Latest / The Paul Barron Crypto Show / GTA 6 Stablecoin Potential🚀Animoca's MASSIVE Crypto Treasury!🔥Yat Siu INTERVIEW

Transcript

GTA 6 Stablecoin Potential🚀Animoca's MASSIVE Crypto Treasury!🔥Yat Siu INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Welcome back into the show. Today we're going to be
• 0:01
  Speaker 1: diving into what's happening with Animoka Brands and a lot more.
• 0:04
  Speaker 1: You guys don't want to miss it. My name is
• 0:06
  Speaker 1: Paul Barron. Let's get started. I do want to thank
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  Speaker 1: So check it out and let's get started. Let's go
• 0:45
  Speaker 1: over to a couple of points. We're going to have
• 0:46
  Speaker 1: Yatsu on from Anamoka Brands on today. I do want
• 0:49
  Speaker 1: to remind you guys that we looked at a video
• 0:52
  Speaker 1: and did with him quite some time ago. It was
• 0:55
  Speaker 1: referenced to GTA six and the concept was is that
• 0:58
  Speaker 1: AI agents will be coming into possibly gaming. We are
• 1:02
  Speaker 1: repositioning our thought on this. One of the things that
• 1:06
  Speaker 1: is starting to happen is we could see a cryptocurrency
• 1:09
  Speaker 1: in GTA six. There are speculations right now that it
• 1:12
  Speaker 1: could be our star. We don't think it's going to
• 1:15
  Speaker 1: be that. This seems more of a rumor but speculation.
• 1:18
  Speaker 1: But it does bring up the idea that maybe there's
• 1:22
  Speaker 1: an alternative here and I want to play a clip
• 1:25
  Speaker 1: for you and then we'll bring in yacht su and
• 1:27
  Speaker 1: get into it. So take a look.
• 1:29
  Speaker 2: Digital downloads didn't present that problem, and it was pretty
• 1:32
  Speaker 2: soon after where Take two said, look, in the event
• 1:36
  Speaker 2: we have a hit, we should be able to give
• 1:38
  Speaker 2: more of that hit to consumers and create a thread
• 1:41
  Speaker 2: in between these huge tempole releases. It was only, you know,
• 1:45
  Speaker 2: a quick movement from there to virtual currency and game
• 1:51
  Speaker 2: And the first time we tried that was with NBA
• 1:53
  Speaker 2: two K in twenty eleven and it was a test.
• 1:56
  Speaker 2: We had no idea how would do and it ended
• 1:58
  Speaker 2: up being very successful, and then of course virtual currency
• 2:02
  Speaker 2: was embedded for the first time in Grand Theft Dotto
• 2:05
  Speaker 2: Online for Grand Theft at All five and again that
• 2:08
  Speaker 2: turned out to be much much more successful than we
• 2:11
  Speaker 2: ever expected. But if you're old to clock forward ten years,
• 2:14
  Speaker 2: which is my job, that's your job, boll ten twenty
• 2:17
  Speaker 2: years down the road, not tomorrow, not for the quarter.
• 2:19
  Speaker 1: All right, So stras Selink there from Take two. First
• 2:23
  Speaker 1: of all, what do you make of that clip by
• 2:25
  Speaker 1: Strauss in terms of where he sees kind of the
• 2:28
  Speaker 1: digital landscape inside gaming?
• 2:30
  Speaker 3: Take two was actually one of the slower adopters when
• 2:32
  Speaker 3: it comes to the freemium business model, right. It was
• 2:35
  Speaker 3: innovated really in Asia with mass massively multiplayer online games,
• 2:39
  Speaker 3: and really only started becoming mainstream in the Western particularly
• 2:42
  Speaker 3: in the US, probably five or six years after, you know,
• 2:45
  Speaker 3: around twenty fifteen twenty sixteen is when it really started
• 2:47
  Speaker 3: to pick up. Was something that was very uncomfortable for
• 2:51
  Speaker 3: the sort of game studios, particularly in the West, and
• 2:54
  Speaker 3: now it's pretty much the predominant business model. But what
• 2:56
  Speaker 3: isn't clear to me, given some of the previous comments
• 2:59
  Speaker 3: that Strauss selling has made, is that Take two in
• 3:01
  Speaker 3: and of itself is going to issue a token. Although
• 3:04
  Speaker 3: that may change because of the fact that the US
• 3:07
  Speaker 3: is now much more open, and there might be clarity
• 3:09
  Speaker 3: around this from a regulatory standpoint, but I expect much
• 3:12
  Speaker 3: more activity to happen on the RP servers rather than
• 3:15
  Speaker 3: take two in and of itself.
