Latest / The Paul Barron Crypto Show / Institutional Wake Up Call🚨Why Abtstract Shutdown is Actually Bullish🔥

Transcript

Institutional Wake Up Call🚨Why Abtstract Shutdown is Actually Bullish🔥 · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Abstract has just become the biggest wake-up call for institutions.
• 0:03
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• 0:06
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• 0:41
  Speaker 1: So make sure and check it out. Tell them we
• 0:43
  Speaker 1: sent you. We'll get into it today to break all
• 0:45
  Speaker 1: of this down. As you guys know, the announcement abstract
• 0:48
  Speaker 1: is winding down and it's happening right now. After almost
• 0:52
  Speaker 1: three years, they, of course, thrown in the towel. And
• 0:55
  Speaker 1: there's a lot of reasons why. So one of the
• 0:58
  Speaker 1: things that happens within these walled gardens is when you
• 1:01
  Speaker 1: see different tokens that ride within this platform, within this blockchain,
• 1:07
  Speaker 1: you can see it right here, guys. All of these tokens,
• 1:09
  Speaker 1: abstract tokens, absolutely getting cooked. And this is what's happening
• 1:13
  Speaker 1: right now. If you're holding any tokens within there and
• 1:16
  Speaker 1: you're trying to get out, now you've got to go
• 1:19
  Speaker 1: into one more step and be able to say, hey, listen,
• 1:23
  Speaker 1: I'm not going to sue you. It's the last checkmark.
• 1:26
  Speaker 1: I don't agree with any of these kind of things
• 1:27
  Speaker 1: in terms of tactics of doing this, but I understand
• 1:30
  Speaker 1: why it's being done. It's also in a position where
• 1:33
  Speaker 1: this essentially is is starting to roll into other parts
• 1:37
  Speaker 1: of the market. And remember, also, this news came out,
• 1:39
  Speaker 1: Google Cloud shutting down its blockchain node engine. This RPC
• 1:43
  Speaker 1: happens closing actually on December 15th. So what does this
• 1:47
  Speaker 1: mean for a lot of other L1s? Well, you've got
• 1:50
  Speaker 1: Blast also winding down, flipping over to Ethereum. Then, of course,
• 1:54
  Speaker 1: you've got issues happening right here where the SEC is starting,
• 1:58
  Speaker 1: and this is where institutions get in. This essentially is
• 2:01
  Speaker 1: where they're putting these ETFs on ice. And this is
• 2:04
  Speaker 1: a big problem because Canary, originally, Canary Capital was originally
• 2:08
  Speaker 1: going to launch the Pengu Fund. Now, of course, that
• 2:12
  Speaker 1: is all changing. And I think this is something that
• 2:15
  Speaker 1: will become a major wake-up call for these institutions. And
• 2:18
  Speaker 1: they're going to start looking at projects much closer when
• 2:22
  Speaker 1: it comes to things like this. And think about this.
• 2:25
  Speaker 1: It's not just Canary Capital. I mean, this has been
• 2:27
  Speaker 1: a lot of different institutions. You had Bitwise, head of Europe,
• 2:31
  Speaker 1: them going in on it. You had VanEck. Remember, they
• 2:34
  Speaker 1: were ringing the bell with the Penguin at the New
• 2:38
  Speaker 1: York Stock Exchange. So when you think about the institutions,
• 2:41
  Speaker 1: think of it this way, because they're having to talk
• 2:44
  Speaker 1: to clients about this. This, of course, major news. And
• 2:47
  Speaker 1: the question is going to come is why would we
• 2:49
  Speaker 1: get behind an L2 investment? in the beginning, if this
• 2:52
  Speaker 1: is the kind of potential issues that could happen. And
• 2:55
  Speaker 1: this has been pretty rampant in terms of institutional. So
• 2:58
  Speaker 1: I think the wake-up call is coming. Further into this,
• 3:03
  Speaker 1: you now, if you want to take a look at
• 3:05
  Speaker 1: all the ecosystem that's centering around this, now saying, hey,
• 3:09
  Speaker 1: you've got a home over on Robin Hood Chain. You've got,
• 3:12
  Speaker 1: of course, Starknecht saying, hey, builders and players who now
• 3:15
  Speaker 1: need a new home, no problem that you're going through this.
