Latest / The Paul Barron Crypto Show / BASE Explosion As Users Flee Twitter?🚀Ready Player Me CEO INTERVIEW | Timmu Tõke

Transcript

BASE Explosion As Users Flee Twitter?🚀Ready Player Me CEO INTERVIEW | Timmu Tõke · The Paul Barron Crypto Show

• 0:05
  Speaker 1: So my name is Paul Vera. We'll come back into
• 0:07
  Speaker 1: tech path. Let's get into it today. I want to
• 0:08
  Speaker 1: talk about Base quickly. If you look at the total
• 0:11
  Speaker 1: number of accounts right now on Base, this is continuing
• 0:15
  Speaker 1: to rise. And look at where the growth has been
• 0:18
  Speaker 1: throughout twenty twenty four. Obviously we had on chain summer that.
• 0:21
  Speaker 2: Was part of it.
• 0:22
  Speaker 1: You also look at the overall transactions daily transactions also
• 0:26
  Speaker 1: continuing to rise on Base and this is by far,
• 0:30
  Speaker 1: I think, the most popular chain out there, as well
• 0:33
  Speaker 1: as most profitable. If you look at both the value
• 0:36
  Speaker 1: locked as well as just the overall stable coin market
• 0:39
  Speaker 1: cap and comparison, everything up and trending up with Base.
• 0:43
  Speaker 1: So a lot moving, I think in the direction around
• 0:45
  Speaker 1: some of the things that we're going to be talking
• 0:47
  Speaker 1: about today, and that is, you know, not only the
• 0:49
  Speaker 1: Avatar technology, but some of the companies that are involved
• 0:51
  Speaker 1: with this, what this might look like in some other
• 0:55
  Speaker 1: components of this. Last up here is doing analytics this course,
• 0:59
  Speaker 1: just showing you as an example right here, October. I
• 1:01
  Speaker 1: don't know if you guys.
• 1:02
  Speaker 2: Can see that.
• 1:02
  Speaker 1: Let me kind of zoom in on that for you
• 1:04
  Speaker 1: a little bit. Maybe I can't there you go, so
• 1:06
  Speaker 1: you can see right there as I hover over October
• 1:08
  Speaker 1: almost one point three million in Base transaction revenue, and
• 1:13
  Speaker 1: of course you can see the rest right there. So
• 1:16
  Speaker 1: all of this leaning very positive for what Base is
• 1:19
  Speaker 1: doing as a network, and I think that is what
• 1:21
  Speaker 1: we're going to be talking about today. To get out
• 1:24
  Speaker 1: on some of this, I want to go over also
• 1:26
  Speaker 1: and get into a little bit more around what's been
• 1:29
  Speaker 1: happening on Twitter. And this is interesting because there's been
• 1:32
  Speaker 1: a little bit of a migration, so to speak, moving
• 1:37
  Speaker 1: away from Twitter. Here's a good example Twitter and next
• 1:40
  Speaker 1: account the activations. This is after the election, so we
• 1:43
  Speaker 1: started to see movement.
• 1:45
  Speaker 3: You know.
• 1:46
  Speaker 1: Now that's that big red or blue bar right there.
• 1:49
  Speaker 1: And this is a big scenario because decentralized social and
• 1:53
  Speaker 1: how we're going to see this technology, especially in Web
• 1:57
  Speaker 1: three advance to the next level, is going to be
• 1:59
  Speaker 1: very article and of course BACE is going to be
• 2:01
  Speaker 1: part of this. I've got a little bit of a
• 2:04
  Speaker 1: video here that will break it down for you to
• 2:06
  Speaker 1: kind of show you this migration that is occurring on
• 2:09
  Speaker 1: social media. Then we'll bring in our guests, so take
• 2:11
  Speaker 1: a look.
• 2:12
  Speaker 4: So if y'all don't know the great migration is happening
• 2:14
  Speaker 4: over at Twitter.
• 2:15
  Speaker 5: We're moving over the Blue Sky.
• 2:16
  Speaker 4: I know y'all don't want to get a new app,
• 2:18
  Speaker 4: but honestly, we are done with Twitter.
• 2:20
  Speaker 6: Blue Sky is the number one social media app currently
• 2:24
  Speaker 6: on the App Store.
• 2:25
  Speaker 2: I mean back in September they had just nine million users.
• 2:27
  Speaker 2: Now they have fourteen and a half. This is ten
• 2:30
  Speaker 2: times better than Twitter.
• 2:31
  Speaker 7: Because Twitter, Twitter right now is a fucking shit show.
• 2:34
  Speaker 2: Flavorflay flew on there.
