Latest / The Paul Barron Crypto Show / Unleashing AVAX After CLARITY🔺John Wu INTERVIEW🚨Avalanche

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Unleashing AVAX After CLARITY🔺John Wu INTERVIEW🚨Avalanche · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Continue our coverage here at Salona Accelerate and of course
• 0:03
  Speaker 1: one of my favorite guests and old.
• 0:05
  Speaker 2: Time friend is mister John Wu coming in for Avalanche.
• 0:07
  Speaker 3: How are you, Oh, I'm great, and thank you for
• 0:09
  Speaker 3: having me. I always love talking to you. As you know,
• 0:11
  Speaker 3: we've been talking for six years, years now years. You're
• 0:15
  Speaker 3: one of the few that got it in the very
• 0:18
  Speaker 3: beginning the integration of traditional enterprises with that of the
• 0:22
  Speaker 3: new blockchain world.
• 0:23
  Speaker 1: I didn't think it was a special gift or anything.
• 0:25
  Speaker 1: I think it was obvious what was happening.
• 0:27
  Speaker 2: But thank you.
• 0:29
  Speaker 1: Listen, John, A lot happening with Avalanche. You guys have
• 0:32
  Speaker 1: been doing a lot of new partnership's announcements. Tell me
• 0:35
  Speaker 1: what you're excited about right now.
• 0:37
  Speaker 3: With that line, Well, there's so many things I'm excited about.
• 0:39
  Speaker 3: But this summer when you see FIFA World Cup, a
• 0:44
  Speaker 3: lot of their right to buy tickets and a lot
• 0:46
  Speaker 3: of their loyalty stuff and tickets in general are going
• 0:50
  Speaker 3: to be done on an Avalanche blockchain. Well, I think
• 0:53
  Speaker 3: that's going to be huge. Yeah, there's a whole class
• 0:56
  Speaker 3: I call it loyalty type stuff that is also the
• 1:00
  Speaker 3: helping on Avalanche. Even though Avalanche is also very well
• 1:03
  Speaker 3: known for traditional finance and bridging the gap between crypto
• 1:07
  Speaker 3: and trudi finance. We have a whole category of loyalty stuff,
• 1:10
  Speaker 3: whether it's the Cleveland Cavaliers of Detroit Pistons taking advantage
• 1:15
  Speaker 3: of the blockchain to enhance their either payments to stable
• 1:19
  Speaker 3: coins or their better management engagement of their users.
• 1:22
  Speaker 1: Yep, yeah, Well, I think you know, when you look
• 1:25
  Speaker 1: at mainstream of blockchain, which is what's happening now, we're
• 1:29
  Speaker 1: seeing it in the sports arena. Obviously we're going to
• 1:32
  Speaker 1: I think see it now in probably mainstream brands.
• 1:36
  Speaker 2: And that brings me to a question.
• 1:37
  Speaker 1: And you and I've really kind of tumbled with this
• 1:39
  Speaker 1: a lot around how mainstream brands are going to adopt
• 1:43
  Speaker 1: into crypto or blockchain in general. Stable coins might be
• 1:48
  Speaker 1: the opportunity. When you look at stable coins right now.
• 1:51
  Speaker 1: Obviously clarity we're getting new language literally as we're talking today,
• 1:56
  Speaker 1: that clarity in itself is going through. It changes the
• 2:00
  Speaker 1: framework of a traditional investor being able to get some yields.
• 2:03
  Speaker 1: We'll talk about that a second, but what do you
• 2:05
  Speaker 1: think big brands and stable coins, how do you think
• 2:08
  Speaker 1: that's going.
• 2:08
  Speaker 3: To marry stable coin, especially after the Genius Act, was
• 2:11
  Speaker 3: a huge unlocked not just for traditional finance, but for
• 2:15
  Speaker 3: all of these different consumer brands. All of a sudden,
• 2:18
  Speaker 3: it's like you have this more efficient rail, and this
• 2:23
  Speaker 3: more efficient rail increases the velocity of money, allows a
• 2:27
  Speaker 3: team who actually owns the stadium as well, some that
• 2:30
  Speaker 3: can use stable coins to incentivize their own engaged and
• 2:35
  Speaker 3: further engage their users, but also let it use it
• 2:37
  Speaker 3: to go buy the hot dog or the swag at
• 2:40
  Speaker 3: the store and give pass back some of the savings
• 2:43
  Speaker 3: right to the user. So I think regulation has gone
• 2:48
  Speaker 3: to the point where consumers now will see the benefits,
• 2:51
  Speaker 3: even if they don't see it right away or directly,
• 2:54
  Speaker 3: or it's abstracted away. The merchants will benefit and they
• 2:58
  Speaker 3: will pass some of that on.
