Latest / The Paul Barron Crypto Show / Japan's Multi-BILLION $ Crypto Master Plan in 2026!♟️Yat Siu ANIMOCA BRANDS🚨

Transcript

Japan's Multi-BILLION $ Crypto Master Plan in 2026!♟️Yat Siu ANIMOCA BRANDS🚨 · The Paul Barron Crypto Show

0:00
Speaker 1: Let's get into Japan's master plan, and today is going
0:02
Speaker 1: to be a good one because we will have a
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Speaker 1: special guest Yachts who will be joining us here soon
0:06
Speaker 1: from Animoka Brands. But I wanted to kind of remind
0:09
Speaker 1: you guys that we did a video earlier in the
0:11
Speaker 1: week that was one that I think gets into a
0:14
Speaker 1: little bit of detail of what's happening in the market
0:18
Speaker 1: in general. The only difference was is that during this
0:21
Speaker 1: video we didn't really touch on this topic. We wanted
0:24
Speaker 1: to reserve it for this one today, So today we'll
0:27
Speaker 1: be breaking it all down for you to dive into that.
0:30
Speaker 1: One of the things also, if you kind of consider
0:32
Speaker 1: where the market is going, both with Japan and the
0:36
Speaker 1: strategies that they've been doing over the last several months,
0:40
Speaker 1: what we're seeing now is a little bit of more
0:43
Speaker 1: of a cohesive effort. An example would be this tweet
0:46
Speaker 1: right here, which of course is Japan's Satsuki Katayama now
0:50
Speaker 1: supporting crypto integrations across traditional markets. This is a pretty
0:54
Speaker 1: big deal because, as you'll remember, the Japanese Prime Minister
0:58
Speaker 1: have also kind of gone all in on where crypto
1:02
Speaker 1: is going. But more likely, or more importantly, it's very
1:05
Speaker 1: tied into what's going on with some key companies. One
1:09
Speaker 1: of those key companies, of course is Sonium and there's
1:12
Speaker 1: Soda talking about Japan's first backed banked yen based stable coin.
1:17
Speaker 1: This will be available in June of this year. Very
1:20
Speaker 1: key points that I want to hit on here because
1:22
Speaker 1: there's a lot of dates that will coordinate up through
1:27
Speaker 1: Q one and through Q two of this year around
1:31
Speaker 1: all of this stuff. And of course with that, you've
1:34
Speaker 1: also got some things happening in general around token ised
1:37
Speaker 1: stocks and just to give an example of this, let
1:40
Speaker 1: me show you stocks all right coming soon. That's something
1:44
Speaker 1: that I think will continue to indicate where we are
1:48
Speaker 1: going in a tokenized world. The Japanese market seems to
1:51
Speaker 1: be leading it. So it's going to be a good
1:53
Speaker 1: one to get into today with Yatsu. And I want
1:56
Speaker 1: to bring on Yatsu of Anamoka Brands. You guys have
2:00
Speaker 1: seen him on the show many times. Yeah, se, how
2:02
Speaker 1: are you very good?
2:03
Speaker 2: Thank you for having me on the show again, and
2:04
Speaker 2: happy New Year everyone.
2:06
Speaker 1: Yeah, that's a good one. So yeah, So I wanted
2:08
Speaker 1: to lead off today's episode with you with some breaking
2:12
Speaker 1: news from CEES and this was specific to Sony and Honda.
2:19
Speaker 1: I want to go to that clip because this is
2:21
Speaker 1: an interesting play. Take a look.
2:23
Speaker 3: We're bringing remote play to cars for the first time.
2:27
Speaker 3: This is the console in the car. We're crafting a
2:30
Speaker 3: unique audio, visual, interactive experience that will appeal to gaming fans.
2:35
Speaker 4: This include in baker apps and the rich krafta to
2:39
Speaker 4: have the abstery open co creation with creators, we are
2:44
Speaker 4: viverding and Onte mobilitys habisprat home driven by crypto technology
2:51
Speaker 4: and the token based in centimonial. This brat home will
2:55
Speaker 4: be able to not only to son but also to
3:00
Speaker 4: other automotive audience and SABS providers. This enables developed path
3:06
Speaker 4: to create entirely new obility application. Latterly the transform the
3:13
Speaker 4: in cabin experience.
3:16
Speaker 1: All right, so yeah, to a lot of things coming
3:18
Speaker 1: now to our cars of the future. Tasla. Of course
3:21
Speaker 1: we've seen move in this direction, but not to this scale.
3:24
Speaker 1: Hand is making a big step with Sony. What do
3:27
Speaker 1: you make of this? Is this something big or not?
3:29
Speaker 2: I think it's big. I think one of the things
3:31
Speaker 2: that you find interesting about Japan versus the rest of
3:33
Speaker 2: the world is that Japan's sort of sort of crypto
3:37
Speaker 2: innovation and particularly when it comes to digital assets and
3:39
Speaker 2: blockchain technology is very enterprise driven, as in it's coming
3:42
Speaker 2: quite top down versus many other places where it tends
3:45
Speaker 2: to have come more bottom up, meaning that you've got
3:48
Speaker 2: enterprises like Sony or even the banks, or you've got
3:52
Speaker 2: like you know, in this case, Honda, right, all integrating
3:54
Speaker 2: that tech. When you think about sort of the longer
3:56
Speaker 2: and longer term, how many people are actually going to
3:59
Speaker 2: be driving their cars? Right, I mean right now, in
4:01
Speaker 2: the short term it kind of looks like, oh, okay, sure,
4:04
Speaker 2: I mean, you know, why would I do that? And
4:05
Speaker 2: it could be a safety issue. But actually, in the
4:08
Speaker 2: not so distant future, I mean, as we have seen already,
4:11
Speaker 2: cars are going to be completely self driving. And so
4:13
Speaker 2: if you're self driving and that's all okay, then what
4:15
Speaker 2: are you going to be doing sitting in your commute,
4:17
Speaker 2: especially in places like America where you could literally be
4:20
Speaker 2: commuting to work for one or two hours, three hours
4:22
Speaker 2: in some cases, right instead of basically sitting on a train,
4:25
Speaker 2: you basically just the car to go you there, and
4:27
Speaker 2: you want to get the car that probably has the
4:29
Speaker 2: best XR experience in some form, or that has the
4:31
Speaker 2: best sort of you know, visual audio experience that you're
4:33
Speaker 2: sitting there. I mean, you have to imagine that the
4:36
Speaker 2: future car isn't going to be just the enjoyment of riding.
4:39
Speaker 2: The idea of comfort is, you know, very different than
4:43
Speaker 2: it was before. And the parallel to me is what
4:45
Speaker 2: was our idea of the perfect living room thirty forty
4:48
Speaker 2: years ago is very different than what it is today
4:50
Speaker 2: or when it was even twenty years ago. Right, every
4:53
Speaker 2: living room has a big TV now, right that has
4:56
Speaker 2: got incredible audio experiences with like a console that you
4:59
Speaker 2: can play at any time, for instance, and that's actually
5:02
Speaker 2: what you expect. And transporting that living room experience into
5:06
Speaker 2: essentially a mobile living room, if you will, is probably
5:08
Speaker 2: the car of the future. So I think it's pretty smart.
5:11
Speaker 2: What I think is really interesting is the integration of
5:13
Speaker 2: essentially blockchain and specifically mentioning crypto technology, which of course
5:18
Speaker 2: is blockchain based on tokenization as at Next Frontier, so
5:21
Speaker 2: very exciting.
