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Soneium🔥The Sony Blockchain🕹️🚀 · The Paul Barron Crypto Show

• 0:08
  Speaker 1: Sony is on the move, and of course this does
• 0:10
  Speaker 1: put Asia in a very good position for crypto, especially
• 0:13
  Speaker 1: with the SEC coming down on open s. We'll be
• 0:16
  Speaker 1: breaking all of this down for you guys today. Don't
• 0:18
  Speaker 1: miss it. My name is Paul Barreon. Welcome back in
• 0:20
  Speaker 1: the tech path. All right. I do want to think
• 0:22
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• 1:15
  Speaker 1: let's move on to the stories today, because there are
• 1:17
  Speaker 1: some significant moves right now happening. And when you look
• 1:22
  Speaker 1: at the global stage of crypto, you have to look
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  Speaker 1: at two major markets that I believe are really on
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  Speaker 1: a fast, fast pace for innovation. First market has been
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  Speaker 1: the EU. There's a bit of a difference with the EU.
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  Speaker 1: They've done it through a regulatory model, which is MIKA,
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  Speaker 1: and they've put it in place to where companies in
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  Speaker 1: the United States or companies in the EU can operate
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  Speaker 1: under a regulatory framework with guidance all the things you
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  Speaker 1: know that normal businesses do. Then you have the Asian markets,
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  Speaker 1: and look what is happening right there in Japan. The
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  Speaker 1: Prime Minister now is going to be keynoting the WebEx
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  Speaker 1: This will be as Economic Minister as well as Sony
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  Speaker 1: is launching an ether L two. And if you look
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  Speaker 1: at this versus the US federal government, the sec and
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  Speaker 1: their war on innovation, art and capital. Will you. Basically,
• 2:12
  Speaker 1: all you have to do is point at the SEC's
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  Speaker 1: most recent wells notice over to open C. And the
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  Speaker 1: reason that is important is because open C of course
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  Speaker 1: is thousands and thousands of creators, designers, game companies, brands,
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  Speaker 1: you name it, all of that. Now, going head to
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  Speaker 1: head with what appears to be happening with Sony and
• 2:35
  Speaker 1: the Asian markets, now, I want to just give you
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  Speaker 1: some stats here in game NFTs now are the most
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  Speaker 1: popular category in NFTs over there on open C if
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  Speaker 1: you think about it. So in twenty twenty two, this
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  Speaker 1: is twenty two, the global market for in game NFTs
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  Speaker 1: was valued around three six three point six billion and
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  Speaker 1: is expected to reach fifteen billion by twenty twenty seven.
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  Speaker 1: I think that is a low value, and I think
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  Speaker 1: we can see double that, especially as we start to
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  Speaker 1: see a lot of movement in some of these markets
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  Speaker 1: like the EU and also like Asia, especially leading with
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  Speaker 1: what's happening with Sony now, Speakers of WebEx twenty twenty four,
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  Speaker 1: this is like the rock Star the Avengers of the
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  Speaker 1: Asian markets. You've got the Japanese Prime Minister, the Ministry
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  Speaker 1: of economy and trade, and all of these are really
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  Speaker 1: aligned with what's going on in the blockchain sector. If
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  Speaker 1: you look further down, this was as important. I want
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  Speaker 1: to just highlight this one right here. This is the
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  Speaker 1: SBI Holdings director and Chairman, president and CEO. Right next
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  Speaker 1: to him, Richard Tank. You all know who that is.
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  Speaker 1: That's the CEO of finance, and of course Yatsu who
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  Speaker 1: is the CEO of Animoca Brands. Now you take that. Oh,
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  Speaker 1: by the way, there's Hashkei who has now approved Avalanche
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  Speaker 1: as an ETF So check out what's going on over there.
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  Speaker 1: I want to go into a couple of points here
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  Speaker 1: with Sonium and Sonium is important because you got to
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  Speaker 1: understand what's going on here. Sonium and Sony partner to
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  Speaker 1: bring the blockchain mainstream. Now there's a few points here
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  Speaker 1: that I want to roll up into it. Vision is
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  Speaker 1: very central to Sonium. A new ethereum roll up being
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  Speaker 1: developed by Sony Blockchain Solutional Labs in partnership with Wantanabe's company,
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  Speaker 1: which is Sonium. The industry lacks real distribution channel. The
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  Speaker 1: CEO is talking about this, We're building a blockchain that's
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  Speaker 1: accessible for the general general public who will use it
• 4:23
  Speaker 1: over the next decade, meaning they're looking at infrastructure really
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  Speaker 1: to create kind of this next generation of the Internet.
