Latest / The Paul Barron Crypto Show / Mythical Games Exploding Polkadot!🚀CEO John Linden🔥INTERVIEW

Transcript

Mythical Games Exploding Polkadot!🚀CEO John Linden🔥INTERVIEW · The Paul Barron Crypto Show

• 0:05
  Speaker 1: My name is Paul Barrow. Welcome back in the tech path.
• 0:07
  Speaker 1: I want to thank our sponsor today. And then of
• 0:09
  Speaker 1: course that is Coinbase.
• 0:10
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• 0:21
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• 0:23
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• 0:28
  Speaker 1: It's going to give you a little bit of a
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• 0:31
  Speaker 1: all right. So today we're going to get into a
• 0:34
  Speaker 1: topic around mythical games. And as you guys have seen
• 0:39
  Speaker 1: us talk about this before and.
• 0:41
  Speaker 2: We've done a few videos of it.
• 0:42
  Speaker 1: When we go back to Kathy Wood, of course, one
• 0:45
  Speaker 1: of the lead investors are invested on this, we've talked
• 0:49
  Speaker 1: about this. We've also looked at things around their transaction
• 0:52
  Speaker 1: numbers when it comes to NFT sales, still one of
• 0:55
  Speaker 1: the highest out there, just trailing Salona by not much.
• 0:58
  Speaker 1: So if you look at some of the chain analytics,
• 1:01
  Speaker 1: you can kind of see the project is growing pretty
• 1:03
  Speaker 1: significantly on the myth token, just to give you a
• 1:06
  Speaker 1: little bit of an idea. Also just the marketplace a
• 1:09
  Speaker 1: net inflow up. Also, you look at active wallets, also
• 1:13
  Speaker 1: a big jump we've seen here recently.
• 1:15
  Speaker 2: Further into it, remember.
• 1:17
  Speaker 1: That they are associated with Polka Dot, and one thing
• 1:21
  Speaker 1: that we did start to see is a little bit
• 1:22
  Speaker 1: of movement again.
• 1:23
  Speaker 2: With Polka Dot.
• 1:24
  Speaker 1: It kind of builds to the validity of where Poko
• 1:27
  Speaker 1: dot is going with some of their strategy, So we'll
• 1:29
  Speaker 1: get into that as well with their team. And then
• 1:32
  Speaker 1: last up here is just to kind of give you
• 1:33
  Speaker 1: an example. I'm going to go over here.
• 1:35
  Speaker 2: And showcase a little bit about this most.
• 1:38
  Speaker 1: Recent volume and move that we're continuing to see around
• 1:42
  Speaker 1: some of these NFTs. And that's the thing we're seeing
• 1:46
  Speaker 1: NFTs now that are starting to really kind of elevate
• 1:48
  Speaker 1: the game here. And I think when you look at
• 1:50
  Speaker 1: the market and what's happening with things like Pudgie Penguins,
• 1:53
  Speaker 1: et cetera, all of this is correlated to really the
• 1:57
  Speaker 1: growth of this next phase forward. I want to go
• 1:59
  Speaker 1: to al here and this is Lucan NAT's who is
• 2:02
  Speaker 1: the founder of Pudgie Penguins, and he's announcing a little
• 2:06
  Speaker 1: bit of information here. I think you guys will want
• 2:07
  Speaker 1: to see. Take a look.
• 2:09
  Speaker 3: We have Pudgy World, which is our game that we're building,
• 2:12
  Speaker 3: which I think the set date is like November twenty first, okay,
• 2:14
  Speaker 3: so you know, giving it some sort of like digital experience.
• 2:17
  Speaker 3: We have another mobile game coming out that's going to
• 2:19
  Speaker 3: be like a Stumble guys for Penguins. Yeah, We've been
• 2:22
  Speaker 3: working on that for quite a while, so I'm pretty
• 2:24
  Speaker 3: excited about that, right, So, like, let's now go take
• 2:26
  Speaker 3: some like franchise level swings, Netflix, Hulu, mobile games, happy meals.
• 2:35
  Speaker 3: We're in you know, castle parks and Chuck e Cheeses
• 2:38
  Speaker 3: around the country. Are you really Yeah, we're gonna announce
• 2:40
  Speaker 3: some of that like pretty years soon. But my god, yes, absolutely,
• 2:44
  Speaker 3: fucking Brital So I hope you're doing. Okay, So in
• 2:45
  Speaker 3: five ten years, dude, enjoy your fucking victory lap.
• 2:49
  Speaker 4: But right now here in the trenches, like.
• 2:51
  Speaker 3: Pudgy Penguin is one of those brands within the industry
• 2:53
  Speaker 3: that has to win.
• 2:55
  Speaker 2: All right.
• 2:55
  Speaker 1: So that was look in that's We've talked about Pudgie
• 2:58
  Speaker 1: Penguins before Phomenon in the IP space. They've made some
• 3:02
  Speaker 1: major moves that have really kind of leveraged what's happening
• 3:05
  Speaker 1: in the NFT world, but also in Web three. Part
• 3:08
  Speaker 1: of that is in the gaming ecosystem. So I don't
• 3:10
  Speaker 1: want to bring on the CEO of Mythos and Mythical Games,
• 3:14
  Speaker 1: John Linden to kind of break it all down.
• 3:16
  Speaker 2: John, How are you good?
• 3:18
  Speaker 4: How are you doing? Thanks for having me, Paul.
• 3:19
  Speaker 1: Yeah, So let's get into a few things here. I
• 3:22
  Speaker 1: want to kind of just go in a little bit
• 3:25
  Speaker 1: around what you guys are doing with Polko Dot. Obviously
• 3:28
  Speaker 1: we're getting into some of the game development that you
• 3:31
  Speaker 1: guys are partaking in. What can you give us kind
• 3:33
  Speaker 1: of a rundown on, first of all, where you are today?
• 3:37
  Speaker 5: Yeah, so I mean in particularly Pokedylists, and we were
• 3:39
  Speaker 5: fully migrated over there. You know, this is actually we've
• 3:41
  Speaker 5: been around for a little while. This is actually our
• 3:43
  Speaker 5: third chain set of chain tech over the last you know,
• 3:45
  Speaker 5: five or six years. Yeah, I think you know it's
• 3:48
  Speaker 5: not really you know, it's it's it's been an evolution,
• 3:50
  Speaker 5: to be really honest of kind of where we've seen.
• 3:52
  Speaker 5: We started off on the US, which was kind of
• 3:54
  Speaker 5: this first you know, kind of proof of state network,
• 3:56
  Speaker 5: which we thought was the right decision over the proof
• 3:58
  Speaker 5: of work networks back and you know, four or five
• 4:00
  Speaker 5: years ago, we didn't kind of moved to a side
• 4:02
  Speaker 5: chain EVM chain because we were seeing so much growth
• 4:05
  Speaker 5: we wanted to make sure we could handle it.
• 4:07
  Speaker 4: You know, we were doing partnerships.
• 4:08
  Speaker 5: With Appling, Google, and we really had a lot of
• 4:11
  Speaker 5: concerns around you know, could any of these changes take
• 4:13
  Speaker 5: on this volume, And we really had to learn kind
• 4:15
  Speaker 5: of what was working there how to optimize that.
• 4:18
  Speaker 4: And we have.
• 4:18
  Speaker 5: Moved recently to the Poco dot ecosystem, so we are
• 4:21
  Speaker 5: a kind of a substrate chain. We still do have
• 4:23
  Speaker 5: an Evum address space. We felt that was very important
• 4:25
  Speaker 5: to kind of keep that Avum address space. But we've
• 4:28
  Speaker 5: been growing nicely. I think we're still still one of
• 4:30
  Speaker 5: the top actually the top gaming chain in terms of
• 4:32
  Speaker 5: sales volume, top gaming chain in terms of number of
• 4:35
  Speaker 5: active buyers and all that. And we're just kind of
• 4:38
  Speaker 5: getting started. We have a lot of things coming up.
