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Xbox & Meta Crypto Strategy Finally Revealed! Apple's Web3 Downfall · The Paul Barron Crypto Show

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We've talked about gaming as being one of the catalysts for Web two to Web
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three and what kind of impact that we'll have on crypto, NFTs, all
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that stuff. Well, today we're going to reveal a lot, so you
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don't want to miss it. My name is spell Baron. Welcome back in
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a tech path. Let's get into it. We are going to be covering
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a lot around some of the biggest companies out there in tech and how they're
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maybe moving into a strategy for cryptos, So you want to stay tuned.
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dot com. It's a great place to go and do some of those kinds
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of trades. All right, let's go over to the topic today, and
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I want to get into gaming. This, of course was Summer Game Fest
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happened here recently. This starts what I think is a fairly aggressive move around
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some of the biggest companies out there, both Microsoft, Meta and what will
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be happening with Apple. Many of those fates will be I think sealed this
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year in terms of the direction. A couple of things. If you kind
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of things, If you think about this is how would you grade the Xbox
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game showcase? This is Call of Duty and Black Ops six direct. Everybody
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loved it, huge hit. Good thing is Microsoft is still hitting home runs.
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I think that's the big thing. I want to go to a clip
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here that goes a little bit into what Phil Spencer is talking about in terms
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of launching interoperability with Xbox. Take a look Done the Dark Ages is also
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going to ship on PS fives. What's kind of the thought process there?
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Eight years ago we said, hey, we're going to go ship all of
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our games on PC and console, and if you buy one on one,
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you get it on the other. And I got some like reaction from people
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of this is the worst decision ever. We announced game Pass and we started
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doing game Pass, and I know some people looked at that and said,
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oh, you're going to teach people that games are free and you're going to
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undermine the value in games. And what I can say is sitting here today,
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like right now, we have more Xbox console users than we've ever had
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in the history of Xbox. But we also want people to be able to
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buy games. So I go back and I look and I say, Okay,
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over the last five years, we're We're up double digits every year over
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the last five years on game sales on Xbox consoles. So that's the thing
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that I think a lot of people miss is the potential here for what game
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Pass does, but yet still having the ability to buy games. They clearly
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see kind of the future of where this is going. Obviously we'll see more
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and more device is coming out. This is Spencer talking a little bit more
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around handhelds and where they're going. Take a look an Xbox handheld. Yeah,
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you know, whether it's on PC, whether it's so we should have
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handheld. I think, so I think you want to say anything. I
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don't know. I don't want to say. I think you have to have
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Sarah on the future for us in hardware is pretty awesome, and the work
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that the team is doing around different form factors, different ways to play,
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I'm incredibly excited about. I'm not going to let you off the hook quite
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one more tried. Would it be a steam deck like dedicated heart piece of
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hardware that I can play offline or would it be something I would need a
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Wi Fi connection to stream things from? So I think I think being able
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to play games locally is really important. You can you can read between the
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lines on that. Man, that would be huge. That would be huge
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if they go that direction. Don't forget though, the handheld gaming market is
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huge, especially if you think about what's going on right now Web two.
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But what the opportunity is in Web three, because that's mostly what the direction
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has been. If you kind of look at what Swee's been doing, they
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launched their first hand held gaming device. We actually reported on this. I
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think you guys probably remember this. I'll scan a little bit on this just
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so you can kind of see a little bit of what was in that release.
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But the point being is that we're going to see a lot of this
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Web two and Web three game conversion. Whether we see this in Microsoft or
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not still be yet to be determined, but I imagine that we're going to
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see a lot more integration. Now. Remember this is one of the reasons
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that devices are so important in Web three, and that is this whole idea
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around collectibles, nft air drops, air drops of tokens, all sorts of
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things. This right here is a good example, and we've shown this before
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with the Saga and what's happened with Solana is most of these phones have been
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pretty much paid for before they ever get shipped. If you bought one of
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the version twos, you pretty much have all the value right now in the
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phone itself, just because you were one of the first purchasers of it.
