In this episode, we discuss Seth Green's Bored Ape NFT being stolen, Andreessen Horowitz's $4.5 billion crypto fund, a cross-chain event between Million on Mars and Sunflower Land, an NFL blockchain game, Helpshift's plan for free metaverse customer support, metaverse elves, and so much more!
Episode 27 Keywords: Seth Green, BoredApe, NFT, Andreessen Horowitz, crypto fund, cross-chain events, Million on Mars, Sunflower Land, NFL, blockchain, Helpshift, free, metaverse customer support, elves
Welcome to the metaphysics podcast. The
Unknown:Metaverse and web three are bringing about the biggest
Unknown:revolution since the internet itself. With your hosts Paul the
Unknown:prophet Dawalibi And Jeff the juice Cohen. We will be bringing
Unknown:you the latest Metaverse, business news and insight into
Unknown:what it all means. The meta business podcast starts now.
Paul Dawalibi:From the boardroom to the metaverse. This
Paul Dawalibi:is the metal business podcast. I am Paul the profit Web. I'm
Paul Dawalibi:joined today by my friend and co host, Jeff, the juice Cohen. For
Paul Dawalibi:those of you who are new here, welcome to the official podcast
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Paul Dawalibi:episode right when it comes out. Jeff, how you doing this week?
Jeff Cohen:I'm good. I'm feel like I'm ready to go. You know,
Jeff Cohen:it's whenever we record after the live stream. I always feel
Jeff Cohen:like you know, I've got the kinks out like I'm kind of ready
Jeff Cohen:to. It's almost like yeah, like when you go off you take the
Jeff Cohen:first three or four holes, like get your swing and then you're
Jeff Cohen:really hitting your stride by the by the middle. So that's how
Jeff Cohen:I feel now. I feel like I'm ready to go. I'm like loose.
Jeff Cohen:It's gonna be we're gonna we're gonna spit some fire on this
Jeff Cohen:episode. I
Paul Dawalibi:think I am ready for some like classic juice hot
Paul Dawalibi:takes here. Okay, so let's let's kick this off. Guys. We'll start
Paul Dawalibi:with a story here. As always, we try and start with a story
Paul Dawalibi:that's a little bit fun or a little bit lighthearted.
Paul Dawalibi:Although enough I call theft fun here. But it is an interesting
Paul Dawalibi:story. And the headline is someone stole Seth Green's board
Paul Dawalibi:ape, which was supposed to start in his new show. The sub
Paul Dawalibi:headline says the actor has been pleading on Twitter with dark
Paul Dawalibi:wings ad for who bought his ape from a scammer to return it. So
Paul Dawalibi:this is actor producer Seth Green. He had NF T's that were
Paul Dawalibi:robbed from him as supposedly after succumbing to a phishing
Paul Dawalibi:scam. And what was interesting about this robbery is he had
Paul Dawalibi:bought a board ape or a board ape and a few other NF T's. And
Paul Dawalibi:he was using the he had been developing for the last I think
Paul Dawalibi:year it said an animated series featuring the board eight that
Paul Dawalibi:he had bought. Now, now that he no longer owns that board eight
Paul Dawalibi:because it was I guess stolen from him or you know that there
Paul Dawalibi:was he was scammed out of it. I guess he no longer owns the
Paul Dawalibi:copyright to that board a and so now he's he's trying to get it
Paul Dawalibi:back from the person who bought it from the scammer. This is the
Paul Dawalibi:this is sort of where the saga ends in this or what we're where
Paul Dawalibi:we're currently at in this saga. Part of this article. Jeff, I'm
Paul Dawalibi:curious what you make of this. There's a lot of ways to dissect
Paul Dawalibi:this, right. First of all, like getting scammed out of the board
Paul Dawalibi:a second of all using it in an animated TV series. The
Paul Dawalibi:copyright issues, the ownership issues,
Jeff Cohen:I wasn't aware that Seth Green was still alive slash
Jeff Cohen:making content so good for him. It was still being relevant, I
Jeff Cohen:guess, in some capacity. So that's number one. I hadn't
Jeff Cohen:heard of him since like road trip or whatever movie he was
Jeff Cohen:in, like 1997 is still around. It's still around. And he still
Jeff Cohen:he looks good. He looks young. So good for him. He's looks
Jeff Cohen:healthy. Wow, where was I? I mean, this is, I think so I'm
Jeff Cohen:gonna put my tinfoil hat on hit the music. This is a really
Jeff Cohen:smart publicity scam. And I say that because no one would care
Jeff Cohen:that Seth Green was making some show about his board ape. But
Jeff Cohen:now that the board ape was stolen, and he's going on and on
Jeff Cohen:and getting all these articles written about how Oh, wow, like,
Jeff Cohen:is boring. There's a reason why we're talking about it, we
Jeff Cohen:probably wouldn't be talking about it if it hadn't been
Jeff Cohen:stolen. I think that this is all an elaborate ruse, where, you
Jeff Cohen:know, either was obviously this is on the blockchain so we can
Jeff Cohen:see that someone did, you know, clearly take possession of the
Jeff Cohen:ape. But I think this is all contrived. And it's just a
Jeff Cohen:really smart publicity move to garner attention for for show.