• 4:41
  Speaker 1: I was looking at one of the slides that was
• 4:43
  Speaker 1: presented by the Polka Dot team, and this was in
• 4:45
  Speaker 1: reference to Polystream and your acquisition of them back in
• 4:48
  Speaker 1: December of twenty twenty one. First of all, explain what
• 4:52
  Speaker 1: polystream does and why it's a benefit to what you
• 4:55
  Speaker 1: guys are trying to do overall.
• 4:57
  Speaker 5: Yeah, definitely, So polyshreams of really interesting set of technologies,
• 5:01
  Speaker 5: you know. And I think if if you think about
• 5:02
  Speaker 5: the entertainment industry right now, if you want, you know, movies,
• 5:06
  Speaker 5: they're on demand, right you can instantly stream a movie.
• 5:08
  Speaker 4: You want music, it's on demand, you can instantly stream music.
• 5:11
  Speaker 5: If you want a video game, you've got to download
• 5:13
  Speaker 5: sixty or seventy gigabytes to your hard drive and hope
• 5:16
  Speaker 5: you have enough hard drive space, and then every time
• 5:18
  Speaker 5: you log in there's a two or three gigabyte update.
• 5:20
  Speaker 5: So the industry will go to cloud gaming. It's just
• 5:24
  Speaker 5: going to be the kind of the next evolution of games.
• 5:27
  Speaker 5: The challenge, though, Paul, is it's doable right now, but
• 5:30
  Speaker 5: it is, and it's just not even close and cost
• 5:32
  Speaker 5: effective right because with a game, you have to have
• 5:34
  Speaker 5: a dedicated GPU per player. So if I wanted a
• 5:37
  Speaker 5: million people in my in my game right now, I'd
• 5:39
  Speaker 5: have to have a million GPS in the cloud, and
• 5:41
  Speaker 5: those run two dollars and fifty cents an hour or
• 5:44
  Speaker 5: something like that, so you be you be out two
• 5:46
  Speaker 5: of two and a half million dollars an hour with
• 5:48
  Speaker 5: the current set of technologies on cloud cloud gaming.
• 5:51
  Speaker 4: So what poly Stream's done is very different.
• 5:53
  Speaker 5: They basically have instead of pixel streaming, which is what
• 5:55
  Speaker 5: kind of Nvidia and Xbox and other groups.
• 5:58
  Speaker 4: Use, they do what they call command streaming.
• 6:00
  Speaker 5: So they're basically taking the game data that flows through
• 6:03
  Speaker 5: the like APIs like a directex or whatever, compresses that
• 6:08
  Speaker 5: down and shoots it to your local GPU on your
• 6:10
  Speaker 5: mobile phone, your PC map and.
• 6:13
  Speaker 4: Uses that local GPU.
• 6:14
  Speaker 5: So what it ends up doing is you end up
• 6:16
  Speaker 5: getting the ability to stream games and the ability to
• 6:18
  Speaker 5: have cloud gaming, but without the costs.
• 6:21
  Speaker 4: You can use commodity.
• 6:22
  Speaker 5: CPEW hardware, and we've been thinking there's even a path
• 6:24
  Speaker 5: further to decentralize that, so you end up having this
• 6:27
  Speaker 5: kind of very decentralized cloud infrastructure that every three D
• 6:31
  Speaker 5: application can run on.
• 6:33
  Speaker 1: So okay, so that that kind of changes the the
• 6:36
  Speaker 1: whole landscape. Really if you look at the opportunity here,
• 6:40
  Speaker 1: is there anything else that you guys are planned to
• 6:43
  Speaker 1: do with this technology other than what you're doing right
• 6:45
  Speaker 1: now with the gaming side.
• 6:47
  Speaker 4: Yeah, So I think we actually Like I said, we've
• 6:49
  Speaker 4: come from the game industry.
• 6:50
  Speaker 5: We have, you know, twenty years of experiencing the game industry,
• 6:52
  Speaker 5: so we've seen a lot of those trends. And what's
• 6:54
  Speaker 5: really exciting is, you know, a lot of trends that
• 6:56
  Speaker 5: come into gaming are permanent. You know, they'll never go back.
• 6:58
  Speaker 5: And I think we're in the mid the next three
• 7:00
  Speaker 5: sets of transformations in the gaming industry.
• 7:03
  Speaker 4: One is economies.
• 7:04
  Speaker 5: You know, what we're seeing with the mythical marketplace and
• 7:06
  Speaker 5: the mythos chain and the mid token. It's working and
• 7:08
  Speaker 5: I'm happy to go through some of that later, but
• 7:10
  Speaker 5: it is definitely working. It's making a big impact for
• 7:13
  Speaker 5: players and game developers alike. So that's kind of the
• 7:15
  Speaker 5: first step is that decentralized economy. We think decentralized social
• 7:19
  Speaker 5: is going to be really powerful. You know, I think
• 7:21
  Speaker 5: social and how you interact and how you how you
• 7:23
  Speaker 5: come up. You know, there's no game company in the
• 7:25
  Speaker 5: world that no matter how many live events you plan,
• 7:28
  Speaker 5: the community is going to plant more, right, And I
• 7:30
  Speaker 5: think there's a way to kind of decentralize that social
• 7:32
  Speaker 5: social infrastructure so that anybody can start, you know, kind
• 7:35
  Speaker 5: of building communities and tournaments and all that around games.
• 7:38
  Speaker 5: And the third area we do think is going to
• 7:39
  Speaker 5: be the infrastructure the distribution of games. I don't think
• 7:42
  Speaker 5: I think the app stores will become less important over time.
• 7:45
  Speaker 5: They're going to be around for a long time, right,
• 7:46
  Speaker 5: They have a lot of devices. But the idea of
• 7:48
  Speaker 5: you and I saying, hey, we're chatting in an app
• 7:51
  Speaker 5: right now, let's immediately jump into that game is super
• 7:54
  Speaker 5: powerful and it'll change how games are distributed. So that's
• 7:56
  Speaker 5: kind of the way we view things of the next
• 7:58
  Speaker 5: three sets of technology is kind of economy, tag, streaming,
• 8:01
  Speaker 5: tag social tech.
• 8:03
  Speaker 1: When you look at all, right, so I want to
• 8:04
  Speaker 1: go to Pudgie Party because obviously this is one of
• 8:06
  Speaker 1: the games that you guys are so you're obviously launching this.
• 8:10
  Speaker 1: When you look at what your strategy is with this
• 8:14
  Speaker 1: and how this may bring in the web two innovators
• 8:18
  Speaker 1: out there, whether it's the dev houses, a lot of
• 8:20
  Speaker 1: the game developers as well as some of the distributed
• 8:22
  Speaker 1: distributors and some of the major players in it, is
• 8:25
  Speaker 1: this one of the key things that you think will
• 8:27
  Speaker 1: bridge that gap.
• 8:29
  Speaker 5: I think the thing I love about Pudge, Pudgy Party
• 8:31
  Speaker 5: and Pudgie Pinguins in general. One Luca nuts is I
• 8:34
  Speaker 5: think just a marketing genius. I mean that that guy
• 8:36
  Speaker 5: has figured it out, he knows how to do it.
• 8:37
  Speaker 5: He's also one of the biggest hustlers I see in
• 8:40
  Speaker 5: the space. That guy never stops working. He's amazing, and
• 8:43
  Speaker 5: that's that's the type of person you want to partner with.