5:22
Speaker 1: Well, the fact that you've got two of Japan's Titans,
5:26
Speaker 1: which of course is Sony and Honda coordinating on this,
5:30
Speaker 1: and the fact that they are all in along with
5:33
Speaker 1: what seems to be the government of Japan also looking
5:36
Speaker 1: at tokenization becoming a next generation technology and framework, maybe
5:43
Speaker 1: even societal shift. I would agree with you. You add
5:46
Speaker 1: this along with some of the tech that's coming out
5:48
Speaker 1: in these cars, it'll be interesting if they can arrival
5:50
Speaker 1: some of the things coming out of China, for sure.
5:52
Speaker 2: Well, I think it's also going to push the rest
5:54
Speaker 2: of the world as well, right, I mean, because this
5:56
Speaker 2: technology is going to start coming into basically the global sphere,
6:00
Speaker 2: we shouldn't forget that the largest distributors and creators of
6:03
Speaker 2: cars effectively still Japan, right, you know, I mean, you know,
6:06
Speaker 2: whether it's Toyota, Honda, Nissan, whichever, And so that technology
6:10
Speaker 2: basically going to the rest of the world and integrating,
6:13
Speaker 2: which is kind of one of our sort of initial
6:15
Speaker 2: predictions for the near to sort of near to midterm,
6:18
Speaker 2: which is that a lot of the trends that we're
6:20
Speaker 2: going to see in blockchain technologies where blockchain is basically
6:23
Speaker 2: on the back end and you don't really get to
6:25
Speaker 2: see it. And I think we're entering the phase where
6:28
Speaker 2: we no longer talk about you know, it's early stages,
6:30
Speaker 2: but we're entering the phase where just like how we
6:32
Speaker 2: don't talk about MP three's anymore we just call it music.
6:35
Speaker 2: We're entering a phase where blockchain technology is sitting on
6:38
Speaker 2: the back and it's doing all the cool things that
6:40
Speaker 2: you can only do through blockchain, but the end user
6:42
Speaker 2: may not even care what that is. It's just sort
6:44
Speaker 2: of the sort of sort of very sort of seamless integration.
6:47
Speaker 1: Speaking of that, at CEES, x Reel released two new
6:53
Speaker 1: devices which were interesting to me in the fence in
6:56
Speaker 1: the sense that they were one very cost competitor. I
6:59
Speaker 1: think one of the things they had actually dropped the
7:01
Speaker 1: price on for some of what x reel was doing
7:04
Speaker 1: before Project Aura. And I want to share this with
7:07
Speaker 1: you because this was the Project Aura that they of
7:10
Speaker 1: course have dropped. This is coming on Android. I want
7:13
Speaker 1: to go to a clip because this is x reel
7:15
Speaker 1: and Asus doing their announcement. This is where I think
7:19
Speaker 1: it starts to connect the dots.
7:21
Speaker 5: Take a look.
7:50
Speaker 1: To me, that is that's pretty sexy. I mean, think
7:53
Speaker 1: about that. I think Meta and Apple are shaking in
7:57
Speaker 1: their boots right now because that interface, the quick one,
8:01
Speaker 1: the size of it, and also just the way that
8:03
Speaker 1: it interfaces into Asus, which is rog one of the
8:06
Speaker 1: biggest gaming platforms out there. Do you feel like this
8:09
Speaker 1: is going to get the uptake that we've seen on
8:12
Speaker 1: social and mobile in general.
8:15
Speaker 2: If you look historically between whether it's console adoption or
8:18
Speaker 2: whether it's essentially this kind of sort of late generation hardware.
8:21
Speaker 2: So gaming tends to be one of the key drivers
8:23
Speaker 2: around that, and it's that core audience that once essentially
8:26
Speaker 2: get the better, more efficient, more sexy, you know, more
8:29
Speaker 2: whatever experience that they can drive out of it. Right
8:32
Speaker 2: at the end of the day, you know, we should
8:34
Speaker 2: be reminded of the fact that video wouldn't have been
8:36
Speaker 2: here today if it wasn't for all the gamers out
8:37
Speaker 2: there who said, I need to play a Call of
8:39
Speaker 2: Duty better than I did before. Right, so I'm going
8:42
Speaker 2: to go basically by a more expensive graphic card. And
8:45
Speaker 2: it's kind of fascinating when you think about it that
8:47
Speaker 2: we ended up sort of funding what ultimately became the
8:50
Speaker 2: world's AI engine, which of course is transformational from a
8:53
Speaker 2: very different way, but it happened through gaming and entertainment
8:56
Speaker 2: because we demand it essentially a better experience, right, And
8:59
Speaker 2: you know, I've been involved in the space where you know,
9:02
Speaker 2: back in the days where we're working on VRML in
9:04
Speaker 2: the nineties, trying to sort of make that a reality
9:06
Speaker 2: in some form or the other. And the challenge was
9:10
Speaker 2: that was that it was simply not a better experience, right,
9:14
Speaker 2: And the better experience is still having a better screen
9:17
Speaker 2: or bigger screen or a curved screen or whatever that
9:20
Speaker 2: experience would be, right, And so glasses remained inferior. And
9:23
Speaker 2: I think we're hitting this point but not quite yet
9:26
Speaker 2: where glasses are becoming superior, right. And when glasses become superior,
9:30
Speaker 2: the shift will happen, but it won't happen because the
9:32
Speaker 2: regular person is going to go we think, you know
9:35
Speaker 2: it'd say, oh, you know what, I want to have
9:36
Speaker 2: this glass is really cool. It's usually the early adopter, right,
9:39
Speaker 2: And it's the classic kind of adoption curve right where
9:42
Speaker 2: you have essentially the innovators they buy anything that's new, right,
9:45
Speaker 2: and that's kind of the phase that's being powered right now.
9:47
Speaker 2: But when the early adopters go in and say, he
9:49
Speaker 2: hold on a second, this is kind of really cool
9:51
Speaker 2: and I can use this, right, and then their social
9:54
Speaker 2: network that they sort of proclaim it to say hey,
9:57
Speaker 2: this is practical and useful, and then applications build. So
10:00
Speaker 2: what we really need to get to is around one
10:02
Speaker 2: hundred and fifty to two hundred million people who actually
10:04
Speaker 2: use these classes on a regular basis to actually make
10:07
Speaker 2: this an industry that becomes much more sustainable in a
10:10
Speaker 2: way that smartphone adoption and a PC adoption or console
10:12
Speaker 2: adoption all ended up developing in this fashion. And I
10:15
Speaker 2: think we're going to get there. We're just not quite
10:18
Speaker 2: there yet in terms of being better than the screen,
10:20
Speaker 2: but you can see it happening. This RG integration is
10:23
Speaker 2: sort of one example of that.
10:25
Speaker 1: Yeah, I think this is a good move by x Rael.
10:27
Speaker 1: The other thing that it starts to bridge the gap into,
10:30
Speaker 1: of course, is the Behemoth Games. If you look back
10:33
Speaker 1: and how far we've been covering this, this has been
10:35
Speaker 1: on our channel for quite some time with you even,
10:39
Speaker 1: and that is talking about GTA six. So what could
10:43
Speaker 1: be a stable coin or an in game digital asset,
10:46
Speaker 1: what might look with in terms of NFTs coming. I
10:50
Speaker 1: mean we've been reporting on this for almost three years,
10:52
Speaker 1: all the way back to the Mega mergers. And then
10:54
Speaker 1: you look at this situation right here where Japan has
10:58
Speaker 1: kind of gone all in and Sonium is now aligned
11:01
Speaker 1: with Japan. You have the Prime Minister going over there
11:05
Speaker 1: and basically saying definitely want to double down on where
11:08
Speaker 1: crypto is going. It's like it's going to happen in
11:11
Speaker 1: twenty twenty six. What do you think the Japanese are
11:14
Speaker 1: up to around the integration of blockchain?