• 3:00
  Speaker 1: And Clarity is most likely going to solidify that as
• 3:04
  Speaker 1: it goes into the Senate this week hopefully next week.
• 3:07
  Speaker 1: On markup, do you think a brand this year I
• 3:11
  Speaker 1: want a prediction.
• 3:12
  Speaker 2: Do you think a.
• 3:12
  Speaker 1: Brand this year will launch its own stable coin? Now,
• 3:15
  Speaker 1: I'm not thinking about Western Union. I'm talking about a
• 3:18
  Speaker 1: real brand that that's not a finance brand.
• 3:21
  Speaker 3: What do you think that's not a finance, but not
• 3:22
  Speaker 3: a finance brand. I do, ok. Absolutely, I think there
• 3:26
  Speaker 3: will be some brand that has massive distribution and instead
• 3:33
  Speaker 3: of having Starbucks as points as, they may have a
• 3:38
  Speaker 3: stable coin that beds loyalty. I mean, a tokenized asset
• 3:44
  Speaker 3: is better than a traditional digitized asset because you can
• 3:47
  Speaker 3: bed rules of engagement absolutely in it. So the asset
• 3:52
  Speaker 3: itself is no longer just a dumb asset. It's actually intelligent.
• 3:55
  Speaker 3: It talks up, it can embed the rules of exchanging,
• 4:00
  Speaker 3: holding as well as you know, incentivizing ye all in
• 4:05
  Speaker 3: the coin itself well.
• 4:07
  Speaker 1: And the opportunity I think there for brands to really
• 4:09
  Speaker 1: kind of leverage into what's happening in blockchain.
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  Speaker 3: Just open so I will have you one thing. Everything
• 4:14
  Speaker 3: I just said depends on how tokens are classified in
• 4:17
  Speaker 3: the cloudity for sure, But I do think stable coins
• 4:21
  Speaker 3: will in brand perspective, We'll be using stable coins.
• 4:24
  Speaker 2: Yeah, a lot.
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  Speaker 3: But once you can take Clarity Act throw it on
• 4:28
  Speaker 3: top of stable coins and make it clear what the
• 4:30
  Speaker 3: rules are, suddenly you have your own stable coin that
• 4:34
  Speaker 3: can embed slightly different rules.
• 4:35
  Speaker 2: Yeah.
• 4:36
  Speaker 1: I think the brands are going to get very creative
• 4:38
  Speaker 1: on this, for sure.
• 4:39
  Speaker 2: Let's talk.
• 4:40
  Speaker 1: There's been a lot of news going on with Canton.
• 4:44
  Speaker 1: We look at this as a bank to bank private chain.
• 4:48
  Speaker 1: There's you know, we've gone back and forth with their CEO.
• 4:51
  Speaker 1: But I'm curious, is Avalanche maybe the one that is
• 4:55
  Speaker 1: poised to actually take on Canton.
• 4:57
  Speaker 3: Yes, yes, Lanche, I think Avalanche, as you know from
• 5:02
  Speaker 3: day one, we've been working on this, Avalanche will be
• 5:06
  Speaker 3: to call it, the default infrastructure in the future for
• 5:09
  Speaker 3: all digital assets. And it's because it's interoperable. You can
• 5:14
  Speaker 3: create your own l one on Avalanche connected to the
• 5:17
  Speaker 3: sea chain the Avalanche and then move its EVM compatible
• 5:21
  Speaker 3: so easily move it around the entire crypto.
• 5:23
  Speaker 2: Which is what makes that an advantage.
• 5:25
  Speaker 3: This is a huge advantage. We believed in the permissions
• 5:28
  Speaker 3: world from day one. Now, what do they also say?