• 3:16
  Speaker 4: So basically, people are running sort of.
• 3:18
  Speaker 3: The GTA six servers, and they will then issue their
• 3:21
  Speaker 3: own tokens around their particular game economies. That's kind of
• 3:24
  Speaker 3: what we're expecting.
• 3:25
  Speaker 1: If you look at what Strauss is talking about, and
• 3:28
  Speaker 1: you kind of consider, all right, that maybe the alternative
• 3:30
  Speaker 1: here would be a stable coin, because this could be
• 3:33
  Speaker 1: a scenario that could take over some of the digital
• 3:35
  Speaker 1: components here, would you predict maybe that they might try
• 3:38
  Speaker 1: to go that route actually launching a stable point and maybe, okay,
• 3:43
  Speaker 1: you think so, yeah, So I.
• 3:44
  Speaker 3: Think a stable coin is much more likely a couple
• 3:47
  Speaker 3: of reasons. One, you know, the Genius Act actually opens
• 3:49
  Speaker 3: it up already, and while you can't expect the gaming
• 3:52
  Speaker 3: companies to do that first, you know, Amazon and Walmart
• 3:56
  Speaker 3: and probably Facebook and probably Google as well, like we
• 3:59
  Speaker 3: don't know sure, but they're all probably thinking about it.
• 4:02
  Speaker 3: Oh there's a legislation. Now there's a rule where I
• 4:05
  Speaker 3: can actually do that. And one of the challenges all
• 4:07
  Speaker 3: is when you have changes with a new presidency, is
• 4:10
  Speaker 3: that is it actually something that is in law or
• 4:13
  Speaker 3: is it something that can be changed at any time
• 4:14
  Speaker 3: like an executive order. And the Genius Act basically just
• 4:18
  Speaker 3: passed through law, which means that it's much more certain
• 4:20
  Speaker 3: that you can build on something in the long long
• 4:23
  Speaker 3: term for it, right, So stable coins will probably be
• 4:25
  Speaker 3: the first thing that people, you know, is it possible
• 4:27
  Speaker 3: therefore that gaming companies around the world, particularly in US,
• 4:30
  Speaker 3: will start issuing their own stable coins? I think it's
• 4:32
  Speaker 3: entirely possible. So take to could sort of pull it off.
• 4:36
  Speaker 3: But the difference is that they use the cash for
• 4:39
  Speaker 3: operations rather than as a exchange medium, shall we say,
• 4:45
  Speaker 3: So there is there's a difference there, right, So if
• 4:47
  Speaker 3: you're a bank, you're actually sort of you basically have
• 4:50
  Speaker 3: a license to print money effectively, right, But if you
• 4:54
  Speaker 3: are a game studio, you don't really have that, And
• 4:57
  Speaker 3: so they do need the cash flow that they general
• 5:00
  Speaker 3: right from the currency of the of the sales of
• 5:03
  Speaker 3: the virtual currency to basically pay for stuff like salaries
• 5:06
  Speaker 3: and costs and all that kind of stuff inside of
• 5:07
  Speaker 3: the game and the pure interest that might generate might
• 5:10
  Speaker 3: not be enough relative to that because it's still a product.
• 5:14
  Speaker 3: So I see it's much more likely that they might
• 5:17
  Speaker 3: partner with a set of companies that are going to
• 5:20
  Speaker 3: issue these table coins and they might be sharing maybe
• 5:22
  Speaker 3: the yield from it or something like that.
• 5:24
  Speaker 4: So we should be expecting that they might either be
• 5:27
  Speaker 4: a consortium.
• 5:28
  Speaker 3: Also, don't forget, you know, we should expect every major
• 5:31
  Speaker 3: bank in the US, maybe even smaller banks to want
• 5:33
  Speaker 3: to issue their stable coins.
• 5:35
  Speaker 4: They're going to want to cut business deals.