Jeff Cohen:And keep in mind, like what does that even mean? It's still even
Jeff Cohen:if it was, quote unquote, stolen, he could still use that
Jeff Cohen:IP. Like, what is the person who stole the IP, the ape gonna come
Jeff Cohen:and be like, hey, like, I You owe me the royalty money for
Jeff Cohen:this thing that I stole from him. I don't think that's how
Jeff Cohen:the law works.
Paul Dawalibi:Look, I think it's the genius tape right?
Paul Dawalibi:That's a hot Take a genius stake and even think about that. Keep
Paul Dawalibi:in mind, right in the in the in the mind of the scammer nothing
Paul Dawalibi:was maybe stolen here, right because it says it says very
Paul Dawalibi:vaguely some kind of phishing scam. Right? It would be hard to
Paul Dawalibi:prove if Seth I feel like fell for the phishing scam. Right?
Paul Dawalibi:They'll give me the willingly entered his email and password
Paul Dawalibi:or something, you know what I mean? Isn't that like, it's
Paul Dawalibi:fraud? It's a crime of some sort. Right. But
Jeff Cohen:it's held them by gunpoint. Give me your
Jeff Cohen:information.
Paul Dawalibi:So I love to take and now that I think about it,
Paul Dawalibi:it's kind of genius. If that's the reality, and he gets it
Paul Dawalibi:back, right. And, and maybe he knew he would be able to get it
Paul Dawalibi:back. Maybe it was all planned out in advance. I let me take I
Paul Dawalibi:want to take the conversation back, though to one step before
Paul Dawalibi:that even which is why do we care about a show? Featuring a
Paul Dawalibi:board eight, but like, it's not a character that has any
Paul Dawalibi:characteristics? It has this? We don't know anything about these
Paul Dawalibi:board apes. We don't know what kind of are they nice? Are they
Paul Dawalibi:assholes? Are they like what kind of people are they? What do
Paul Dawalibi:they like to do for fun? If anything in the name that says
Paul Dawalibi:they're bored, right? I don't know how you create good content
Paul Dawalibi:around a bored ape.
Jeff Cohen:Hence why they're doing this publicity scam,
Jeff Cohen:because now you get people interested. But I do think you
Jeff Cohen:bring up a more serious interesting question where, you
Jeff Cohen:know, we've seen recently a lot of these communities try to
Jeff Cohen:pivot towards either content or building a Metaverse or building
Jeff Cohen:games around what is really just like a bunch of profile
Jeff Cohen:pictures. I guess it sounds like you're fairly bearish. But
Jeff Cohen:having said that, the apes all have interesting pictures
Jeff Cohen:characteristics, like you could build lore around the
Jeff Cohen:characters, I think you'd it would have to take an
Jeff Cohen:imagination to build out a whole storyline, but like, it's no
Jeff Cohen:different than like, there was no Harry Potter until someone
Jeff Cohen:created the world around Harry Potter, which is the kid with a
Jeff Cohen:scar on his face. So like prominent character does have to
Jeff Cohen:be inherently interesting, for there to be an interesting
Jeff Cohen:story.