• 8:45
  Speaker 5: So I love what they've done on the web three side.
• 8:47
  Speaker 5: I think Pudgie Penguins is already a triple threat. Right,
• 8:50
  Speaker 5: They're enormous on what they've done on the PfP side, right,
• 8:53
  Speaker 5: four or five dollars in secondary sales. They've been enormous
• 8:56
  Speaker 5: on the retail side. I mean, you hear every three
• 8:59
  Speaker 5: or four months a new major retail partner that are
• 9:01
  Speaker 5: selling toys, and this toys are really becoming a very
• 9:04
  Speaker 5: popular mainstream item. And then they've been really really innovative
• 9:07
  Speaker 5: around the social side, you know, I think I know
• 9:08
  Speaker 5: if you've heard the Giffy Giffy where you're sending gife
• 9:11
  Speaker 5: images to each other. They're one of the top brands
• 9:13
  Speaker 5: in the world. I think they're like thirty five billion impressions.
• 9:15
  Speaker 5: I think they're doing more than Disney's right now. So
• 9:17
  Speaker 5: they're already kind of this triple threat and Luga and
• 9:20
  Speaker 5: team are just remarkable, you know, just remarkable forces I
• 9:23
  Speaker 5: think in the industry, and we wanted to come in
• 9:25
  Speaker 5: and say, hey, let's build that next mass market game.
• 9:27
  Speaker 5: And I think this is a game that is not
• 9:30
  Speaker 5: it's bringing the Web three ip into this traditional world,
• 9:33
  Speaker 5: and I think this is a game that could have
• 9:34
  Speaker 5: fifty to one hundred million players worldwide.
• 9:36
  Speaker 4: They've done such a.
• 9:37
  Speaker 5: Great job and we want to basically help them get
• 9:39
  Speaker 5: that out to the mainstream on what we've already learned
• 9:41
  Speaker 5: from games like NFL Rivals.
• 9:43
  Speaker 1: Obviously we're going to see some of the major players
• 9:45
  Speaker 1: out there. You've got to look at Tim Sweeney and
• 9:48
  Speaker 1: what's going on with Epic. Why would we not see
• 9:52
  Speaker 1: tim Sweeney ready to maybe finally come over into this
• 9:56
  Speaker 1: Web three ecosystem of where game and class especially class
• 10:00
  Speaker 1: gaming is going to be going in the future.
• 10:02
  Speaker 4: Yeah, definitely.
• 10:03
  Speaker 5: I think I think there's there's a couple of companies
• 10:06
  Speaker 5: right that they could be doing it. I don't think
• 10:09
  Speaker 5: they have to do it right now because they have,
• 10:11
  Speaker 5: you know, you kind of people kind.
• 10:12
  Speaker 4: Of talk about the closed gardens.
• 10:14
  Speaker 5: They have one of the biggest gardens in the world, right,
• 10:16
  Speaker 5: so they don't necessarily need other people in there yet.
• 10:18
  Speaker 5: I think time's very I mean I've spoken to Teen
• 10:20
  Speaker 5: several times and Kim their CTO and all that they're
• 10:22
  Speaker 5: definitely thinking through their version of this.
• 10:24
  Speaker 3: Right.
• 10:25
  Speaker 4: I think it's a little bit more closed right now.
• 10:27
  Speaker 5: I think it's it's they want to kind of keep
• 10:29
  Speaker 5: it within the epic ecosystem, which is their absolutely right
• 10:32
  Speaker 5: to do that. I think you look at roadblocks kind
• 10:34
  Speaker 5: of similar things. Right, we've come in a little bit different.
• 10:37
  Speaker 5: I truly believe it should be open over time, right,
• 10:39
  Speaker 5: I think if you truly want to have the creator
• 10:41
  Speaker 5: economy that can become trillions of dollars of revenue.
• 10:46
  Speaker 4: And goods digital goods traded, which I do think it
• 10:48
  Speaker 4: can become that.
• 10:49
  Speaker 5: I think it does have to ultimately be open, you know,
• 10:51
  Speaker 5: I think you need and we're already starting to see
• 10:52
  Speaker 5: some brands now. It's really interesting, Paul, is that a
• 10:55
  Speaker 5: couple of years ago at Blancas, we had a lot
• 10:57
  Speaker 5: of brands we were working with. They the idea of
• 10:59
  Speaker 5: pain that in a wallet, like, well, give us a
• 11:02
  Speaker 5: wallet and you'll have all these transactions just flow through
• 11:04
  Speaker 5: from a smart contract. There was zero takers, you know,
• 11:07
  Speaker 5: even a couple of years ago. Now we're starting to
• 11:09
  Speaker 5: see some of the major brands are like, we want it,
• 11:11
  Speaker 5: We'll put our wallet in there, we'll start collecting our
• 11:13
  Speaker 5: commissions and that type of stuff. And I think you're
• 11:16
  Speaker 5: seeing that side of the business to catch up. And
• 11:18
  Speaker 5: I think over time you're going to see all of
• 11:20
  Speaker 5: them want to be able to audit this those selves.
• 11:22
  Speaker 5: They can see exactly the transactions. All the principles of
• 11:24
  Speaker 5: Web three become critical. And I'm not you know, I'm
• 11:27
  Speaker 5: talking more of the big brands right now, but I
• 11:29
  Speaker 5: think if you're you know, an artist in South Africa,
• 11:31
  Speaker 5: you're going to want those same principles right, and you're
• 11:33
  Speaker 5: going to want to know, frankly, that a shareholder base
• 11:36
  Speaker 5: can't be like, hey, we're changing that commission on you
• 11:39
  Speaker 5: because we need a slightly higher quarter of this quarter, right,
• 11:41
  Speaker 5: which is kind of what can happen in Web two.
• 11:43
  Speaker 5: I'm not saying that it does, but it's in their
• 11:45
  Speaker 5: power to change it or change the payout rates or
• 11:47
  Speaker 5: however they want to do it. I think the next
• 11:49
  Speaker 5: phase of this evolution and content is going to be open,
• 11:52
  Speaker 5: you know, and that's where we're really focused on.
• 11:54
  Speaker 1: Well, what's interesting you say that because I was looking
• 11:57
  Speaker 1: at the game developer site. Epic Games of officially now
• 12:00
  Speaker 1: cool with using a lot of their past games and
• 12:04
  Speaker 1: archiving them. So I'm kind of curious if they were
• 12:06
  Speaker 1: to archive some of these you put these on the blockchain, eventually,
• 12:09
  Speaker 1: I would think they could possibly go to the blockchain.
• 12:12
  Speaker 1: There's a possibility of bringing a lot of those old
• 12:14
  Speaker 1: games into Web three environments, much like what you guys
• 12:18
  Speaker 1: are doing with mythical games. Do you see that as
• 12:21
  Speaker 1: maybe a future opportunity down.
• 12:23
  Speaker 2: The road with some of these older games.
• 12:25
  Speaker 5: Yeah, I think definitely, definitely, And I think there's you know,
• 12:27
  Speaker 5: it's really interesting. You kind of mentioned that the Polystream
• 12:29
  Speaker 5: Tech we put out a demo out there, and I
• 12:31
  Speaker 5: think you might have shown a clip of it. We
• 12:32
  Speaker 5: haven't actually publicly really put it out there outside of
• 12:35
  Speaker 5: a few talks. But what I wanted to do with
• 12:37
  Speaker 5: Polystream as an example, right is Okay, everybody talks about
• 12:40
  Speaker 5: this metaverse concept, right and to me, metaverse could be
• 12:43
  Speaker 5: red blocks right now.
