Latest / The Paul Barron Crypto Show / Crypto EXODUS🔥Iran War Pushes Billions Toward Asia 🚨Yat Siu INTERVIEW🚀Animoca Brands

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Crypto EXODUS🔥Iran War Pushes Billions Toward Asia 🚨Yat Siu INTERVIEW🚀Animoca Brands · The Paul Barron Crypto Show

0:00
Speaker 1: Our resident expert for all that. Let's just jump right
0:03
Speaker 1: in and of course that is Yacht Sue. How are you,
0:05
Speaker 1: Yacht Nice to see.
0:06
Speaker 2: You, very good and the good to see you as well.
0:08
Speaker 3: I mean, obviously, you know, it's it's interesting just because
0:11
Speaker 3: you know, the world is obviously sort of shaky in
0:13
Speaker 3: different ways.
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Speaker 2: But yeah, but you know, grateful, grateful to be here.
0:17
Speaker 1: Hey, listen, I think the conversations around what's happening in
0:20
Speaker 1: the industry right now are most important because of what's happening,
0:24
Speaker 1: You've got to get people out there kind of explaining
0:26
Speaker 1: all the real things that are truly occurring. What are
0:30
Speaker 1: your thoughts right now when you look at the what's
0:33
Speaker 1: happening in the Middle East, primarily Dubai, and I know
0:35
Speaker 1: you've kind of have some correlation to Dubai as well.
0:39
Speaker 1: Are you seeing a potential flight of you know, all
0:43
Speaker 1: the people that have been centering as Dubai as their
0:46
Speaker 1: home base now starting to look elsewhere in the world.
0:48
Speaker 3: I mean, I think it's fair to say that many
0:50
Speaker 3: of the regions in Asia, whether this is Hong Kong, Singapore,
0:54
Speaker 3: certainly looking at this in a way as an opportunity.
0:57
Speaker 3: Dubai has obviously taken quite a bit of that financial
1:00
Speaker 3: sort of capital and sort of especially the growth sort
1:03
Speaker 3: of you know, entrepreneur capital, shall we say, you know,
1:05
Speaker 3: in the financial capital into into the Ue, right. And
1:08
Speaker 3: of course a lot of them, particularly ones from overseas,
1:10
Speaker 3: are sort of you know, not looking to stay in
1:13
Speaker 3: the Middle.
1:13
Speaker 2: East for the short term anyway.
1:15
Speaker 3: And so you've got like, really, what we're currently witnessing
1:18
Speaker 3: kind of two types.
1:19
Speaker 4: Right.
1:19
Speaker 3: The first type is let's call it the the tourists, right,
1:23
Speaker 3: so he went, he was the tourist going into the Yue,
1:27
Speaker 3: zero taxes, great environment, lovely place. And so you know
1:30
Speaker 3: they're going to Bali, they're going to Bangkok, they're going
1:32
Speaker 3: to Buquet, right, They're kind of that's kind of one
1:34
Speaker 3: type of nomad, right. And then you've got the other one,
1:37
Speaker 3: which is not really sort of thinking nomadic, but they're
1:39
Speaker 3: thinking more like, okay, where should I put my base
1:41
Speaker 3: as an operation? And so Hong Kong and Singapore are
1:44
Speaker 3: definitely coming through. I think what's happening in the Middle
1:48
Speaker 3: East to me is a signaling of something else, which
1:51
Speaker 3: is I think the beginning of a much more sort
1:55
Speaker 3: of let's call it Asian slash Chinese age, right, and
1:58
Speaker 3: by all that, I don't and I mean to say that.
2:01
Speaker 3: You know, China is viewed as stable right now, right,
2:04
Speaker 3: you know, Hong Kong is viewed as a sort of
2:06
Speaker 3: a safe place to do business under the protection of
2:09
Speaker 3: a very safe and stable place. You don't have to
2:11
Speaker 3: worry about that, right, there's no worry that there's going
2:14
Speaker 3: to be sort of attacks in Hong Kong or China
2:18
Speaker 3: knock on wood, you know from from some you know,
2:20
Speaker 3: basically from an Iran that's upset, right because because because
2:24
Speaker 3: they're you know, they're they're effectively allies in that sense,
2:27
Speaker 3: and or at least friendly, friendlier, shall we say, right?
2:31
Speaker 3: And and so right now this conflict where was you know,
2:33
Speaker 3: just even talk around, you know, like I have, Hey,
2:36
Speaker 3: you know what, you know, America is safe, but you know,
2:39
Speaker 3: don't go to crowded places, be careful whatever, right, you know,
2:42
Speaker 3: all that, all those type of you know, sort of
2:45
Speaker 3: crazy conversations that you wouldn't have had before, true or not, right,
2:49
Speaker 3: It creates a kind of angst that you know, it
2:52
Speaker 3: didn't exist before, right, And that uncertainty is unsettling. But
2:56
Speaker 3: you know, I look at Dubai and Hong Kong very
2:59
Speaker 3: similarly for those who might remember, Hong Kong had its crisis,
3:03
Speaker 3: you know, with COVID, right, and it took about you know,
3:07
Speaker 3: five years for Hong Kong to come back to where
3:09
Speaker 3: it is today, you know, from that. And I think
3:12
Speaker 3: with Dubai, hopefully not as long, but I think they'll
3:15
Speaker 3: go through a similar phase where people will remember, right,
3:18
Speaker 3: but then hopefully when things settle a little bit, you know.
3:20
Speaker 3: So definitely do not write off Dubai, but it will
3:23
Speaker 3: be I think a tough couple of years, just because
3:26
Speaker 3: of the confidence that has been shaken a little bit.
3:28
Speaker 1: Very interesting times within all this, Speaking of what's happening
3:33
Speaker 1: in the Middle East, I want to play a clip.
3:36
Speaker 1: This is a mem war that apparently has come to
3:41
Speaker 1: a head between the Iranians and of course none other
3:44
Speaker 1: than our own President Trump.
3:45
Speaker 5: Take a look at this one US president not on
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Speaker 5: Trump may have announced day five day post to plan
3:50
Speaker 5: strikes on the Iran's power plants, but on social media
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Speaker 5: there are different kind of wars, intensifying.
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Speaker 6: The level of online trawling. The White House is also
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Speaker 6: turned to sport. It's sharing videos featuring baseball stars heading
4:02
Speaker 6: home runs.
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Speaker 5: Iran has opted for humor, pop culture references and trends.
4:08
Speaker 6: And the memes have been relentless.
4:11
Speaker 5: Is Trump urging allies and global leaders to help secure
4:14
Speaker 5: the strait of whole moves. The intention was to mock
4:17
Speaker 5: Trump's latest response to a question about who will eventually
4:21
Speaker 5: control the strait.
4:23
Speaker 2: Me me and the iatola. Whoever the iola is.
4:26
Speaker 5: Posted a picture with a car having two steering wheels.
4:30
Speaker 6: Iran in particular has really up the ante recently with
4:33
Speaker 6: these kind of extravagant AI generated lego themed videos. It
4:38
Speaker 6: feels more like a game.