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All right. So if you guys remember this is during the Activision Blizzard acquisition,
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so there were some leaked documents out there. Kind of leans back into
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the handheld device and maybe the direction that could be going, because if you
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think about what Web three, Web two to Web three could be if Microsoft
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is building a handheld, could we end up seeing a crypto wallet tied to
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a Microsoft handheld of some sort that maybe is a new hybrid device slash.
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I don't want to go back to the phone eras, but you can kind
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of see where this is going a lot of opportunity here going to the next
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level. Remember sweet network blockchain from these guys were ex Meta employees. All
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of this was a competitor to the ap doose blockchain. You need to remember
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that this kind of leans into this right here because apdose Labs partner with Microsoft
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to drive Web three. So now you're starting to see and understand there's some
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movement here in Web three. Clearly devices are going to be a big factor.
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Mobile is already going in the right direction, and we've seen this interoperability
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and I think the vision of where Microsoft is trying to go with Xbox,
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they could play gaming into the perfect center around Web three gaming. All right,
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So when you think about interoperability, here is Axelar. This is one
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of the companies that Microsoft is working with. You kind of see right there
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on the enterprise side, but also on ex JP Morgan. So now we're
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getting into real world assets. There's the wallets that are tied into this.
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Don't forget here's a lot of the RBA's right there circle on provenance. Remember
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we just did a video on these last week, all this time together at
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the right time. Remember, gaming has also been one of the catalysts that
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we think pretty much bridges that gap which will create mass adoption, mass adoption
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into NFTs and crypto. Guess what's next, huge market moves. Here's another
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clip real quick. This goes into Sachi and the development Neadela and his theory
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and his ideas around gaming. Take a look, Microsoft was in gaming long
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before you know, we were into Windows. In fact, Flight Simulator I
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think was launched along before Windows was launched. So that's the one pure consumer
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entertainment category. I love the fact that gaming on a secular basis is probably
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going to be, if not already, the biggest entertainment category out there.
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So that's what it's interesting. I've not talked to Jensen about it, but
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one of the greatest sort of successes of GPUs that was fostered by innovation in
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gaming. Yeah, yeah, he's right. I mean that's right. Gaming
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was the catalyst for driving GPU to performance and GPO need And obviously he was
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talking about Jensen the CEO in video, but The point is this, and
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that is there's got to be a focus. So with Satya, what he's
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decided to do to focus in on this is he watched one of our videos
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on the Starbucks videos of film Dropping Odyssey, and he said, I'm out.
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I'm moving away from Starbucks. And this was after seven years. He
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pretty much jumped off of that, sent his resignation letter and said Starbucks is
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no longer seeing the future here and I got to focus on the future,
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which I agree with him. Further into this, Microsoft lays off their staff
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in the Hollow Lens. Now this may sound bad, but in reality this
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is positive because this now goes as a partnership with Meta starts to build and
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that I think is going to open up a lot more jobs because of the
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kind of integrations we will see moving forward. Now all of this, you
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have to remember see the two I'm just going to positive for a second.
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See the two logos right there on screen Microsoft Meta. You don't see the
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other logo that is typically considered in the device era, and that has been
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Apple. Apple has kind of gone their own way. I would have to
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say, you know, the vision pro was probably a bit of a problem
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and the reason we're kind of even talking about this today is WWTDC twenty four
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is happening, and supposedly this is going to be action packed. Coming on
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the tenth at ten am, we'll see if it is in fact action packed,
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because right now the future of Apple is at stake. Take a look
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at this next clip. What are you expecting from WWDC? Are you expecting
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anything that might change your price target or your viewing the company. I'm not
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convinced that Apple is going to do anything that's going to enable it to do
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much better. So to me, the vision pro is kind of the poster
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child for artificial intelligence and Apple, and it has not had a material impact
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to sales. Pretty bearish there. To man, you don't see any real
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upside here. You're not really seeing anything that might get either you excited or
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investors excited again on a near term basis. I think it's wonderful for Nvidia,
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for chips, it's wonderful for hyperscale cloud computing companies. You see this,
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Microsoft's now the most valuable market cap. Very bearissh, Tom, very
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brass right, Nancy, I'm going to come over to you. Obviously you're
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the more bullish between the two of us. You're an investor, Well,
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I think Tom's right on a lot of I do think I think Tom's right.