• 12:44
  Speaker 4: Like some people's definition.
• 12:45
  Speaker 5: It could be you know, epic unreal game engine, it
• 12:48
  Speaker 5: could be all types of things, and for me, it's
• 12:50
  Speaker 5: three D meets three D and the consumers control it, right,
• 12:53
  Speaker 5: And so to me, we did a demo with Polystream
• 12:56
  Speaker 5: that was really fascinating.
• 12:57
  Speaker 4: Right, there's two major game engines in the.
• 12:58
  Speaker 5: World, there's Unity and Under and we want to do
• 13:01
  Speaker 5: a demo saying what if we could actually have you
• 13:04
  Speaker 5: walk from one game to another game completely seamlessly, and
• 13:08
  Speaker 5: then ultimately a web three D becomes your identity right
• 13:11
  Speaker 5: as I move from one experience to another experience across
• 13:13
  Speaker 5: different game engines.
• 13:15
  Speaker 4: That's the connective tissue that.
• 13:16
  Speaker 5: You own, right, And I think that was a powerful
• 13:19
  Speaker 5: demo to where literally we have a demo of our game, Blancos.
• 13:21
  Speaker 5: It's immunity. Inside of Blancos. There's there's a kind of
• 13:24
  Speaker 5: a porl that opens doctor Stream style and you can
• 13:27
  Speaker 5: literally walk into the other game without ever leaving the
• 13:30
  Speaker 5: game client.
• 13:30
  Speaker 4: I didn't have anything downloaded, and I can walk from
• 13:32
  Speaker 4: one world to another.
• 13:33
  Speaker 5: So that's kind of our view is that ultimately the
• 13:36
  Speaker 5: connective tissue for us is that Web three credentials, right,
• 13:40
  Speaker 5: it's having your key there. I think for companies like
• 13:44
  Speaker 5: Epic and Roadblocks, they just have a little bit different
• 13:45
  Speaker 5: perspective of it right now, Right for Epic, it's more
• 13:48
  Speaker 5: the unreal engine is the key. It's the key connector roblocks,
• 13:51
  Speaker 5: it's your account and your your avatars. That's the key.
• 13:54
  Speaker 5: So I think everybody has a little different opinion. Our
• 13:56
  Speaker 5: opinion is it should be open and should it shouldn't
• 13:58
  Speaker 5: be limited to any element platform, any wallet. Eventually, you know,
• 14:02
  Speaker 5: it's really becomes a way for users to control that,
• 14:05
  Speaker 5: and that's kind of the direction we're hoping to take
• 14:06
  Speaker 5: poly streaming.
• 14:07
  Speaker 1: Yeah, in the clip we showed of Luca, he you know,
• 14:10
  Speaker 1: he mentioned the idea of distribution coming through the majors.
• 14:13
  Speaker 2: He mentioned Netflix.
• 14:15
  Speaker 1: Obviously, you guys' experience with Amazon, especially with Blancos, what
• 14:20
  Speaker 1: about future projects with someone like an Amazon, especially now
• 14:24
  Speaker 1: that they were doing a lot more cloud gaming, and
• 14:26
  Speaker 1: this seems to be a natural evolution of where some
• 14:29
  Speaker 1: of the projects that you're working on could go.
• 14:31
  Speaker 5: Yeah, definitely, And we've we've had a lot of you know,
• 14:33
  Speaker 5: there's there's a lot of a lot of Amazon to
• 14:35
  Speaker 5: do with, right there's a lot of different phases of Amazon.
• 14:37
  Speaker 5: You know, we were one of the first ones to
• 14:39
  Speaker 5: integrate with Twitch. They allowed us to do kind of
• 14:40
  Speaker 5: an NFT drop in with Twitch with Blancos back in
• 14:43
  Speaker 5: the day, so we had a big integration with them.
• 14:45
  Speaker 5: We've had integrations with Amazon Prime Gaming. We've traditionally stayed
• 14:48
  Speaker 5: on their gaming side. I think Amazon's still trying to
• 14:50
  Speaker 5: figure out the exact strategy of how they want to
• 14:52
  Speaker 5: attack gaming, which is great, but you know, we're we're
• 14:56
  Speaker 5: We're always open ideas there. I think Amazon's always going
• 14:58
  Speaker 5: to be a powerhouse and always going to be somebody
• 15:00
  Speaker 5: want to pay attention to for entertainment.
• 15:02
  Speaker 1: Talk to me about where NFL Rivals is right now.
• 15:05
  Speaker 1: Obviously very well accepted. This is one of the I
• 15:08
  Speaker 1: think the winners of what you guys have been able
• 15:10
  Speaker 1: to do and probably has put you on the map. Here,
• 15:13
  Speaker 1: give me a breakdown of what you see happening, especially
• 15:16
  Speaker 1: around sports entertainment.
• 15:18
  Speaker 5: Yeah, so Rivals has been an amazing, amazing franchise for us.
• 15:22
  Speaker 5: It will be a franchise. I'll leave I'll leave you
• 15:24
  Speaker 5: out a little information there, so we're talking to you
• 15:27
  Speaker 5: right now. But what's really really fascinating about NFL was
• 15:31
  Speaker 5: really a couple of things. A'll just throws some data
• 15:32
  Speaker 5: at to which was the most impressive is last year,
• 15:35
  Speaker 5: our first year we launched Rivals, we ended up getting
• 15:38
  Speaker 5: close to five five million players in the game. So
• 15:40
  Speaker 5: to put that in perspective, Madden is kind of the incumbent.
• 15:43
  Speaker 5: They've been around for what I think thirty six thirty
• 15:45
  Speaker 5: seven years now, in a long time, and they're sitting
• 15:48
  Speaker 5: about on the mobile side, at least, they're sitting about
• 15:50
  Speaker 5: twenty five million players a year, and we've come in at,
• 15:52
  Speaker 5: you know, five to six million already in fourteen months,
• 15:55
  Speaker 5: so we've taken a little over twenty percent, are grown
• 15:57
  Speaker 5: about twenty percent of their market share, which is great
• 15:59
  Speaker 5: and overlap so but we've been able to get there
• 16:02
  Speaker 5: within twelve to fourteen months, so that's really exciting the
• 16:05
  Speaker 5: other part that's been really exciting too is we did
• 16:07
  Speaker 5: bring a new game in the genre with the NFL
• 16:10
  Speaker 5: that does have a Web three component, right, And what's
• 16:13
  Speaker 5: awesome about that is, you know, users will come up
• 16:16
  Speaker 5: with their own ratings, right and right now we're sitting
• 16:17
  Speaker 5: at about a four point eight star in the app
• 16:19
  Speaker 5: Store and they're sitting at a four point seven, And
• 16:21
  Speaker 5: really what that means besides the fact that level, we're
• 16:24
  Speaker 5: the tenth of.
• 16:24
  Speaker 4: A point ahead of them.
• 16:25
  Speaker 5: Besides that that what it really means tho as users
• 16:27
  Speaker 5: are accepting the ideas of Web three.
• 16:29
  Speaker 4: Right.
• 16:29
  Speaker 5: This is hundreds of thousands of reviews by consumers and
• 16:32
  Speaker 5: we're rated higher than the incumbent, right, So basically means
• 16:36
  Speaker 5: if you do it right and you integrate it with
• 16:38
  Speaker 5: value consumers, we'll definitely get behind it, which is exciting
• 16:41
  Speaker 5: the other person. This is really fascinating is last year,
• 16:43
  Speaker 5: in our first year, about twenty percent of our revenue
• 16:46
  Speaker 5: came from the Web three trading side right where people
• 16:48
  Speaker 5: are trading items with each other, and about eighty percent
• 16:50
  Speaker 5: came from the traditional.