Paul Dawalibi:But is it? Are you allowed to build lore right?
Paul Dawalibi:Because you own the copyright to that one board ape? And its
Paul Dawalibi:image and likeness? I assume. Right? But like, if you go start
Paul Dawalibi:making up stories about how this board ape is a drug dealer, in a
Paul Dawalibi:world where you know, everyone's a murderous villain, like, well,
Paul Dawalibi:will the folks that you've allowed to be like, Oh, that's
Paul Dawalibi:cool, right? That you made up this horrible, like, lore around
Paul Dawalibi:our, our, our characters that we create,
Jeff Cohen:I mean, the ethos of the crypto of the whole project
Jeff Cohen:is that it's decentralized, right? You own your ape, you own
Jeff Cohen:your character. Now, people probably wouldn't do that.
Jeff Cohen:Because I think if you're an owner of a board, ape, you're
Jeff Cohen:probably part of that community. And I don't want to harm harm
Jeff Cohen:the community but like, I don't know if there's anything
Jeff Cohen:Yugoslavs could do to stop you. I think that's like, kind of the
Jeff Cohen:very one of the at least purported values of buying these
Jeff Cohen:apes. It's like, it's your APU, you could do what you want with
Jeff Cohen:it. Yeah, it
Paul Dawalibi:said whole feels a little backwards to me, right?
Paul Dawalibi:Like, The Simpsons was a success, I'm fine with trying to
Paul Dawalibi:leave another animated show that was a success. Success, people
Paul Dawalibi:would then go and buy Simpsons merch or put a Simpsons poster
Paul Dawalibi:on their wall or whatever it is. But it started with like good
Paul Dawalibi:stories and good characters. Here, you're starting with just
Paul Dawalibi:the image. And now they have to create the stories and the
Paul Dawalibi:characters, like clear to me that that's going to be
Paul Dawalibi:successful, or that the core material like, is a board a
Paul Dawalibi:really the best possible animated show, someone could put
Paul Dawalibi:on the air, right? Like in the world of concepts for new
Paul Dawalibi:animated shows, if you take out the hype around board, apes,
Paul Dawalibi:that was that, are there more interesting shows to be done and
Paul Dawalibi:written. I just, I have trouble believing that this is the best
Paul Dawalibi:extension to call it of this content, or this IP.
Jeff Cohen:I agree. I mean, you're putting the cart before
Jeff Cohen:the horse, you're creating the IP before creating the story and
Jeff Cohen:the narrative, which, you know, doesn't really work. But the
Jeff Cohen:crypto community, you know, is is is an interesting one. I
Jeff Cohen:mean, they're very passionate, right? Like these, these apes
Jeff Cohen:definitely do have sentimental value for people and they're
Jeff Cohen:well known. Having said that, it is still probably a very niche
Jeff Cohen:community. We talked about this all the time with crypto gaming,
Jeff Cohen:you know, they it's all it's everywhere around the news, but
Jeff Cohen:it's a very small portion of people that are actually
Jeff Cohen:engaging with eating and playing these games for now.
Paul Dawalibi:What do you think are the chances Seth gets his
Paul Dawalibi:eight back?
Jeff Cohen:I don't think he'll get his eight back but I don't
Jeff Cohen:think that was the point here. I think he wanted to create
Jeff Cohen:attention and I think he's done that if the show is successful,
Jeff Cohen:he's gonna make a lot more than you know, what is one a worth?
Jeff Cohen:This point, it'll be probably have come down in value as soon
Paul Dawalibi:Let's, let's switch gears let's talk about
Paul Dawalibi:someone who can definitely afford to buy a lot more apes.