4:41
Speaker 2: The secrets.
4:43
Speaker 7: The question we locked on the tug and you are.
4:52
Speaker 5: Selling legend name lead a boar pupt what you're saying
4:55
Speaker 5: nims sweet. The characters are portray looking at what appays
5:01
Speaker 5: to be Epstein files.
5:04
Speaker 3: Man.
5:04
Speaker 7: I tell you what.
5:05
Speaker 1: The one thing I will say is that whoever is
5:08
Speaker 1: running these meme campaigns are very tied into American culture.
5:11
Speaker 1: They're not missing a step in terms of how and
5:14
Speaker 1: what you have to do to press a button. So
5:17
Speaker 1: and that's what a meme is designed for.
5:19
Speaker 3: You have to sort of bear in mind that sort
5:21
Speaker 3: of American culture is permitting almost everywhere, with the exceptions
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Speaker 3: North Korea. Right, So, so the result is that you
5:28
Speaker 3: get a lot of people who know understand that culture
5:30
Speaker 3: and know to push. But also, I mean, you know,
5:33
Speaker 3: I think ever since Trump sort of became I mean,
5:36
Speaker 3: probably happened earlier anyway, but you know how everyone's talking,
5:40
Speaker 3: you know, how we're actually living in the simulation.
5:42
Speaker 2: You know, is all of this anyway real?
5:43
Speaker 3: That kind of stuff, just because sort of everything that
5:46
Speaker 3: we thought was sort of a norm basically it's not
5:50
Speaker 3: a norm anymore. It's completely sort of you know, thrown
5:52
Speaker 3: out because of what happened. I mean, it wasn't that
5:54
Speaker 3: long ago that you know, basically what happened to Venezuela.
5:59
Speaker 3: While positive for the Venezuelans, the sheer let's call it chutzpah,
6:04
Speaker 3: that just took place, right and then and then of
6:08
Speaker 3: course the meme videos that came out of the White
6:11
Speaker 3: House related to that, right, So, so so you know,
6:15
Speaker 3: they they're the ones who sort of were the kings
6:18
Speaker 3: of that, right, so they kind of opened they instigated,
6:20
Speaker 3: they opened that up, right, and so it's more like, okay,
6:23
Speaker 3: we can do that too, right, and and so people learn, Right,
6:25
Speaker 3: So fifty sixty years ago used to call that propaganda, right, Yeah,
6:29
Speaker 3: so you had propaganda and then other companies had different
6:31
Speaker 3: kind of propaganda and they would throw leaflets with you know,
6:34
Speaker 3: caricatures or whatever.
6:36
Speaker 2: This is just this is just you.
6:37
Speaker 7: Know, the modern generation.
6:39
Speaker 2: Yeah, exactly.
6:40
Speaker 1: Yes, Yeah, let's talk about next generation for a minute,
6:43
Speaker 1: because Anamaloka now is investing in Avalanche, as you can
6:47
Speaker 1: kind of see here on screen, a couple of things.
6:50
Speaker 1: No financial detail has been disclosed yet, but Animoka's got
6:54
Speaker 1: of course a big network in Asia and Middle East.
6:56
Speaker 7: What can you share about this?
6:57
Speaker 3: Yeah, well, I mean, first of all, you know, we've
6:59
Speaker 3: had this coination with with Avalanche for quite a while.
7:02
Speaker 3: They were actually quite committed on things like consumer expansion,
7:05
Speaker 3: which is basically our sort of big focus here, and
7:09
Speaker 3: so so you know, obviously, you know we were talking
7:12
Speaker 3: about both the Middle East and Asia broadly speaking, it's
7:15
Speaker 3: really about sort of reaching out to the audiences that
7:18
Speaker 3: are fastest growing there, which is the youth. Right, despite
7:20
Speaker 3: the regional conflicts that is sort of affecting people, you know,
7:24
Speaker 3: people still have to go in their lives.
7:25
Speaker 2: You know, you still have a young population.
7:27
Speaker 3: Doesn't change, you know, whether this is in Turkey or
7:30
Speaker 3: in Ui or in Saudi or wherever.
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Speaker 2: Right, they're all still basically active.
7:35
Speaker 3: They're you know, playing games, right, you know, they're they're
7:38
Speaker 3: they're doing stuff. Their interest in in blockchain and digital
7:42
Speaker 3: technologies continues to grow, right, even more so with the
7:45
Speaker 3: whole sort of AI direction as well. And and it
7:48
Speaker 3: was very sort of you know, sort of tactical for us, right,
7:52
Speaker 3: And and so that's that's that's the thing we'll drive
7:54
Speaker 3: drive users into that ecosystem. And of course it's very
7:57
Speaker 3: classic for us is that if we think we can
7:58
Speaker 3: help them grow, then use we want to have a
8:00
Speaker 3: stake in it, right, And that's basically sort of how
8:02
Speaker 3: the deal is constructed.
8:04
Speaker 1: All right, So you want to deal, you want a
8:06
Speaker 1: stake in it. You see some retail opportunity here. Does
8:09
Speaker 1: this mean that Animocha is buying Avalanche the token or
8:12
Speaker 1: is it primarily Yeah, yeah.
8:14
Speaker 3: We're investing, right, And just to be clear, Animoka continues
8:19
Speaker 3: to invest even in this market. I mean we've done
8:21
Speaker 3: several investments. You'll see that very heavy focus in the
8:25
Speaker 3: sort of agentic space as well, which we think is
8:27
Speaker 3: going to be the way in which we onboard basically
8:30
Speaker 3: you know, the next big.
8:31
Speaker 2: Wave with Animal com Minds.
8:33
Speaker 3: We actually have actually a very very strong product that
8:36
Speaker 3: actually can literally you know, your mom could sort of
8:39
Speaker 3: you know, sign up for it and genders have an
8:41
Speaker 3: AI agent, right. I think we're the only one in
8:44
Speaker 3: the world that has a platform like this, but it
8:46
Speaker 3: comes with the wallet off the back, right. And what's
8:49
Speaker 3: really and what's really powerful about this is that this
8:51
Speaker 3: wallet basically can do wallet to wallet payment directly with
8:55
Speaker 3: other AI agents.
8:56
Speaker 4: Right.
8:56
Speaker 7: What project is this that you talking about?
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Speaker 2: Animal com Mindes, animal.
8:59
Speaker 7: Minds, animal of minds.
9:00
Speaker 1: Okay, Are there other urgentic platforms that you're working with
9:05
Speaker 1: in conjunction with this or is that?
9:06
Speaker 2: Yeah?
9:06
Speaker 3: I mean no, any sort of any urgentic platform we
9:10
Speaker 3: could work with because of the fact that agents can
9:12
Speaker 3: talk to agents. So I'll just give you a simple example, right,
9:15
Speaker 3: so you can see that's my swarm, right, Okay, and
9:19
Speaker 3: I have one hundred and thirty one minds, which is
9:21
Speaker 3: basically you can think of them literally like one.
9:23
Speaker 2: Hundred and thirty one open claw. Okay, sort of issuses.