11:16
Speaker 2: Well, I mean, first of all, Japan has always been
11:18
Speaker 2: looking at this as an industry of high interest. You know,
11:22
Speaker 2: the Finance Minister is actually pro crypto, which is great.
11:26
Speaker 2: We already have basically sort of early forms of stable coins,
11:29
Speaker 2: although not quite stable coins in the way that we
11:30
Speaker 2: think of tether en circle, you know, with JPIIC. But
11:34
Speaker 2: you know banks are getting into the game as well, right,
11:36
Speaker 2: you know, Japan has been pushing, you know, really for
11:38
Speaker 2: a while now this sort of vision of new form
11:41
Speaker 2: of capitalism. And really what this new form of capitalism
11:44
Speaker 2: vision has been about is how do we basically sort
11:47
Speaker 2: of make Japan grow again, because for people who might
11:51
Speaker 2: not understand the economic circumstance of Japan, it's kind of
11:54
Speaker 2: been struggling. And it's struggling not because it isn't a
11:57
Speaker 2: sort of you know, powerhouse in its own way in
11:59
Speaker 2: some form of fashions. It's got a demographic problem, a
12:01
Speaker 2: really big demographic problem in the sense that I think
12:04
Speaker 2: the prediction is that over the next sort of twenty
12:06
Speaker 2: years or so, you know, Japan will depopulate by almost
12:09
Speaker 2: a third because it doesn't have essentially the same kind
12:12
Speaker 2: of immigration structure as other nations has, which is, by
12:15
Speaker 2: the way, also one of the reasons why Japan is
12:17
Speaker 2: so fascinated with robotics, right, And one of the things
12:19
Speaker 2: that you'll notice for those of you who visit Japan,
12:22
Speaker 2: there's actually, you know, pet stores everywhere, right, and that's
12:27
Speaker 2: because people having more pets than their have teen children.
12:29
Speaker 2: So it's just kind of one of those sort of
12:31
Speaker 2: interesting sort of I guess, social demographic situations. And the
12:34
Speaker 2: other problem that Japan had also is that essentially domestically
12:38
Speaker 2: zero inflation because of the fiscal monetary policy. I mean,
12:41
Speaker 2: Japan is really the granddaddy, really, if you think about it,
12:44
Speaker 2: the granddaddy of you know, a qi. You can essentially,
12:47
Speaker 2: up until recently, you can essentially buy goods for pretty
12:51
Speaker 2: much the same price that you could twenty to thirty
12:53
Speaker 2: years ago. Think about that. I mean, that's insane. Of course,
12:56
Speaker 2: the Japanese en would devalue externally in Japan, it'd be subsidized,
13:02
Speaker 2: and so when you go to the countryside. I think
13:04
Speaker 2: just just as little as a year and a half ago,
13:06
Speaker 2: you could probably buy a soft rink for the same
13:08
Speaker 2: price that you could twenty or thirty years ago. And
13:11
Speaker 2: what has done is created a nation that I wouldn't
13:14
Speaker 2: say is complacent. They're not complacent. They're hardworking, but when
13:18
Speaker 2: it comes to money, essentially didn't understand what was happening
13:21
Speaker 2: in the rest of the world because the pressure wasn't there,
13:24
Speaker 2: and you know, wage inflation, for instance, was only introduced
13:27
Speaker 2: like a couple of years ago, you know, and the
13:30
Speaker 2: whole sort of you know, a Japan carry trade unwinding
13:33
Speaker 2: is a result of Japan coming out and saying, you
13:36
Speaker 2: know what, this is not sustainable for us, so anymore,
13:38
Speaker 2: we need to change our model. We need to basically
13:40
Speaker 2: start essentially sort of you know, reintegrating with the capitalist
13:43
Speaker 2: system in the world, start charging actually some interest and
13:47
Speaker 2: increasing that cost. Because the Japan carry trade was a
13:50
Speaker 2: multi trillion dollar basically trade that in many ways affected
13:53
Speaker 2: things like the price of bitcoin even you know, from
13:56
Speaker 2: risk acid standpoint, people people basically sort of lost a
13:59
Speaker 2: cheap source of funding, which is bussing subsidized by Japan. Right,
14:02
Speaker 2: So it does a big impact around that. So it's
14:04
Speaker 2: not to be viewed only what happens to Japan, but
14:07
Speaker 2: actually it effects entire funding models as a result of it.
14:09
Speaker 2: Is because Japan is going to inch closer and closer
14:12
Speaker 2: and eventually get to a point where it will match
14:14
Speaker 2: interest rates that they have in the rest of the
14:15
Speaker 2: world over time, and that means that they have to
14:18
Speaker 2: grow essentially the economies, and they have to innovate, and
14:21
Speaker 2: they have to invest, and of course crypto is one
14:24
Speaker 2: of those areas of sort of big investment focus and
14:27
Speaker 2: growth potential that Japan does not want to miss out on,
14:30
Speaker 2: and so they've been quite forward around this and with
14:32
Speaker 2: the regulations and changes. So it's generally very positive. But
14:35
Speaker 2: I would say Japan's problem is sort of macro in
14:40
Speaker 2: that construct, and so they're trying all these tools to
14:42
Speaker 2: essentially sort of you know, bring Japan out of its
14:45
Speaker 2: sort of growth sagnation as it were. You know, one
14:47
Speaker 2: of the reasons why Honda is talking about crypto, you know,
14:50
Speaker 2: essentially in the public forum, is because the Japanese government
14:53
Speaker 2: is like, you know, pro blockchain, and you know, guess what,
14:56
Speaker 2: the US government is also pro block chain, right, and well,
15:00
Speaker 2: actually what we believe is that once a Clarity Act
15:02
Speaker 2: finally passes Congress, which we do believe will happened next year,
15:06
Speaker 2: sorry this year, right, then basically every other company out
15:10
Speaker 2: there can finally openly talk about tokenization and blockchain and
15:14
Speaker 2: integration of cryptotechnology, because it's not just about a stable coin, right,
15:17
Speaker 2: They've got a framework that they can do so that
15:19
Speaker 2: wouldn't be considered a security. So I think that's basically
15:22
Speaker 2: going to happen in an accelerated fashion. And well, Japan
15:25
Speaker 2: has a lot of influence, US is much more influence, right,
15:27
Speaker 2: and so I actually think the path to mass adoption
15:30
Speaker 2: and mass growth in this area, particularly when it comes
15:33
Speaker 2: to broad tokenization, not just our debrias but all coins
15:36
Speaker 2: and everything, is going to basically sort of drive that
15:38
Speaker 2: for twenty twenty six, which basically makes us very bullish
15:42
Speaker 2: overall for the year. Sort of the thematic that we
15:45
Speaker 2: think of twenty twenty six or twenty five, really the
15:48
Speaker 2: history is it's deferral, shall we say, right, So things
15:51
Speaker 2: that happened in twenty five are now happening in twenty six.
15:54
Speaker 2: So that's our perspective. So we do think, you know,
15:57
Speaker 2: I know there's some people who disagree on this one.
15:59
Speaker 2: But we do think that twenty six will actually be
16:01
Speaker 2: a very good year for crypto because things like what's
16:04
Speaker 2: going to happen in the midterms have already been broadly
16:06
Speaker 2: baked in. Institutional interest and adoption remains fairly strong right now.
