining up.
• 29:19
  Speaker 1: We going to play that back see if we can
• 29:23
  Speaker 1: try to come to a conclusion there of what that is. Well, listen,
• 29:27
  Speaker 1: ad it's been great having you on the show. Thanks
• 29:31
  Speaker 1: so much for being so transparent. That's one of the
• 29:33
  Speaker 1: things we like about the Sweet Network. And you guys
• 29:36
  Speaker 1: kind of tell everybody with extension of not releasing any
• 29:39
  Speaker 1: of the good stuff yet. But I understand that, but
• 29:41
  Speaker 1: appreciate you guys coming in today for sure.
• 29:44
  Speaker 2: It's a pleasure. Thank you so much.
• 29:46
  Speaker 1: You bet all right, you guys. If you're not in
• 29:48
  Speaker 1: our Diamond Circle, well now's your chance, because we've opened
• 29:52
  Speaker 1: up our Telegram group where you guys can communicate with
• 29:54
  Speaker 1: me directly, and that's a brand new thing here on PBN.
• 29:57
  Speaker 1: It is growing like crazy. So jump over to the
• 29:59
  Speaker 1: Diamond Circle and click that little Telegram button down below.
• 30:02
  Speaker 1: You'll be able to get to that as well. You
• 30:04
  Speaker 1: can find it on our website, so all of the
• 30:05
  Speaker 1: places where you go to PBN. Of course, follow me
• 30:08
  Speaker 1: out there on X at Paul Baron. We'll catch you
• 30:10
  Speaker 1: next time right here on Techpath