9:27
Speaker 3: I can literally just sort of sign up by a
9:29
Speaker 3: sort of a launch and literally by just typing an
9:32
Speaker 3: email or you know, talking to one of my minds
9:34
Speaker 3: and it just sets it up just instantly. When you
9:36
Speaker 3: sort of go in, you can see how they're connected. Literally,
9:39
Speaker 3: this is kind of the agent swarm, the structure around this, right.
9:42
Speaker 3: The whole thing about how you harness them together is
9:46
Speaker 3: basically what happens when when you're actually using things like
9:48
Speaker 3: Perplexity computer or cloud cowork, you know they're actually running
9:52
Speaker 3: agents themselves, but here you can basically customize each individual
9:55
Speaker 3: agent and their persistent memory. This is the platform that
9:57
Speaker 3: allows you to basically have millions and millions of agents.
10:01
Speaker 3: So billions of agents potentially, but millions of agents in
10:03
Speaker 3: pretty much an instant in comparison to if you wanted
10:06
Speaker 3: to do this. Everyone's launching open claw vps is right,
10:09
Speaker 3: which is fine, but you can't.
10:11
Speaker 2: Can you imagine the cost of having a million open.
10:13
Speaker 1: Word It's yeah, it's not scalable. We've dropped a bunch
10:17
Speaker 1: of those already. They're very efficient, I agree to you.
10:20
Speaker 3: It's not just sort of the distribution of compute power,
10:23
Speaker 3: which they can do by sort of giving themselves tokens.
10:26
Speaker 3: It's the fact that you they also are able to
10:29
Speaker 3: share skills within a network. So you know, because programming
10:32
Speaker 3: is so powerful, you know literally, you know, you can
10:35
Speaker 3: get the mind to basically build sort of an application
10:38
Speaker 3: for you that they can use within the ecosystem. And
10:41
Speaker 3: it might cost you, let's call it five or ten
10:43
Speaker 3: dollars of inference cost. Right, the next sort of mind
10:47
Speaker 3: can then literally rent or use your skill. Is this
10:49
Speaker 3: available now? It's life right now. But to animal com
10:52
Speaker 3: mindst AI, just sign up right now and you're live,
10:54
Speaker 3: right okay, and it's it's and and you know, and
10:57
Speaker 3: the thing is, I myself get supp rised just what
11:01
Speaker 3: it can do, because the powerful thing about AI is
11:04
Speaker 3: the fact that it's sort of you know, it can
11:06
Speaker 3: do so many things that you can imagine quite yet
11:08
Speaker 3: what it is.
11:09
Speaker 2: So even with a single.
11:11
Speaker 3: Prompt over an email, I can launch a fleet of
11:14
Speaker 3: you know, ten or twenty agents doing things right. And
11:17
Speaker 3: the key is just are you good at the prompting.
11:20
Speaker 3: But once you have that set up, it's powerful. And
11:22
Speaker 3: so we just need to make that more easier for
11:24
Speaker 3: people to understand the power of the prompts. Right now,
11:26
Speaker 3: we have some basic ones you can go in. You
11:28
Speaker 3: just click to click and say, hey, I want to
11:29
Speaker 3: research agent.
11:30
Speaker 2: I want this. But the cool thing is is that
11:33
Speaker 2: you can go straight down.
11:34
Speaker 3: To the individual agent and alter their DNA as we
11:37
Speaker 3: call it, and then they talk to each other as well,
11:40
Speaker 3: and then they like they can sort of support each other.
11:42
Speaker 3: So and so to us, we're thinking right now that
11:45
Speaker 3: you know, everything we talked about the metaverse and about
11:47
Speaker 3: gaming and about sort of you know, blockchain and so on,
11:50
Speaker 3: was really you know, we humans were the POC for
11:53
Speaker 3: the agents, right, because when you think about think about it, right,
11:57
Speaker 3: you know, most people will say they're going to have
11:59
Speaker 3: three to five agents, and I have over one hundred.
12:00
Speaker 3: If actually, once you start using agents, right, you're gonna
12:03
Speaker 3: have hundreds and hundreds and hundreds of them.
12:04
Speaker 2: And by the way, you know a lot of people
12:06
Speaker 2: are still thinking in the old l M terms. It's like, well,
12:09
Speaker 2: is it.
12:09
Speaker 3: Going to be CHATGBT versus Claude versus Gemini, And I
12:13
Speaker 3: think that's all wrong. They're all going to work together.
12:16
Speaker 3: The l M is going to be abstracted, right, that's
12:19
Speaker 3: going to be sort of more of a commodity. But
12:21
Speaker 3: you know, my agents work way more powerful because they
12:25
Speaker 3: are connected to perplexity computer and Gemini because they're themselves
12:30
Speaker 3: don't have the same autonomous nature versus an age AA
12:34
Speaker 3: agent that we have with animical minds. Also, it's wrong
12:37
Speaker 3: to think that there's a There's a lot of people
12:39
Speaker 3: are sort of saying, oh, well, this one has, you know,
12:41
Speaker 3: only small memory, so it's only for in the moment,
12:43
Speaker 3: and then we have the persistent memory. But people are
12:45
Speaker 3: forgetting there's a whole spectrum right in between. Like, for instance,
12:48
Speaker 3: I might just need an agent for one week. You know,
12:51
Speaker 3: I don't want to call them disposable agents, but literally
12:53
Speaker 3: you throw out an agent to do a task for
12:55
Speaker 3: a week and that's it. That's good enough, right, But
12:57
Speaker 3: if you have to set it all up and customize
12:59
Speaker 3: and do.
12:59
Speaker 7: That, I gotta try it.
13:01
Speaker 1: You have to try to try it. We're going to
13:03
Speaker 1: do some stuff with it. I want to flip over
13:05
Speaker 1: to Clarity for a minute. Obviously that's heated up here
13:08
Speaker 1: in the US. You look at the two major markets
13:12
Speaker 1: I think that will get affected by this, obviously the US,
13:14
Speaker 1: but also Hong Kong could be huge if Clarity doesn't pass.
13:19
Speaker 1: What is going to happen in Hong Kong? Is this
13:21
Speaker 1: going to become a safe haven?
13:23
Speaker 7: Do you think? What do you think?
13:24
Speaker 3: I don't actually think that Clarity not passing in the
13:28
Speaker 3: US is going to have a huge impact because the
13:30
Speaker 3: regulatory side from the SEC in the US has already
13:33
Speaker 3: made a few points very clear. Right from an invasion
13:36
Speaker 3: innovation standpoint, people would still sort of say, well, at
13:39
Speaker 3: least I feel safer in America, right, So that to me,
13:42
Speaker 3: I feel like, not safer, but safer than before. And frankly,
13:45
Speaker 3: when it comes to investment capital and investment opportunities, you know,
13:50
Speaker 3: for those projects, the US is still one of the
13:52
Speaker 3: strongest places. That's not to say that Hong Kong isn't.