• 2:35
  Speaker 1: I don't care about nough flavor fla, but I mean
• 2:37
  Speaker 1: like people actually going over there.
• 2:39
  Speaker 2: I recently deleted Twitter a few.
• 2:41
  Speaker 8: Weeks ago, so when I go on, like my home
• 2:43
  Speaker 8: feed on Twitter is just negative.
• 2:44
  Speaker 5: It can be too much.
• 2:45
  Speaker 2: It's too much. It's too much negativity going on Twitter.
• 2:48
  Speaker 2: You got it, delete it.
• 2:49
  Speaker 8: As a human.
• 2:49
  Speaker 9: I deleted Twitter today is an act of self preservation.
• 2:54
  Speaker 2: I always called it, like my newspaper.
• 2:56
  Speaker 4: The Guardian has left Twitter, Donald, I'm not gonna let
• 2:58
  Speaker 4: x Don Lemonon has left Twitter.
• 3:00
  Speaker 5: I've never seen publications actually leave Twitter.
• 3:02
  Speaker 10: SWIFTI is for those of you who have not yet heard,
• 3:05
  Speaker 10: we are moving ourselves on over to the Butterfly app.
• 3:09
  Speaker 2: Wan fuck with me and all my house, and even
• 3:13
  Speaker 2: if you're not as swifty, come on over.
• 3:15
  Speaker 4: Blue Sky is a decentralized social media platform.
• 3:19
  Speaker 3: I think it might be easier for people to adjust
• 3:21
  Speaker 3: to blue Sky as opposed to Masson, just because right
• 3:24
  Speaker 3: now Mason is very like tech nerd.
• 3:27
  Speaker 6: If it's going to be, if they're going to have monetization,
• 3:29
  Speaker 6: I need that, you don't understand.
• 3:31
  Speaker 4: And kissing goodbye my one point nine million followers over there.
• 3:34
  Speaker 4: I was only holding on to it because I really
• 3:37
  Speaker 4: didn't want someone trying to take over that name and
• 3:41
  Speaker 4: using it for nefarious purposes. So I was a little
• 3:43
  Speaker 4: bit worried about that.
• 3:44
  Speaker 10: Because each user is their own website, we can actually
• 3:46
  Speaker 10: just use domains as the username.
• 3:49
  Speaker 5: See identity is portable and the name is portable.
• 3:51
  Speaker 3: It is refreshing to be around other adults, real people,
• 3:56
  Speaker 3: not bots, real people between this TikTok band that we're
• 3:59
  Speaker 3: going to be having. I highly suggest going over to
• 4:02
  Speaker 3: blue Sky establishing a better social media presence than having
• 4:06
  Speaker 3: all of our data go to Elon.
• 4:09
  Speaker 2: Do you know how big Twitter is?
• 4:11
  Speaker 10: Do you know how big Elon Musk is makes you
• 4:13
  Speaker 10: think you stay a chance?
• 4:14
  Speaker 6: Let's run up them numbers let's matter of fact les
• 4:16
  Speaker 6: run them down.
• 4:25
  Speaker 1: I don't even know how to respond to that clip.
• 4:28
  Speaker 1: I'm not leaving Twitter, so you guys know you can
• 4:30
  Speaker 1: find me on x at Paul Baron. I don't know.
• 4:33
  Speaker 1: I do have a Blue Sky account somewhere lost in there.
• 4:36
  Speaker 1: We'll see if something happens on there. But anyway, I
• 4:38
  Speaker 1: want to jump over to the tweet right here from
• 4:40
  Speaker 1: players zero committing now in open see creating your player
• 4:42
  Speaker 1: zero avatar. You can level it up over there with wearables,
• 4:45
  Speaker 1: all sorts of stuff, and I think that's that's a
• 4:49
  Speaker 1: better use case of where digital might be going around avatars.
• 4:52
  Speaker 1: We'll see if this plays out. I want to bring
• 4:55
  Speaker 1: on Team Utoke coming in from Ready to Player me
• 4:58
  Speaker 1: to kind of chat about this. So Team, let's get
• 5:01
  Speaker 1: into a little bit about what you guys are doing
• 5:03
  Speaker 1: right now. I'm jumping over to player zero.
• 5:05
  Speaker 2: You guys can.
• 5:06
  Speaker 1: Probably see this on screen here a little bit. You
• 5:08
  Speaker 1: guys have changed things up a little bit. What's going on?