• 5:31
  Speaker 3: Copying is the greatest form of flattery. If you look
• 5:34
  Speaker 3: at what Canton is about, kudos them. They've done a
• 5:37
  Speaker 3: great job, you know, but they were DLT disparate little pockets.
• 5:44
  Speaker 3: They had to create interconnection, and then they created their
• 5:47
  Speaker 3: forget what it's called, but it's effectively our sea chain.
• 5:50
  Speaker 3: So they reversed, engineered interesting into what Avalanche started with
• 5:55
  Speaker 3: the architecture from day one study.
• 5:58
  Speaker 2: That so okay.
• 6:00
  Speaker 1: So when you think about companies that would come to
• 6:04
  Speaker 1: Avalanche or to Canton, the side that you guys really offer,
• 6:09
  Speaker 1: I think is much more flexible and gives major companies
• 6:14
  Speaker 1: a lot more options. Beyond that, what would was there
• 6:17
  Speaker 1: anything else that you would say it would draw in
• 6:20
  Speaker 1: a major finance company or a major platform or a
• 6:24
  Speaker 1: major fortune five hundred that would say, Okay, that's another
• 6:27
  Speaker 1: reason I should choose Avalanche.
• 6:29
  Speaker 3: Especially in finance, there's this tension when we do deals
• 6:34
  Speaker 3: with traditional financial companies asset back asset managers or or
• 6:38
  Speaker 3: banks or fintech companies. They want control on one hand
• 6:44
  Speaker 3: because they have compliance needs. They want to know who's
• 6:47
  Speaker 3: in the network, who they're dealing with. They need privacy.
• 6:51
  Speaker 3: At the same time, they at some point want connectivity
• 6:54
  Speaker 3: for distribution to see the entire ecosystem. That's the tension
• 6:58
  Speaker 3: that they're constant fighting. An Avalanche L one gives them
• 7:04
  Speaker 3: their purpose built L one that they can control, call
• 7:07
  Speaker 3: it the privacy or the necessary participants KYB KYC at
• 7:14
  Speaker 3: three levels, the transaction level, the network level, the smart
• 7:19
  Speaker 3: contract level, and then when the rules are clear and
• 7:22
  Speaker 3: when they're comfortable they can attach to other l ones
• 7:27
  Speaker 3: or to the main open permission less chain of Avalanche
• 7:31
  Speaker 3: and then also move it to Ethereum or other places.
• 7:34
  Speaker 1: Because it's a lot more flexibility for much more flexibility.
• 7:37
  Speaker 1: So let's talk about clarity and the impact is going
• 7:40
  Speaker 1: to have on the Avalanche ecosystem. You guys have a
• 7:42
  Speaker 1: lot of new projects in development across the ecosystem right now.
• 7:47
  Speaker 1: How much of an impact do you think clarity is
• 7:49
  Speaker 1: really going to have on the avax ecoste.
• 7:52
  Speaker 3: It'll take a lot of the test net stuff or
• 7:57
  Speaker 3: into main net live thing. We saw that with Genius. Oh,
• 8:02
  Speaker 3: we were thinking about this. We want to understand the technology,
• 8:05
  Speaker 3: but we're not clear. Oh now stable coins are allowed. Yeah,
• 8:10
  Speaker 3: let's move to the next level. So as soon as
• 8:13
  Speaker 3: the clarity comes from that, you're going to see that
• 8:17
  Speaker 3: another wave of development happening.
• 8:20
  Speaker 2: A lot of perps moving into the market.
• 8:23
  Speaker 1: So obviously we've seen activity with X stocks on.
• 8:29
  Speaker 2: Then you look at pre stocks.
• 8:30
  Speaker 1: I mean there's a lot of opportunity here and the
• 8:32
  Speaker 1: pickup seems to be coming toward mainstream meaning mainstream investors
• 8:36
  Speaker 1: figuring this out. What are you guys doing around that
• 8:40
  Speaker 1: ecosystem right now.
• 8:41
  Speaker 3: I mean I just met the X stocks founder and
• 8:44
  Speaker 3: CEO last night. I think they're doing a great job.