13:55
Speaker 3: In Singapore and Japan aren't strong markets as well, but
13:58
Speaker 3: it's not, it's not it's not a huge game changer,
14:01
Speaker 3: you know, when I was talking about Clarity Act when
14:03
Speaker 3: if it passes, what it will do broadly around the
14:05
Speaker 3: world is particularly in America, is that it will allow
14:08
Speaker 3: companies to basically tokenize themselves faster.
14:11
Speaker 2: Because they have a framework. Right.
14:13
Speaker 3: However, the innovators and builders already in crypto are kind
14:16
Speaker 3: of used to They're already doing it. They just don't
14:18
Speaker 3: only persecute it, right, and so so with the current framing.
14:22
Speaker 2: You don't have the issue of the persecution.
14:23
Speaker 3: So that I think coinbas or particularly Brian Armstrong is
14:26
Speaker 3: finding very strongly sort of on the yield aspect of it,
14:30
Speaker 3: and I feel like it's a little bit of a
14:32
Speaker 3: you know, like a pyric victory if because it doesn't
14:36
Speaker 3: really matter as much as I think people make it
14:39
Speaker 3: out to be, because over time, you know, I feel
14:42
Speaker 3: like my opinion, shall we say, is just let it
14:45
Speaker 3: pass even without the yield, right, because you know, all
14:48
Speaker 3: territories around the world when they talk about stable coin
14:51
Speaker 3: sort of the legislation, including Hong Kong for instance, you
14:55
Speaker 3: know it's is yield is not allowed, right, but you
14:57
Speaker 3: can have fund other ways to do it, which is
15:00
Speaker 3: basically what you see with with circle and tether anyway,
15:03
Speaker 3: where you have to deposit it and stake it this
15:05
Speaker 3: and that kind of stuff. Right, So there's ways around that.
15:07
Speaker 3: And the second thing is that once it's out there
15:09
Speaker 3: and in the hands of people, then they're going to
15:12
Speaker 3: demand it anyway, and then it.
15:13
Speaker 1: Becomes they're going to figure out ways to do it.
15:15
Speaker 2: Yeah.
15:15
Speaker 3: Well, also the political will will shift when the people
15:20
Speaker 3: who are now having stable coins and saying, hey, you
15:23
Speaker 3: know what I could.
15:25
Speaker 7: I don't know, I don't know.
15:27
Speaker 1: I feel like the passive nature I think you'll see
15:30
Speaker 1: more flight, meaning people that will just figure out other
15:34
Speaker 1: ways to work the same you know USDCO. But the
15:38
Speaker 1: average where I think this hurts America, anybody really worldwide,
15:44
Speaker 1: is just the average show, you know, because they're not
15:47
Speaker 1: as sophisticated an investor. They don't understand about vaults, they
15:50
Speaker 1: don't understand of a DeFi and it's going to take
15:53
Speaker 1: them months, if not years to maybe even get up
15:56
Speaker 1: caught up to speed. And that's if they want to,
15:58
Speaker 1: because many people just aren't interested. They want to kind
16:01
Speaker 1: of a set it and forget it kind of thing
16:03
Speaker 1: their money market model. And I think that's what the
16:06
Speaker 1: banks are protecting against is the status quo of the
16:09
Speaker 1: people who I say are just not you know, they
16:13
Speaker 1: haven't been you know, red pilled, yes, but they don't.
16:18
Speaker 3: I guess what where I was trying to get to
16:19
Speaker 3: is that they're not red pilled, but their agents don't
16:22
Speaker 3: need to be red pilled.
16:23
Speaker 2: They know it already.
16:23
Speaker 3: That's true, So from from and so so the so
16:27
Speaker 3: what's going to happen is that, you know, not everyone's
16:30
Speaker 3: necessarily going to know that. They have to sort of
16:32
Speaker 3: put it in avolve to something they do though that
16:35
Speaker 3: when they go to the agent and say, you know.
16:38
Speaker 2: Please find me the best way to get it.
16:39
Speaker 7: That's true.
16:40
Speaker 1: Totally agree the agent we get there, that's possibly a
16:44
Speaker 1: faster path.
16:45
Speaker 7: I do agree with that, because.
16:47
Speaker 2: That's what's exciting.
16:49
Speaker 1: That would be okay, okay, I'll concede that argument. If
16:53
Speaker 1: AI gets involved and people can get involved with AI,
16:56
Speaker 1: the agentics side will figure this out anyway.
16:58
Speaker 7: So yes, okay, that makes sense.
17:01
Speaker 1: In terms of the what's happening in Japan, which is
17:06
Speaker 1: amazing to see just the amount of innovation that they
17:09
Speaker 1: continue to push, especially in the financial rails versus Hong Kong.
17:12
Speaker 1: If you were looking at Asia right now, I mean
17:15
Speaker 1: there's only one New York in the United States in Asia.
17:19
Speaker 1: Which one is going to be the New York of Asia?
17:21
Speaker 2: Well, I mean if you think.
17:22
Speaker 3: About capital market size and if you think about internationalism,
17:26
Speaker 3: you know, I would say Hong Kong is the you know,
17:28
Speaker 3: if I would put into I think Hong Kong is
17:30
Speaker 3: still very much the sort of undisputed New York of Asia.
17:34
Speaker 3: Right in terms of Hong Ko stock exchange, it's it's
17:36
Speaker 3: it's it's also international English is it's legal in primary language?
17:41
Speaker 2: Right?
17:41
Speaker 3: You know, it's it's right, it's sort of location wise geographically.
17:45
Speaker 3: You know, it's often described as the Pearl of Asia
17:47
Speaker 3: because it's right in the middle, you know, in the
17:49
Speaker 3: south southern tip of China as well by sort of
17:51
Speaker 3: attracting all that. I mean, Singapore from a finance standpoint
17:55
Speaker 3: is quite powerful. But when you look at the size
17:56
Speaker 3: of the stock exchange, just like it, no comparison like
17:59
Speaker 3: Hong Kong is.
17:59
Speaker 7: What about Japan?
18:00
Speaker 3: Well, so Japan is domestic. So the point is, yes,
18:03
Speaker 3: Japan is a great market, but Japan is very Japanese.
18:05
Speaker 3: I mean, you don't find foreign companies sort of you know,
18:09
Speaker 3: listing in Japan for instance, and it's and it's very
18:11
Speaker 3: hard for sort of international companies to sort of do
18:15
Speaker 3: stuff there because the language isn't there. That isn't to
18:17
Speaker 3: say it is an important market, right and certainly under
18:20
Speaker 3: this new regime, which is quite cryptal friendly, it's pushing
18:23
Speaker 3: forward in a big way there. So so so so
18:26
Speaker 3: that's there. What is interesting in Japan versus elsewhere is
18:30
Speaker 3: that institutions are driving essentially the tokenization and digital assets
18:35
Speaker 3: space more strongly than the sort of consumer side, right
18:39
Speaker 3: I see, which is very different from say Korea or
18:42
Speaker 3: from from other parts of Asia.
18:43
Speaker 7: For sure, Hey, we got to talk about Lily Lou.