16:11
Speaker 2: The fact that gold and silver have accelerated up is actually,
16:14
Speaker 2: we think a good signal because essentially, you know, people
16:17
Speaker 2: cycle out capital for faster and better growth opportunities. Right.
16:21
Speaker 2: The micro strategies of the world aren't going to stop
16:23
Speaker 2: buying bitcoin, right And you know, I know a lot
16:26
Speaker 2: of people talk about the four year cycle. We're not
16:28
Speaker 2: believers in it. Let's called the bitcoin religion. And however,
16:32
Speaker 2: what's happened is that the people who own the bitcoin,
16:35
Speaker 2: which are all the sort of bitcoin ogs, they believe
16:37
Speaker 2: in it, right, And so it's not math that is
16:40
Speaker 2: making the four year cycle work. It's the people who
16:43
Speaker 2: own it, who've been doing this tradition for the last
16:45
Speaker 2: you know, basically decade plus, right, are saying, we believe
16:49
Speaker 2: in this, and we relieved this. That's why I call
16:50
Speaker 2: it like religion. But as more institutions are adopting it,
16:53
Speaker 2: as more people are buying it basically as a store
16:55
Speaker 2: value that that cycle will slowly diminish, and I think
16:58
Speaker 2: we're hitting the binnings of that as we move much
17:02
Speaker 2: more institutional, and I do think the social adoptions will
17:04
Speaker 2: be big.
17:05
Speaker 1: I want to play a clip for you that is
17:06
Speaker 1: a recap from what the Japanese have been doing along
17:11
Speaker 1: with in general kind of some of the things we've
17:14
Speaker 1: been following for quite some time and how all of
17:17
Speaker 1: this is coming to a head right now.
17:19
Speaker 5: Let's go to that clip.
17:20
Speaker 6: So basically, should you eat Sumi? He became Sega's new
17:23
Speaker 6: president and cooh back in twenty nineteen.
17:25
Speaker 7: And may have twenty twenty one. Sega revealed there in
17:27
Speaker 7: one of the financial presentations that they're working on the
17:30
Speaker 7: creation of a super game that will be released by
17:32
Speaker 7: the end of March of twenty twenty six. They will
17:34
Speaker 7: have elements of the Metaverse. They seem to be a
17:36
Speaker 7: collection of games to interact with one another and are
17:39
Speaker 7: just single player games.
17:40
Speaker 8: So it's not only games but also community use out
17:43
Speaker 8: your contents.
17:45
Speaker 1: And they're all going to have a lot of funding
17:47
Speaker 1: into them.
17:48
Speaker 3: Eight hundred and eighty two million ain't no jump change,
17:51
Speaker 3: And this project might even include acquiring other game companies gets.
17:56
Speaker 2: A bit more of a dipping your toes into the
17:58
Speaker 2: web three tech.
17:59
Speaker 8: Yeah, someone like.
18:00
Speaker 2: You sometime in twenty twenty six.
18:03
Speaker 1: Is that correct?
18:04
Speaker 2: Could be?
18:05
Speaker 6: Could be?
18:05
Speaker 1: Yes.
18:06
Speaker 6: Sega wants to be basically view Rock and Roll of gaming,
18:09
Speaker 6: while the arrival Nintendo thrives and being the pop music
18:11
Speaker 6: of gaming.
18:12
Speaker 8: We're trying to be wild. It's higher risk by potentially
18:16
Speaker 8: Hio return.
18:17
Speaker 6: He worked at Sega for a bit on iconic games
18:19
Speaker 6: like Sonica Adventure and Jet Set Radio, then went away
18:22
Speaker 6: to help launch the PlayStation in the US and worked
18:25
Speaker 6: on major titles like Crash of Bandicoo, and also went
18:27
Speaker 6: to Disney to help with Kingdom Hearts.
18:29
Speaker 8: You know, I think I want to say this is
18:32
Speaker 8: going to be my greatest achieve might carry you bold woods,
18:40
Speaker 8: bold words.
18:42
Speaker 1: All right, So you saw kind of a good lineup
18:44
Speaker 1: there for Sega and this strategy that they've been implementing
18:47
Speaker 1: for some time. What blockchain would Sega use? Do you
18:51
Speaker 1: think it'd be an E player two like Sonium? What
18:54
Speaker 1: do you what do you think would happen?
18:56
Speaker 2: Uh So, Yeah, I mean I think in terms of
18:58
Speaker 2: what blockchain they're going to use, I think one of
19:02
Speaker 2: the things that that's been interesting on the experience with
19:04
Speaker 2: with with Sony on Sonaum is that they've discovered essentially
19:08
Speaker 2: that when you are in L two or an L
19:10
Speaker 2: three or whatever structure you want to be, ultimately you
19:14
Speaker 2: you don't have censorship resistance, which is the benefit of blockchain,
19:17
Speaker 2: but perhaps the struggle for IP protection if you're looking
19:20
Speaker 2: at it as a transaction layer purely as a transaction
19:23
Speaker 2: layer and L two and L three and EVM layer
19:25
Speaker 2: does make sense. But I think there is a trend
19:27
Speaker 2: where people are thinking about how do I basically, especially
19:30
Speaker 2: in Japan more so than other countries, are thinking about
19:33
Speaker 2: how do you manage this in a way where you
19:35
Speaker 2: can have certain kind of censorship protection, right, And so
19:38
Speaker 2: basically they might be looking at essentially sort of you know,
19:40
Speaker 2: l ones as well. And again it depends on how
19:42
Speaker 2: sophicity you're thinking about it. But the Sonaum sort of
19:45
Speaker 2: launched has revealed some interesting flaws. And I wouldn't say
19:49
Speaker 2: it's flaws per se, because that's the whole point about essentially,
19:51
Speaker 2: you know, permission less technology. But you know, when you
19:54
Speaker 2: look at it the institutional direction, you know there is
19:57
Speaker 2: a difference here, right when you know, one hand, you
19:59
Speaker 2: have sort of privacy, you know, manero, z cash, that
20:02
Speaker 2: type of stuff right right in your bitcoin. But then
20:05
Speaker 2: you have the other thing, where's the bitcoin being held,
20:07
Speaker 2: whether the bitcoin is now being held by institutions, it's
20:09
Speaker 2: sitting in black rock, you know, who basically hold your keys,
20:12
Speaker 2: so to speak. Right, So we're in this sort of
20:13
Speaker 2: interesting scenario in this debate where really sort of at
20:17
Speaker 2: the meta level, it's around you know, basically sort of
20:20
Speaker 2: having essentially sort of sovereignty over the acid and the
20:24
Speaker 2: censorship resistant nature. Or do you essentially give it to
20:26
Speaker 2: the institution and trust the institution to handle it for
20:29
Speaker 2: you and sort of quasi police it on your behalf, right,
20:33
Speaker 2: which is kind of against what the original vision of
20:35
Speaker 2: crypto was. But the world is moving towards it, and
20:38
Speaker 2: I think it's inevitable at this point if you want
20:40
Speaker 2: to integrate crypto there. So the takeover of essentially crypto
20:43
Speaker 2: going into the institution is looking quite different as wholes
20:47
Speaker 2: is the case, right, you know? So, so I think
20:51
Speaker 2: the right approach for them would probably think about it
20:54
Speaker 2: as a platform as an l one, right, And I
20:57
Speaker 2: know a lot of people talk about app chains and
20:59
Speaker 2: I think of those as a kind of new type
21:01
Speaker 2: of app chain, but it would operate as an L
21:03
Speaker 2: one because they need more control over it versus basically
21:07
Speaker 2: an L two, which of course ease is fine, but
21:09
Speaker 2: maybe for next level companies would be sufficient.