• 8:47
  Speaker 3: You know, I believe you can bridge x stocks over
• 8:51
  Speaker 3: to Avalanche as well. But there's a company called Denari
• 8:56
  Speaker 3: that is on Avalanche and they are basically in the
• 8:59
  Speaker 3: pub like the like Apple public stocks, they've tokenized it overseas,
• 9:06
  Speaker 3: allowing people outside of the US who you know in
• 9:08
  Speaker 3: the US and I can get access to Apple stock
• 9:11
  Speaker 3: right but they have close to a billion dollars of
• 9:15
  Speaker 3: TVL now of traditional public equities in the US that
• 9:20
  Speaker 3: they allow other people to buy and sell in a
• 9:24
  Speaker 3: regulatory compliant way, so I Canari's another one in that
• 9:28
  Speaker 3: same vein that's doing this. I think in the long run,
• 9:33
  Speaker 3: you as an investor, or me as a retail person,
• 9:36
  Speaker 3: or someone else as a retail person, they're gonna want
• 9:39
  Speaker 3: the product and not necessarily care who is providing He.
• 9:43
  Speaker 1: Yeah, John, I want to now that we're talking, because
• 9:47
  Speaker 1: you look at the emerging tech, especially on the finance side.
• 9:50
  Speaker 2: That's easy.
• 9:51
  Speaker 1: I think it fits with almost every chain out there.
• 9:55
  Speaker 1: But you look at the opportunity of a decentralized social
• 9:58
  Speaker 1: media platform. This is the one thing that is missing
• 10:01
  Speaker 1: across all of blockchain. I know, you guys have some
• 10:04
  Speaker 1: things that are out there, arena. I've been in and
• 10:07
  Speaker 1: out of it, you know, et cetera.
• 10:10
  Speaker 2: What do you think.
• 10:10
  Speaker 1: Do you think we're going to see a major come
• 10:13
  Speaker 1: into the market soon?
• 10:15
  Speaker 3: Listen. The reason why a social network on blockchain's permissionless blockchain,
• 10:22
  Speaker 3: sure it's very hard to do, is because it's permissionless.
• 10:26
  Speaker 3: You know. Cell sovereignty is a big reason why people
• 10:29
  Speaker 3: go into crypto and blockchain. If you can move your
• 10:33
  Speaker 3: data and own your data and move it from one
• 10:36
  Speaker 3: place to another, then you know, you don't get the
• 10:40
  Speaker 3: lock in. So then therefore the platform doesn't allow the
• 10:43
  Speaker 3: network effect to happen, right. I mean, there have been
• 10:45
  Speaker 3: many times where people want to use a traditional social
• 10:48
  Speaker 3: media but another one comes and they would like to
• 10:50
  Speaker 3: move their credentials and their history and their graph to
• 10:54
  Speaker 3: another one. They can't. That's a web to thing, I
• 10:57
  Speaker 3: do think, though. I know there's some creative trying to
• 11:00
  Speaker 3: figure out how to create network effects social media. You
• 11:03
  Speaker 3: need a network effect for sure, and there are people
• 11:05
  Speaker 3: trying to figure out creative ways to do it. It's just
• 11:08
  Speaker 3: that's one category that's very hard in a permissionless world.
• 11:12
  Speaker 1: Do you think that uh, Elon has a beat on.
• 11:16
  Speaker 2: This or no.
• 11:17
  Speaker 3: If anyone can do it, it's Elon, right. I would
• 11:20
  Speaker 3: never count him out in anything.
• 11:22
  Speaker 1: I mean, it's interesting to see what he's trying to launch.
• 11:24
  Speaker 1: We'll see if the finance products start to work over there.
• 11:26
  Speaker 3: But he starts with a huge you know, his base, yeah,
• 11:31
  Speaker 3: his base.
• 11:31
  Speaker 2: Yeah.
• 11:31
  Speaker 3: So he's got a huge base and he can build
• 11:33
  Speaker 3: in the finance part as you mentioned, like the neo
• 11:36
  Speaker 3: bank components to it or whatever. That's a different lock
• 11:40
  Speaker 3: in than.
• 11:41
  Speaker 2: It is it is.
• 11:42
  Speaker 1: I I kind of push back on it a little bit,
• 11:44
  Speaker 1: only in the sense that I worry about having my
• 11:48
  Speaker 1: money in something that also has my personality, my opinions.