• 16:52
  Speaker 4: Apple Google in app purchases.
• 16:54
  Speaker 5: This year is a little bit different, right, It's now
• 16:55
  Speaker 5: almost seventy percent is coming from Web three from the
• 16:58
  Speaker 5: same user base, and twenty or thirty percents coming from
• 17:01
  Speaker 5: Web two.
• 17:02
  Speaker 4: So why is that? Right?
• 17:04
  Speaker 5: And I think this is the key innovation that NFL's
• 17:06
  Speaker 5: allowed us to do. And we'll be bringing this to
• 17:08
  Speaker 5: pudget Party and a new sports title and a bunch
• 17:10
  Speaker 5: of things we're bringing out in the future. Here it's
• 17:13
  Speaker 5: really a concept called quick trade. So quick trade for us,
• 17:15
  Speaker 5: if you look at every game over the last twenty years,
• 17:18
  Speaker 5: if you look at the peer to peer trading, right,
• 17:20
  Speaker 5: there's always two windows, right.
• 17:21
  Speaker 4: One is this is what I want and this is
• 17:24
  Speaker 4: what I'll give you.
• 17:25
  Speaker 5: It's not bids an ask and floor prices and collection
• 17:28
  Speaker 5: values and what's the token trading at right now, it's
• 17:31
  Speaker 5: this is what I want and this.
• 17:32
  Speaker 4: Is what I'll give you.
• 17:33
  Speaker 5: So what we've been able to do with that we
• 17:35
  Speaker 5: introduced a patented tech we call quick trades. So in
• 17:38
  Speaker 5: our game NFL, if I wanted Patrick Mahomes or I
• 17:41
  Speaker 5: wanted Travis Kelcey, he's not for sale right now. The
• 17:43
  Speaker 5: only way I can get him is from somebody else.
• 17:45
  Speaker 5: And some of those do get up there. We're not
• 17:47
  Speaker 5: selling fifty thousand dollars digital items. Generally, we're selling you know,
• 17:51
  Speaker 5: twenty thirty on average. Maybe I get up to the
• 17:53
  Speaker 5: few hundreds, so i'll take the more extremely like a
• 17:55
  Speaker 5: Patrick Mahomes might be five hundred dollars. Well, there's most
• 17:58
  Speaker 5: gamers will not put five hundred dollars on their credit
• 18:00
  Speaker 5: card or crypto they just they're not financial traders, they're
• 18:03
  Speaker 5: not crypto traders. And it's hard for somebody to put
• 18:07
  Speaker 5: five hundred bucks on a credit card for a digital abum.
• 18:09
  Speaker 5: So we added a concept to mimic how gamers trade,
• 18:12
  Speaker 5: called quick trades, to where now I can say I'm
• 18:14
  Speaker 5: gonna put Patrick Mahomes, he's five hundred dollars, and then
• 18:17
  Speaker 5: the other side of the screen shows up of all
• 18:19
  Speaker 5: the digital assets I do own, and I can start
• 18:21
  Speaker 5: checking them off. So I always seem to offend somebody
• 18:23
  Speaker 5: with this, but I'll say I'm gonna pick some of
• 18:24
  Speaker 5: the Green Bay Packers. I don't want the packers anymore.
• 18:26
  Speaker 5: I picked five Green Bay Packers saying hey, I'm ready
• 18:28
  Speaker 5: to get rid of these. And what our tech does
• 18:31
  Speaker 5: is it basically prices them in real time, so it's
• 18:34
  Speaker 5: getting active bids from the marketplace and it's priced them
• 18:36
  Speaker 5: in real time. So if I say, cool, five hundred
• 18:40
  Speaker 5: dollars on this side, I can hit trade. I as
• 18:42
  Speaker 5: a player now have received Patrick Mahomes and I got
• 18:45
  Speaker 5: rid of my five Green Bay Packers. No money exchanged hands, right,
• 18:50
  Speaker 5: But what we actually did behind the scenes is we
• 18:51
  Speaker 5: pulled all the cohorts together into one Atomic Web three transaction.
• 18:55
  Speaker 5: So we real time bought from the homes from one seller,
• 18:58
  Speaker 5: and we real time sold those five.
• 19:00
  Speaker 4: Green Bade Packers to five different buyers. That part has
• 19:02
  Speaker 4: been revolutionary.
• 19:03
  Speaker 5: We've seen massive growth because now we're we're transacting the
• 19:07
  Speaker 5: way gamers transacting games and adding that web free component
• 19:12
  Speaker 5: to bring value to the player, the game developer, everybody involved.
• 19:18
  Speaker 2: Yeah, I think that kind of strategy.
• 19:20
  Speaker 1: You look at just the amount of in game assets
• 19:22
  Speaker 1: that are going to be generated, that's a great ability
• 19:25
  Speaker 1: to be able to kind of manipulate the marketplace, so
• 19:27
  Speaker 1: to speak, for you know, high level assets like call
• 19:30
  Speaker 1: what you're talking about and explaining there wow, so that
• 19:33
  Speaker 1: and that's available right now the NFL.
• 19:36
  Speaker 5: Okay, so we kind of put a routed out of
• 19:38
  Speaker 5: kind of January February, right before the playoffs, and the
• 19:41
  Speaker 5: reason again, it just took us a while to kind
• 19:43
  Speaker 5: of get get it out there. But now that it's
• 19:44
  Speaker 5: out there in season two, it's it's a big percentage
• 19:46
  Speaker 5: of revenue growing.
• 19:47
  Speaker 1: Interesting, Okay, I was looking over on your your site
• 19:50
  Speaker 1: on one of the posts that you guys had put up,
• 19:52
  Speaker 1: and there was a statement in here that I thought
• 19:54
  Speaker 1: was interesting. Let me kind of zoom up on this
• 19:56
  Speaker 1: for our viewers. Most players use Fiat currency purchase digital
• 20:00
  Speaker 1: asset secondary market by behind the scenes.
• 20:03
  Speaker 2: Uh, this is done.
• 20:04
  Speaker 1: Through a licensed third party entity. I want to find
• 20:06
  Speaker 1: out what that is, and that fiat is exchange for
• 20:09
  Speaker 1: native myth. So explain that sentence right there, because this
• 20:14
  Speaker 1: is a very intriguing idea.
• 20:17
  Speaker 4: So this has allowed us to work with the Apples
• 20:20
  Speaker 4: and Googles.
• 20:21
  Speaker 5: You know, I think we're the only approved secondary market
• 20:23
  Speaker 5: solution in games by Apple and Google. So most people
• 20:27
  Speaker 5: have to do the secondary outside of the game. We
• 20:28
  Speaker 5: can actually do it directly in the game itself. So
• 20:31
  Speaker 5: how do we do that? Right, Well, we're not letting
• 20:33
  Speaker 5: you buy the crypto and things like that right in
• 20:35
  Speaker 5: the game directly, right, there's all types of rules and
• 20:37
  Speaker 5: regulations around how do you kind of exchange exchange any
• 20:41
  Speaker 5: type of value. So what we've basically done is we've
• 20:43
  Speaker 5: we've taken a virtual currency in the game. So so
• 20:47
  Speaker 5: if you buy an item, it's the same items available
• 20:49
  Speaker 5: from NFL. You can buy them a web or buy
• 20:52
  Speaker 5: through buy through a marketplace, you can buy them in
• 20:54
  Speaker 5: the game, but it's through a virtual currency. And so
• 20:55
  Speaker 5: what we do is we actually you buy that virtual
• 20:57
  Speaker 5: currency through the game itself.
• 20:59
  Speaker 4: It sits in an.