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  Speaker 1: I talk about it all the time and Sonium also
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  Speaker 1: with Sonium and Astar Network, this will shift into an
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  Speaker 1: Optimistic roll up. You guys know what the op stack is, Optimism.
• 4:39
  Speaker 1: Follow that project very closely. It's going to be a
• 4:41
  Speaker 1: big deal as it marks significant changes from its previous
• 4:45
  Speaker 1: reliance on Polygon. So there's a lot moving here in
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  Speaker 1: a lot of working parts, but I anticipate we'll see
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  Speaker 1: a lot of support for this. So Sonium will also
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  Speaker 1: become part of the Superchain, which is an initiative to
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  Speaker 1: unify the op stack rollups, including so even more integration
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  Speaker 1: into where a lot of this technology is going. And
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  Speaker 1: if you look at this tweet right here, just to
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  Speaker 1: give you an example of why this is a big deal.
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  Speaker 1: If you look at Sony right now world leader in
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  Speaker 1: gaming PlayStation around one hundred and sixteen million monthly active users.
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  Speaker 1: And this is probably low right now because we're only
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  Speaker 1: talking about gaming, and what they could be going into
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  Speaker 1: is a whole plethora of industries, companies, businesses and sectors
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  Speaker 1: that could absolutely explode. What's going on within blockchain Sonium.
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  Speaker 1: This was the Monado test net, which is now live.
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  Speaker 1: So the idea behind this is it's going to be
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  Speaker 1: an incubator, which really is just going to be looking
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  Speaker 1: at trying to get more builders. Think of this like
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  Speaker 1: Y combinator. Y combinator as an incubator for startup brands
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  Speaker 1: and it's a way to foster new growth in new sector.
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  Speaker 1: So essentially you can kind of guide it, vcs can
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  Speaker 1: jump in on it. You start to get the picture here.
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  Speaker 1: That's how Silicon Valley was created is through these incubators,
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  Speaker 1: and I think this is what Sony is trying to do.
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  Speaker 1: Further into this, I want to go to this article
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  Speaker 1: Sony of course debuting the Sonium Monato test net. This
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  Speaker 1: is the incubator, and I want to focus in on
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  Speaker 1: a couple of points right here. This is a layer two.
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  Speaker 1: It's all Singapore based Stark tailed Labs. And then if
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  Speaker 1: you look at what they're doing Sonium, Spark will offer
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  Speaker 1: developers of package benefits that includes an investment of one
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  Speaker 1: hundred grand and other funding opportunities. Also receive official support
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  Speaker 1: from the Sony group. Imagine if Microsoft did that, or
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  Speaker 1: if Google did that, if Meta did that. They're the
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  Speaker 1: level of Sony, and they went out into the market
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  Speaker 1: on an L two like Ethereum, like optimism on base
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  Speaker 1: and said, we want builders from all over to recreate
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  Speaker 1: everything in gaming, finance, retail, restaurants, technology, and we're going
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  Speaker 1: to give you one hundred grand for every one of
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  Speaker 1: you that do that. Can you imagine the innovation that
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  Speaker 1: would come out of that for these startups because we
• 7:02
  Speaker 1: are going to see a new renaissance I think around
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  Speaker 1: what most likely could be the next era of the Internet.
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  Speaker 1: With all that being said, Sony's blockchain also is now
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  Speaker 1: partnering with Transac and this is for global, FIAT and
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  Speaker 1: on ramp services. So with an on ramp it changes
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  Speaker 1: the game very quickly. A couple of points they made
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  Speaker 1: in the article. Integration of Sonium and Transact is expect
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  Speaker 1: to impact the gaming industry, especially as a broader adoption
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  Speaker 1: of blockchain tech in the gaming community comes, which means
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  Speaker 1: Sony already sees this. The writing's on the wall. This
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  Speaker 1: is a PlayStation play that will happen. And if if
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  Speaker 1: that means it's happening with PlayStation and Sony, who's next, Well,
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  Speaker 1: it has to be Microsoft and Xbox, you have to
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  Speaker 1: look at Nintendo, You've got to look at all these
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  Speaker 1: other companies that eventually will start to follow suit further
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  Speaker 1: into this, they focus on driving digital transformation. Transit co
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  Speaker 1: founder and their CEO said that this is really going
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  Speaker 1: to change things around how people start to engage from
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  Speaker 1: a value standpoint, and this is how onboarding is all done.
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  Speaker 1: And of course remember here in the United States, what
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  Speaker 1: are we doing that. Well, it's called Operation Choke point
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  Speaker 1: two point zero, which essentially is led by the Senate
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  Speaker 1: Banking Committee lead and that is Senator Warren. All of
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  Speaker 1: course is fined to essentially constrain the potential of use
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  Speaker 1: and innovation. Where what's happening in Asia, it's the exact opposite.