Paul Dawalibi:And this is a little bit of a, you know, tip of the hat to you
Paul Dawalibi:and to us from our previous episode, where we talked about
Paul Dawalibi:Andreessen XGames fund one new fund like the $600 million game
Paul Dawalibi:gaming focused fun. This is Andreessen Horowitz again in the
Paul Dawalibi:new CNBC article says, Andreessen Horowitz raises four
Paul Dawalibi:and a half billion dollar crypto fund to take advantage of
Paul Dawalibi:bargains in downmarket. Silicon Valley firm announced a new four
Paul Dawalibi:and a half billion dollar fund for backing crypto and
Paul Dawalibi:blockchain companies on Wednesday. Partners, Ariana
Paul Dawalibi:Simpson and Chris Dixon liking the long term opportunity in
Paul Dawalibi:crypto to the next major computing cycle. After PCs in
Paul Dawalibi:the 80s. Internet in the 90s. And mobile in the early 2000s.
Paul Dawalibi:bear markets are often when the best opportunities come about
Paul Dawalibi:Simpson. First of all, let me just say, how cool is it to be
Paul Dawalibi:at Andreessen Horowitz, we're raising a new fund is if the
Paul Dawalibi:thesis here is true, right, that this was all about taking
Paul Dawalibi:advantage of bargains? I mean, the bargains only came about in
Paul Dawalibi:what like the last week?
Jeff Cohen:Right? And maybe a little more than that. But yeah.
Paul Dawalibi:Sounds like what did they do just send a letter
Paul Dawalibi:out to their LPs and be like, raising a new fund. And two
Paul Dawalibi:weeks later, this was four and a half billion dollars, like kind
Paul Dawalibi:of a cool environment to be operating in as a VC. But what
Paul Dawalibi:do you make? Jeff? You know, we did call this we said the gaming
Paul Dawalibi:fund was was not going to be sort of was not going to live on
Paul Dawalibi:its own. There was something that was going to follow that.
Paul Dawalibi:Curious, your thoughts?
Jeff Cohen:Yeah, I mean, I don't I don't have too much
Jeff Cohen:thoughts outside the fact that I'm impressed that we really
Jeff Cohen:did. You know, sometimes, people may think we joke when we have
Jeff Cohen:our tinfoil hat, you know, noise which we do. But this was
Jeff Cohen:actually exactly something we called literally, I think was
Jeff Cohen:last week. So last week, came through so quickly. And the
Jeff Cohen:reason we sort of sniffed that out, I think was because we we
Jeff Cohen:thought it was odd that in the announcement for the massive
Jeff Cohen:sport under $600 million gaming fun. There was really not much
Jeff Cohen:or even no talk of crypto in that announcement, which is we
Jeff Cohen:were positing like why that would be the case. And you know,
Jeff Cohen:I think we basically said well, maybe they have another fun
Jeff Cohen:that's going to be targeted at crypto. So kudos to us for being
Jeff Cohen:right. I don't have much more uptake than like patting
Jeff Cohen:ourselves on the back. I think this I actually would be
Jeff Cohen:interested to see if they talked about gaming in this one. I
Jeff Cohen:don't know this is a CNBC article. So I don't know, we'll
Jeff Cohen:get the information. But I'll be curious to see if this crypto
Jeff Cohen:dedicated fund will invest in web three games? Or if it's kind
Jeff Cohen:of like, somewhat separate.
Paul Dawalibi:Question for you, though, on the size. How quickly
Paul Dawalibi:do you think they deploy this right? If this is all about
Paul Dawalibi:opportunities that are depressed right now, right? Companies,
Paul Dawalibi:maybe with valuations that have been hit, you know, or lower or
Paul Dawalibi:whatever, like, if this is a really opportunistic fund around
Paul Dawalibi:bargains, do you think they deploy this it like four and a
Paul Dawalibi:half billion in six months in the year, two years? Is there
Paul Dawalibi:enough out there to deploy a four and a half billion dollar
Paul Dawalibi:fund in your mind?
Jeff Cohen:I guess, maybe I'm a little skeptical. I wonder how
Jeff Cohen:you would know better than I, how much of this narrative
Jeff Cohen:around the bargains is hey, they were raising this fund for the
Jeff Cohen:last six months. And now it closed and they're saying, Well,
Jeff Cohen:look, we've got we did this fun, because there's bargains, I
Jeff Cohen:don't know how realistic it would really be for them. You
Jeff Cohen:know, even Andreessen with all the power, they have to marshal
Jeff Cohen:that big just logistically put it together a fund that quickly.