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They need WWDC to be impressive. Do you think that Apple would have
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to pay a fee to open AI? Apple doesn't like to do that.
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Dan, He's frozen. The question was either that good or that bad that
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he decided that that himself. He either stumped him or he's like this guy,
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this guy kid, He's like, hell, no, they're not going
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to pay a fee to open AI. That would be that would be sacrilegious.
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If you think about this, so visions too. Reportedly, it's not
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going to bring anything in terms of fundamental changes to Apple vision pro. This
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is a huge strategy mistake I think on behalf of Tim Cook and the Apple
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team, because there's something very wrong here in Silicon Valley. And what I
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mean by that is when you look at Apple and the evolution that it has
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brought in technology. Listen, I'm at one point and pretty much all I
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use as Apple devices. But the thing that traps you there is the ecosystem.
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And if they're not building on the ecosystem, they no longer have that
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tether to trap you. So we're seeing Microsoft Meta already making these huge moves.
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And if we see gaming get taking over, which really Apple has never
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really become a true gaming company, we could see the shift that everybody's been
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waiting for because eventually that trapped ecosystem wears off because you didn't bring in that
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next device, and the next device might be over at Microsoft and Meta.
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So there's a lot happening right now. This is maybe one of the most
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important wwdcs in the history of Apple and Tim Cook's tenure I predict something.
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If Apple does not get their hands around this, Tim Cook is out.
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I'm going to give him one year. One year, because that's how much
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of pressure it is on Apple right now. All right, let's go over
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here to Brian Berrinkman. He's talking about something. It's pretty cool because this
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right here is a pretty big deal. Augments are a fancy way of saying
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GLB digital collectibles. This is happening within Meta and augments really are a simple
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way of saying NFTs. All right, So here's another tweet right here from
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AI at Meta. So they're kind of moving to the next generation of NFTs,
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which is more of AI generated augments and NFTs. This of course,
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will be another big step in the right direction, which is what Apple is
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going to have to drop something massive on the market today or this week in
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terms of WFDC just to catch up, just to catch up, much less
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to lead going forward here, of course is this was another thing that was
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kind of interesting. We showed this not too long ago that Batman Arkham the
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story trailer got dropped during the summer game Fest, so it's out. This
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was a big deal. It's going to be a huge game, and it's
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going to be a huge i think event for the Quest and really kind of
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the future of Meta. But the cool thing here is is that this took
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a lot of foresight to get to this point, and I'll show you.
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Listen to this clip. It all started with a phone call from from Meta
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as we were wrapping up Ironman VR. I remember exactly where it was when
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I got the phone call, and that was three and a half years ago,
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and we weren't sure if we were going to hit performance on when we
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were developing early on, when we only had access to Quest two for example,
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knowing that the next hardware was coming, and so what a sigh of
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relief for the team when not only relieve, but pleasantly surprised at the degree
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of which the hardware was able to handle the game. What really makes Batman
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special, and one of them is like the new er aspect of Batman,
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right and the lighting and the high contrast right right point to some other good,
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you know, great looking quest games that do real time shadows will be
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that. We're going to do it. Guys. There's sometimes a little bit
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of sense of guilt where you're working on this game. You're like, hey,
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buy this hardware to play this game, but you know that maybe there's
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not a deep catalog. You don't want people to have buyers remorse right when
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Arkham Shadow come out and hopefully we do our jobs right and deliver a great
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game. I'm so excited that people will when they when they finish the game.