18:47
Speaker 1: Of course what she said, this came out Lily was
18:52
Speaker 1: talking about gaming on blockchain is just not coming back.
18:55
Speaker 7: First of all, is she wrong or is this just
18:59
Speaker 7: taken out of context? Tell me no.
19:01
Speaker 3: So, so I actually think it's interesting because I actually think,
19:04
Speaker 3: you know, first of all, I think, you know, Lily
19:05
Speaker 3: is incredibly smart and savvy, and I think she also
19:08
Speaker 3: knows that because last time she said something like this,
19:10
Speaker 3: I think it got a lot of attention. So she's
19:12
Speaker 3: She's made several other sort of you know, let's call
19:14
Speaker 3: them controversial statements. So I wouldn't necessarily take her statement
19:17
Speaker 3: quite in the context of this, because, of course, you know,
19:21
Speaker 3: Lily is one who sort of very very deeply understands
19:24
Speaker 3: that actually financial rails, financial generally systems is really the
19:29
Speaker 3: underpinning of society broadly speaking. In fact, we invented writing
19:34
Speaker 3: for the Sumerians, invented writing for an account of Ledger
19:37
Speaker 3: to basically say you own this and you own that, right,
19:40
Speaker 3: So it's it's quite fundamental. And so if you were
19:43
Speaker 3: to take it very very sort of literal saying gaming
19:46
Speaker 3: isn't on opportunity isn't coming back. That's like saying, you know,
19:50
Speaker 3: no game company is going to go become a public company, right, Well.
19:53
Speaker 2: That's great.
19:54
Speaker 3: It's because because financial rails is essentially translated to every
19:57
Speaker 3: part of the industry, right, And so that means said,
20:00
Speaker 3: you're going to have every element that's going to be
20:02
Speaker 3: touching blockchain gaming that is covering three billion people who
20:06
Speaker 3: are already basically using digital financial rails, just not open ones,
20:11
Speaker 3: basically just becomes running on the blockchain. I mean what
20:14
Speaker 3: is poly market, right? I mean poly market is in
20:17
Speaker 3: effect a kind.
20:18
Speaker 2: Of a game.
20:19
Speaker 3: The difference though is that most people who are now
20:22
Speaker 3: using poly market don't even know or care that it's
20:24
Speaker 3: using the right but.
20:26
Speaker 2: They're still doing it. And I think this is where gaming.
20:28
Speaker 3: Is going to go as well, which is in a
20:31
Speaker 3: sense the gaming that we think of, because I think
20:33
Speaker 3: of poly market as a game as well, and I
20:35
Speaker 3: think of GameFi as gamified finance. I mean, how much
20:38
Speaker 3: of you know, the sort of financial ecosystems, particularly on Solana,
20:42
Speaker 3: when you think about fun, when you think about sort
20:45
Speaker 3: of meteor or Jupiter and all these things have effectively
20:48
Speaker 3: taken the lessons of gaming, making it fun, making it accessible,
20:51
Speaker 3: making it interesting for the youth, you know, having leveling
20:54
Speaker 3: systems and all these type of things, and just essentially
20:57
Speaker 3: put sort of you know, wrapped it around the world
21:00
Speaker 3: of finance.
21:00
Speaker 2: Right.
21:01
Speaker 3: So I actually think sort of, you know, gaming on
21:04
Speaker 3: blockchain is going to come back in a really really
21:06
Speaker 3: big way. And I think it's going to come back,
21:09
Speaker 3: maybe not in the way that we expect.
21:11
Speaker 2: It never does, right, but it's going to be.
21:13
Speaker 3: It's it's not going away, and it's going to be
21:16
Speaker 3: even it's going to be sort of coming in a pretty.
21:19
Speaker 2: Dominant form, and we'll call it.
21:20
Speaker 3: Gaming, but it won't be you know, I think the
21:22
Speaker 3: thing is we're trying to sort of fit the gaming
21:25
Speaker 3: image we have of oh, okay, here's a first person shooter,
21:29
Speaker 3: and you know, we're going to basically sort of you know,
21:31
Speaker 3: plug in sort of blockchain without thinking about what it
21:34
Speaker 3: really means. No, I don't think that would work as well. However,
21:38
Speaker 3: what will work really well is that you know, the
21:40
Speaker 3: financial systems that are used on the back of power
21:43
Speaker 3: of our blockchain.
21:43
Speaker 2: That's transparency on the trade of these items.
21:46
Speaker 3: You know, the virtual currency I'm using in game basically
21:49
Speaker 3: is power of blockchain rails. I will be able to
21:51
Speaker 3: sort of, you know, trade tokens or I sort of
21:53
Speaker 3: trade those virtual currencies. I could maybe get credit on
21:55
Speaker 3: those virtual currencies that are on the back. Right, players
21:58
Speaker 3: can have leverage on them if they wanted to, Right,
22:00
Speaker 3: I mean, those are the elements that I think make sense.
22:03
Speaker 3: I mean people forget that, you know, roadblocks pays out
22:07
Speaker 3: billions and billions of dollars to gamers while taking basically
22:12
Speaker 3: seventy percent of of the profit. Right, I mean that
22:15
Speaker 3: in itself is a huge value. Is extraction that you know,
22:19
Speaker 3: you put on blockchain makes just more powerful.
22:22
Speaker 2: So there's so many, so many reasons. I could go
22:24
Speaker 2: on forever.
22:26
Speaker 1: Well, And I think that maybe the point that she
22:29
Speaker 1: was getting at some people are kind of backing her
22:31
Speaker 1: up on this is that it it won't come back
22:34
Speaker 1: the way it was before to your point, which is
22:37
Speaker 1: that we're going to see a lot of new functions
22:39
Speaker 1: of how it's going to work well.
22:41
Speaker 3: And and what is gaming really? Gaming is a part
22:44
Speaker 3: of our culture. It's a huge part of our culture, right,
22:47
Speaker 3: and by and by saying it's not it's not so
22:49
Speaker 3: by by excluding it and again I don't think that's
22:52
Speaker 3: what she means. By excluding it, right, then you're basically
22:55
Speaker 3: saying we don't want that community there, which is kind
22:58
Speaker 3: of crazy, right Yeah, But we're also saying we don't
23:01
Speaker 3: want to bring culture into sort of the economic framing
23:05
Speaker 3: of blockchain, which is not feasible because in fact, the
23:08
Speaker 3: sort of what makes an economic system function more powerfully
23:13
Speaker 3: is the fact that it has culture, right, Yeah, and
23:16
Speaker 3: gaming is a huge part of that culture.
23:17
Speaker 7: Right.
23:17
Speaker 3: So so I think, again I don't think it's but
23:20
Speaker 3: again I don't believe that's quite what she means. But
23:22
Speaker 3: also I think she knows that when she says that,
23:25
Speaker 3: you know, she'll light the fire, uh.
23:27
Speaker 7: And which which which she has done?
23:28
Speaker 2: And and I'm getting you.
23:30
Speaker 3: Know, I may have to succumb to this because everyone's like, oh, yeah,
23:33
Speaker 3: you need to say something because you know, you're you're
23:35
Speaker 3: the gaming guy.