21:12
Speaker 1: It's presenting problems that we all know have existed. I
21:16
Speaker 1: think the real question is how to major companies who
21:20
Speaker 1: are trying to protect certain things, certain privacy elements that
21:23
Speaker 1: do play into this, are going to decide on how
21:26
Speaker 1: to move forward. So it's a big one. What about
21:28
Speaker 1: with in general, if you look at just Sony's that
21:32
Speaker 1: position in Japan, could they be positioning Japan as maybe
21:36
Speaker 1: the world's largest casino? I guess in essence, you know,
21:39
Speaker 1: because you're talking about gaming now, that would be for
21:43
Speaker 1: potentially value. What do you think about that?
21:46
Speaker 2: Okay, so a couple of things in Japan. I mean,
21:49
Speaker 2: obviously there is a gambling like culture with pachinko machines
21:52
Speaker 2: and so on. However, this is a regulated activity, and
21:55
Speaker 2: that is, by the way, the reason why in Japan
21:58
Speaker 2: and if t's and tokens in side games, the whole
22:00
Speaker 2: plate to earned construct and Korea is similar, is actually
22:03
Speaker 2: not permitted considered in the same vein as gambling. So
22:08
Speaker 2: if you essentially play to earn, you'll notice it. So
22:10
Speaker 2: Japanese game companies that are doing plate to earn don't
22:12
Speaker 2: offer the service in Japan, and that's because right now
22:15
Speaker 2: it's within an of that regime. Interesting enough, but that's
22:17
Speaker 2: because they've had to grapple with that for quite some
22:20
Speaker 2: time because of the advancement that they've had. Like Japan,
22:22
Speaker 2: for instance, has rules and regulations around loop boxes, most
22:25
Speaker 2: countries do not, because they essentially had to deal with
22:28
Speaker 2: this much earlier on. Because literally, back in the earliest
22:31
Speaker 2: of days, basically you know, kids would spend you know,
22:33
Speaker 2: and adults as well would spend ungodly amounts of money
22:36
Speaker 2: to get the virtual items that they wanted because they
22:38
Speaker 2: considered the valuable. Of course, right the government had to
22:41
Speaker 2: ask Square Enix to release Final Fantasy not on the
22:44
Speaker 2: school day and not during school hours otherwise that means
22:49
Speaker 2: but the point is is that that culture was so
22:51
Speaker 2: deeply embedded with that gaming culture that they understood it
22:55
Speaker 2: so well that they had to basically be more advanced
22:57
Speaker 2: in those rules and regulations than other places. However, having
23:01
Speaker 2: said that, that doesn't mean that blockchain technology won't be
23:04
Speaker 2: used inside these games and can't be used in this manner.
23:07
Speaker 2: It will, It's just a matter of evolving because there
23:09
Speaker 2: is a tension. You know, the government is being lobbied around. Hey,
23:13
Speaker 2: you know what player to earn in this format should
23:16
Speaker 2: not be considered essentially sort of gambling in the same
23:19
Speaker 2: way that loop boxes isn't considered gambling if it is
23:21
Speaker 2: in a certain format structure. And I think we'll see
23:24
Speaker 2: this kind of iteration happening in other places around the world.
23:27
Speaker 2: But of course, the excitement in Japan back in the
23:30
Speaker 2: early days already around sort of NFTs and the technology
23:33
Speaker 2: of having digital ownership, true digital ownership of your gaming
23:36
Speaker 2: items was very, very strong because it was so valuable
23:39
Speaker 2: to them already intrinsically. Right, So I think Japan, you know, Korea,
23:44
Speaker 2: I mean I said this on your show earlier. Asia
23:46
Speaker 2: tends to lead in this category anyway. You know, most
23:49
Speaker 2: people in the Japanese and Korean government today will have
23:53
Speaker 2: probably played video games and may continue to do so
23:56
Speaker 2: in SAE formfessional or at least have right. This is
23:59
Speaker 2: not true for other countries necessarily, right, And that's why
24:03
Speaker 2: the understanding doesn't exist there, right, And so therefore you
24:06
Speaker 2: have much more of that empathy and understanding and say
24:09
Speaker 2: I get this right, or I see my grandchildren do it,
24:11
Speaker 2: or I see my children do it, and I'm engaged
24:13
Speaker 2: with this. And of course the importance of the gaming
24:16
Speaker 2: industry for both places like Korea and Japan and of
24:19
Speaker 2: course China is significant, right Whereas you know, the gaming
24:22
Speaker 2: companies in America or in Europe, they may be big,
24:26
Speaker 2: but they don't have the same cloud, right exigu. You know,
24:29
Speaker 2: they just don't have the same kind of impact, and
24:31
Speaker 2: it's been taken over by other things because in America,
24:34
Speaker 2: I would argue the area of attention that's been much
24:37
Speaker 2: more pronounced as social media. So the gaming competition in
24:43
Speaker 2: America and the West is more TikTok than it is
24:46
Speaker 2: another game studio.
24:47
Speaker 1: Right, Yeah, for sure, let's talk about Pokemon because there
24:50
Speaker 1: are some things going on right now, the Pokemon thirtieth anniversary.
24:53
Speaker 1: This is getting ready to happen on February twenty seventh,
24:56
Speaker 1: So again timing here around all of this, let's not
25:00
Speaker 1: forget I'm going to go to the poly market and
25:02
Speaker 1: I'll just share this with you guys as well. This
25:04
Speaker 1: is logan Paul's Pikachu Illustrator, which is like a one
25:07
Speaker 1: of and the potential for it to sell right now
25:11
Speaker 1: on poly market is a plus four mil. But there's
25:14
Speaker 1: a couple of people that are down here in the
25:17
Speaker 1: fifteen mil range. What do you think about how Pokemon
25:23
Speaker 1: could shift the narrative here, especially from a standpoint of
25:27
Speaker 1: maybe becoming mainstream again as a digital collectible. What do
25:32
Speaker 1: you think so, I.
25:32
Speaker 2: Mean, right now, when you think about sort of Pokemon
25:35
Speaker 2: cards themselves, they're already trading quite actively essentially on chain,
25:39
Speaker 2: you know, so that's obviously one of the big let's
25:42
Speaker 2: call it NFT in bits, it's kind of like an
25:44
Speaker 2: NFT r WA. Actually, it's kind of interesting. And again
25:47
Speaker 2: I see this, you know, as a great example of
25:50
Speaker 2: you know, the people who are trading it, you know,
25:52
Speaker 2: aren't thinking about blockchain or the fact that it's an NFT.
25:55
Speaker 2: They just want they just want to Pokemon card. And
25:58
Speaker 2: similarly to the you know, jiujitsial polymarket, I mean, how
26:01
Speaker 2: many people who are using polymarket necessarily even care about
26:04
Speaker 2: what blockchain technology sits in the back, which is unfortunately
26:07
Speaker 2: somewhat represented also in the price of polygon because people
26:10
Speaker 2: don't care about Polygon. They only care about basically, you know,
26:14
Speaker 2: sort of you know, basically the prediction market. I think
26:17
Speaker 2: today Pokemon cards already are established sort of assets, so
26:20
Speaker 2: it's kind of transcended that sort of area where whether
26:23
Speaker 2: it's one million, five hundred thousand and two million, nine million,
26:26
Speaker 2: who knows, right, like, whatever value is being sold at
26:29
Speaker 2: it may be a headline, but within that community and
26:31
Speaker 2: essentially the network of that community, they all recognize that
26:34
Speaker 2: Pokemon cards have some kind of value, right. You know,
26:36
Speaker 2: we're still fairly early in this idea, but I think
26:40
Speaker 2: you know, nft is today still trade three to four
26:42
Speaker 2: million dollars a day, and people aren't really thinking about
26:45
Speaker 2: it because it's sort of outside of like sort of
26:48
Speaker 2: the hype cycle. But that industry hasn't gone away. It's there.