• 5:10
  Speaker 2: Yeah, hey Paul, thanks for having me. Yeah. So, Players
• 5:14
  Speaker 2: zero is a new product by Ready pay me, and
• 5:17
  Speaker 2: it's kind of a consumer focus product where ready pem
• 5:21
  Speaker 2: me is mostly a developer platform. So anyone that wants
• 5:24
  Speaker 2: to build a game, they need to build a character
• 5:25
  Speaker 2: system to give their users cool characters ouats. So we're
• 5:29
  Speaker 2: really focusing redype me and kind of outer tech, and
• 5:32
  Speaker 2: Player zero is our first kind of a fully consumer
• 5:36
  Speaker 2: focused platform where you can create an avatar, you can
• 5:39
  Speaker 2: collect outer collectibles as NFTs, and then you can use
• 5:42
  Speaker 2: those outers and games in stickers. Also, we just launched
• 5:47
  Speaker 2: a small kind of sticker experiment. The basically the idea
• 5:50
  Speaker 2: is that this is a universal avator that travels with
• 5:52
  Speaker 2: you across many different games in virtual worlds and becomes
• 5:55
  Speaker 2: your avatar across social media as PFB, stickers and also
• 5:59
  Speaker 2: games and generally, like we have four thousand companies that
• 6:02
  Speaker 2: are using our outer tech in their games virtual worlds.
• 6:05
  Speaker 2: We've been building avatar tech for a decade and this
• 6:09
  Speaker 2: is kind of like built on top of our network,
• 6:12
  Speaker 2: but it's like focused on a kind of a consumer experience,
• 6:15
  Speaker 2: So it's kind of new for us in that sense.
• 6:17
  Speaker 1: Yeah, And I think the key here is that when
• 6:19
  Speaker 1: you look at averatcard development and what we're going to
• 6:21
  Speaker 1: see in the web three space, a lot of partnerships
• 6:24
  Speaker 1: that you guys have already started to explore how do
• 6:27
  Speaker 1: you see that kind of going forward in terms of
• 6:30
  Speaker 1: especially in the use of social media or decentralized social media,
• 6:34
  Speaker 1: if we get to a Web three version. Is this
• 6:37
  Speaker 1: something that is a big strategy for you guys.
• 6:39
  Speaker 2: Yeah. So basically the core kind of way we built
• 6:45
  Speaker 2: collectibles out in the world is like, first to create
• 6:48
  Speaker 2: an outer for free, and then you can collect packs
• 6:50
  Speaker 2: that include Avata wearables. And the first job we did
• 6:54
  Speaker 2: was basically built by us and it was like an
• 6:56
  Speaker 2: open mient for too launched partform and now we're doing
• 6:59
  Speaker 2: a more limit that kind of Genesis limited Mint also
• 7:02
  Speaker 2: in soon. Okay. So basically through those pack drops, we
• 7:08
  Speaker 2: can partner up with a little different brands and we're
• 7:11
  Speaker 2: working on that. So the first two are basically to
• 7:14
  Speaker 2: kind of launch the platform and then we'll have a
• 7:17
  Speaker 2: drop roughly every month, and then you will bring in
• 7:21
  Speaker 2: a bunch of different partners from Web two brands Web
• 7:23
  Speaker 2: three brands for those new pack drops. So bintnerships are
• 7:27
  Speaker 2: definitely strong one on that front.
• 7:30
  Speaker 1: David Bozuki is here talking about roadblocks aiming for the
• 7:35
  Speaker 1: cosmetic category. I want to go to a clip real
• 7:37
  Speaker 1: quick and show you this one, you.
• 7:39
  Speaker 10: Want to capture ten percent of global gaming revenue. You
• 7:42
  Speaker 10: guys are pegging that number at one hundred and eighty billion,
• 7:45
  Speaker 10: meaning you'd want ten percent of that, and part of
• 7:47
  Speaker 10: that is e commerce and selling physical goods in virtual worlds.
• 7:52
  Speaker 9: Yeah, it's already happening. So some of our brand partners
• 7:55
  Speaker 9: like Fandango recently did an integration with us where for
• 7:59
  Speaker 9: the movie Beetlejuice that many of our roadblocks users bought
• 8:03
  Speaker 9: their tickets in roadblocks, So we have people buying shoes,
• 8:08
  Speaker 9: we have beauty products with Elf. With Walmart, we think
• 8:11
  Speaker 9: there's a huge opportunity, and we announced a partnership with shopifys.
• 8:16
  Speaker 10: You are able to circumvent the app stores that way
• 8:18
  Speaker 10: by doing it on PC. Is that ever going to
• 8:21
  Speaker 10: make its way onto mobile in Europe? That kind of
• 8:24
  Speaker 10: thing is becoming easier because if there's the Digital Markets Act,
• 8:27
  Speaker 10: How are you thinking about taking advantage of those new
• 8:30
  Speaker 10: regulations where we see you join Epic or one of
• 8:33
  Speaker 10: these alternative stores or are you sticking with Apple.