23:35
Speaker 2: You should say something.
23:36
Speaker 3: It's like it's Lily being Lily, right, So, but maybe
23:39
Speaker 3: I need to Maybe I need to respond just for fun.
23:41
Speaker 2: But either way, you know, you know, we're we're we're
23:43
Speaker 2: not worried.
23:45
Speaker 7: I like it. I like it.
23:46
Speaker 1: Hey, I want to play a clip for you because
23:47
Speaker 1: we're going to flip over to something that Jensen Wong
23:49
Speaker 1: said about AI that has got a lot of people,
23:54
Speaker 1: uh questioning kind of the focus here.
23:56
Speaker 7: Take a look, Well.
24:03
Speaker 2: Well, christ.
24:06
Speaker 5: It's not post processing at the frame level, it's genera
24:10
Speaker 5: to control that geometry.
24:13
Speaker 4: Well that's a star contrast to what Jacob Freeman told
24:16
Speaker 4: YouTuber Daniel Owen. With DLSS five, the underlying geometry and
24:20
Speaker 4: textures are unchanged. He straight up said, yes, DLSS five
24:25
Speaker 4: takes a two D frame plus motion vectors as input.
24:29
Speaker 4: And here's the key part, all by analyzing a single frame,
24:32
Speaker 4: which is the complete opposite of what Jensen Wang said.
24:36
Speaker 4: Jensen Wang either is fully ignorant about the very technology
24:39
Speaker 4: that he's leading the charge of, or he just full
24:42
Speaker 4: online all right.
24:43
Speaker 1: So this is in reference to the animation. I don't
24:46
Speaker 1: know if you saw some of the videos that were
24:47
Speaker 1: out there were made it, you know, kind of showed
24:50
Speaker 1: the before and after of the function. I mean it's fantastic,
24:53
Speaker 1: but the way that Jensen addressed it really kind of
24:56
Speaker 1: I think hit the gamer market in essence. If you
25:01
Speaker 1: look at this now, could attacking gamers hurt in video
25:05
Speaker 1: in terms of our price long term?
25:07
Speaker 3: So there was a time where there was a distinction
25:10
Speaker 3: made I think between sort of sort of gaming uh
25:13
Speaker 3: you know, as a brand, right, but for Nvidia, you know,
25:17
Speaker 3: it is still the premiere let's call it sort of
25:20
Speaker 3: GPU for gamers.
25:21
Speaker 2: But at the.
25:21
Speaker 3: Same time, you know, we have to remember that when
25:24
Speaker 3: in VideA was that brand, it was really the early
25:28
Speaker 3: adopters who are quite fanatical about that type of stuff,
25:32
Speaker 3: whereas today, you know, a huge number of gamers don't
25:35
Speaker 3: really care, like, they don't really like they probably have
25:38
Speaker 3: to haven't they probably haven't even watched.
25:40
Speaker 2: That clip, right, Okay, all right. The other thing also
25:43
Speaker 2: is that despite the fact.
25:44
Speaker 3: That he made a you know, a boo boo show,
25:47
Speaker 3: we say, Gens is just a really nice guy, right,
25:50
Speaker 3: and so from his image standpoint, you know, he has
25:52
Speaker 3: a lot of good will so so so so maybe
25:55
Speaker 3: I don't know.
25:56
Speaker 7: You know, what comes and maybe correct this. Yeah, yeah,
26:00
Speaker 7: but the.
26:00
Speaker 2: Thing is that he has a lot of good will.
26:01
Speaker 3: Everyone thinks of him as as as a really as
26:03
Speaker 3: a really nice.
26:04
Speaker 2: Guy, right.
26:05
Speaker 4: You know.
26:05
Speaker 2: I think it's different if he was like, you know,
26:07
Speaker 2: abrasive and you had a.
26:09
Speaker 3: Lot of you know, so right, and so a lot
26:11
Speaker 3: of people are just like you know, like, so it
26:13
Speaker 3: wasn't as big of a breuha breuhas as perhaps as
26:18
Speaker 3: I think some people make out. I could be wrong
26:19
Speaker 3: about this, but right now I don't. It hasn't really
26:22
Speaker 3: sort of spread a lot because again, he's got a
26:24
Speaker 3: lot of good will, and this is kind of the
26:26
Speaker 3: world we live in right now, which is, you know, uh,
26:29
Speaker 3: there's facts, which unfortunately we're kind of a little bit
26:33
Speaker 3: in some cases in post truth society. You know, I mean,
26:35
Speaker 3: look at Trump and look at everything that's going on there, right,
26:38
Speaker 3: and so you're you're you're judged against the character, and
26:41
Speaker 3: so I can totally imagine people saying, but Gens is
26:43
Speaker 3: a nice guy. It's okay, let's let's move on to
26:46
Speaker 3: something else, right, you know so, Yeah.
26:48
Speaker 1: I like it. Listen, we're going to go into a
26:50
Speaker 1: lightning round with you quick questions, fast answers. Some is
26:54
Speaker 1: fun and crazy. Yeah, we're going to lead off with
26:57
Speaker 1: the We're gonna lead off with the first one.
26:58
Speaker 2: Here.
26:59
Speaker 1: Trump signs an Exact of Order drafting djens to fight
27:03
Speaker 1: the Iranian mean more.
27:04
Speaker 2: I love it, but I don't think so.
27:06
Speaker 1: No, even though he's got he may have some Djens
27:09
Speaker 1: working for him right now. Yeah, if Clarity doesn't pass,
27:13
Speaker 1: there will be a flood of crypto bankruptcies. Many people
27:17
Speaker 1: looking at Gemini right now.
27:18
Speaker 3: I think there are two different questions. I don't think
27:21
Speaker 3: it's related to Clarity, So my answer would be no,
27:23
Speaker 3: so meaning that if a company was to bankrupt, they
27:25
Speaker 3: would bankrupt regardless.
27:26
Speaker 7: Of Clarity, regardless of Clarity.
27:28
Speaker 1: Okay, yes, Anamoka Brands publicly endorses Clarity. Are you a
27:31
Speaker 1: publicly endorsing Clarity today?
27:34
Speaker 2: I am endorsing Clarity.
27:35
Speaker 3: I think, I think, I think these I think, get
27:38
Speaker 3: get the bill passed because it's good for the world,
27:40
Speaker 3: and I think, and honestly, I'm like, you know, it's
27:43
Speaker 3: it's a parent victory that you're trying that the coin
27:46
Speaker 3: VISs is trying to fight for. I don't think it's
27:48
Speaker 3: as necessary, especially for everything that we spoke about earlier.
27:51
Speaker 1: Well, I am still on the fence with it, only
27:53
Speaker 1: in the sense that because I'm very, very protective of
27:57
Speaker 1: personal privacy rights and when you get into de fire
28:00
Speaker 1: or self costy, that's the area that I'm most concerned with.