• 21:00
  Speaker 5: Out home and then basically in real time, as I'm
• 21:03
  Speaker 5: going to use that currency. It gets converted through a
• 21:06
  Speaker 5: license partner that has all the regular all the licenses,
• 21:08
  Speaker 5: all the MTLs, all the Ebank licenses, all that. They
• 21:11
  Speaker 5: actually take the money, convert it into the currency, and
• 21:14
  Speaker 5: then the smart contract takes it and interacts with it.
• 21:17
  Speaker 4: So kind of a.
• 21:19
  Speaker 5: Just in time exchange when it needs to be online chain,
• 21:23
  Speaker 5: it'll do that work for you. And we've done that
• 21:25
  Speaker 5: and it's allowed us to kind of work very heavily
• 21:26
  Speaker 5: with Apple and Google and again it's it's a very
• 21:29
  Speaker 5: seamless process for consumers. They can just come in and transact.
• 21:32
  Speaker 1: You know, man, you guys are into a lot of
• 21:36
  Speaker 1: things right now. I mean you've got a lot a
• 21:38
  Speaker 1: lot going under the hood too. I want to jump
• 21:40
  Speaker 1: over to this one. This is Nitro Nation. This is
• 21:43
  Speaker 1: just showing some of the potential here of where we
• 21:46
  Speaker 1: see the racing ecosystem. You look at, you know, projects
• 21:50
  Speaker 1: like rev many of those. What about potential collaborations with
• 21:54
  Speaker 1: some of those kinds of projects that are out there
• 21:56
  Speaker 1: right now doing very well.
• 21:58
  Speaker 4: Yeah.
• 21:58
  Speaker 5: So so Nitro Nation is the first game that's built
• 22:00
  Speaker 5: on the mythical platform. So the games you talked about
• 22:02
  Speaker 5: kind of Blancos and even Pudging Party and NFL. We're
• 22:06
  Speaker 5: involved in the development as well, and we call that
• 22:07
  Speaker 5: Mythical Studios. Mythical Platform is basically the same business model
• 22:12
  Speaker 5: used by the third parties and Nitro Nation is the
• 22:14
  Speaker 5: first title that went on on the Mythical platform, so
• 22:16
  Speaker 5: they're still using the Mythos chain. It uses the myth
• 22:19
  Speaker 5: of token, the mid token. It used the Mythical marketplace, but.
• 22:22
  Speaker 4: We didn't make this game.
• 22:23
  Speaker 5: What I love about seem Games the game is getting
• 22:25
  Speaker 5: ready to kind of really take off. It's still in
• 22:27
  Speaker 5: soft launch right now. The game is going to go big,
• 22:30
  Speaker 5: basically in Q one, and it's a beautiful game. Seem
• 22:33
  Speaker 5: Games is that they're experts in card games. Their last
• 22:35
  Speaker 5: game and also called Nitronation. It was called Nitronation Dragon Drift.
• 22:39
  Speaker 5: That game had about eighty million plus players in it.
• 22:42
  Speaker 5: So we're excited that we have very reputable, strong game
• 22:46
  Speaker 5: developers now that are building and bringing their games into
• 22:49
  Speaker 5: this ecosystem. So it's a great game. I think we've
• 22:51
  Speaker 5: also helped them a little bit on the publishing side.
• 22:53
  Speaker 5: We're helping them get through some of this because it's
• 22:55
  Speaker 5: still fairly new on the web. Three but yeah, I
• 22:57
  Speaker 5: think they already already have about I want to say,
• 22:59
  Speaker 5: it's well over one hundred cars licensed for that game.
• 23:02
  Speaker 5: And you can also see there's a lot of creativity.
• 23:04
  Speaker 5: You can mix and matches well and customize your cars
• 23:07
  Speaker 5: to your heart content. And I think that lends itself
• 23:10
  Speaker 5: very well to the concepts of Web three and digital
• 23:12
  Speaker 5: identity and all those principles.
• 23:14
  Speaker 4: It works great.
• 23:15
  Speaker 5: And that's one thing I'd love to kind of say
• 23:17
  Speaker 5: real quick, if it's okay. Is that so many people
• 23:20
  Speaker 5: I think in Web three to always talk about games
• 23:24
  Speaker 5: and Web three is all about profit, it's all about
• 23:26
  Speaker 5: buying and selling and players making money and all that.
• 23:29
  Speaker 4: I don't think that's really the case.
• 23:30
  Speaker 5: I think if you think about the last ten or
• 23:32
  Speaker 5: fifteen years of games, it's about identity, right, think about roadblocks,
• 23:36
  Speaker 5: Even about Call of Duty, a game I used to
• 23:38
  Speaker 5: be involved with and worked on, is it's peacocking, right
• 23:43
  Speaker 5: if you want to have the coolest stuff because it's
• 23:44
  Speaker 5: part of your identity. And we're seeing that same thing
• 23:46
  Speaker 5: in Web three. The difference is is in an open
• 23:49
  Speaker 5: ecosystem like that, the community is valuing it for you, right.
• 23:53
  Speaker 5: So we've seen all the kind of Magian. If I
• 23:55
  Speaker 5: got a Travis Kelsey card that I earned in the game,
• 23:58
  Speaker 5: that's sellable, I see everyone'll say it's going for one
• 24:01
  Speaker 5: thousand dollars. The community is valuing that, the open ecosystems
• 24:04
  Speaker 5: valuing that. And it's not that you see everybody rush
• 24:06
  Speaker 5: off and try and sell it for a thousand dollars.
• 24:08
  Speaker 4: Right.
• 24:10
  Speaker 5: We see a lot of people that are like, oh,
• 24:11
  Speaker 5: my collection value just went by thousand dollars, right. So
• 24:13
  Speaker 5: it becomes kind of this extended value of your digital identity,
• 24:17
  Speaker 5: and I think that's where it gets becomes very powerful
• 24:19
  Speaker 5: and things like racing and all of these very social games.
• 24:23
  Speaker 4: It's going to be a big driver of like this
• 24:25
  Speaker 4: is valuable to me.
• 24:26
  Speaker 1: I'm looking of this is just a call of duty,
• 24:28
  Speaker 1: integrating a little bit of some of the scenarios that
• 24:33
  Speaker 1: you're talking about, which is could be we could see
• 24:34
  Speaker 1: tokens and all sorts of things going in on that
• 24:37
  Speaker 1: I want to I want to talk a little bit
• 24:39
  Speaker 1: about because I think you know the fact that you've
• 24:42
  Speaker 1: got a platform here, are you seeing a lot more
• 24:44
  Speaker 1: developers starting.
• 24:45
  Speaker 2: To come on. I was looking on your website. I
• 24:47
  Speaker 2: think it was let's go over to that section right here.
• 24:50
  Speaker 1: Yeah, so there's Ubisoft, there was a game developers, Marble X,
• 24:54
  Speaker 1: you know, et cetera. What about the potential of expanding
• 24:58
  Speaker 1: upon this. Are there more partners lined up? What's going
• 25:01
  Speaker 1: on there.
• 25:01
  Speaker 5: That's one of the most exciting things I've seen over
• 25:03
  Speaker 5: the last twelve months is that, you know, I think
• 25:06
  Speaker 5: for some game developers that are like you know, they're
• 25:09
  Speaker 5: slow to move and because games are really really tough
• 25:11
  Speaker 5: to make. Games are very hard to make, they're harder
• 25:14
  Speaker 5: to ship, and they're even harder to keep out and
• 25:16
  Speaker 5: keep them profitable. Right, So there's not a lot of
• 25:18
  Speaker 5: ideas that usually hit a new game. It's kind of
• 25:20
  Speaker 5: like you hear this all the time right now it's Fortnite,
• 25:22
  Speaker 5: Like we're building a Fortnite meets this right, or we're
• 25:25
  Speaker 5: being a Soul's like game that does this right. There's
• 25:27
  Speaker 5: a reason for that because it's it's a slow innovation path.