• 8:36
  Speaker 5: I'm optimistic.
• 8:38
  Speaker 9: We use virtual currency, we have a lovely economy.
• 8:41
  Speaker 1: I like the fact that he's looking at the use
• 8:43
  Speaker 1: case for avatars and you know, we've talked about this
• 8:46
  Speaker 1: with Base, the integration of avatars as your digital ID.
• 8:50
  Speaker 1: I think this is going to continue to grow. You
• 8:53
  Speaker 1: also look at kind of the growth of meme coins, timu.
• 8:56
  Speaker 1: If you look at just you know here recently a
• 8:58
  Speaker 1: coinbase is listing with now on coinbase. This is opening
• 9:04
  Speaker 1: up a lot of opportunity around some of the meme
• 9:06
  Speaker 1: coin ecosystems out there. Why not be able to go
• 9:10
  Speaker 1: in and maybe partner with these meme coins for some
• 9:13
  Speaker 1: sort of avatar integration. Are you guys do anything around
• 9:16
  Speaker 1: that yet?
• 9:17
  Speaker 2: Yeah, we are definitely exploring this as but one of
• 9:20
  Speaker 2: the potential avenues. And by the way, Dave is amazing
• 9:24
  Speaker 2: Roadblock CEO and he's our investor as well, And like
• 9:27
  Speaker 2: Roadblocks is the I think the closest thing to kind
• 9:30
  Speaker 2: of an open metaverse. Like it's not an open metaverse.
• 9:33
  Speaker 2: It's a one kind of confined platform and they have
• 9:35
  Speaker 2: their own engine, but they have millions of different games
• 9:38
  Speaker 2: and people can navigate between different games with the same
• 9:41
  Speaker 2: out there and assets and souf forth. So I think
• 9:43
  Speaker 2: Roadblocks is a very kind of a good case study
• 9:46
  Speaker 2: for what a more open virtual wealth could look like.
• 9:48
  Speaker 2: We can't speak too much about future partnerships at the moment,
• 9:51
  Speaker 2: but there's a lot of things in the works. I
• 9:53
  Speaker 2: think like meme coins, obviously they have a very kind
• 9:56
  Speaker 2: of strong culture around them and very strong communities, and
• 10:01
  Speaker 2: you know, with NFTs, it's very easy to kind of
• 10:03
  Speaker 2: show that you're part of the community, like you you
• 10:07
  Speaker 2: were the NFTs as a VP or something. With mean coins,
• 10:10
  Speaker 2: it's say it's le's it's that's let's stay forward. So
• 10:14
  Speaker 2: I think that it's possible that there's going to be
• 10:16
  Speaker 2: some kind of partnership between kind of some income communities
• 10:22
  Speaker 2: and n fd s or avatars because it helps you
• 10:25
  Speaker 2: signal that you're part of the community exactly, you know,
• 10:29
  Speaker 2: in a good way.
• 10:30
  Speaker 1: Well, I think one of the good ones out there
• 10:32
  Speaker 1: to watch for this would be my pick right here
• 10:34
  Speaker 1: would be Brett. I think this is a match, this
• 10:36
  Speaker 1: is a match made in heaven for it. Uh And
• 10:39
  Speaker 1: if you look at some of the things that many
• 10:41
  Speaker 1: of the CEOs have started to recognize this. Obviously we
• 10:43
  Speaker 1: saw Robin Hood getting a little more active around what's
• 10:47
  Speaker 1: going to happen in the mean coin market base. Of course,
• 10:49
  Speaker 1: jumping in on this, I actually want to go to
• 10:51
  Speaker 1: a clip. This is I think it's Brian Armstrong going
• 10:54
  Speaker 1: into this one where he talks about that the mean
• 10:57
  Speaker 1: coin season could be up on us.
• 10:59
  Speaker 2: Take a look.
• 11:01
  Speaker 8: People are increasingly becoming aware that it's not just about bitcoin.
• 11:04
  Speaker 8: There are dozens hundreds of different assets in crypto that
• 11:08
  Speaker 8: are now they've met our listing standards, they've made it
• 11:10
  Speaker 8: onto our exchange, and actually there's thousands of these being
• 11:13
  Speaker 8: created every day.
• 11:14
  Speaker 2: Believe it or not.
• 11:14
  Speaker 8: I think we're eventually going to get to a world
• 11:16
  Speaker 8: where there's millions of these tokens. Every individual, every meme
• 11:20
  Speaker 8: on the Internet is going to have one of these.