26:52
Speaker 2: You know, Sometimes these things come in surprising ways where
26:56
Speaker 2: before you know it, we're all and we trading digital
26:58
Speaker 2: collectibles and owning them, and we only think of them
27:00
Speaker 2: as as NFTs per se exactly, And yeah, exactly, that's right.
27:04
Speaker 1: Well, and that's the whole point is maybe Pokemon is
27:07
Speaker 1: the gateway that helps that become a thing. You know,
27:10
Speaker 1: if people start realizing, oh wait, a minute, I can
27:12
Speaker 1: start trading my watch, is my you know, my Maris cards,
27:14
Speaker 1: all those kind of things that potentially have that kind
27:17
Speaker 1: of value that can be tokenized. For sure, r Toba
27:20
Speaker 1: definitely going to be on the top list. Speaking of that,
27:24
Speaker 1: RDBA is along with these IPOs, including one that you're in.
27:28
Speaker 1: These are the blockbuster crypto IPOs that we're watching right
27:31
Speaker 1: now for twenty twenty six, some of which you guys
27:34
Speaker 1: will recognize KRACK in their consensus bit go.
27:37
Speaker 2: We're investors in product and insensus by the way.
27:39
Speaker 1: There you go. And then there's animal brands. So my
27:42
Speaker 1: question to you is when.
27:46
Speaker 2: So we've been telling people that you know, basically sort
27:49
Speaker 2: of nine to twelve months, so the expectation would be
27:51
Speaker 2: towards the end of the year, we announced essentially a
27:54
Speaker 2: you know, the verse merger with Currency Group. I know
27:57
Speaker 2: you've been talking about we should be listening in the US. Well,
27:59
Speaker 2: here we go. We are listening in the US. You know,
28:01
Speaker 2: we've been working on this, we just weren't able to
28:03
Speaker 2: talk about it more publicly. It's also how do we
28:06
Speaker 2: give access essentially to people in what we believe is
28:10
Speaker 2: sort of the massive thesis of animical brands, which is
28:12
Speaker 2: that essentially out coins is going to collectively outperform Bitcoin
28:16
Speaker 2: in a significant manner. And you know, we made this
28:19
Speaker 2: prediction based on the comparison of gold and the stock market,
28:22
Speaker 2: and stock market today is roughly six or seven times
28:25
Speaker 2: a value of gold, and when you add the private market,
28:27
Speaker 2: it's about ten times the value of gold. And that
28:30
Speaker 2: is not to say that gold, like bitcoin, whatever, be
28:33
Speaker 2: the most valuable single in this case crypto or you know,
28:36
Speaker 2: asset in its format. However, when you add them all together,
28:40
Speaker 2: it's going to be basically the people, the assets that
28:43
Speaker 2: you use, the industries, the products, those are going to
28:46
Speaker 2: be the ones that basically collectively are larger. And animal
28:49
Speaker 2: brands basically wants to be essentially the gateway for investors
28:53
Speaker 2: as well as you know, consumers for that and so
28:55
Speaker 2: being public in the US, we think makes a lot
28:57
Speaker 2: of sense.
28:58
Speaker 1: I wanted to get this, I answered from I'm going
29:00
Speaker 1: to share my screen here on the currency group. So
29:02
Speaker 1: this of course was the current market cap with the
29:05
Speaker 1: reverse split included, and I highlighted this right here. Is
29:09
Speaker 1: that do you think that's real? Or is that maybe no?
29:12
Speaker 2: So the way, so the way you calculate this is
29:14
Speaker 2: the merger ratio is ninety five to five. What that
29:17
Speaker 2: means is that we dilute currency shareholders essentially by ninety
29:20
Speaker 2: five percent. Well, so the market cap of current and
29:23
Speaker 2: again you know, you know, the merger isn't complete yet,
29:27
Speaker 2: so this is not financial advice, just to be very clear, right, However,
29:30
Speaker 2: what some investors have been doing is that I've been
29:33
Speaker 2: looking at that and multiplying it by twenty as a
29:36
Speaker 2: way to get an indicative market value. That's what you've
29:38
Speaker 2: been doing because essentially that would be the full market
29:40
Speaker 2: value in terms of the issue share. So that's that's
29:43
Speaker 2: how some investors are calculating this, and of course the
29:46
Speaker 2: price will reflect i would say, much more reality as
29:49
Speaker 2: you get closer to that moment in time. Right. But
29:52
Speaker 2: you know, the nice thing is that on the day
29:54
Speaker 2: of the announcement, you know, I think the circuit breaker
29:57
Speaker 2: went off twenty six times. You know, the share price
29:59
Speaker 2: spiked if you look at the sort of you know,
30:01
Speaker 2: the movement, and that to me, essentially is indicative of
30:04
Speaker 2: the fact that people are excited about sort of you know,
30:07
Speaker 2: basically what we're doing about crypto. And of course now
30:10
Speaker 2: there's a there's a period of you know, waiting when
30:12
Speaker 2: it happens, but yes, you know that's you know, we're
30:15
Speaker 2: really excited about it. And Currency is actually also a
30:18
Speaker 2: company that actually services millions of consumers in places like
30:21
Speaker 2: Philippines and Indonesia and Malaysia, all of them who could
30:24
Speaker 2: be crypto enabled because essentially they're essentially a payment provider
30:27
Speaker 2: for them.
30:28
Speaker 1: This is obviously going to be big news here in
30:30
Speaker 1: the US when Animoka goes live, because it will be
30:33
Speaker 1: I feel like one of one of the true first
30:36
Speaker 1: Web three native companies to go on to stock exchange.
30:39
Speaker 1: So that in itself, I think is going to be
30:41
Speaker 1: rewarded by typical Wall Street investors that understand where this
30:45
Speaker 1: space is going. And there's a lot of them that are.
30:48
Speaker 1: They're coming on our show. They're starting to understand where
30:51
Speaker 1: this is going. So I anticipate you're going to see
30:53
Speaker 1: some big movement for sure. Where do you guys have
30:55
Speaker 1: the most exposure? Is it China or Japan? Right now,
30:59
Speaker 1: we don't have.
31:00
Speaker 2: Any as an a local. I mean between those two
31:02
Speaker 2: countries is definitely Japan, but generally Asia Pacific. So to
31:06
Speaker 2: be clear, we don't have exposure to China directly because
31:09
Speaker 2: China doesn't have anything in crypto per se, but Hong
31:12
Speaker 2: Kong and Taiwan our markets were crypto is sort of
31:15
Speaker 2: you know, obviously permitted and we have a lot of
31:18
Speaker 2: exposure there. And of course, you know, the other thing
31:21
Speaker 2: is that the whole region Asia Pacific is actually you know,
31:23
Speaker 2: our biggest region overall, which also adds to the other
31:27
Speaker 2: element that you know, anymocal brands, you know, you know,
31:29
Speaker 2: it's not just sort of you know, giving your exposure
31:31
Speaker 2: to all coins, which of course is you know, a
31:33
Speaker 2: big area, it's thirty percent of the market, right, but
31:36
Speaker 2: it also gives you gives you exposure to the Asia potential,
31:39
Speaker 2: which no public company currently services as well, right, So
31:43
Speaker 2: there's a lot more and the largest number of crypto
31:46
Speaker 2: owners and users is in Asia. Right. So so all
31:49
Speaker 2: of that basically, I think to your point, we're hopeful
31:51
Speaker 2: certainly that this should be sort of you know, well
31:55
Speaker 2: well accepted and that people like what they see once
31:59
Speaker 2: we finally go public.