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  Speaker 1: Other notes in here transacts dedicated solution for multiple industries
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  Speaker 1: will emplower developers they are going to build. They're also
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  Speaker 1: looking at three hundred and fifty applications to bost over
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  Speaker 1: five point seven million users. Just in July, it also
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  Speaker 1: partnered up with UNISWAP, a US company, to facilitate the
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  Speaker 1: facilitate Fiata unramp services for the Unipop wallet. So you
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  Speaker 1: look at all that you got these kind of projects involved,
• 8:52
  Speaker 1: Circle optimism, alchemy, the graph chain, link Astar, all of
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  Speaker 1: which we've talked about here on the show before, and
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  Speaker 1: I think this is a pivotal time in the development
• 9:03
  Speaker 1: of blockchain technology that it starts to really kind of
• 9:07
  Speaker 1: go out into the crypto markets. And one of the
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  Speaker 1: things that we are not doing here in the United
• 9:12
  Speaker 1: States is keeping up with the Joneses. If you look
• 9:14
  Speaker 1: at what Ryan Adams was talking about, he hits it
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  Speaker 1: kind of on the head here, you know, with this
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  Speaker 1: most recent Wells notice open c is now the sixth
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  Speaker 1: American born crypto success story that's under attack by the
• 9:27
  Speaker 1: SEC this year. So now they are attacking which is
• 9:31
  Speaker 1: I guess would be considered the fang of the American
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  Speaker 1: crypto market. Metal Mask, open see coinbased, crack, and UNISWAP,
• 9:36
  Speaker 1: robinhood all have been exceededly targeted by the SEC. Can
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  Speaker 1: you imagine any other industry that you go after the
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  Speaker 1: best of the best in your industry to essentially control
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  Speaker 1: it so that what the rest of the world can
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  Speaker 1: build around us and reinnovate and continue to just outpace us.
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  Speaker 1: Because that's exactly what has happened. So that pacing in
• 10:01
  Speaker 1: with a lot of other things because you need a
• 10:02
  Speaker 1: couple of things to make all this work. Remember, we've
• 10:05
  Speaker 1: got to have innovation. You've got to have a big
• 10:07
  Speaker 1: players who get behind it. You need a government and
• 10:10
  Speaker 1: a regulatory body to get behind it. Then you need
• 10:13
  Speaker 1: adoption cycles and on ramps. What else do you need? Well,
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  Speaker 1: you need big money. So where's that going to come from.
• 10:19
  Speaker 1: Oasis now partner with financial giant to boost web three
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  Speaker 1: gaming in Japan. And guess who that is? SBI. Remember
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  Speaker 1: when I talked about the key SBI director and CEO
• 10:28
  Speaker 1: and chair, it was at WebEx. This is the example
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  Speaker 1: of it. So SBI Holdings, one of Japan's largest financial conglomerates,
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  Speaker 1: has partnered with Oasis sup blockchain platform designed specifically for
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  Speaker 1: Web three gaming. This is unbelievable. So if you just
• 10:44
  Speaker 1: think about what the potential is here in a big way,
• 10:47
  Speaker 1: I think this starts to set things up in I
• 10:50
  Speaker 1: think a scenario where right now Asia could really take
• 10:54
  Speaker 1: a pole position, maybe even over the EU. Here's SBI
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  Speaker 1: Holdings right now from twenty two, twenty fifteen to twenty
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  Speaker 1: twenty four, almost twenty seven billion or choose me trillion
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  Speaker 1: under assets under management, so very significant. I think this
• 11:10
  Speaker 1: is the key right here. Guys, if you are at
• 11:13
  Speaker 1: all thinking that you're a startup, maybe you're just investing
• 11:16
  Speaker 1: in crypto your business owner, then you want to start
• 11:19
  Speaker 1: to do something that has a blockchain integration, and it's
• 11:22
  Speaker 1: pretty much going to affect everybody. Now is the time
• 11:25
  Speaker 1: that you can change the stars. And the way you
• 11:27
  Speaker 1: do that is get out there and vote. That's the
• 11:30
  Speaker 1: only way this works. Put the right kind of senators
• 11:33
  Speaker 1: in place, so make sure going with senators that are
• 11:36
  Speaker 1: pro crypto, and of course getting on the right side
• 11:39
  Speaker 1: of the ticket I think as we go into the
• 11:41
  Speaker 1: White House. So all of that I think is out there.
• 11:43
  Speaker 1: You guys understand that. And of course, if you're not
• 11:46
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• 11:48
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• 11:51
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• 11:54
  Speaker 1: Right here on tech Path, I