• 11:22
  Speaker 8: It's going to be the next version of the stock market,
• 11:25
  Speaker 8: but it's also the next version of the Internet. It's
• 11:27
  Speaker 8: really the dawn of a new crypto era.
• 11:30
  Speaker 2: What do you think about Donald Trump's World Liberty financial
• 11:33
  Speaker 2: crypto projects.
• 11:34
  Speaker 8: I'm glad everybody's interested in crypto. That's great, but I
• 11:37
  Speaker 8: don't have too much to say on that particular one,
• 11:39
  Speaker 8: having not looked at it.
• 11:40
  Speaker 1: I love how our editors love to get that in there.
• 11:43
  Speaker 1: But anyway, I want to get into another clip. This
• 11:46
  Speaker 1: is Jesse Pollock. He's talking about on chain summer and
• 11:49
  Speaker 1: this is if you know Base, they're developing, as you
• 11:53
  Speaker 1: guys know every cycle forward on Chain. Summer's just ended
• 11:57
  Speaker 1: not too long ago, they're already planning for next year.
• 12:00
  Speaker 1: This is Jesse talking about this, and then I want
• 12:02
  Speaker 1: to I want to hit you up on where this
• 12:04
  Speaker 1: strategy could work long term, whether it's memes, whether we
• 12:08
  Speaker 1: look at digital ID with avatars, all that teamage. So
• 12:13
  Speaker 1: let's go to this clip.
• 12:14
  Speaker 5: In the last three months on Base, there have been
• 12:17
  Speaker 5: more tokens created than the entire history of Ethereum.
• 12:21
  Speaker 11: Now, you know, a lot of people can say, oh,
• 12:23
  Speaker 11: those tokens are just like spam, or it's meme coins
• 12:25
  Speaker 11: or whatever. But like what we're seeing happen is that
• 12:28
  Speaker 11: when you drive down costs one thousand x, you increase
• 12:31
  Speaker 11: innovation massively. And some of that innovation is going to
• 12:33
  Speaker 11: be chaotic and you know a little crazy, of course,
• 12:35
  Speaker 11: like that's what innovation does.
• 12:37
  Speaker 5: But a lot of that innovation is going to be
• 12:39
  Speaker 5: real and substantive. Really, just in the last six months,
• 12:41
  Speaker 5: with this combination of low cost l twos which just
• 12:43
  Speaker 5: got much lower costs before four, plus social graphs emerging
• 12:47
  Speaker 5: with things like forecast, plus better wallets with things like
• 12:50
  Speaker 5: smart wallets. It's finally ready. And what that's going to
• 12:54
  Speaker 5: lead to is like this summer, the end of this year,
• 12:56
  Speaker 5: next year, this cambreen explosion of real applications that people
• 13:00
  Speaker 5: can do on chain and coinbase and baseder can get
• 13:03
  Speaker 5: the absolute center of it.
• 13:04
  Speaker 1: You look at what Jesse's very excited there about. You
• 13:07
  Speaker 1: know the opportunities. Where do you see the opportunities, especially
• 13:11
  Speaker 1: within the base ecosystem for digital ideas and how it
• 13:15
  Speaker 1: ties into maybe an avatar solution like ready player me.
• 13:18
  Speaker 2: So, I think basis doing incredible job building a great
• 13:21
  Speaker 2: developer platform and are building a lot of users to it,
• 13:24
  Speaker 2: and that that's amazing. I think bimcoins definitely have been
• 13:27
  Speaker 2: the main kind of like focus of this cycle so far,
• 13:31
  Speaker 2: and I'm sure they will continue. Like lots of new
• 13:34
  Speaker 2: people coming in, they just don't like understand, Like you
• 13:38
  Speaker 2: go into the kind of crypto infrastructure project's website, it's
• 13:42
  Speaker 2: very hard to understand what they do, so and it's
• 13:44
  Speaker 2: much easier to kind of understand Internet culture and and
• 13:47
  Speaker 2: just by the meme that they think, you know, other
• 13:49
  Speaker 2: people could relate to as well. So that's that's that.
• 13:52
  Speaker 2: But I think with based and avatars. I think authors
• 13:56
  Speaker 2: generally are very kind of relatable to a large audience,
• 14:01
  Speaker 2: you know, young kids, like you know, doing kids like
• 14:04
  Speaker 2: my generation, and like we use outs all the time
• 14:07
  Speaker 2: with games and so forth, and it's a very kind
• 14:10
  Speaker 2: of natural thing to want to create an out and
• 14:12
  Speaker 2: to represent yourself as an out in social media as well.