• 25:31
  Speaker 5: But what we have seen is now we're seeing games
• 25:32
  Speaker 5: like NFL Rivals that are seeing sixty five percent more
• 25:35
  Speaker 5: revenue from Web three. That's waking people up super fast.
• 25:39
  Speaker 5: And I think what we're seeing now is I think
• 25:40
  Speaker 5: we're seeing the big game developers now are starting to
• 25:43
  Speaker 5: be like, huh, this is real. This isn't a gimmick.
• 25:46
  Speaker 5: This actually can have real effects, and consumers are actually
• 25:49
  Speaker 5: accepting it, right. And I think, as I mentioned before
• 25:51
  Speaker 5: that that rating in the app Store, I think that's
• 25:53
  Speaker 5: one of the most important things for game developers is
• 25:55
  Speaker 5: they don't want to put out a game and they
• 25:57
  Speaker 5: get one one star because it looks like some you know,
• 26:00
  Speaker 5: a weird scam, right, But we're seeing it now, hundreds
• 26:03
  Speaker 5: of thousands of reviews, millions of players, significant increases in revenue.
• 26:07
  Speaker 4: We're now starting to see the real game developers get
• 26:09
  Speaker 4: behind this way. Yeah.
• 26:10
  Speaker 2: I think, well, this is a huge breakthrough.
• 26:11
  Speaker 1: I think this is an opportunity that we are going
• 26:14
  Speaker 1: to see a lot more major game dev starting to
• 26:17
  Speaker 1: come into this place. And you know, we've already seen
• 26:19
  Speaker 1: some you know, big wins over on even if you
• 26:21
  Speaker 1: look at the Avalanche ecosystem, with what they've done with
• 26:23
  Speaker 1: Off the Grid.
• 26:24
  Speaker 2: I mean, there's a lot happening right now. Do you
• 26:27
  Speaker 2: think this is the cycle right now? John?
• 26:29
  Speaker 1: I mean, as far as people really exploring the Web
• 26:33
  Speaker 1: three foundation.
• 26:34
  Speaker 4: Yeah, I think so.
• 26:36
  Speaker 5: I think, you know, it depends on the cycle you're
• 26:38
  Speaker 5: talking about, Right, the token cycle seems to go with
• 26:40
  Speaker 5: whatever the token cycle goes with, right, it seems to
• 26:42
  Speaker 5: be very heavy, still focused on things like mean coins
• 26:44
  Speaker 5: and all like that. We're using the slogan fundamentals matter, right,
• 26:48
  Speaker 5: And I really do believe fundamentals matter.
• 26:51
  Speaker 4: Right.
• 26:51
  Speaker 5: We've been saying to kind of follow the player's fundamentals matter,
• 26:54
  Speaker 5: and I think that's important for this next cycle, right
• 26:57
  Speaker 5: where where there's real consumers driving value, there's real consumers
• 27:01
  Speaker 5: that are buying a token behind the scenes for regardless
• 27:03
  Speaker 5: of the price, because they just want to buy, you know,
• 27:06
  Speaker 5: a football player or a pudge of penguin or whatever. Right,
• 27:09
  Speaker 5: when you can get those consumers into the millions or
• 27:11
  Speaker 5: tens of millions or eventually hundreds of millions that are
• 27:13
  Speaker 5: participating in those economies, fundamentals.
• 27:16
  Speaker 4: Matter, right, And I think for sure fundamentals in a
• 27:19
  Speaker 4: major way.
• 27:20
  Speaker 1: Speaking of fundamentals, obviously, when you guys leaped over onto
• 27:24
  Speaker 1: Polka Dot, and I think the opportunity here is pretty
• 27:26
  Speaker 1: big when you look at the scalability of what this
• 27:30
  Speaker 1: chain offers, the potential for roadmap, what does that look
• 27:34
  Speaker 1: like for you guys? Now? Has it opened up an
• 27:36
  Speaker 1: opportunity map for you guys that maybe didn't exist before.
• 27:40
  Speaker 1: What are some of the key things that you feel
• 27:42
  Speaker 1: is going to kind of come from this?
• 27:44
  Speaker 4: Yeah, we got in this question a lot.
• 27:46
  Speaker 5: I actually, like I said it, from from a technology perspective,
• 27:49
  Speaker 5: I think Polka Dot's the best best game in town,
• 27:51
  Speaker 5: you know, I think I think from an actual innovation
• 27:53
  Speaker 5: at what they're doing, I think it's the best game
• 27:54
  Speaker 5: in town. And and I think, you know, they have
• 27:57
  Speaker 5: some challenges too that they're not a heavily marketed chain.
• 28:00
  Speaker 5: You know, they're not kind of throwing out crazy amounts
• 28:03
  Speaker 5: of money to two different people to see what happens.
• 28:05
  Speaker 5: They're they're being very smart and they have a very
• 28:07
  Speaker 5: large treasury, but they're being very calculated on how they
• 28:10
  Speaker 5: do it. I think that's the right way to go personally.
• 28:13
  Speaker 5: But from a type of perspective, I think not only
• 28:14
  Speaker 5: are they there now, but I think Gavin is already
• 28:18
  Speaker 5: kind of way ahead at Whereaby's going next. Right, And
• 28:20
  Speaker 5: I think you'll see a lot there's a lot of
• 28:22
  Speaker 5: people kind of copying the concepts of what they start with.
• 28:24
  Speaker 4: Para chains, right, the whole super chain, super Nuts.
• 28:27
  Speaker 5: Pokaon kind of did it first, right, Pocodon and Cosmos
• 28:29
  Speaker 5: were probably the original two, so they're while they're kind
• 28:32
  Speaker 5: of catching out, I think Pogada's and moving on to
• 28:33
  Speaker 5: the next generation this whole concept of JAM, and that
• 28:36
  Speaker 5: really because as I mentioned before, remember, if you start
• 28:38
  Speaker 5: thinking about not just defying gaming, you start thinking about
• 28:41
  Speaker 5: decentralized social and decentralized compute power and decentralized in cloud serving.
• 28:47
  Speaker 4: Where Gavin's taking JAM is really.
• 28:50
  Speaker 5: It's a supercomputer, right, It's a decentralized AWS honestly, more
• 28:54
  Speaker 5: so than just a decentralized DeFi chain, and I believe
• 28:57
  Speaker 5: very much in my vision, and that's really one of
• 28:59
  Speaker 5: the reasons we chose rights. We don't view this as
• 29:01
  Speaker 5: just marketplace transactions for gaming. We view it as all
• 29:04
  Speaker 5: of these systems coming together and letting the player have
• 29:07
  Speaker 5: the keys of the kingdom, right.
• 29:10
  Speaker 2: Right, Well, that's a huge evolution.
• 29:12
  Speaker 1: I think that a lot of people are starting to
• 29:14
  Speaker 1: finally get their heads around, you know, not only in
• 29:16
  Speaker 1: the business side, you know, of productivity, but obviously gaming
• 29:20
  Speaker 1: is a big part of this, but there'll be other
• 29:22
  Speaker 1: you know, categories in markets out there around business that
• 29:25
  Speaker 1: understand what decentralized cloud computer are going to look like,
• 29:28
  Speaker 1: especially as we see Web three kind of make its
• 29:32
  Speaker 1: mark on this point for sure. Last topic to you,
• 29:35
  Speaker 1: when is the next air drop? So we had we
• 29:39
  Speaker 1: were looking at Mythical Force. You guys had a lot
• 29:41
  Speaker 1: of air drop, so next lot.
