Latest / The Paul Barron Crypto Show / Sony Crypto Exchange Launching on $ASTR!🚀Japan's Ambitious Strategy vs U.S.🔥

Transcript

Sony Crypto Exchange Launching on $ASTR!🚀Japan's Ambitious Strategy vs U.S.🔥 · The Paul Barron Crypto Show

• 0:07
  Big names coming into crypto. Today we'll be breaking down how Sony is starting
• 0:11
  to make some moves into Web three and all things crypto. My name is
• 0:15
  Small Baron. Welcome back in a tech path. Let's get into it today.
• 0:18
  I do want to thank our sponsor, and that is Wilder World,
• 0:21
  a new dimension in reality. You guys need to go over to Wilderworld dot
• 0:24
  com check it out, because this is one of those games, especially if
• 0:28
  you think Web three and where it's going. Wilder World is one of those
• 0:32
  multi player metaverse games that leverages kind of the latest advancements in photorealism. You'll
• 0:38
  get a chance to see what they're doing with Wyami and in reality, I
• 0:42
  think gaming is will be one of those one of those categories that continues to
• 0:46
  surprise everybody. And I think what you'll see today as we start to break
• 0:49
  down today's episode will kind of go along with us, so make sure and
• 0:53
  check it out. We'll leave a link down below. All right, let's
• 0:55
  go over to a couple of points here. The first one I want to
• 0:58
  hit on is Sony getting ready to launch a crypto exchange in Japan with their
• 1:03
  new acquired Amber platform. This, of course we'll get into things that we've
• 1:07
  talked a little bit about in the past, and I'll explain that. But
• 1:11
  whale Finn has been renamed to a STA blocks and this will be the new
• 1:15
  platform for a crypto exchange. We've been anticipating this for quite some time.
• 1:21
  We've had several videos on this. I'll show some of that. But this
• 1:23
  is one of the things here, of course, is whale Finn has a
• 1:26
  lot of similarities to what Robinhood has with exception of one thing, and that
• 1:32
  is NFTs, so that'll be a big factor. Oh and another thing and
• 1:37
  that is being able to take out loans. So the fact that we're seeing
• 1:41
  so much advancement, and of course by Sony being a part of this,
• 1:44
  pretty huge step in the right direction I think for platforms like this. So
• 1:49
  Whalefin assumed to become a major exchange with Sony support. A couple other things
• 1:53
  I want to show here. Of course, Walfinn enjoys zero percent gas fees
• 1:57
  right now, zero percent loyalty free fees, and of course this is coming
• 2:02
  in from both looks Rare and also open sea integration, so you can kind
• 2:07
  of see there's an opportunity here, especially in Japan to be really kind of
• 2:10
  set a tone for not only what's happening in Asia, in the Pacific RIM,
• 2:15
  but also potentially here in the United States. And if you look back
• 2:19
  on our shows in the past, this is a video that we did gosh
• 2:23
  all almost two years ago, and it showed where some of the acquisition moves
• 2:28
  were taking place, most of which you've already seen. Take two, Zinga,
• 2:32
  Yes, Activision, Blizzard, Microsoft, and the course, Sony and
• 2:37
  Bungee. All of these are in the process, if not already on their
• 2:40
  way into Web three in a very big way. So pretty cool that that
• 2:45
  has been working for the last year and a half to two years and now
• 2:47
  we're starting to see some of the results. Other things we showed Metaverse,
• 2:52
  power players. These were just some of the sentiment scenarios Activisions, Sony,
• 2:57
  and even Nintendo potentially playing out within this in the future. I think this
• 3:00
  is a factor that we're going to look at maybe in a year or two
• 3:05
  from now and see this was really kind of the breakout zone of some of
• 3:09
  the biggest companies and also some of the biggest entities around traditional Web two that
• 3:15
  are starting to make their way into Web three. Another factor we did a
• 3:20
  video a couple of months ago that showed a lot more integrations into the potential
• 3:25
  for Sony's bank. This is where it starts to tie everything together. And
• 3:30
  I want to go to a clip real quick that gets into a little bit
• 3:34
  more around a project called Astor that was in this partnership. Take a look.
• 3:40
  The interesting things is the Japanese government made a ways as a national strategy.
• 3:45
  We already disclosed the information to make up rock Chane together with Sony,
• 3:50
  which includes a nother management service and the indexa service and the work the management
• 3:54
  and we are focusing on entertainment right now, and we created a joint a
• 3:59
  bench the stuff Sony. We combine Sony and a lab company gaming music picture.
• 4:10
  They have a bank, they have a car, they have an insurance
• 4:14
  and a lot in a good over skate. This can be all of the
• 4:16
  biggest projects. Uh. And I'm trying to make it happen within coming months.