Jeff Cohen:So I suspect they're going to do this fund over or the normal
Jeff Cohen:lifecycle fund, they may be a bit more aggressive with
Jeff Cohen:valuations down here. And, you know, the market being a bit
Jeff Cohen:softer. But I think when you're dealing with that much capital,
Jeff Cohen:it just, it would be hard for them deploy it much faster than
Jeff Cohen:they probably already are, like, you know, four and a half
Jeff Cohen:billion dollars, like, it's gonna take a while to deploy
Jeff Cohen:that. You know, just in general. I did see in the article, as you
Jeff Cohen:add it up, it looks like they backed Adam Newman,
Paul Dawalibi:the former founder of $70 million, which is
Jeff Cohen:That's wild. So I guess, you know, what, you know,
Jeff Cohen:he did build a build a massive company. So you know, you're
Jeff Cohen:betting on a founder that's has built a multi billion dollar
Jeff Cohen:company, I'll be it, you know, sort of almost almost ended up
Jeff Cohen:killing it, but he did. The almost destroyed
Paul Dawalibi:$40 billion of value. But yeah, you know, the
Paul Dawalibi:early
Jeff Cohen:day the first money and did well, though, I'm sure.
Paul Dawalibi:Yeah. Look, first of all, I don't think it took
Paul Dawalibi:them six months to raise this. I truly believe it's on the order
Paul Dawalibi:of weeks, if not even less. And, you know, I've heard stories of
Paul Dawalibi:Sequoia, you know, in some of the frothiest markets would
Paul Dawalibi:literally just do that would send the letter out to their LPs
Paul Dawalibi:and tell them look, here's your allocation. Right, you're we're
Paul Dawalibi:raising a $2 billion fund your allocation is 200 million sign
Paul Dawalibi:on the dotted line. And you know, we need the wire transfer
Paul Dawalibi:by x XYZ date. I mean, in some of these frothy markets, this is
Paul Dawalibi:how the Top funds top decile funds, go and fundraise,
Paul Dawalibi:literally. And so I suspect this didn't take them very long to
Paul Dawalibi:raise it all. And I suspect they're gonna deploy it
Paul Dawalibi:relatively quickly, because I do believe there are probably
Paul Dawalibi:bargains to be had. And the but I also think that the downturn,
Paul Dawalibi:right, the ripple effect caused by the, you know, the blow up of
Paul Dawalibi:the last couple of weeks is temporary, right, I think in in
Paul Dawalibi:two months from now, three months from now, while the you
Paul Dawalibi:know, the markets may be the public markets may still be in
Paul Dawalibi:sort of a recession type of kind of zone. I think the enthusiasm
Paul Dawalibi:for crypto people are going to forget very quickly, sort of
Paul Dawalibi:this, this blow up and move on very quickly. Like I don't think
Paul Dawalibi:this, the negative feelings and attitudes are going to last that
Paul Dawalibi:long. And I don't think this like people are saying, Oh, the
Paul Dawalibi:bubble burst must like to me, so a little air has come out. And
Paul Dawalibi:then people aren't like we're gonna keep pumping air in.
Jeff Cohen:I do wonder if we've we've hit an inflection point
Jeff Cohen:where some of these projects that have no utility or like,
Jeff Cohen:you know, the pictures of a rock that are selling for 20 eath.