• 3:18
  Speaker 1: We're going to help you. Then you have InkChain going
• 3:21
  Speaker 1: after abstract friends, saying we welcome you guys into InkChain
• 3:25
  Speaker 1: projects and builders, holders, traders. You can kind of get
• 3:28
  Speaker 1: to it. This was a big, big issue that starts
• 3:31
  Speaker 1: to play out into the rest of the market. So
• 3:33
  Speaker 1: what I think is going to happen with Luke Annette's first,
• 3:35
  Speaker 1: I think he is going to kind of ignore a
• 3:37
  Speaker 1: lot of that FUD that's happening right now on crypto Twitter.
• 3:41
  Speaker 1: And he's going to go after the chains that are
• 3:44
  Speaker 1: ready for the agent economy. If you just look at
• 3:47
  Speaker 1: the agent economy and what is happening right now on
• 3:50
  Speaker 1: cumulative agent growth, you guys know where this is happening.
• 3:53
  Speaker 1: This is happening on Ethereum. The new Glamsterdam test ad
• 3:57
  Speaker 1: comes out. The upgrade is coming in October. This is
• 4:01
  Speaker 1: one of the factors I think that's going to explode
• 4:03
  Speaker 1: on Ethereum. You also have Solana already playing into this.
• 4:07
  Speaker 1: This is, I think, going to be one of the
• 4:08
  Speaker 1: biggest winners. And Solana is starting a, I think, maybe
• 4:13
  Speaker 1: a potential here. I don't know for sure if this
• 4:16
  Speaker 1: would be a good home for Pudgy Penguins, but it
• 4:18
  Speaker 1: might be. I'm not saying that that would be the case.
• 4:20
  Speaker 1: But you have to think about the opportunity here. And
• 4:23
  Speaker 1: imagine when you look at the institutions, what they're looking
• 4:27
  Speaker 1: at now, which is exactly the same thing. And I
• 4:30
  Speaker 1: think this is where we're going to go. Imagine also this.
• 4:34
  Speaker 1: When you look at the gaming economy, and this is
• 4:36
  Speaker 1: something that has really, I think, fallen on its face
• 4:39
  Speaker 1: when it comes to the crypto side of things. But
• 4:41
  Speaker 1: now with AI and what we're seeing with agent builds,
• 4:45
  Speaker 1: this is starting to change a lot. And this, of course,
• 4:48
  Speaker 1: was an entire Game Boy example being built from agents
• 4:52
  Speaker 1: inside of Twitter, where you guys can go out there
• 4:55
  Speaker 1: and play right there, just tap and move. This is
• 4:58
  Speaker 1: going to change gaming in general, I think, around how
• 5:01
  Speaker 1: this plays out. And there's two things to consider here.
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  Speaker 1: You've got one, The agentic economy that's going to help
• 5:07
  Speaker 1: with not only the gaming component, but also with, I think,
• 5:10
  Speaker 1: brand development that, of course, is going to be huge
• 5:13
  Speaker 1: for Pudgy. And I think the other factor is what
• 5:16
  Speaker 1: you're going to see with the ability to scale at
• 5:20
  Speaker 1: low cost. And that's where Avalanche is going to come in.
• 5:22
  Speaker 1: And I'll explain that in a second. One other note
• 5:25
  Speaker 1: is this right here. This is a good example of
• 5:27
  Speaker 1: an experiment. Playground is now an experimental gaming platform that
• 5:30
  Speaker 1: lets you create your own games with zero coding. Vibe
• 5:33
  Speaker 1: coding is basically coming to life here. And this is
• 5:36
  Speaker 1: going to, again, get back into the point where we
• 5:38
  Speaker 1: may see a complete renaissance around gaming. And imagine if
• 5:42
  Speaker 1: this starts to move also into the blockchain sphere. And
• 5:46
  Speaker 1: of course, the other platform that could benefit from this
• 5:49
  Speaker 1: is going to be Avalanche. This is a good example
• 5:52
  Speaker 1: of what Avalanche is doing right now. When you look
• 5:55
  Speaker 1: at Avalanche, and just so you know, guys, a subnet
• 5:57
  Speaker 1: on Avalanche is essentially your own L1. And you can
• 6:01
  Speaker 1: kind of see this right here where FIFA's in there.