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They've got dozens and dozens and dozens of terrific content that has been built
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up over the years. All Right, So as you see kind of everything
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lining up toward the holiday season, Remember Meta does huge numbers during the holiday
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season. I imagine we're going to see the trim down version of the Meta
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Quest three that's probably going to explode as well as the Metaquest three itself continuing,
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You've got Boss Fighters also releasing out here on the holiday season that is
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tied into it. You've got Gym Vibe also tied into the holiday season most
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likely. Remember one thing with Jim Vibe is there's a way to earn rewards
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and incentives, incentives from meeting your goals. So think about that in way
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of tokens, air drops, achievement levels, all that could end up being
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much like a helium or even something that we've seen out there in some of
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the projects that are kind of the moved earn concept. I think that is
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where we could see some pretty cool things happening with Meta. Here's another tweet
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right here. Of course, Off the Grid also coming out possibly during the
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holiday season, So get ready. This is course tying in Avalanche and they're
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tie into Xbox. This is just more flowing into kind of the where the
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future of all of the gaming is going and how tied into Web three it
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could potentially be. I want to end up here with this last clip that
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gets into a little bit more of where Zuckerberg was two years ago. This
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is a two year old clip. You can kind of see what he was
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thinking. Take a look. So interoperability is important. I think NFTs in
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the blockchain will hopefully unlock that. I think it's really important to build out
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the infrastructure in the rails so that way developers can have things transfer between if
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they want to. And I would imagine that if we make this pretty easy
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for it to be interoperable, then a lot of developers will choose for that
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to be the case, even if not everyone does. And we're also going
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to work on augmented reality NFTs, basically three D NFTs that you can bring
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to Instagram Stories using spark Ars. That's our our kind of software AR platform,
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so you can put this kind of digital art into three D spaces and
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kind of project it onto onto physical spaces as well. You know, people
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already experimenting with this on with a bunch of NFTs outside of our services,
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and that seems like one important use case to support over time. Well,
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I mean, I think one of the solutions is you can build an AI
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system that can help adapt the piece of content so that way, Okay,
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here's what the sweater would look like on a photo realistic version of you.
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Here's what the sweater would look like on the stylized kind of cartoon version of
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you. Here's what it might look like on the Dragon version of you.
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Yeah. I mean, one of the things that we're working on for Horizon
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is basically the ability to just import anything. You know, if it's if
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it's less valuable, if you can't use it as many cases, then you're
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probably not gonna be willing to pay as much for it, which means that
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now the creator is either not going to have as many sales or people aren't
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going to be as interested in it. So the AI, I think,
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is going to unlock a ton of use cases like this. Just like Microsoft
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sort of found this equilibrium where the open source movement's growth actually contributed to their
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success as a company over time, I actually think the same should be true
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for us. That's why I'm so committed to Web three and NFTs. And
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even though you know, a lot of the use cases aren't necessarily all sorted
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out yet, I believe that a lot more will get sorted out over the
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next five years. And when I look at a new technology that doesn't do
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something yet, my instinct is, oh, it probably just doesn't do that
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yet, not it can't ever possibly happen. With Quest two, for example,
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it wasn't just that you know, a lot more people have bought it
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and use it than quest one. It's that there are completely new use cases
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now. Fitness just kind of came out of nowhere. I don't know.
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I mean, maybe in the future some of the people are skeptical will still
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not actually like the use case that they're complaining about, But I think that
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they'll like all the additional content that is now possible because there is a robust
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economy around the metaverse, all right. So he hit on many things there
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that actually have come to light. Fitness was his most recent one that he
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talked about. Fitness will become one of the major milestones and probably categories within
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not only AI, but also within the use of what we'll see around ARVR.
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The other thing he hit on a lot was the use of NFTs and
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how digital assets were going to pretty much transcend the next generation of gaming.
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He hit on that, and then he also hit on AI and how important
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this was. Remember this is two years ago. Two years ago, Open
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AI was just barely getting off the ground, hardly No there was no chat,
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GBT, there was none of this out there, and Zuck was out
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there pushing this agenda forward. So they had clearly a good roadmap going forward.
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So can you imagine if they had that two years ago, Imagine what
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they're setting on right now. Think about that for a second. All right,
18:48
If you're not tuned in on the Diamond Circle, get in right now.
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We'll catch you next time right here on tech Path