• 11:54
  Speaker 2: My you know, it kind of ties other elements of
• 11:56
  Speaker 2: my life.
• 11:56
  Speaker 3: This isn't typically part of the reason why I came
• 12:00
  Speaker 3: into you remember, I was a traditional investment and I
• 12:03
  Speaker 3: benet from the growth of this called max seven companies
• 12:08
  Speaker 3: from my previous life. But I do worry about four
• 12:13
  Speaker 3: to seven companies that are trillion dollar market cap, bigger
• 12:18
  Speaker 3: than the GDP of running in countries, bigger than the
• 12:21
  Speaker 3: top you know, after four or five. I mean that
• 12:25
  Speaker 3: some of these companies are bigger than the GDP of
• 12:27
  Speaker 3: most countries out there now. And think about Amazon just alone,
• 12:31
  Speaker 3: like again, great job, unbelievable Jeff Bezos did in now
• 12:34
  Speaker 3: Andy Jassey. But they have everything about you. They have
• 12:38
  Speaker 3: whole foods where you shop, Okay, they know basically ring
• 12:42
  Speaker 3: who comes in and out of your house. You know,
• 12:44
  Speaker 3: they obviously know your commerce. They also have your business
• 12:47
  Speaker 3: in aws and they're doing your insurance not good, your
• 12:51
  Speaker 3: health insurance. I mean, they had so much information about you,
• 12:57
  Speaker 3: and now they have the hyperscalers for their AWI so
• 13:00
  Speaker 3: that the future of AI may reside in there as well. Yeah,
• 13:04
  Speaker 3: it's like their nation states.
• 13:05
  Speaker 1: Now, John, I'm counting on you to try to break
• 13:08
  Speaker 1: that Agoppoly.
• 13:10
  Speaker 2: I feel it's just everybody that's the one here for sure.
• 13:13
  Speaker 3: You know, there's not one person that can break these
• 13:15
  Speaker 3: big things, all.
• 13:16
  Speaker 2: Right, So you've done a lot in terms and then just.
• 13:18
  Speaker 3: Be clear like there should be alternatives.
• 13:20
  Speaker 2: Sure, absolutely, for sure.
• 13:22
  Speaker 1: I think that's the key because once you get locked in,
• 13:24
  Speaker 1: that's when it gets very intolitarian, and that's the problem
• 13:28
  Speaker 1: I think a lot of networks really face.
• 13:30
  Speaker 2: And it's also what breaks them down to once you
• 13:32
  Speaker 2: get it.
• 13:32
  Speaker 1: At that point, let's talk about Animoka Brands, big announcement
• 13:36
  Speaker 1: a few weeks almost a month ago, big partnership, yachts
• 13:40
  Speaker 1: who's been on our show many times. You guys are
• 13:42
  Speaker 1: very aligned, I think in terms of the way you think,
• 13:45
  Speaker 1: what was it that brought you together and what are
• 13:47
  Speaker 1: you trying to do?
• 13:47
  Speaker 3: Well? I just had breakfasted though, so you know what
• 13:51
  Speaker 3: brought us together a long time ago is I love
• 13:54
  Speaker 3: the way he thinks Animoka Brands and the partnership with
• 13:59
  Speaker 3: Ava Labs and novel Lanch. It's going to help. Uh.
• 14:02
  Speaker 3: You know, they're very outside of the US, and we've
• 14:05
  Speaker 3: been making big pushes in Asia and Middle East, so
• 14:09
  Speaker 3: that partnership allows us to have access to the Middle East,
• 14:15
  Speaker 3: more access to Asia because we're big in Asia. But
• 14:19
  Speaker 3: also it's more than just gaming. It's not gaming anymore,
• 14:23
  Speaker 3: there's real world assets. There is also a whole bunch
• 14:26
  Speaker 3: of things. In fact, he and I were just talking
• 14:28
  Speaker 3: about the new push into the integration of AI and
• 14:32
  Speaker 3: blockchain with the Gentic payments. There are things that are
• 14:37
  Speaker 3: happening on aval Lanch that's you know, Gentic payments related
• 14:41
  Speaker 3: as well. As AI related, and he and I think
• 14:44
  Speaker 3: about what can we do together because there's a push
• 14:47
  Speaker 3: on both sides, but maybe we can join force, join
• 14:50
  Speaker 3: forces and do it because I think what blockchain is
• 14:53
  Speaker 3: going to help in the future for AI is obviously
• 14:55
  Speaker 3: the payments with stable coins, but also for trust when
• 15:00
  Speaker 3: when agents are creating agents and creating other code and
• 15:03
  Speaker 3: code is creating code, you need to have the trust
• 15:06
  Speaker 3: that the original thing was there. Now who owns the
• 15:09
  Speaker 3: original thing, who was the original creator? You need to
• 15:12
  Speaker 3: also identify who that person is. And these are things
• 15:14
  Speaker 3: that can live on the blockchain so people see the
• 15:17
  Speaker 3: provenance of the new code or the new things being created.