28:03
Speaker 1: Because we haven't seen that you know, the language yet
28:05
Speaker 1: coming out of this. We don't know what's there MEAs
28:08
Speaker 1: Meta's AI slop will ultimately end the same way as
28:12
Speaker 1: their Metaverse Slop ended. I'll just answer yes.
28:18
Speaker 3: I'd love to say yes, but I think it's born
28:20
Speaker 3: in between. It's because the reason why is because the
28:24
Speaker 3: the the l l M models and so on, that
28:26
Speaker 3: that they're putting out.
28:27
Speaker 1: Is just second time the charm. Maybe it's going to
28:31
Speaker 1: be a third time.
28:32
Speaker 3: Yeah. And also and and also you know, with with
28:35
Speaker 3: with you know, with Manas and so on. They've got
28:36
Speaker 3: a pretty good good team there. So I think I think,
28:39
Speaker 3: I think they got a shot. They've got a shot.
28:42
Speaker 3: They've got all right.
28:44
Speaker 1: YouTube, Disney, Tom Cruise killed Sora Deep Seek. This is
28:48
Speaker 1: where we had some copyright free AI slop. Season is over.
28:51
Speaker 2: They killed. No, I don't think they I don't think
28:54
Speaker 2: they killed.
28:55
Speaker 1: I mean because Disney didn't renew the deal with chat
28:57
Speaker 1: GPT or to open AI. That was pretty much the
29:00
Speaker 1: end of Sora.
29:01
Speaker 3: But I also think that well, first of all, video
29:05
Speaker 3: generally sort of generated video is a red ocean. If
29:08
Speaker 3: you see about exactly coming out, if you think about
29:10
Speaker 3: all this stuff it's coming up from China. I don't
29:11
Speaker 3: think that YouTube and Disney again, My view is that
29:14
Speaker 3: that decision would have probably been made from like, if
29:17
Speaker 3: you're if you're opening regardless, it's regardless, because if you're
29:21
Speaker 3: opening eye, what are you worried about? I think if
29:22
Speaker 3: you open eye, you're mostly worried about making sure you
29:25
Speaker 3: have enough compute. The competition is not it's not it's
29:29
Speaker 3: not seed dance. The competition is anthropic and Gemini, right,
29:34
Speaker 3: and what are they fighting on?
29:35
Speaker 2: Not video?
29:36
Speaker 7: Right right?
29:36
Speaker 2: So so so from.
29:38
Speaker 3: A tactical standpoint, I would say it makes sense to
29:40
Speaker 3: just say we're focusing on this because other people do
29:42
Speaker 3: video quite well. Let them deal with that. We're going
29:44
Speaker 3: to try to you know, win, go with it. When
29:46
Speaker 3: when when when the more important fight?
29:49
Speaker 7: Yeah, win in the battlefront.
29:50
Speaker 1: This is an interesting angle because there was, of course
29:54
Speaker 1: the failed attempt on TikTok, But a consortium of crypto
29:58
Speaker 1: companies and vcs will attempt to bid on only fans
30:02
Speaker 1: because only fans up in the up in the air
30:04
Speaker 1: right now.
30:05
Speaker 2: So so yes, I think that's true.
30:07
Speaker 3: Yes, okay, yeah, so they will they're going to try.
30:12
Speaker 1: Yeah, we're liberty five Nuremberg trials begin nine months. This
30:18
Speaker 1: is talking about uh yeah, so political.
30:22
Speaker 3: Yes, so I don't think, well, if you talk about
30:25
Speaker 3: Nurberg trials, I don't think I think there will be
30:27
Speaker 3: attempts to do something, But neuralbank trials I think will
30:31
Speaker 3: happened post Trump's presidency.
30:33
Speaker 1: After Okay, so not during the after during all right,
30:38
Speaker 1: So I won't answer that then, Okay, very cool. Netflix
30:43
Speaker 1: buying ben affleck Ai platform signals that Netflix will open
30:46
Speaker 1: the platform to all creators, soon to rival YouTube.
30:51
Speaker 3: This is a really interesting one, right because UGC content
30:54
Speaker 3: broadly speaking, is, if you think about it, the largest
30:57
Speaker 3: growth driver you know, in all forms of media and entertainment.
31:00
Speaker 2: You know, where it's gaming like world.
31:02
Speaker 3: Blocks obviously YouTube TikTok, right, and Netflix is a beheam
31:06
Speaker 3: of But you know, they also didn't end up buying
31:09
Speaker 3: Warner for you know, other reasons, because they a bit
31:12
Speaker 3: which was.
31:12
Speaker 2: Kind of insane. This sort of made them double down.
31:15
Speaker 3: Essentially on I think something on community content, and so
31:18
Speaker 3: I think that makes sense. I don't know that I
31:22
Speaker 3: think they won't open up to all creators. I don't
31:24
Speaker 3: think that's their DNA. But I do think they're going
31:27
Speaker 3: to open up to a like there's going to be
31:30
Speaker 3: you know, I think we can expect to see like
31:32
Speaker 3: a program almost like in the early days when you
31:34
Speaker 3: had like Apple sort of Apple Developer program, right, So,
31:38
Speaker 3: so so they can they're allowed to make content and
31:41
Speaker 3: they're allowed to do stuff. Though, so I think that
31:43
Speaker 3: you know, Netflix will still go for the sort of
31:46
Speaker 3: somewhat more curated as opposed to just let's go everything,
31:49
Speaker 3: right It's otherwise it's going to affect their sort of
31:52
Speaker 3: search algorithm on the content and so on.
31:54
Speaker 1: But yeah, and you look at the primary broadcast networks,
31:57
Speaker 1: they have started to move into h entities where they're
32:01
Speaker 1: trying to get into digital and more content creators, so
32:04
Speaker 1: basically trying to cannibalize what's what a lot of creators
32:08
Speaker 1: have built on either it's YouTube, TikTok, Instagram, wherever it
32:11
Speaker 1: might be. Uh, and they're trying to bring those things
32:13
Speaker 1: mainstream into app delivery systems. That has happened in a
32:17
Speaker 1: lot of the major CNN has a program out, Fox
32:20
Speaker 1: now has a program out. So I just wonder if
32:22
Speaker 1: Netflix is maybe going to become one of those.
32:25
Speaker 3: Oh, I think that part wouldn't surprise me, right because
32:28
Speaker 3: because because for Netflix, just at the end of the day,
32:31
Speaker 3: you know, you want to have as much content as
32:33
Speaker 3: you can, right, and and really the whole point about
32:36
Speaker 3: content capture is twofold one is I have special exclusive
32:39
Speaker 3: content that only I have, so you come to me
32:42
Speaker 3: and then oh then but I also happen to have
32:44
Speaker 3: all the other content that you want anyway, So why
32:47
Speaker 3: don't you just stay here?
32:48
Speaker 2: Right?
32:48
Speaker 3: And that's kind of what's happening, which is why you
32:50
Speaker 3: have so much content that is available through all platforms
32:52
Speaker 3: that it's the same and then you have a few
32:54
Speaker 3: banner sort of Game of Thrones type of stuff whatever,
32:58
Speaker 3: so the same same thing. But but to me, I
33:00
Speaker 3: think it is actually positive for for the creators because
33:04
Speaker 3: they have more distribution sort of opportunities in a way.