• 5:36
  Speaker 3: On the distribution for them, right, So again, you know,
• 5:40
  Speaker 3: like and if you might remember in the early days,
• 5:42
  Speaker 3: you know, like PayPal and Venmo and all these platforms,
• 5:45
  Speaker 3: they actually shared commissions in some way, right for customer
• 5:48
  Speaker 3: acquisition and so on. So so this is interesting and
• 5:52
  Speaker 3: I see this more as a business model enhancement for
• 5:54
  Speaker 3: many of those games studies that aren't thinking that way
• 5:56
  Speaker 3: unless they're thinking Web three native like animal brands, right,
• 6:00
  Speaker 3: the local brands. You know, we're issuing our own stable coin,
• 6:03
  Speaker 3: and that's a different story because we're in the field
• 6:06
  Speaker 3: of that, and so we might be working with games
• 6:08
  Speaker 3: companies like this.
• 6:09
  Speaker 4: But if you take two for instance, you might want to.
• 6:12
  Speaker 3: You know, you're now basically valuable as a customer acquisition
• 6:15
  Speaker 3: tool for banking clients, so you could generate more revenue
• 6:19
  Speaker 3: by some people saying, hey, you know what I can
• 6:21
  Speaker 3: onboard you almost like a credit card, right, Like credit
• 6:24
  Speaker 3: card companies are amongst the highest paying because of sort
• 6:27
  Speaker 3: of UA companies out there right now. Because you know,
• 6:31
  Speaker 3: every customer in your game is now a target, it
• 6:34
  Speaker 3: could really expand the revenue and the reach for those games.
• 6:37
  Speaker 4: So I think that's more likely for most of them.
• 6:39
  Speaker 1: Okay, well, I want to play another clip for you
• 6:41
  Speaker 1: because I think it flows more into the validity of
• 6:44
  Speaker 1: what's what could happen here within the gaming ecosystem.
• 6:48
  Speaker 4: Take a look.
• 6:50
  Speaker 5: I think the GTA is going to crash crypto because
• 6:53
  Speaker 5: you think about a crypto is an attention economy, and
• 6:55
  Speaker 5: what we're going to see with GTA is an attention
• 6:57
  Speaker 5: vacuum that basically we've never seen before. We able to
• 7:00
  Speaker 5: cash out my crypto for Shark cards in GTA six,
• 7:03
  Speaker 5: and so it'll actually just be a better trade to
• 7:05
  Speaker 5: buy Shark cards at that point. And GTA six launches
• 7:08
  Speaker 5: this December, so I'm trying to be out of crypto
• 7:10
  Speaker 5: by December.
• 7:11
  Speaker 1: Shark cards. If you think about Shark cards, which is
• 7:13
  Speaker 1: obviously a huge ecosystem with n GTA, what if they
• 7:16
  Speaker 1: were to take shark cards and say, we're just going
• 7:19
  Speaker 1: to make those a stable coin.
• 7:21
  Speaker 3: Yeah, so I'm going to go out on the limon
• 7:22
  Speaker 3: say no, no, okay, all right, so so and just
• 7:27
  Speaker 3: don't get me wrong, Shark cards certainly, you know, have
• 7:31
  Speaker 3: tradeability value if they were validated like this by TAK two.
• 7:34
  Speaker 4: But Take two is not thinking this way.
• 7:36
  Speaker 3: So it's important to understand that Take two is a
• 7:38
  Speaker 3: product company, and just thinking of their product is I'm
• 7:42
  Speaker 3: offering a service and you're paying for the service. The
• 7:44
  Speaker 3: other comment around, I'm going to cash up and sell
• 7:46
  Speaker 3: on my crypto to buy short cards. Well, I mean
• 7:48
  Speaker 3: you can do that, but I think you are actually
• 7:51
  Speaker 3: somewhat in the minority of that. Good luck with that.
• 7:54
  Speaker 3: Having said that, just another correction. You know, like when
• 7:56
  Speaker 3: we last time were on the show, you know, this
• 7:59
  Speaker 3: was before Take to make the announcement, because you know,
• 8:02
  Speaker 3: everyone thought you were going to come out around September October,
• 8:05
  Speaker 3: and now it's going to come out in May at least,
• 8:08
  Speaker 3: that's what they've said. By that time, it's entirely possible
• 8:11
  Speaker 3: that you know, clarity or markets actor, so those ones
• 8:14
  Speaker 3: are going to actually be already out, and therefore there is.
• 8:19
  Speaker 4: No legal reason allowed, right okay.