• 14:16
  Speaker 2: So I just can be a good kind of an
• 14:18
  Speaker 2: onboarding ramp to kind of the crypto ecosystem. Like you
• 14:23
  Speaker 2: create an out with players zero for example, it's free
• 14:26
  Speaker 2: and you can you can make it for free, then
• 14:28
  Speaker 2: you can buy your first kind of like wearable pack
• 14:30
  Speaker 2: or earn it from games that then you know, then
• 14:33
  Speaker 2: you know, create a wallet and clean that asset. So
• 14:36
  Speaker 2: it kind of like gives people the first exposure to
• 14:39
  Speaker 2: web free. And I think that's why coin base and
• 14:42
  Speaker 2: base is interesting as well, Like they have a big
• 14:45
  Speaker 2: user base of kind of exchange users and they were
• 14:48
  Speaker 2: trying to onboard them to the Basico system, and I
• 14:52
  Speaker 2: think for that to happen, they need to be kind
• 14:54
  Speaker 2: of like interesting products that people want to use. And
• 14:57
  Speaker 2: mean coins is like that's the casino for part of
• 15:00
  Speaker 2: Web three and I think, you know, it's very fun
• 15:02
  Speaker 2: to be involved in it, but like we just need
• 15:05
  Speaker 2: to make sure we know that it is a casino.
• 15:08
  Speaker 1: Yeah exactly. But I'm looking at Meta and what they've
• 15:11
  Speaker 1: been able to do here recently in terms of avatars,
• 15:14
  Speaker 1: So this is kind of their idea you could go
• 15:18
  Speaker 1: with different kinds of experiences. This is showing you more,
• 15:21
  Speaker 1: you know, kind of their idea of an authentic expression,
• 15:25
  Speaker 1: more fantastical and then realistic in the future. Do you
• 15:29
  Speaker 1: see that as being maybe a trend going forward, because
• 15:33
  Speaker 1: I've started to see a little bit more of this
• 15:35
  Speaker 1: around AI generated avatars for these realistic looks and themes
• 15:40
  Speaker 1: anything planned for what you guys are doing around that.
• 15:42
  Speaker 2: I would say, like the realistic outers, the ultu realistic
• 15:45
  Speaker 2: outers are mostly like used for the kind of teleconferencing
• 15:50
  Speaker 2: or kind of like presence. So like if you want
• 15:53
  Speaker 2: to have kind of a video call but immersive, then
• 15:55
  Speaker 2: that's that's where you would use like a super hyper
• 15:57
  Speaker 2: realistic out there. And there are going to be some
• 16:00
  Speaker 2: games are like the highest level of games with like
• 16:02
  Speaker 2: hundreds of minutes in budgets and stuff that kind of
• 16:06
  Speaker 2: can do something like that, But most people in most
• 16:09
  Speaker 2: virtual worlds and experiences want to use a more card
• 16:12
  Speaker 2: to any outer, which is kind of a version of
• 16:14
  Speaker 2: themselves more than a full replica. That is very very realistic.
• 16:18
  Speaker 2: Although we took it to take a selfie and create
• 16:21
  Speaker 2: a version of yourself, but it's more of a car
• 16:23
  Speaker 2: to any version.
• 16:24
  Speaker 1: Yeah, for sure. Do you ever think do you think
• 16:26
  Speaker 1: that meta will ever open up, you know, to interoperable avatars,
• 16:31
  Speaker 1: especially around digital idea at some point.
• 16:33
  Speaker 2: Yeah, I mean I think they are trying to do
• 16:35
  Speaker 2: something with them with meta outers, Like they've they've had them,
• 16:38
  Speaker 2: had it out for years and like some games or
• 16:41
  Speaker 2: some VR apps are using it, and you know, they
• 16:44
  Speaker 2: have a kind of a platform advantage where like you
• 16:47
  Speaker 2: set up your quest account, you make the quest outer there,
• 16:49
  Speaker 2: and then developers can support those outers in their games.
• 16:53
  Speaker 2: And don't think they're like very wide they adopted, but
• 16:56
  Speaker 2: they're definitely trying to They're trying to be interoperable within
• 16:59
  Speaker 2: their own ecosystem basically not interoperable between their ecosystem and
• 17:04
  Speaker 2: the rest of the world, so like more like creating
• 17:06
  Speaker 2: a mote around their own ecosystem.
• 17:08
  Speaker 1: Well, you look at Tim Sweeney, he was kind of
• 17:10
  Speaker 1: in a position I think that was a little bit
• 17:13
  Speaker 1: stand offish from web three and definitely between Web three gaming.
• 17:16
  Speaker 1: Here's a clip where he talks a little bit more
• 17:19
  Speaker 1: around maybe there's an opening here take a look.