33:08
Speaker 1: Yeah, for sure, this is a good one. The new
33:10
Speaker 1: polymarket phase structure is a death blow to CALCI because
33:14
Speaker 1: this is kind of a robin Hood approach. The people
33:17
Speaker 1: with a very little get a better fee than the
33:20
Speaker 1: people with a lot. What do you think.
33:22
Speaker 2: I don't think it's a death blow.
33:24
Speaker 3: You know, it's competitive competition because I think CALCI they're
33:27
Speaker 3: not going to sit back and just say, well.
33:29
Speaker 2: You know, okay, fine, let'st's yeah, we're done. Yeah, we're done.
33:32
Speaker 3: That's kind of the first thing, it's going to be competitive, though,
33:35
Speaker 3: it's going to be competitive. But I think the other
33:37
Speaker 3: thing also is is that they're actually currently covering niches
33:40
Speaker 3: of audiences. And what's really interesting is that once you've
33:45
Speaker 3: got an audience being sticky, despite the fact that there's
33:48
Speaker 3: another option out there that may be cheaper or maybe better,
33:50
Speaker 3: the pure fees themselves, especially when you talk about sort
33:54
Speaker 3: of the outcomes in question, doesn't seem to matter as much.
33:57
Speaker 3: And you see this in other areas, whether this is
33:59
Speaker 3: like casinos or whatever. And therefore I do think that
34:02
Speaker 3: just like we see with DeFi as well, right, is
34:04
Speaker 3: that you probably have them playing in both fields as
34:08
Speaker 3: the same person who's in poly market is also on
34:10
Speaker 3: CALCI because he's all he's really doing, he's tapping into
34:13
Speaker 3: two pools of liquidity, which is deep rather than you know,
34:18
Speaker 3: just just just the one because of the fees. So
34:20
Speaker 3: I think the fees are not the most important thing.
34:22
Speaker 1: Interesting, Okay, I like that take l twos die after
34:26
Speaker 1: the next Ethereum upgrade, So Gleamsterdam coming if they haven't already.
34:30
Speaker 7: What do you think?
34:31
Speaker 3: No, I don't think so, But I think you know,
34:33
Speaker 3: when when people talk about sort of Batalics, you know,
34:35
Speaker 3: and certainly you know our partnership with that most recent
34:39
Speaker 3: announcement of the avalanche is certainly sort of would be contradictory
34:42
Speaker 3: for us if he said yes, right. But I think
34:44
Speaker 3: the other point is, you know, a lot of people
34:46
Speaker 3: sort of misread or misunderstood. I think Batalic's point around
34:50
Speaker 3: l twos, which is he's not saying that l twos
34:53
Speaker 3: are irrelevant. He's saying that l twos need to be specialized,
34:56
Speaker 3: good at something, to have meaning and purpose at the
34:59
Speaker 3: end of the day, you know, and L two is
35:01
Speaker 3: still cheaper, right, doesn't mean we're going to have as
35:03
Speaker 3: many l twos. That's a different question, right, I think
35:05
Speaker 3: we will have less l twos, right, We will certainly
35:07
Speaker 3: have less launches of l twos.
35:09
Speaker 1: Why did the Ronan and most gaming chains fail bad
35:14
Speaker 1: games or failed attempt to get trad by.
35:17
Speaker 3: So I would say, I think it's a failed attempt
35:19
Speaker 3: to appeal to trad games. That's too wow. If I
35:22
Speaker 3: had to choose between the two, I mean, my my,
35:25
Speaker 3: my general lens, I think has to have a third option. Well,
35:28
Speaker 3: the third option to me is a reputation of crypto hmm.
35:32
Speaker 8: Interesting because because because and you see this today with
35:36
Speaker 8: a lot of the sort of you know, with the
35:37
Speaker 8: with the AI stuff that's happening as well, where a
35:39
Speaker 8: lot of people we we understand how important the blockchain
35:43
Speaker 8: and sort of is for digital software n team and
35:45
Speaker 8: for agents, but people are just so turned off with.
35:48
Speaker 7: What you think that's going to change though?
35:50
Speaker 3: Yeah, I mean imagine if people sort of well understood
35:54
Speaker 3: that poly market was blockchain based and it was a
35:57
Speaker 3: wallet and that kind of stuff, what would there be
36:00
Speaker 3: I mean, how many people even know?
36:02
Speaker 2: Mar Yeah, it's right.
36:03
Speaker 3: So so I don't think I don't I don't think
36:06
Speaker 3: it's it's I think it's really So that's why I
36:07
Speaker 3: picked it appeal to track gamers because really what happened
36:11
Speaker 3: was is that people just didn't like crypto as much, right,
36:14
Speaker 3: And so that's the reason why in Asia it had
36:16
Speaker 3: much more adoption because they didn't have the same issue
36:18
Speaker 3: with crypto as they had in the West. But in
36:19
Speaker 3: the West, right, they just they didn't like crypto. And
36:22
Speaker 3: because they didn't like crypto, they didn't like sort of
36:26
Speaker 3: they didn't even touch the games.
36:27
Speaker 2: It wasn't even an option for them, right, And no,
36:30
Speaker 2: because there are some good games.
36:31
Speaker 3: It's just they didn't you know, and and so when
36:33
Speaker 3: you look at game for instance, right they didn't have
36:37
Speaker 3: the the blockchain on the back. But basically very few
36:40
Speaker 3: people know and so it has you know, tens of
36:43
Speaker 3: millions of users, right. So so it's just it's just
36:46
Speaker 3: a different framing.
36:47
Speaker 1: Last one Animoka ipo officially finalizes twenty twenty six.
36:51
Speaker 2: I can't comment on that, you know that, I'm.
36:55
Speaker 7: Going to say.
36:56
Speaker 1: I want to say no, and it's not because you
36:58
Speaker 1: don't want to. I think the climate right now is
37:02
Speaker 1: just really bad for crypto IPOs.
37:04
Speaker 2: It's a tough climate, that is true.
37:06
Speaker 3: But you know, again, you know we are We've made
37:08
Speaker 3: an announcement and as.
37:09
Speaker 2: You know, you know we can't comment.
37:11
Speaker 1: I know, I understand, but we like to have fun
37:14
Speaker 1: with us anyway, you know that.
37:15
Speaker 2: Thank you of course, of course.
37:17
Speaker 1: Anyway, listen, it's always fun chatting up with you. You
37:20
Speaker 1: have great insights. Obviously, your exposure there in the Asian
37:23
Speaker 1: market gives us some very unique understanding that I think
37:26
Speaker 1: a lot of people in the market right now need
37:28
Speaker 1: to really kind of get what's happening. So thank you
37:31
Speaker 1: so much for coming in today. We appreciate it.
37:33
Speaker 2: Thank you for having me.
37:41
Speaker 1: If you like this video, like and subscribe, drop a
37:43
Speaker 1: comment down below, and also join our free private member group.
37:47
Speaker 7: The link is in the description