• 8:22
  Speaker 3: And I think also a lot more people will be
• 8:23
  Speaker 3: familiar with it, because sure pitcoin's gon to be one
• 8:25
  Speaker 3: hundred and fifty to two hunred thousand dollars by the end
• 8:27
  Speaker 3: of the year, then there's gonna be a lot more
• 8:29
  Speaker 3: people entering this space.
• 8:29
  Speaker 1: Just no doubt. Yeah, no doubt. Well, and I think
• 8:32
  Speaker 1: you look at the potential here, we saw a movement quickly.
• 8:36
  Speaker 1: This is just you know, a small gaming company that announced, hey,
• 8:40
  Speaker 1: we're going to start to integrate stable coins. And when
• 8:43
  Speaker 1: they did that, here was the h here was the
• 8:45
  Speaker 1: response from from the market. Of course, the stock jumped
• 8:48
  Speaker 1: eight percent. Maybe this is just the beginning of something
• 8:51
  Speaker 1: early because even to your point is that, yeah, okay,
• 8:55
  Speaker 1: Take two is not going in this direction just yet.
• 8:57
  Speaker 1: But there's a lot of gaming companies. Granted they are
• 8:59
  Speaker 1: the you know, eight hundred pound gorilla, but the point
• 9:03
  Speaker 1: is is that they could change, they could shift into
• 9:05
  Speaker 1: this model, especially if they start seeing others showing some
• 9:09
  Speaker 1: success with that.
• 9:10
  Speaker 3: And I do think they will do it because it's
• 9:12
  Speaker 3: a superior business model. None of those big game companies
• 9:15
  Speaker 3: free to play and freemium they went.
• 9:18
  Speaker 4: There five years later.
• 9:19
  Speaker 1: You think that maybe large retail might actually bring stable
• 9:22
  Speaker 1: coins first, or do you think it would be gaming
• 9:24
  Speaker 1: that could bring stable coins to their ecosystems first.
• 9:27
  Speaker 3: Game companies have a potential, and other territories like Japan
• 9:31
  Speaker 3: and Korea for instance, haven't established stable cunt framework. Even
• 9:34
  Speaker 3: Singapore doesn't have a framework at this moment in time. Yeah,
• 9:37
  Speaker 3: so there's an interesting, funny sort of situation where the
• 9:41
  Speaker 3: US was one was behind, it is now actually lead
• 9:43
  Speaker 3: form most of the nation.
• 9:45
  Speaker 1: Well, you look at a couple of things. I want
• 9:46
  Speaker 1: to show two quick things here in reference to stable
• 9:49
  Speaker 1: coins obviously launching here on August first within Hong Kong,
• 9:53
  Speaker 1: so this is now moving even though that has been
• 9:56
  Speaker 1: behind now what we've seen with the United States then,
• 10:00
  Speaker 1: And you also look at the capacity of how the
• 10:03
  Speaker 1: use case is going to be picked up. So it's
• 10:05
  Speaker 1: already being mandated. There's going to be a little bit
• 10:07
  Speaker 1: of catch up, I guess to a certain extent around
• 10:10
  Speaker 1: where the world market is going. But you guys are
• 10:13
  Speaker 1: also potentially launching an ipo and my question. We were
• 10:17
  Speaker 1: talking about this earlier on another video. We did a
• 10:20
  Speaker 1: big mega IPO video. Why launch an ipo in Hong
• 10:25
  Speaker 1: Kong versus here in the United States. Animocha should be
• 10:28
  Speaker 1: here in the United States. I'm going to try to
• 10:31
  Speaker 1: help President Trump get you here for your IBO, So
• 10:35
  Speaker 1: why not?
• 10:35
  Speaker 3: So first of all, so the fact that we plan
• 10:38
  Speaker 3: to go public is not a secret. So but where
• 10:41
  Speaker 3: we decide to go public is out in the open.
• 10:44
  Speaker 3: So we haven't the saided to US or Hong Kong.
• 10:46
  Speaker 3: There's nothing that excludes the fact that we couldn't do both,
• 10:49
  Speaker 3: because you know, you can do primary and secondary right
• 10:51
  Speaker 3: And I think Animoka Brands is one of those interesting
• 10:53
  Speaker 3: companies that actually has a big footprint in terms of
• 10:56
  Speaker 3: its investments, portfolio and brand name in the usually has
• 11:00
  Speaker 3: a lot of customers in Asia, and I think there's
• 11:02
  Speaker 3: something interesting also to be said about Animal Brands as
• 11:05
  Speaker 3: a gateway for Asia for instance, potentially American investor. But
• 11:09
  Speaker 3: it does make a lot of sense to consider the
• 11:11
  Speaker 3: US markets.