• 4:23
  All right. So that was Sota Watanabe and he is on Twitter here
• 4:28
  and it shows here's a Japanese article. You may know head of Web three
• 4:30
  who is going to lead the exchange. The one we're talking about at Sony
• 4:35
  is our external director of the company. We've made a plan of the chain
• 4:39
  layer one year and a half ago, and of course now they've started to
• 4:43
  enter the execution phase. This is going to be pretty big because I think
• 4:46
  it will set the tone for a lot of companies. Also, I think
• 4:48
  this will give a wake up call to Microsoft. I think we'll see a
• 4:54
  wake up call already with Meta, and I'll explain a little bit more about
• 4:57
  that because this this I think starts to bring some of the biggest tech companies
• 5:00
  forward into the crypto space. Okay, this is coming in from a little
• 5:04
  bit of their internal documents, but you can kind of see we're going to
• 5:08
  see a bit more toward Token forty nine. This will be a pretty big
• 5:13
  event that I think we'll start to see some of this revealed, So a
• 5:16
  lot happening later this fall, and of course as you go further, this
• 5:20
  is a bigger issue. Kind of zoom in on that for you guys right
• 5:24
  there. This is the Japanese Prime Minister Fumyo Kashita will give a speech at
• 5:30
  this year's WebEx conference in Tokyo and they're going to be talking basically about Web
• 5:33
  three in Japan. This of course gets into the culture of what we've seen
• 5:39
  from the Japanese population. But also it starts to play into where Web three
• 5:44
  is going and how governments and entities like this are supporting it. So again
• 5:48
  not necessarily something that we've seen outside of the EU, but here in the
• 5:53
  US hopefully we'll start to see some of that kind of starting to match pace
• 5:57
  with what we're seeing in Asia and the EU. All right, So if
• 6:00
  you take a look at this right here, Sony Bank tied to and you'll
• 6:03
  notice a big icon, aren't they're Securitized. Now remember Securitize, We've had
• 6:08
  them on our show before, and this is Biddle tied to Blackrock. Now
• 6:14
  remember that there's a couple of things within this that are very critical. I
• 6:17
  think the key here obviously Sony being an entertainment company, they're connecting their app
• 6:21
  for NFTs other Web three entertainment rewards all this length to their financial services.
• 6:28
  This is where it starts to integrate in a much bigger way. And the
• 6:31
  fact now that we've got an exchange coming in could be a pretty big significant
• 6:35
  move for Sony. If you look further down in the article, they of
• 6:39
  course are launching this in July with Securitized so everything moving in the right direction.
• 6:45
  Here for Sony now here is Sony Bank connect. Now I had to
• 6:48
  translate this, but this just shows you the integration that they're doing with some
• 6:54
  of their premium IP and I think this is just the beginning, so we'll
• 6:58
  probably see quite a bit of new is coming about in the next few months
• 7:01
  with this. Let me go to a quill clip Real quid because this gets
• 7:04
  into what blockchain is going to be involved in all of this. It goes
• 7:09
  a little bit more in detail. Take a look. So we started from
• 7:12
  a poor cattot ecosystem and expanding to other networks and we are connecting each other.
• 7:18
  ASTA ziki we Am has been deployed I think two or three weeks ago,
• 7:23
  so the networking effect is pretty much limited. In terms of the other
• 7:27
  life use case. ASTA has been fighting with Poigon in Japan. According to
• 7:32
  the poll by Japangaroxian Association, forty four percent of the Japanese debrophos ASTA,
• 7:36
  twenty five percent shows Portygon. So we combined then in total seventy percent.
• 7:44
  So mainly what they're saying there is that Astar is becoming the select chain in
• 7:49
  Japan. As we start to see a lot of different potential projects line up
• 7:54
  on this, So pretty pretty big deal because Polygon, of course well known,
• 7:58
  but for not to be able to take the position there that that kind
• 8:01
  of says something, all right. Another thing, Sony of course signs a
• 8:05
  patent for super fungible token. This of course will tie into Web three gaming
• 8:09
  and what we'll see going forward. So they're already in play there. If
• 8:11
  you take a look at some of the gaming that we'll see here, just
• 8:16
  to give an example of the tied end that they did with the mini puffs
• 8:20
  et cetera, all tied to Ghostbusters. If you look further down into this,
• 8:24
  this was something that was kind of interesting. This was presented by Big
• 8:28
  Head Club and friends. Now you guys remember big Head Club right, if
• 8:31
  you scan down further there what bam Stoner Cats tied into this. So now
• 8:37
  we've got Sony big Head Club connected and we've already seen this before. Lots
• 8:43
  of changes about to happen, I think in a pretty big way. So
• 8:48
  pretty cool here On other news, Mediquest of course, could be the US's
• 8:52
  claim to major transition, especially from Web two to Web three. Here's a
• 8:58
  good example Medquest versus the trajectory of the iPhone. I was surprised at this
• 9:03
  when I first saw it, but in the early going you can kind of
• 9:05
  see here the kind of track that they're looking at in comparison, I mean
• 9:11
  even Instagram versus what we've seen with Metquest, and remember Medaquest has a lot
• 9:16
  of new innovation coming out this year. The fact that we didn't see a
• 9:20
  resounding success with the Applevision Pro I think still puts Meta and the Mediquest devices
• 9:26
  in pole position. The key here is going to be the device itself.