• 15:22
  Speaker 2: Right for sure?
• 15:23
  Speaker 1: Well, and Anamoka has been a stalwart in the gaming sector,
• 15:27
  Speaker 1: as has been the Avalanche in terms of really kind
• 15:31
  Speaker 1: of rolling it out. Stalled a little bit in the
• 15:33
  Speaker 1: last Bowl run. Do we get a resurgence of that
• 15:36
  Speaker 1: now that Clarity is maybe lining up here? Could it
• 15:40
  Speaker 1: open up an opportunity, a true opportunity for true you
• 15:44
  Speaker 1: know tier one games, to where they can start utilizing
• 15:47
  Speaker 1: crypto assets in game.
• 15:48
  Speaker 2: Do you think?
• 15:49
  Speaker 3: I think yes in two ways. Okay, so we have
• 15:52
  Speaker 3: a partnership with a company called Nexon. It's publicly traded
• 15:56
  Speaker 3: company in Japan. One of their oldest and biggest game aims,
• 16:00
  Speaker 3: it's Maple Story right over two hundred and twenty million users.
• 16:06
  Speaker 3: They've always innovated, that's how they keep the game going
• 16:08
  Speaker 3: after twenty twenty five years, and they see what roblox does.
• 16:13
  Speaker 3: Like Roadblox, even though it's not a crypto blockchain company,
• 16:15
  Speaker 3: it's got ethos of a crypto blockchain company. There's a
• 16:18
  Speaker 3: world bucks coin, there's a creative community, there's a user community,
• 16:22
  Speaker 3: and there's an economic system through the coin itself. So
• 16:25
  Speaker 3: Maple Story is creating a new instance of the game
• 16:28
  Speaker 3: on Avalanche. So I think we have somewhere between one
• 16:32
  Speaker 3: hundred and sixty to two hundred thousand new addresses and
• 16:37
  Speaker 3: users of this crypto version, this new instance on top
• 16:42
  Speaker 3: of Ava Lanche. And it's a closed ecosystem right now
• 16:47
  Speaker 3: because they have to really test it out and make
• 16:49
  Speaker 3: sure it works. But we're talking about creators now being
• 16:52
  Speaker 3: more composable with the code than in a roadblock sense.
• 16:56
  Speaker 3: They have to create things, give it to their creators
• 16:59
  Speaker 3: to create now, but you can go in there and
• 17:02
  Speaker 3: code it yourself. Right. Stable coins is going to be
• 17:06
  Speaker 3: a big part of that, allowing in game assets and
• 17:08
  Speaker 3: stuff to flow as well. So I think from a
• 17:11
  Speaker 3: value transfer as well as from a composability or code.
• 17:15
  Speaker 3: As regulation becomes more and more clear, more and more
• 17:18
  Speaker 3: companies are going to be creating a blockchain instance.
• 17:21
  Speaker 1: Yeah, for sure, time to lock in, John. Thanks for
• 17:25
  Speaker 1: coming in today.
• 17:25
  Speaker 2: We appreciate it.
• 17:26
  Speaker 3: Always a pledgeable. All right, you.
• 17:27
  Speaker 2: Guys know what to do.
• 17:28
  Speaker 1: We'll be covering more of Accelerate here in Miami.
• 17:32
  Speaker 2: We'll catch you soon.
• 17:39
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• 17:42
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• 17:45
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