• 11:12
  Speaker 1: Well, you can have a lot of customers in Asia
• 11:15
  Speaker 1: and still have all your investors here in the United States,
• 11:18
  Speaker 1: you know.
• 11:18
  Speaker 3: So yeah, and because we have three thousands of shoholders
• 11:22
  Speaker 3: already post right, So we are just quasi sort of
• 11:25
  Speaker 3: a public private entity because of our previous days as
• 11:28
  Speaker 3: a listed company. So we actually know what it's like
• 11:31
  Speaker 3: to run a public company. Of course we're smaller back then.
• 11:33
  Speaker 1: You're going to have a million investors. You're going to
• 11:36
  Speaker 1: have a million investors if you bring it to the
• 11:38
  Speaker 1: United States, a million minimum a million.
• 11:43
  Speaker 4: Well, I look forward to that. I look forward to.
• 11:45
  Speaker 1: So I'm just trying to get you to commit. I'm
• 11:47
  Speaker 1: just trying to get you to commit.
• 11:50
  Speaker 3: Yes, I Unfortunately, I'm not going to commit on anything.
• 11:54
  Speaker 4: No comment.
• 11:55
  Speaker 1: I understand, I understand. I'm watching a couple of things
• 11:58
  Speaker 1: that you guys are doing. You guys did your partnership
• 12:01
  Speaker 1: here with Carrot. There's doing some acquisition or I guess
• 12:05
  Speaker 1: in some point, I guess buyback. You were talking about
• 12:08
  Speaker 1: Cultural Treasury. There's like a handful of others out there
• 12:11
  Speaker 1: that would probably fall into this tower. Token was one.
• 12:15
  Speaker 1: What are you trying to do with this? And do
• 12:17
  Speaker 1: you think that these treasury companies in your particular case,
• 12:21
  Speaker 1: Cultural Treasury, are a fad or do you think this
• 12:24
  Speaker 1: is something that we're going to see a lot more
• 12:26
  Speaker 1: of No, I think you're going.
• 12:26
  Speaker 3: To see a lot more of it because it's a
• 12:28
  Speaker 3: nice little bridge between the let's call the TRATFI investor
• 12:31
  Speaker 3: and cryptoises. And at the end of the day, whether
• 12:34
  Speaker 3: it's an ETF or company that holds these assets. But
• 12:37
  Speaker 3: the thing about all coins, particularly whether it's gaming or
• 12:40
  Speaker 3: whether it's tokens like MCCA or pengu or ap coin
• 12:43
  Speaker 3: or whatever it is, they actually have ways which you
• 12:45
  Speaker 3: generate yield and you can trade them and you can
• 12:47
  Speaker 3: hedge them, make it your stuff. So there's actually an asset.
• 12:49
  Speaker 3: Crypto as an asset class trades between one hundred fifty
• 12:52
  Speaker 3: two billion dollars a day, right, so we're talking about
• 12:55
  Speaker 3: something that it is larger than York Tuck has changed
• 12:59
  Speaker 3: now doing this these buybacks, However, the tokens themselves haven't
• 13:04
  Speaker 3: appreciated as much in value because of the narrative. Yet
• 13:07
  Speaker 3: now you can buy these strong gaming projects at basically
• 13:12
  Speaker 3: a discount from their investment round, and there's so many
• 13:14
  Speaker 3: of them. So we're not going to stop at just
• 13:16
  Speaker 3: these three. Where we did across the ages, we did
• 13:18
  Speaker 3: my pet Hooligan, which is carried with the tower. We
• 13:20
  Speaker 3: want to build more of them, and then you know,
• 13:23
  Speaker 3: there's nothing that necessarily stops us from saying and you
• 13:26
  Speaker 3: know what, we are the largest gaming investor in Web three,
• 13:29
  Speaker 3: and we could possibly do a treasury company with all
• 13:32
  Speaker 3: those gaming tokens eventually in the future together as well. Right,
• 13:35
  Speaker 3: gaming is about a twenty to twenty two billion dollar
• 13:38
  Speaker 3: combined market cap in crypto, So you could say it's
• 13:40
  Speaker 3: small compared to others, but it's you know, it's come
• 13:43
  Speaker 3: from zero over time. But more importantly, you know, we're
• 13:47
  Speaker 3: going to get you know, the one hundred billion users
• 13:49
  Speaker 3: into cryptog and I enter this space because of gaming.