Jeff Cohen:Like, I hope that the bubble has burst on that. I think, clearly
Jeff Cohen:you and I are believers in web three believers in this
Jeff Cohen:Metaverse concept, but we do this podcast obviously. 100% But
Jeff Cohen:and so projects that are building with actual value that
Jeff Cohen:are Creek creating, like real technology in the space 100%
Jeff Cohen:will still get funded because there's so much capital going
Jeff Cohen:around. Maybe valuations briefly will be a bit lower. But I do
Jeff Cohen:hope we're the speculative, FOMO mania, I hope that that's your
Jeff Cohen:comment
Paul Dawalibi:got a little no question. I think that that,
Paul Dawalibi:Ben, this is why these natural cycles are good, right? They're,
Paul Dawalibi:they're productive, you get rid of that 25%. That's like total
Paul Dawalibi:noise. That's like short term cash grab. I think the industry
Paul Dawalibi:will be way better off. That's why I say in two or three
Paul Dawalibi:months, I think we'll be back to a lot of enthusiasm, but a lot
Paul Dawalibi:of enthusiasm around really great projects or interesting
Paul Dawalibi:projects. So that's it'll be interesting to see where and
Paul Dawalibi:recent deploys all that money. But very exciting to see
Paul Dawalibi:another, you know, huge amount of cash essentially being
Paul Dawalibi:injected into the space. So let's talk about this next
Paul Dawalibi:article. That Jeff, you flagged this one for a very specific
Paul Dawalibi:reason. And I love the sort of the insight that's hopefully
Paul Dawalibi:going to come from this and the headline here is web three games
Paul Dawalibi:million on Mars and sunflower ran sunflower land will do cross
Paul Dawalibi:chain event. So what's happening here is two web three games, two
Paul Dawalibi:separate web three games, million on Mars, sunflower land,
Paul Dawalibi:their play to own crafting games, they're creating a first
Paul Dawalibi:of its kind cross chain, cross universe crossover event.
Paul Dawalibi:They're built on different blockchains, wax and polygon.
Paul Dawalibi:And they're going to enable what they say is coherent gameplay
Paul Dawalibi:across two different networks. So two web three games building
Paul Dawalibi:true interoperability between between the two of them. And and
Paul Dawalibi:obviously, we've talked on this podcast about interoperability
Paul Dawalibi:being one of those like, we will not reach the metaverse capital
Paul Dawalibi:M until that box has been checked. Are you surprised to
Paul Dawalibi:see something like this this soon? Do we think this is a bit
Paul Dawalibi:more sort of PR fluff? Do you think there's going to be real
Paul Dawalibi:takeaways and and sort of learnings from this that may
Paul Dawalibi:lead to industry standard interoperability? I'm curious,
Paul Dawalibi:Jeff.
Jeff Cohen:It's the first step. I don't want to undersell This
Jeff Cohen:is actually a big article, and like the title doesn't even
Jeff Cohen:really do it justice. Like at all, it's fairly monumental, I
Jeff Cohen:almost didn't even catch it. You know, it's one of the bigger
Jeff Cohen:stories, I feel like in web three gaming, because it's
Jeff Cohen:really the first time that one of the two separate companies, I
Jeff Cohen:believe they're not owned by the same publisher or not owned by
Jeff Cohen:the same developer. So two completely separate functioning
Jeff Cohen:businesses that are trying to make profit for their
Jeff Cohen:shareholders are coming together and having this concept of
Jeff Cohen:interoperability. And what actually is the most surprising
Jeff Cohen:is that it's across two different chains. Because I
Jeff Cohen:could have seen a scenario where this was they were both on
Jeff Cohen:Polygon, for example. And it was like polygon went to both these
Jeff Cohen:studios was like, hey, look, we'll give you a bunch of money
Jeff Cohen:to prove, you know, to kind of do a proof test case like we
Jeff Cohen:want you to be the first like, hey, it's on the chain, you
Jeff Cohen:know, it's a lot easier to put together two Lego pieces that
Jeff Cohen:fit right use a stupid, probably bet maybe Good, maybe bad
Jeff Cohen:analogy, but like they're on the same chain, it feels easier. The
Jeff Cohen:fact that they're on two separate chains, is surprising.
Jeff Cohen:So I would love to hear a bit more of a story of how this came
Jeff Cohen:about, like EU approach to what the economic terms are. Because
Jeff Cohen:like, we've talked about how difficult this is going to be to
Jeff Cohen:achieve. And obviously, these are just two games, they're not
Jeff Cohen:particularly high def graphics, like they're, you know, resource
Jeff Cohen:management type games. So there's plenty of there's still
Jeff Cohen:plenty that has to be done to make the metaverse a reality.
Jeff Cohen:But I think this is pretty impactful. So I'm curious, your
Jeff Cohen:thoughts.