• 9:31
  How does it change up and can it get mass adoption to continue at the
• 9:35
  pace because there's a big jump curve here for the iPhone in that first six
• 9:39
  years to get seventy eight million in total sales. You look at what Sony
• 9:43
  has been able to do or trying to do. They stumbled a bit on
• 9:48
  this one, and this was their first attempt. So it's very possible that
• 9:52
  Meta could take the pole position here, tying in Web two, Web three
• 9:56
  NFTs, at least for the United States. In terms of a technolog logical
• 10:00
  battle that seems to be taking place. Another one that you have to kind
• 10:03
  of consider right here, Sony's ultimate team right now with playing the new Frozen
• 10:09
  Empire game on Ghostbusters. This is all tied into aus what meta. So
• 10:13
  here's an opportunity if we look at where arvr XR is going to be going
• 10:20
  and the potential for NFTs in game assets, all that kind of stuff.
• 10:24
  This is truly a Web two to Web three hyper leap, and I think
• 10:28
  the key here the one company that probably could lead the way. I want
• 10:31
  to go to a clip real quick that goes into a little bit more from
• 10:35
  Zuckerberg talking a little bit about the roadmap. Take a look. I think
• 10:39
  they're basically going to be three different products. There's gonna be kind of the
• 10:43
  displayless glasses that just do AI and can capture content. Then I think that
• 10:46
  there's gonna be another step up where it may not be it's not gonna be
• 10:50
  full holographic display in the prototype version that we have that I'm really excited that
• 10:56
  we're getting closer to showing. It's not like the most stylish thing, but
• 11:01
  it's good like I mean, it's it's unmistakably glasses, right, it's not
• 11:05
  a headset. And then I think there's gonna be the most premium version,
• 11:07
  which is kind of the full field of view. We're almost ready to start
• 11:11
  showing the prototype version of the full holographic glasses. We're focused on building the
• 11:15
  full consumer version of it rather than selling the prototype. But we're gonna start
• 11:18
  demonstrating the prototype to people, and that's wild. I mean, every person
• 11:22
  I've shown it to so far is just like the reaction. It's it's a
• 11:28
  giddy it's yeah, I'm really looking forward to showing that to more people.
• 11:37
  So that's cool. Wow. So normally when it comes to technology, zucker
• 11:43
  work's pretty you know, fluid and being able to explain something. He kind
• 11:46
  of got caught off guard there in the sense that he must really be impressed
• 11:50
  with what they've been able to come up with. Now, remember he here,
• 11:54
  I think is the transition period for adoption because some of the key things
• 11:58
  that could happen here from web to to web three n FT integration. The
• 12:01
  key is going to be how quickly can we see real adoption going forward.
• 12:07
  Yatsu of Anamoka Brands talks about how things might come out in the financial space.
• 12:11
  Take a look, will there be another crypto ETF after a theory I
• 12:18
  think so interesting and the reason why I think that's the case is said because
• 12:20
  Hong Kong has already essentially opened up towards multiple tokens. An example, for
• 12:26
  instance, see if Benchmarks has actually last year issued a game fight index of
• 12:31
  twenty game fight tokens, and that to me is again an indication of the
• 12:35
  next step on that would basically be to look and turn that into potentially into
• 12:39
  an ETF maybe of a basket of game fight tokens. But also, you
• 12:41
  know it's not just Hong Kong, right, I mean, Japan is looking
• 12:45
  at it right now. A lot of people are hoping for the Salana ETF,
• 12:50
  so we'll see, I mean hoping for all sorts of ETFs. Yeah,
• 12:54
  but certainly I can, I can, I can see why. You
• 12:56
  know, the Slanta community would be very keen on that, right, definitely.
• 13:00
  Obviously we know Solana ETFs have been filed already by Vanak and others.