• 13:52
  Speaker 3: And then you want to take a look at the
• 13:53
  Speaker 3: good projects and do you want to go and buy
• 13:56
  Speaker 3: you know, something that could go from ten or twenty
• 13:58
  Speaker 3: or you know ten, ten, twenty thirty billion that's already
• 14:01
  Speaker 3: billions of dollars, or there's a chance to buy some
• 14:04
  Speaker 3: gems in the market that are literally single digit millions
• 14:07
  Speaker 3: or and and so that's that's just that's just where
• 14:10
  Speaker 3: we see the opportunity, and we're investors, so we look
• 14:13
  Speaker 3: for those unities as well. Right, And you know what,
• 14:15
  Speaker 3: I forgot what who said it, but the famous saying
• 14:17
  Speaker 3: around like when everyone's running away from something, maybe that's
• 14:20
  Speaker 3: when you start looking, right, Yeah, so that's exactly what.
• 14:23
  Speaker 1: That's that's exactly to get well, I think if you
• 14:25
  Speaker 1: look at the acquisition plan that you're talking about and
• 14:29
  Speaker 1: this strategy, this is only going to build up your valuation.
• 14:33
  Speaker 1: And did you know that when you go IPO in
• 14:36
  Speaker 1: the United States that your valuation level is going to
• 14:38
  Speaker 1: be much greater post IPO.
• 14:42
  Speaker 3: So first of all, looking at the investments we've done,
• 14:46
  Speaker 3: you know, for instance, like you know in the US,
• 14:48
  Speaker 3: we've done a number of treasury deals like DDC, right,
• 14:51
  Speaker 3: which was a bitcoin one that's done very well.
• 14:53
  Speaker 4: Right, We've done a few more right, Like we.
• 14:55
  Speaker 3: Can see the valuation premium is given to those companies,
• 14:58
  Speaker 3: so we certainly have seen that effect.
• 15:00
  Speaker 1: Well.
• 15:00
  Speaker 3: The other thing for us also is that we want
• 15:02
  Speaker 3: to be able to tell the story about work three
• 15:04
  Speaker 3: because right now we're at the stage where we're telling
• 15:06
  Speaker 3: people about bitcoin and then a little bit of ethereum.
• 15:08
  Speaker 3: But we know that Web three and blockchain so much more, right,
• 15:12
  Speaker 3: so they basically open up the gateway for the conversation,
• 15:14
  Speaker 3: and now we should enter with different type of tokens
• 15:17
  Speaker 3: and tell them what it's all about and when they
• 15:19
  Speaker 3: understand that, just like you know, your audience on the
• 15:22
  Speaker 3: show and other people in the space, when they understand,
• 15:25
  Speaker 3: you know, they never go back and they say, you
• 15:27
  Speaker 3: know what, this is great, and so they kind of
• 15:28
  Speaker 3: come into that. So this isn't just about you know,
• 15:31
  Speaker 3: basically what makes sense is the investment. This is also
• 15:33
  Speaker 3: sort of how do we promote the space to the
• 15:35
  Speaker 3: right people, how do we bring attention to those investors
• 15:37
  Speaker 3: so they understand that there's a big opportunity here.
• 15:40
  Speaker 4: You know, it's had an impact. That's the other thing.
• 15:41
  Speaker 3: I mean if you look at Tower, Mike pet Hooligan,
• 15:44
  Speaker 3: or you know, across the ages, all these tokens have
• 15:47
  Speaker 3: gone up. In the case of Tower, it's over one
• 15:48
  Speaker 3: hundred percent. In the case of you know, CTA and
• 15:52
  Speaker 3: Carrot it's up like thirty percent or something. And again
• 15:56
  Speaker 3: it doesn't stop there, right, It's just to show that
• 15:58
  Speaker 3: there is potential momentum out there, an opportunity.
• 16:01
  Speaker 4: There's a lot more than that.
• 16:03
  Speaker 3: So so we were scouring for these great gyms in
• 16:06
  Speaker 3: the market right now.