Paul Dawalibi:I think when the history is written, right, and
Paul Dawalibi:we look back, people are going to be talking about this moment,
Paul Dawalibi:in in much more meaningful ways. Like it, kudos to you for
Paul Dawalibi:catching the story, because I agree that headline was not. It
Paul Dawalibi:is really underselling this. But it'll be one of those, you know,
Paul Dawalibi:I won't say like, Man on the Moon moments, but like, it'll go
Paul Dawalibi:down, as you know, maybe the time someone sent their first,
Paul Dawalibi:you know, TCP IP packet from one machine to another or something
Jeff Cohen:like, I don't mean to cut you off, sir. Like when
Jeff Cohen:new and esports are talking about when there's the esports
Jeff Cohen:competition, the guy won the Ferrari. Yeah, like, exactly,
Jeff Cohen:are you gonna be like that? Like, it'll be like, boom, you
Jeff Cohen:talked about like that.
Paul Dawalibi:And, and it's interesting, because when I saw
Paul Dawalibi:the names, I had to think back, I had met the founder of the
Paul Dawalibi:million on Mars game at the crypto Bahamas conference, which
Paul Dawalibi:was I was at recently. And it struck me because I remember,
Paul Dawalibi:you know, the guy was super sharp really understood what you
Paul Dawalibi:know, where he was going with this. And it sort of all makes
Paul Dawalibi:sense, right? Like really kind of forward thinking about, that
Paul Dawalibi:goes beyond just sort of selfishness around success of
Paul Dawalibi:his own game. But it's looking for six, like the pie to grow as
Paul Dawalibi:a whole. And inter interoperability is key to that.
Paul Dawalibi:So I mean, I just hope this is a massive success. I hope more
Paul Dawalibi:people talk about it. I hope more people replicate this. And
Paul Dawalibi:I love that it's happening, because that is, like we've said
Paul Dawalibi:many times before, key pillar for, you know, any true
Paul Dawalibi:Metaverse to actually take shape, or standards which allow
Paul Dawalibi:this kind of interoperability. So
Jeff Cohen:first and foremost, I hope and I think you said
Jeff Cohen:this, like, I hope players appreciate this and opens. It's
Jeff Cohen:a fun mechanic, I hope it brings value to both games, like
Jeff Cohen:triggers. That's how that's how this is going to end up 60.
Jeff Cohen:Like, the only way that this will work, is if it's fun for
Jeff Cohen:the players, like if the players of both games, say, hey, wow,
Jeff Cohen:I'm now playing both these games, I'm moving back and forth
Jeff Cohen:between the two, I'm spending more money, I'm spending more
Jeff Cohen:time I'm enjoying myself more, then every other developer is
Jeff Cohen:going to look at this and say, wow, like, Okay, now we have to
Jeff Cohen:do interoperability. Before it was like it's always been well,
Jeff Cohen:why would I do it? I want to keep people in my game. But if
Jeff Cohen:the players start demanding it, that's when you're gonna see
Jeff Cohen:this space really quickly. inflection point, I think,
Paul Dawalibi:true. They have to prove the value to the
Paul Dawalibi:players. But it's also as I'm hearing you talking like, it
Paul Dawalibi:really is so different from any game developer attitude we've
Paul Dawalibi:seen in traditional gaming, right? Like, we talked about
Paul Dawalibi:stuff on the business of esports podcast, it's really all the
Paul Dawalibi:traditional gaming companies are really closed ecosystems. They
Paul Dawalibi:do not want any interoperability, they don't
Paul Dawalibi:care about any of that. And so it's interesting to see this
Paul Dawalibi:initiative being taken. And like I said, I think we both hope
Paul Dawalibi:it's massively successful. So let's move on. Let's talk about
Paul Dawalibi:the NFL and mythical games here, Jeff. The headline here NFL
Paul Dawalibi:mythical games to launch, play and own NFT game, NFL Rivals. It
Paul Dawalibi:says even in this bear market, the NFL is bullish. NFL is
Paul Dawalibi:bullish on blockchain gaming. Basically what they're doing.