32:00
Speaker 1: Speaking of all coins, and going back to that question,
32:03
Speaker 1: do you think that Wall Street is going to reward
32:05
Speaker 1: the utility tokens? Because I've got analyst on here that
32:09
Speaker 1: are kind of pointing that direction. And you get people
32:11
Speaker 1: that are pointing the other directions that now it's going
32:13
Speaker 1: to be more of this, you know, kind of blue
32:15
Speaker 1: sky and fluff your thoughts.
32:17
Speaker 2: Our general thought is going to be utility tokens. And
32:21
Speaker 2: that is not to say that you can't start off
32:23
Speaker 2: being a meme coin and then bring in utility, right
32:26
Speaker 2: and sort of you know, developing games or having applications
32:29
Speaker 2: that are sitting on top of essentially different types of
32:32
Speaker 2: different types of meme coins, right, because it's a community construct, right,
32:35
Speaker 2: and communities are addressable. However, you know, when you think about,
32:39
Speaker 2: you know, take away bitcoin as a store of value, right, effectively,
32:43
Speaker 2: you can think of ethereum or Solana or B and B,
32:47
Speaker 2: which are of course the other set of the majors,
32:49
Speaker 2: effectively as utility tokens. And these utility tokens have a
32:54
Speaker 2: very specific purpose around essentially the network. My mental model
32:57
Speaker 2: is that they're kind of like the telcos and icps
33:00
Speaker 2: back in the early days of the internet. Right. They're
33:02
Speaker 2: very valuable and important companies, but ultimately the companies that
33:05
Speaker 2: are building on top of this infrastructure are going to
33:07
Speaker 2: eclipse them because they're the ones that own the customer
33:10
Speaker 2: and We've seen this playbook before. Back in the day,
33:13
Speaker 2: it was AOL and it was you know PSI and
33:16
Speaker 2: on all the ISPs, right, you know, the last mile
33:19
Speaker 2: as they would call it. And guess what, you know,
33:21
Speaker 2: the largest companies are the ones who used those telco
33:24
Speaker 2: companies to grow. And you know AT and T is
33:25
Speaker 2: four hundreds of billions of dollars, so it's no joke.
33:27
Speaker 2: But Apple, Facebook, Google and all those guys are worth
33:29
Speaker 2: literally trillions. So you know, so there, right, Remember when
33:33
Speaker 2: Amazon first went out back in like you know, I
33:35
Speaker 2: think it was ninety seven or ninety eight, right, and
33:38
Speaker 2: Yahoo was public and then you had Google a little
33:41
Speaker 2: later and Facebook later. Like imagine if you own these
33:44
Speaker 2: companies back in two thousand and two thousand and one
33:46
Speaker 2: or something like that, right, you know. Well here's my point, right,
33:49
Speaker 2: which is that if you were a fund, you would
33:51
Speaker 2: have to basically sell and liquidate the fund within ten
33:54
Speaker 2: maybe twelve years, and that'd be great. You have made
33:57
Speaker 2: a lot of money between two thousand and twenty twelve
33:59
Speaker 2: and thirteen. However, the real growth happened afterwards, right afterwards,
34:04
Speaker 2: and you would have you would have missed out literally
34:06
Speaker 2: the growth from where they were worth one hundred billion
34:08
Speaker 2: to literally trillions, right, And so how do you participate
34:12
Speaker 2: in that, you know, as a fund. And that's basically
34:16
Speaker 2: why we think being a public company just makes so
34:18
Speaker 2: much sense, because if you don't believe in it, you
34:20
Speaker 2: can trade out. But if you do believe in it,
34:23
Speaker 2: that's your index. You can really sort of have a
34:25
Speaker 2: way in which you can have this parallel growth over
34:27
Speaker 2: the long and longer term. Right, And because as a token,
34:30
Speaker 2: there's lots of ways of hedging and growth and management
34:32
Speaker 2: around this, right. And as you as an investor back in,
34:35
Speaker 2: imagine if you're two thousand or even two thousand and two,
34:37
Speaker 2: two thousand and three, how would you know the difference
34:40
Speaker 2: between sort of an eBay, an Amazon, a Yahoo, a
34:43
Speaker 2: Google or Facebook myriad of other is hard, right, right,
34:47
Speaker 2: And there's and and there's nobody else offering this, and
34:49
Speaker 2: so we think Animoka is basically the way to do that.
34:51
Speaker 2: And and of course gaming remains a really big thesis
34:54
Speaker 2: point to us, but of course everything else with what
34:55
Speaker 2: we're doing on in soutional side, our debas Nouva and
34:58
Speaker 2: so forth.
34:59
Speaker 1: Yeah, and you guys have your air to the ground
35:01
Speaker 1: like no other company out there so understanding this market,
35:05
Speaker 1: especially in these early stages.
35:07
Speaker 2: And regular regular Joe's are not going to have the
35:09
Speaker 2: ability to buy into A sixteen and Z despite the
35:12
Speaker 2: fact that they're you know, incredibly successful. It's a privilege
35:15
Speaker 2: to get to invest in the fund like that, exactly.
35:17
Speaker 2: But Anamoka wants to be different. We want to be
35:20
Speaker 2: essentially the every man's fund and everyone's access. You know,
35:23
Speaker 2: if you're right, it's it's in. That's the vision we
35:25
Speaker 2: think of crypto as well as democratization of access of
35:29
Speaker 2: financial access.
35:30
Speaker 4: Right.
35:30
Speaker 2: So it would be kind of sort of ironic for
35:33
Speaker 2: us and sort of hypocritical if you said only only
35:36
Speaker 2: only the big wealth clients can credit. Yeah, exactly. It
35:40
Speaker 2: should be for everyone. And that's exactly why you also
35:42
Speaker 2: want to go public.
35:43
Speaker 1: Two last questions to you, any surprise trends right now
35:47
Speaker 1: that you see coming for twenty six Well.
35:49
Speaker 2: I wouldn't call a surprise for us, but I think
35:51
Speaker 2: it's going to be a surprise for a lot of
35:52
Speaker 2: people because, as you know, last year, towards the end
35:55
Speaker 2: of the year and to start of the year, everyone's basically,
35:59
Speaker 2: you know, for lack of a word, shitting on gaming, right,
36:02
Speaker 2: I was saying gaming is bad, it's it's underperforming and
36:05
Speaker 2: all that kind of stuff. And I want to point
36:06
Speaker 2: out that I think we've seen a lot of people
36:08
Speaker 2: have looked at the lens of gaming is slightly wrong.
36:10
Speaker 2: That is to say that gaming is really really critically
36:13
Speaker 2: important for on chanine dynamics. But I think we also
36:16
Speaker 2: have to extend the fact that essentially gaming has taken
36:19
Speaker 2: over crypto in a slightly different way as well, which
36:21
Speaker 2: is that when we say the word game FI, what
36:23
Speaker 2: we should also consider is gamified finets, and so gen
36:26
Speaker 2: Z and sort of you know Gen Alpha, that generation
36:30
Speaker 2: when they think about basically trading and money and income,
36:33
Speaker 2: they want to have that experience to be in their culture,
36:35
Speaker 2: which is gamification in some things that are gamified, which
36:38
Speaker 2: is why we have leaderboards and social rankings and so forth.