• 17:23
  Speaker 7: And so I want to back up and talk about
• 17:25
  Speaker 7: the long term what Epic is going to be doing
• 17:28
  Speaker 7: for the rest of this decade. The ultimate aim of
• 17:31
  Speaker 7: this effort is to achieve technical interoperability and to achieve
• 17:35
  Speaker 7: economic interoperability and an open system in which purchases in
• 17:39
  Speaker 7: one place are honored in other places, and the entire
• 17:42
  Speaker 7: economy is an open economy where everybody can participate. Epic
• 17:46
  Speaker 7: and Disney are working together to build a new Disney ecosystem.
• 17:49
  Speaker 7: It is Disney's but is also fully connected to Fortnite,
• 17:52
  Speaker 7: such that anything you get in one place can work
• 17:55
  Speaker 7: in the other place. This partnership is just the first
• 17:57
  Speaker 7: step towards an open system. Game development is expensive, it's
• 18:00
  Speaker 7: low margin, and game companies are suffering. Apple and Google
• 18:03
  Speaker 7: make way more profit from most games than the developers
• 18:07
  Speaker 7: make themselves while contributing nothing. That and this has to change. Yes,
• 18:13
  Speaker 7: UK and Japan have passed new laws. Now there's much
• 18:16
  Speaker 7: more to do. We're going to keep fighting on until
• 18:18
  Speaker 7: there's an aultimate victory. The open platforms are more fun.
• 18:24
  Speaker 7: There's just way more innovation.
• 18:26
  Speaker 1: Point is it seems to be open. And he sounds
• 18:28
  Speaker 1: to me like he's talking about Web three. Maybe it's not,
• 18:30
  Speaker 1: but the idea is that of Web three. Your thoughts
• 18:35
  Speaker 1: on how quick we're going to see that, you know
• 18:37
  Speaker 1: from some of the mainstream, whether it's the gaming ecosystems,
• 18:40
  Speaker 1: social ecosystems of truly maybe at least accepting the digital
• 18:46
  Speaker 1: id concept behind what Web three represents.
• 18:49
  Speaker 2: Yeah, so Tim Sween is the biggest advocate for like
• 18:52
  Speaker 2: a true open metaverse and it's been like and he's
• 18:56
  Speaker 2: been very consistent with that, which is like very cool
• 18:59
  Speaker 2: to see. Isn't yet a very clear case study for
• 19:03
  Speaker 2: an open economy interoperability that proves to the big players
• 19:08
  Speaker 2: that they'll end up you know, having a better experience
• 19:10
  Speaker 2: and making more money as a result. So and that's
• 19:13
  Speaker 2: why I like the Web three space is so important.
• 19:15
  Speaker 2: This because like the Web three space believes in all
• 19:19
  Speaker 2: the things that Tim Sweeney believes in kind of like
• 19:21
  Speaker 2: building a more open and connected system and hopefully by
• 19:25
  Speaker 2: kind of networking together or interoperating within the Web three space,
• 19:30
  Speaker 2: we can prove to the world that, you know, building
• 19:33
  Speaker 2: a more open economy is better.
• 19:35
  Speaker 1: It could happen. I think it's going to happen in
• 19:36
  Speaker 1: Web three. First, I'm looking at your Twitter account. We
• 19:39
  Speaker 1: are play zero. What are you talking about here? Something
• 19:42
  Speaker 1: is coming? Something is coming?
• 19:44
  Speaker 2: Yeah, have a new drop coming. So we did the
• 19:48
  Speaker 2: first job, which was an open mint. We've been to
• 19:51
  Speaker 2: eighty one thousand OUs wearable packs that gave you like
• 19:54
  Speaker 2: different items for the outer and the second one is
• 19:57
  Speaker 2: going to be a limited drump. So that's going to
• 19:59
  Speaker 2: be like Genesis first, kind of like a real collectible dropped.
• 20:05
  Speaker 2: Not a lot of supply, so and yeah, so we're
• 20:09
  Speaker 2: working towards that at the moment. We made a quick
• 20:12
  Speaker 2: short teaser on that I think a few days ago.
• 20:15
  Speaker 2: So but yeah, that's coming soon. No date public this year.
• 20:20
  Speaker 2: I yet you look at.
• 20:24
  Speaker 1: Very cool, all right, So you look at the interoperability
• 20:26
  Speaker 1: capability of what Web three represents. I think about Avalanche.