• 16:07
  Speaker 1: You mentioned pengu earlier, and of course there's a few
• 16:11
  Speaker 1: points that are kind of moving right now. Pengu now
• 16:16
  Speaker 1: reflipping bank. There's a there's a struggle out there. Do
• 16:19
  Speaker 1: you think pengu will flip Doge? Do you think there's
• 16:22
  Speaker 1: a possibility for that?
• 16:23
  Speaker 4: Ahaha.
• 16:24
  Speaker 3: Well, so, first of all, it's important to note that
• 16:26
  Speaker 3: Luca is an absolute animal in a good way. He's driven,
• 16:31
  Speaker 3: and so he's not someone that you should bet against,
• 16:34
  Speaker 3: and we very much betting on him. And you know,
• 16:36
  Speaker 3: we're investors as well and supporters, you know what. We
• 16:39
  Speaker 3: like what they're building with abstract. You know, I hold
• 16:42
  Speaker 3: a bunch of pengous myself, and so a number of
• 16:45
  Speaker 3: our existing portfolio companies have started building abstract and are
• 16:48
  Speaker 3: doing well.
• 16:49
  Speaker 4: So I would.
• 16:50
  Speaker 3: Say, you know, yeah, pay attention, but you know, you
• 16:52
  Speaker 3: go where essentially the money is.
• 16:54
  Speaker 4: And it's no.
• 16:55
  Speaker 3: Different than people moving from moving to Dubai right, or
• 16:58
  Speaker 3: moving to Hong Kong or moving to the U yes
• 17:00
  Speaker 3: right for opportunity.
• 17:01
  Speaker 4: That's kind of how how you can think of it
• 17:03
  Speaker 4: that way.
• 17:04
  Speaker 3: But yeah, so we're very very optimistic about that US
• 17:07
  Speaker 3: companies are going to succeed. You know, I have a
• 17:10
  Speaker 3: higher chance because the market is hungry for it. Right,
• 17:13
  Speaker 3: Why is this market so attractory companies? It is because
• 17:17
  Speaker 3: investors have been really wanting to invest in this category
• 17:20
  Speaker 3: but they were effectively disallowed. And also for the foot
• 17:23
  Speaker 3: gates like you know, Robin Hood etro they all offering crypto,
• 17:26
  Speaker 3: doing securitized tokens.
• 17:28
  Speaker 1: Bengo.
• 17:29
  Speaker 4: Exactly exactly.
• 17:31
  Speaker 1: Don't bet against Luca. So I'm going to just take
• 17:33
  Speaker 1: it from that for our audience, because everybody's going to
• 17:36
  Speaker 1: be looking at that and trying to figure it out.
• 17:38
  Speaker 1: But you look at this move right here, McDonald's. I
• 17:40
  Speaker 1: want to kind of show you something. This is did
• 17:42
  Speaker 1: you know that McDonald's I pod in the United States?
• 17:48
  Speaker 3: Yes?
• 17:49
  Speaker 2: Yes, My point.
• 17:50
  Speaker 4: Being an American company, I'm.
• 17:52
  Speaker 3: Messing with it.
• 17:53
  Speaker 1: So my point is is that they had their biggest
• 17:55
  Speaker 1: marketing launch and guess what it was. Minecraft My question
• 17:58
  Speaker 1: is is there's some potential here of a adult happy meal? Okay,
• 18:03
  Speaker 1: and if we get into an adult happy meal, one
• 18:05
  Speaker 1: of the things that could happen right there is that
• 18:08
  Speaker 1: right there, Yeah, pudgy penguins could get into this.
• 18:11
  Speaker 3: So should we expect that, you know, McDonald's one wants
• 18:15
  Speaker 3: to work with something like pug I think it's entirely possible.
• 18:17
  Speaker 3: But would they do it, you know, like I would
• 18:19
  Speaker 3: put it more in the sort of fifty to fifty
• 18:22
  Speaker 3: sixty forty category rather than the sort of ninety ten things, right,
• 18:25
  Speaker 3: only because like NFT is about a half a billion
• 18:27
  Speaker 3: dollars of sales a month still, right, So actually it's
• 18:30
  Speaker 3: it's good, but for a lot of people it's it's
• 18:33
  Speaker 3: they've just come around saying, oh, bitcoin is probably real. Okay,
• 18:37
  Speaker 3: So so when you could go down the next thing
• 18:40
  Speaker 3: then is ethereum, and then it's like okay, tokens, and
• 18:43
  Speaker 3: then it's like NFTs understanding that NFTs are actually serious.