• 13:03
  Yahsu is right though. One of the key things here to move on market
• 13:07
  forward is getting these bundles, getting people aware of products like this. But
• 13:11
  the other thing is being able to get that adoption curve into mainstream, and
• 13:16
  he goes on to explain a little bit more about that in this clip.
• 13:20
  Take a look so this year, the combination of all the new games that
• 13:22
  are coming out. You know, we ourselves invested in over one hundred fifty
• 13:24
  games that are all launching, and then our own molcho us platform as well,
• 13:28
  together with platforms that we see like with Telegram and the ton ecosystem,
• 13:33
  I think will really I think on board potentially. You know, we've been
• 13:37
  saying this a lot, but I think we'll get to one hundred million native
• 13:39
  Web three users and growing possibly even by this year. Wow, that's a
• 13:45
  I mean, that's a great prediction. One hundred million native Web three users.
• 13:50
  That is a significant lift and it could be just the beginning of one
• 13:54
  of these big sharp curves that we see over the next couple of years.
• 13:58
  Now, with all that being said, all this is great news, very
• 14:01
  good news I think for the Pacific Rim, Japan and as you know,
• 14:05
  as y'ah su was even saying, just what we'll see in Hong Kong.
• 14:09
  Let's move back here to the States, and I want you to listen to
• 14:11
  a clip here, and this is a clip coming back from the Wyoming government
• 14:16
  around how they're moving forward. Take a look with these more complex filings,
• 14:22
  how long will it take theoretically, I mean the ones that you are getting
• 14:24
  on average, how long does it take. It's not the filing itself,
• 14:28
  it's all the ancillary preparation and tail end work that it takes to process this
• 14:33
  filing manually. All of that time takes away from other manual interventions that are
• 14:39
  office desks. Appreciate that. So as Secretary go ahead. It's been very
• 14:43
  difficult, candidly with appropriations. I mean there are agencies that have had ten
• 14:46
  to fifteen position increases when ours has had none. And we're one of the
• 14:52
  few revenue centers for the states, so it's perplexing. And what the stable
• 14:56
  Token is building is orders of magnitude less complicated than what this appears to be.
• 15:03
  That two million dollars as designed here seems to be optimistic, and I
• 15:11
  do think this bill is premature funding and other issues. I would suggest that
• 15:16
  we begin, first of all, by narrowing the scope of this bill,
• 15:18
  by turning it into a feasibility study of whether this can be done at all.
• 15:24
  Thank you, miss Chermany Secretary of States made that clear. But I'm
• 15:28
  hearing everything that's being said, I'm processing it. I'm still really struggling.
• 15:35
  So as you can see the bureaucratic nature of the United States and how we
• 15:41
  kind of construct our world business is starting to show up. And I think
• 15:46
  we're starting to see this in politics. We're starting to see this in the
• 15:48
  alignment of how bureaucrats kind of control some of this technology going forward. Fact
• 15:54
  that that Wyoming, which was really one of the first states to even show
• 15:58
  an inkling of in a starting to struggle just with being able to fund these
• 16:03
  kind of of components and these kind of initiatives. That's a huge step in
• 16:07
  the wrong direction. And when you look at what's happening in Japan, within
• 16:11
  Hong Kong, a lot of what's going on now with MEKA in Europe,
• 16:17
  it just makes us look like we're setting on our hands. I'm hoping that
• 16:19
  other states are really understanding we are literally at the threshold of a major technological
• 16:26
  shift going forward. So it's a big one right here, good point.
• 16:30
  Right here's Jeremy Lair's Twitter They kind of get it right here, of course,
• 16:34
  is MEKA launching July first, It'll be remembered as the major moment in
• 16:38
  development of new internet financial system. Can you imagine that being said outside the
• 16:45
  halls of Silicon Valley. Yeah, this is Meka. So this is Circle,
• 16:48
  an American company that had to go to Europe and be able to initiate
• 16:55
  a stable coin product because we have been setting on our hands here in the
• 16:57
  US. So hopefully all those changes, guys. But the only way it
• 17:00
  does, of course, is to get the right people in office to make
• 17:03
  sure get out there and vote. And if you're not in our Diamond circle,
• 17:07
  that's another way strap yourself with education and community because protection is connection kind
• 17:14
  of thing, and the way you do that is just by joining the Diamond
• 17:17
  Circle down below. We've got a lot of new stuff happening over there,
• 17:19
  and all you have to do is sign up via email. We'll notify you
• 17:23
  of the advancements also some of the things we do in terms of additional content.
• 17:27
  Check it out down on the link below. All right, if you're
• 17:30
  not following me on X, make sure and do that. It's just at
• 17:33
  Paul Baron. I'll catch you next time right here on Techpath.