• 20:32
  Speaker 1: You know they've got the l one architecture used to
• 20:34
  Speaker 1: be the subnet concept behind what they were trying to do. Basically,
• 20:37
  Speaker 1: everybody can go and build their own chain. There is
• 20:40
  Speaker 1: a way to go interoperable between those chains or between
• 20:43
  Speaker 1: those l ones. Here's my question to you, is that
• 20:47
  Speaker 1: something that would work with ready player me to where
• 20:51
  Speaker 1: you know, whether you had an you know, an off
• 20:52
  Speaker 1: the grid, a pulsar, you know, all sorts of difference,
• 20:55
  Speaker 1: maybe social platforms, et cetera, that could utilize a digital
• 20:59
  Speaker 1: idea e format that has nothing to do with the
• 21:02
  Speaker 1: game or even the use case. But wouldn't that make
• 21:05
  Speaker 1: a perfect place to work in in terms of the
• 21:08
  Speaker 1: AVAX ecosystem.
• 21:10
  Speaker 2: Yeah, I think like we don't want to be tied
• 21:12
  Speaker 2: into any specific ecosystem, like we think of kind of
• 21:16
  Speaker 2: the whole virtual world. So definitely that's an interesting, interesting
• 21:21
  Speaker 2: ecosystem to work in. I think like the there's like
• 21:25
  Speaker 2: two different levels of interoperability that I needed for making
• 21:29
  Speaker 2: like game assets and outers to be usable in multiple games.
• 21:32
  Speaker 2: One thing is that you have an NTHENA wallet and
• 21:35
  Speaker 2: you can go to a different game and you can
• 21:36
  Speaker 2: see the nftena wallet, and theoretically the other game also
• 21:39
  Speaker 2: knows that you owned other assets. The ownership is unchained,
• 21:43
  Speaker 2: but the asset for the asset to actually be usable
• 21:47
  Speaker 2: in the other game, that's the most complicated part, not
• 21:50
  Speaker 2: the ownership itself. That's very complicated. And that's what we
• 21:53
  Speaker 2: do with would you really pay me? And that's kind
• 21:55
  Speaker 2: of the layer you need to actually make assets usable
• 21:59
  Speaker 2: game to game.
• 22:00
  Speaker 1: Yeah, for sure. We talked with the Ready Verse team
• 22:02
  Speaker 1: a couple of times about this, and I would agree
• 22:05
  Speaker 1: with you. This is something though, that's happening right now.
• 22:07
  Speaker 1: Open is bringing their ips together. So we're seeing this
• 22:11
  Speaker 1: both from you guys, Neo Tokyo there, rebok You've got
• 22:15
  Speaker 1: Illuvium on here, cool cats, et cetera. So a pretty
• 22:19
  Speaker 1: good extension of IP coming around maybe to the future
• 22:24
  Speaker 1: of where this could go into more of an open platform,
• 22:27
  Speaker 1: like what you're talking about.
• 22:29
  Speaker 2: I know we're doing something with them, but I'm not
• 22:31
  Speaker 2: fully sure. Actually, Okay, it's like there's it's different to
• 22:35
  Speaker 2: bring an IP into a game and then like build
• 22:38
  Speaker 2: all the assets from scratch for this particular game, versus
• 22:42
  Speaker 2: like taking an asset that is built for a different
• 22:44
  Speaker 2: game and making it usable and multiple different games. Yeah,
• 22:48
  Speaker 2: so for sure, I think what they're doing is more
• 22:50
  Speaker 2: of a kind of a Fortnite strategy where they go
• 22:53
  Speaker 2: different bring it together and create all the assets and
• 22:56
  Speaker 2: stuff for their game.
• 22:58
  Speaker 1: Well, and I think the key here, guys, is that
• 23:00
  Speaker 1: digital id's coming. I think obviously the avatar component will
• 23:03
  Speaker 1: be one of the huge scenarios that will play out
• 23:06
  Speaker 1: here for everybody, you know, thinking about whether it's gaming
• 23:10
  Speaker 1: or just Web three experiences that are going to begin
• 23:12
  Speaker 1: to develop, including productivity. I think this will happen in
• 23:15
  Speaker 1: everything that ties into the Web three space. Over the
• 23:19
  Speaker 1: next you know, three to five years, we're going to
• 23:20
  Speaker 1: see a lot of that kind of development. Timu, it's
• 23:23
  Speaker 1: been great having you on. Thanks again for coming on
• 23:25
  Speaker 1: the show. We appreciate it. We'll definitely get you guys
• 23:27
  Speaker 1: back as things start to develop for you, so we
• 23:30
  Speaker 1: press your time, all right.
• 23:31
  Speaker 2: Thanks, thank you, Paul, I appreciate it. Thanks for having thanks.
• 23:34
  Speaker 1: Join the Diamond Circle. It's a great place to get
• 23:36
  Speaker 1: additional content. Follow me out there on x app, Paul Baron,
• 23:39
  Speaker 1: We'll catch you next time right here on tech Path.