• 18:47
  Speaker 3: And I think that's the other thing, you know, we
• 18:49
  Speaker 3: think of NFTs as a kind of levered ethereum that
• 18:52
  Speaker 3: for the crypto market as well. Like if you basically
• 18:55
  Speaker 3: had a if you if you had you know, when
• 18:57
  Speaker 3: ethereum was really low, you know, whether it's a board
• 19:00
  Speaker 3: ape or whether it's a pudgy obviously thought well even
• 19:02
  Speaker 3: a mecha verse or or you know, an NFT like that,
• 19:07
  Speaker 3: you would probably how we had more levered effect from
• 19:11
  Speaker 3: from ethereum than necessarily just holding nakedive theory by itself.
• 19:15
  Speaker 3: But of course it's for certain projects, and we do
• 19:18
  Speaker 3: believe that the OG projects have that, so you know,
• 19:20
  Speaker 3: today we also did sort of a little sort of
• 19:23
  Speaker 3: announcement collaboration with cool Cats and more to come, shall
• 19:27
  Speaker 3: we say, it's an example how we think the timing
• 19:30
  Speaker 3: is now.
• 19:31
  Speaker 1: So, so I was going to go back to a
• 19:33
  Speaker 1: statement that you made on Twitter just this morning before
• 19:37
  Speaker 1: we were preparing for this, and it was referencing the vault.
• 19:40
  Speaker 1: Explain to me a little bit of what you guys
• 19:41
  Speaker 1: are doing over there.
• 19:42
  Speaker 3: Then one of the next big important frontiers of the
• 19:44
  Speaker 3: space is r WA. So when you think about what's
• 19:47
  Speaker 3: the biggest r WA in crypto today, it's stable coins.
• 19:50
  Speaker 3: So it's an investor grate basically a vault, you know,
• 19:53
  Speaker 3: back by a figure. You basically have you know, basically
• 19:55
  Speaker 3: billions of dollars or ready of real assets where you
• 19:57
  Speaker 3: can bring institutional investors into the space and you know,
• 20:00
  Speaker 3: they're also sec registered yielding sort.
• 20:03
  Speaker 4: Of assets as well.
• 20:04
  Speaker 3: Uh, you know, and you have things like you know,
• 20:06
  Speaker 3: home equity loans and so on. Like that's the type
• 20:08
  Speaker 3: of stuff that let's call the traditional guys understand and
• 20:11
  Speaker 3: they go, oh, okay, tokenizing that that kind of makes sense, right,
• 20:15
  Speaker 3: we might understand you know, the network effects and the
• 20:17
  Speaker 3: meaning of things like meme coins and game tokens. But
• 20:20
  Speaker 3: when it comes to sort of real world assets, that's
• 20:22
  Speaker 3: where tradifi goes. Oh okay, when you look at intellectual property,
• 20:26
  Speaker 3: when you look at gold, when you look at you know,
• 20:29
  Speaker 3: home equity loans or even student loans where we're kind
• 20:31
  Speaker 3: of getting into as well as our WA's for instance,
• 20:35
  Speaker 3: dwarf for the balundy of bitcoin.
• 20:36
  Speaker 4: Yeah, for the time, right, it's a completely dwarfs, no doubt.
• 20:40
  Speaker 3: We're all excited about bitcoin hitting two trillion market cap
• 20:42
  Speaker 3: three goal that twelve.
• 20:44
  Speaker 1: Billion trillion, right yeah.
• 20:46
  Speaker 4: Yeah, but everything else is like one hundred trillion trillion
• 20:50
  Speaker 4: right right. Of course, we're going to open up the
• 20:51
  Speaker 4: Asian market. It's going to be very exciting.
• 20:54
  Speaker 3: Listen.
• 20:54
  Speaker 1: Yeah, So it's been great having you on today. Thank
• 20:56
  Speaker 1: you so much for coming in. I know your connections
• 20:58
  Speaker 1: are kind of in and out there, but we do
• 21:01
  Speaker 1: appreciate you taking the time today. So thanks again. All right,
• 21:05
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• 21:07
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• 21:10
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• 21:12
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• 21:15
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• 21:16
  Speaker 1: next time, right here on the Paul Baron Show.