• 6:04
  Speaker 1: You've got Blaze in there, a handful of them. But
• 6:06
  Speaker 1: the point is, is that imagine if you're building a game,
• 6:09
  Speaker 1: you want to be able to kind of control your
• 6:11
  Speaker 1: own infrastructure. You don't want to be able to fall
• 6:13
  Speaker 1: prey to something that's happened over on Solana or even
• 6:17
  Speaker 1: Ethereum because of something blowing up. So you need your
• 6:20
  Speaker 1: own essential network. And this is where I think Avalanche...
• 6:24
  Speaker 1: could play into this. So a lot of benefits here.
• 6:27
  Speaker 1: The Treasury CEO now warning that AI agents might strain
• 6:31
  Speaker 1: blockchain capacity. This gets back to the point that we've
• 6:33
  Speaker 1: talked about before. One of the reasons is going to
• 6:36
  Speaker 1: be this right here. This is the AVAX Treasury CEO
• 6:39
  Speaker 1: warning that AI agents may strain the blockchain capacity. And
• 6:42
  Speaker 1: what he said here is he argues that proliferating AI
• 6:46
  Speaker 1: agents will stress the shared blockchains, making Avalanche's subnet architecture
• 6:51
  Speaker 1: a competitive advantage over ETH and Solana. So Right there
• 6:54
  Speaker 1: you go. Avalanche C-chain now supporting ERC 8004. This only
• 6:59
  Speaker 1: gets bigger because the other thing is that if you
• 7:02
  Speaker 1: look at this, on launching a validator on Avalanche, this
• 7:07
  Speaker 1: is super cheap. Every Avalanche validator pays a small monthly
• 7:11
  Speaker 1: continuous fee in AVAX. So imagine builders out there, because
• 7:15
  Speaker 1: you think about just where Abstract has come from. There's
• 7:17
  Speaker 1: a lot of devs out there trying to do something,
• 7:20
  Speaker 1: and especially in the gaming side of things. And if
• 7:22
  Speaker 1: you look at how these validators will work, this is
• 7:25
  Speaker 1: every Avalanche validator pays a small monthly continuous fee in Avalanche.
• 7:29
  Speaker 1: So it's possible here for startups because when you look
• 7:33
  Speaker 1: at ETH or Solana, it's kind of expensive to launch
• 7:35
  Speaker 1: validator on ETH. You're talking about 32 ETH. Solana, also
• 7:39
  Speaker 1: very expensive. This changes when you go over to AVAX.
• 7:43
  Speaker 1: Look at this right here. As long as the number
• 7:45
  Speaker 1: of validators stays below 10,000, it's going to cost 1.33
• 7:47
  Speaker 1: AVAX per month. AVAX trading, let's say $ 15 right now.
• 7:54
  Speaker 1: That's $ 20 a month basically to run your own validator.
• 7:58
  Speaker 1: That is a value that I think Avalanche is going
• 8:00
  Speaker 1: to get to. Even if Avalanche blows up to $ 100, $ 200,
• 8:05
  Speaker 1: imagine that being the expense that you have for running
• 8:09
  Speaker 1: a validator on it. So huge moves here happening in
• 8:11
  Speaker 1: the market right now. And let's just look here because
• 8:14
  Speaker 1: you have Avalanche jumping to number 20 right here, flipping Uniswap,
• 8:19
  Speaker 1: flipping Canton, and SWEI And of course, we're going to
• 8:24
  Speaker 1: be watching this pretty closely as Avalanche and other chains
• 8:28
  Speaker 1: are probably going to benefit from this. I'll leave you
• 8:30
  Speaker 1: with one last thought here, and that is this. Follow
• 8:32
  Speaker 1: the money. And you look at BlackRock in terms of
• 8:36
  Speaker 1: distributed asset value on RWA, and take a look at
• 8:39
  Speaker 1: it right here, guys. They're essentially centering in on three
• 8:44
  Speaker 1: of the most efficient and probably the least expensive chains
• 8:48
  Speaker 1: out there and be able to do transactions. You've got Solana, Ethereum,
• 8:51
  Speaker 1: and Avalanche all positioning. And ETH and Avalanche holding about
• 8:56
  Speaker 1: the same position in terms of market share. So that
• 8:59
  Speaker 1: tells me one thing, and that is that if you're
• 9:01
  Speaker 1: in those three, you're in the right place at the
• 9:03
  Speaker 1: right time. If you like this video, hit like and subscribe,
• 9:13
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• 9:16
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