• 29:45
  Speaker 5: These are those things that it's it's always a little
• 29:48
  Speaker 5: uncomfortable for us because we hadn't seen this in Web
• 29:49
  Speaker 5: two before, and I hadn't seen this kind of We
• 29:51
  Speaker 5: realy did one.
• 29:53
  Speaker 4: It worked well.
• 29:53
  Speaker 5: I think we had at a lot of great stuff
• 29:55
  Speaker 5: happening there. I think the next one is going to
• 29:56
  Speaker 5: be more focused on games. You know, we definitely want
• 29:58
  Speaker 5: to do enough on you know, people actually interacting with it.
• 30:01
  Speaker 5: I think I think all of these projects you end
• 30:03
  Speaker 5: up seeing this crazy concept of farming and people trying
• 30:06
  Speaker 5: to scam the system a little bit. So we definitely
• 30:09
  Speaker 5: got a handful of people trying to manipulate the system
• 30:11
  Speaker 5: and we learned a lot from that. But the next
• 30:12
  Speaker 5: one will be very much focus on games. We have
• 30:14
  Speaker 5: so many great games coming, We have so many game
• 30:16
  Speaker 5: developers that are now starting to build on myth And
• 30:18
  Speaker 5: what I love about it is it always coming through
• 30:21
  Speaker 5: the Mythos chain. It's all using the myth token.
• 30:23
  Speaker 4: So Pudgy and a new.
• 30:24
  Speaker 5: Sports game we're going to be announcing soon, and NFL
• 30:27
  Speaker 5: and Blancos they all use the same tech behind the scenes.
• 30:30
  Speaker 5: And not only just us, there's thirty two other companies
• 30:33
  Speaker 5: that have joined Mythos already in various stages. Right, So,
• 30:37
  Speaker 5: you know, I'm not a big fan of kind of
• 30:38
  Speaker 5: single game tokens. I don't think they have staying power
• 30:40
  Speaker 5: if you're just one token. I believe very heavily in
• 30:43
  Speaker 5: ecosystem tokens, and that's kind of what we're trying to
• 30:45
  Speaker 5: do with Mythos chain and the myth token is really
• 30:48
  Speaker 5: having this concept that everybody can play together and everybody
• 30:50
  Speaker 5: can define where we go as a group, whether it's
• 30:53
  Speaker 5: social gaming, game economies or eventually cloud gaming ecosystems.
• 30:58
  Speaker 1: Yeah, Kathy Wood has to be excited about that. That's
• 31:00
  Speaker 1: a lot on the table in terms of potential growth here.
• 31:04
  Speaker 5: So the biggest part we love Kathy and and you know, honestly,
• 31:09
  Speaker 5: I think she sees it. I think that's what I
• 31:10
  Speaker 5: love about her is she sees the future. She sees
• 31:13
  Speaker 5: how this can play together. Now, you know, we're being
• 31:15
  Speaker 5: very cautious and we're doing step at a time, we're
• 31:17
  Speaker 5: not launching it all at once, but that's definitely the vision.
• 31:19
  Speaker 5: And I think what you'll see is you'll see these
• 31:21
  Speaker 5: three kind of trifectas of technology start piecing together. And
• 31:25
  Speaker 5: I think what will happen is when that last piece
• 31:27
  Speaker 5: kind of clicks in, everybody's going to.
• 31:28
  Speaker 4: Be like, oh my god, that's crazy, you know.
• 31:31
  Speaker 5: And we're kind of bringing that industry experience and working
• 31:34
  Speaker 5: on how do we do it next best?
• 31:36
  Speaker 1: So what is your thoughts on how that might cycle
• 31:39
  Speaker 1: through in terms of some of the big investors that
• 31:41
  Speaker 1: could be coming into this next phase.
• 31:44
  Speaker 5: Yeah, I think it's I think it is fascinating. I
• 31:46
  Speaker 5: think I think this is also where, you know, there's
• 31:48
  Speaker 5: been some projects. One of my good friends is with
• 31:50
  Speaker 5: the Ocean Protocol and they have this kind of new
• 31:51
  Speaker 5: fetch token, that super token across AI.
• 31:54
  Speaker 4: I think that's really innovative.
• 31:55
  Speaker 5: There's some interesting concepts there, like how do you create
• 31:57
  Speaker 5: supertokens or have networks.
• 31:59
  Speaker 4: Again, we're kind of doing that.
• 32:00
  Speaker 5: With the mid token now, and we're kind of slow
• 32:02
  Speaker 5: and steady, right It's where we're proving it out. We're
• 32:04
  Speaker 5: proving it out with real fundamentals, and I think that's key.
• 32:07
  Speaker 5: You know, we just have a new Dow governance proposal
• 32:10
  Speaker 5: that now has a deflationary supply, right, so we're collecting
• 32:13
  Speaker 5: gas fees. We now have enough players in the millions
• 32:15
  Speaker 5: of players to really make macro decisions in terms of
• 32:18
  Speaker 5: what's the right gas fees for this right, what's the
• 32:20
  Speaker 5: right things that aren't going to bankrupt the chain, bankrupt
• 32:23
  Speaker 5: the developer, bankrupt the consumer.
• 32:25
  Speaker 4: Right. I mean it's really now we want to make
• 32:27
  Speaker 4: sure it's a balanced ecosystem. And I think we have that.
• 32:29
  Speaker 4: So we just announced, you know, we're seven x that's
• 32:31
  Speaker 4: the gas.
• 32:32
  Speaker 5: Fee because we you know, it's we got it too low, right,
• 32:35
  Speaker 5: So and then now we're going to be parting those
• 32:37
  Speaker 5: gas fees, right. So as we do things like that
• 32:39
  Speaker 5: and we change those tokenomics, you're going to see a
• 32:41
  Speaker 5: very advantageous I think we're going to have the first
• 32:44
  Speaker 5: deflationary game economy with the mid token and the myth
• 32:47
  Speaker 5: ecosystem that big investors can get behind, you know, they
• 32:50
  Speaker 5: can stay behind it, right and have it so it's
• 32:53
  Speaker 5: actually sustainable, right. And I think as we do that, Paul,
• 32:57
  Speaker 5: you're going to see all types of new investors jump
• 32:59
  Speaker 5: in because now was not just an asset class, but
• 33:01
  Speaker 5: they can really see the future and see what the
• 33:03
  Speaker 5: true value of that is. As we're bringing on hundreds
• 33:06
  Speaker 5: of lands consumers into the ecosystem.
• 33:08
  Speaker 1: That should do Yeah, that'll definitely no pun intend and
• 33:11
  Speaker 1: change the game for sure. I think we're in a
• 33:14
  Speaker 1: in a one of those cycles where just the innovation
• 33:16
  Speaker 1: is finally becoming a point where not only investors but players, economies,
• 33:21
  Speaker 1: brands are starting to realize, yeah, this is going to work.
• 33:24
  Speaker 1: So hey, John Linden, it's great having you on this
• 33:27
  Speaker 1: on the show. Thanks so much for stopping in today.
• 33:29
  Speaker 4: We appreciate it, all right, thanks for having me appreciate it,
• 33:32
  Speaker 4: you bet all right.
• 33:33
  Speaker 1: If you guys are not tuned in over on YouTube,
• 33:35
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• 33:37
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• 33:39
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• 33:42
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• 33:44
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• 33:46
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• 33:49
  Speaker 1: on x at Paul Baron. We'll catch you next time.
• 33:51
  Speaker 1: Right here on tech Path