36:40
Speaker 1: Right, Yeah, the.
36:41
Speaker 2: Second thing I want to just sort of point out
36:43
Speaker 2: that I actually think, you know, there's going to be
36:45
Speaker 2: precisely because assets like sort of you know, Game five,
36:49
Speaker 2: where their gaming have been sort of overlooked and people
36:51
Speaker 2: are dismissing them, That's exactly why we think they become
36:54
Speaker 2: outside opportunities. Right, If everyone's only focused you know, sort
36:57
Speaker 2: of on on sort of you know the hot topic,
37:00
Speaker 2: you know, like AI or so on. It's going to
37:02
Speaker 2: be not just more competitive, but actually a lot of
37:05
Speaker 2: them are a little bit more overvalued. An example recently
37:08
Speaker 2: from our stable has been NIHS, a small little project
37:11
Speaker 2: but partnership with you know, chester dot com and brand
37:14
Speaker 2: ambassadors like Magros Carson, which has recently won another championship. Right,
37:17
Speaker 2: And what's amazing about NHS is that the token, which really,
37:21
Speaker 2: you know, was a very small token, has risen essentially
37:24
Speaker 2: seven hundred percent over the last couple of weeks, but
37:26
Speaker 2: its market cap is fully debuted value. It's only around
37:29
Speaker 2: seventy to eighty million dollars, which is okay, right when
37:32
Speaker 2: you are an institutional investor. You have to be able
37:35
Speaker 2: to value it. That's the thing, right. You can't go
37:37
Speaker 2: and go to an institutional investor and say this token
37:41
Speaker 2: is fluffy and looks nice and has a really cool name.
37:44
Speaker 2: It just doesn't work, right. You have to have some
37:47
Speaker 2: measure in which you can value and measure it. And
37:49
Speaker 2: that's basically why we think utility tokens are going to
37:52
Speaker 2: sort of be much more prevalent and important, and why
37:54
Speaker 2: I think things like meme coins are leaning towards utility.
37:57
Speaker 2: And here's one other thing. Projects and companies basically had
38:02
Speaker 2: to go the meme direction because Gary Gensler will hit
38:05
Speaker 2: them over the head exactly the moment they said, oh,
38:07
Speaker 2: there's some value and this is why it's precious and
38:10
Speaker 2: this is why there's usage, and you know, they say, oh,
38:13
Speaker 2: investment product, you have to basically register and if not,
38:16
Speaker 2: you know, and all that kind of stuff. Right, And now,
38:19
Speaker 2: basically with clarity coming out, that's going to be much
38:22
Speaker 2: much more clearer. And as a result, I think we're
38:24
Speaker 2: going to have much more openness around companies saying, you know,
38:27
Speaker 2: here's how our value creation is possible, and here's why
38:30
Speaker 2: you should buy it because it's a good product. But
38:32
Speaker 2: there's examples like that that are coming to the fore,
38:35
Speaker 2: and I think out coin season is going to be
38:38
Speaker 2: upon us. However, it's not going to be for every token, right,
38:41
Speaker 2: It's going to be for the ones that have institutional backing.
38:44
Speaker 1: There you go, man, you and I are on same
38:46
Speaker 1: page on that one. I agree with you. There you
38:50
Speaker 1: look at Okay, one more question to you, and that
38:52
Speaker 1: is we follow the dat side of things, and there
38:57
Speaker 1: has been a recent I won't say partnership, but definitely introduction.
39:02
Speaker 1: This was done by Kathy Would. I'll bring up the tweet.
39:05
Speaker 1: This was done by Kathy Would not too long ago.
39:07
Speaker 1: And this of course is Quantum Solutions and Tom Lee,
39:11
Speaker 1: what do you think is going on here? Do you
39:13
Speaker 1: think I mean, because he's kind of hinted mergers acquisitions
39:18
Speaker 1: in his recent board, do you think we're going to
39:20
Speaker 1: see something like that?
39:21
Speaker 2: Absolutely? So, no question that's going to be consolidated. If
39:25
Speaker 2: you want to buy ethereum or bitcoin at a discount,
39:29
Speaker 2: look at that seriously, right, you know. Now what happens
39:33
Speaker 2: to them as a business is a different thing because
39:34
Speaker 2: it's not like an ETF so it's not like you
39:36
Speaker 2: can buy the song and redeem the asset. However, that
39:39
Speaker 2: makes it attractive from an M and A standpoint. If
39:42
Speaker 2: you want to go and say, hey, you know what,
39:43
Speaker 2: I want to buy bitcoin at twenty percent discount into
39:45
Speaker 2: my balance sheet, why not just take over a company
39:47
Speaker 2: that has that bitcoin? Right as an example, Right, So
39:51
Speaker 2: that's happening. But the second one in defense for those
39:54
Speaker 2: who want to basically be operating businesses, because many of
39:57
Speaker 2: those datas are like you know what this is too hard.
39:59
Speaker 2: I don't want to business this way, you know. So
40:01
Speaker 2: that's one one category, but there's another category of companies
40:05
Speaker 2: that actually want you to build stuff. And you know,
40:07
Speaker 2: we had a similar basically partnership if sorts. You know,
40:11
Speaker 2: it hasn't completed yet, but we had announcement instance a
40:14
Speaker 2: deal with Alphaton, right, and alphaton is a ton dat right,
40:18
Speaker 2: And what we did was we sold the controlling stake
40:20
Speaker 2: of gamey to them. Now it hasn't completed yet, but
40:23
Speaker 2: essentially game is a Telegram application, so it makes sense. Right,
40:26
Speaker 2: You've got the ton ecosystem we basically gave them essentially,
40:30
Speaker 2: you know, will give them control upon completion. You know,
40:34
Speaker 2: the gaming asset, which is a Telegram ecosystem play you know,
40:36
Speaker 2: that drives revenues, you know, and basically has its own token.
40:40
Speaker 2: And so when you integrate those two, suddenly you are
40:42
Speaker 2: more than just a that but you're essentially an operating
40:45
Speaker 2: business that essentially is in the area of gaming. And
40:47
Speaker 2: I would argue, upon completion, that basically makes gay me
40:51
Speaker 2: the very first publicly listed web through gaming company and
40:54
Speaker 2: alphaton is a small company, just to be clear, right, However,
40:58
Speaker 2: there you go, right, You've got the small market cap, right,
41:00
Speaker 2: but it basically has assets, and you know, Animoka as
41:03
Speaker 2: a result becomes you know, a significant shareholder of that
41:06
Speaker 2: entity because of that transaction. So so, and I expect
41:09
Speaker 2: this type of stuff to happen more and more across
41:12
Speaker 2: different ecosystems, not just ours. So I totally agree with you.
41:15
Speaker 2: We've been basically sort of you know, in that trend
41:17
Speaker 2: already for really the latter half of last year.
41:21
Speaker 1: Anyway, There's gonna be some big moves, so get ready, guys.
41:25
Speaker 1: We're watched closely, especialized these treasuries start to move, I think,
41:29
Speaker 1: especially the ethereum treasuries, which are going to be amazing.
41:33
Speaker 1: So yeah, so it's always fun to kind of get
41:36
Speaker 1: in here and get inside your mind. We love it.
41:39
Speaker 1: Thank you so much for coming in today.
41:40
Speaker 2: We appreciate it, Thank you for having me, and happy
41:43
Speaker 2: with you again. And twenty twenty six we believe will
41:46
Speaker 2: be a good one. So hanging in there.
41:55
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41:57
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42:00
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