Latest / Success Story with Scott Clary / Lessons - Is Crypto’s Current Growth Sustainable? | Miko Matsumura - General Partner with Gumi Ventures

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Lessons - Is Crypto’s Current Growth Sustainable? | Miko Matsumura - General Partner with Gumi Ventures · Success Story with Scott Clary

• 0:00
  Where do you think the market is is standing in terms of investment opportunity?
• 0:04
  Of course not not not not a recommendation just you know for entertainment purposes
• 0:10
  I'm curious as to your opinion if this growth of the market is sustainable or if there has to be again like
• 0:17
  mass adoption milestones that have to hit so the whole market can continue to sort of grow at this trajectory
• 0:24
  I've become a little bit leery of kind of mass adoption
• 0:29
  Mass adoption is a little bit like democracy like it's it's pretty nice kind of in theory
• 0:35
  But without education it can have it has a dark side to it right which is you know
• 0:42
  I think our last attempt at mass adoption featured like a bunch of you know doge coins and yeah, I know
• 0:50
  That's not the mass adoption we need
• 0:52
  No, it's not that that's not what we need right what we need is you know
• 0:56
  We certainly need all those people to come back right, but we need them to come back smarter
• 1:02
  Right like like we need them to have learned a lesson right and it's it's a bit like you know a training
• 1:09
  I mean, you know, it's it's a little insulting to talk about
• 1:13
  People in the context of a dog, but you know hopefully you know they got swatted and it's an analogy
• 1:19
  Yeah, yeah
• 1:20
  And you know hopefully they're gonna come back a little smarter, you know, and and some of them won't come back at all
• 1:25
  Right so the lesson that a lot of people may have learned is all up, you know, cryptos are bad, right?
• 1:31
  And I may have learned that lesson, you know, but yeah, you know, I think everyone will eventually come back
• 1:36
  You know because it's my theory that
• 1:39
  All of these systems like all they do is they constantly
• 1:44
  Experience developer improvement and they just evolve and the one that
• 1:49
  Serves the most people the best is is going to you know, just become bigger and bigger and bigger and harder and harder to kind of
• 1:58
  You know, it will become unstoppable. So like
• 2:01
  You know, I think that in a way like one segment that I think is fascinating is this gaming segment called play to earn
• 2:09
  So it's going if you go into
• 2:13
  YouTube and you type play to earn
• 2:15
  Documentary
• 2:17
  You're actually going to learn something really fascinating, which is that there's a there's a
• 2:22
  blockchain game
• 2:24
  Called axi infinity right and
• 2:27
  In this most recent month the game actually generated eight and a half
• 2:33
  Million dollars of profit right and and this is really interesting when you start to think about it because
• 2:41
  That's an IPO level of right. That's like a hundred million dollar annual revenue rate right
• 2:47
  So it's it's if it were a company
• 2:49
  And not a decentralized network, you know, it would it would be able to IPO
• 2:54
  and effectively what's happening is that people in
• 2:58
  Places like the Philippines and Indonesia are playing this game axi and they're basically playing to earn
• 3:05
  Like a living right and and so that's one of the things that's incredible about
• 3:10
  This phenomenon is is that people went during COVID from driving a taxi
• 3:16
  To driving these little video things called axes, you know
• 3:20
  And and they're and they're actually making more money doing that than they were doing things on on
• 3:25
  You know, so when you when you want to talk about things like massive option
• 3:29
  And you want to talk about you know infrastructure
• 3:31
  You know and rules and consent right the thing that I think is fascinating is that this is a system
• 3:38
  That is definitely serving the people who are using it
• 3:42
  You know, and so that's that's an astonishing kind of
• 3:46
  Growth and you know, we my fund invested in like a gamer guild
• 3:53
  And this guild is their entire goal is to collect players of this game
• 3:59
  And effectively rent them the game pieces
• 4:03
  So that they can play the game and earn money. So it's it's it's really this absolutely wild and incredible frontier
• 4:11
  But if you if you understand the size of what we're talking about economically it's not only is it already
• 4:20
  Massive but you know, it's it's probably going to become tenix bigger
• 4:26
  So, you know, it's it's truly uh, you know, so that that's an impressive corner of the world
• 4:32
  You know, I guess what I wanted to say is I wanted to say that this is such a strange place to look
• 4:39
  For mass adoption
• 4:41
  But to me you have to look in the application arena right which is you have to look at people using it because they want to
• 4:48
  Right and the thing that's really interesting is is it turns out that these players are willing to jump through the complicated hoops
• 4:55
  Of custody and self-custody of blockchain assets and the reason they they're willing to jump through those hoops is
• 5:01
  Is that's how they put groceries on the table for their families, right? So, you know, it's like should I learn how to do this blockchain stuff
• 5:09
  It's existential like it's basically like oh COVID hit my family. We don't have any jobs like what do we do
• 5:17
  You know, so now they now they join this metaverse economy and they're playing this game and you know, it's it's really like a rocket ship
• 5:24
  So that that thing is very powerful