Paul Dawalibi:This Is Mythical games partnered with the NFL, developing a
Paul Dawalibi:blockchain game called NFL Rivals. It's like a fantasy
Paul Dawalibi:football game. So you act as like the general manager of an
Paul Dawalibi:NFL team. You trade and players, you build up players. They're
Paul Dawalibi:all NF T's like the team building is NF T's. And they,
Paul Dawalibi:the NF T's represent ownership of assets, right? Obviously,
Paul Dawalibi:players or things like that. And it's going to be free to play,
Paul Dawalibi:you're going to get a starter team at first launch. But as you
Paul Dawalibi:go along as you compete as you win matches or complete
Paul Dawalibi:objectives, you'll have the opportunity to win tokens or NF
Paul Dawalibi:T's that they don't give any details on here just says the
Paul Dawalibi:ethical isn't quite ready to share any details on earning
Paul Dawalibi:tokens. But that's, I suppose it's going to be better players
Paul Dawalibi:are better ways to improve your stats, things like that. So what
Paul Dawalibi:do we make of mythical in the NFL doing this together? The NFL
Paul Dawalibi:invested in mythical Oh, that's an interesting data point. They
Paul Dawalibi:were part of mythical Series C round which was $150 million. So
Paul Dawalibi:NFL has a vested interest in mythical clearly there bullish
Paul Dawalibi:on blockchain gaming. Do you think this is the right
Paul Dawalibi:activation and the right, you know, the right fit?
Jeff Cohen:Yeah, I mean, the NFL has been pretty forward
Jeff Cohen:thinking actually, in recent years about their kind of gaming
Jeff Cohen:strategy. I think they signed it the historically they obviously
Jeff Cohen:had Madden and that was kind of like the main NFL video game.
Jeff Cohen:And it's still largely is, but I think in the last couple of
Jeff Cohen:years, you know, one they signed the deal for more of like an
Jeff Cohen:arcade style game would take to that I believe is supposed to
Jeff Cohen:come out sometime in the next two years. That'll be a little
Jeff Cohen:bit like almost like NFL Blitz. There obviously doing this now.
Jeff Cohen:And they also did a deal with skills where they're they
Jeff Cohen:created like, they licensed games to skills, the peer to
Jeff Cohen:peer kind of wagering company to build the build mobile games. So
Jeff Cohen:I think the NFL was being smart in terms of diversifying away
Jeff Cohen:from just not getting into web three getting into pure peer,
Jeff Cohen:they obviously have been pretty heavily into sports betting with
Jeff Cohen:partnerships with DraftKings FanDuel. So kind of broadening
Jeff Cohen:out there like Interactive Entertainment slash gambling
Jeff Cohen:content. So I think that's smart. It's interesting that you
Jeff Cohen:know, they chose to invest in mythical I think, I don't even
Jeff Cohen:know the LEA had a VC arm. So that's, that's kind of cool
Jeff Cohen:called Dark 32. Equity. That's, that's, that sounds like a fun
Jeff Cohen:place to work. Yeah, other than that, I mean, you know, sports
Jeff Cohen:games are good for this, I think so rare, has proven with soccer,
Jeff Cohen:like they've had a pretty good model. We saw dapper labs with
Jeff Cohen:their NBA Top Shot, which isn't specifically, exactly this, but
Jeff Cohen:the crossover between sports esports and crypto is one that
Jeff Cohen:we've talked a lot about. So I do think this will find an
Jeff Cohen:audience. The typical kind of crypto fan is usually like a
Jeff Cohen:young male. So that's kind of the NFL is audience. So I
Jeff Cohen:suspect if they build a game that actually is that actually
Jeff Cohen:works like an economy that works in a game that's somewhat fun.
Jeff Cohen:They'll probably have success, I think. I mean, Jeff, let's
Paul Dawalibi:talk about that, though. The average NFL fan
Paul Dawalibi:first of all still, like in their 50s. Right, like it's
Paul Dawalibi:still it's still trends, older, most traditional sports trend
Paul Dawalibi:older, I think it's actually exactly 50. The latest date,
Paul Dawalibi:I've seen that I see a few potential scenarios, and I'm
Paul Dawalibi:curious which one you think is most likely? Do you think this
Paul Dawalibi:kind of partnership results in a bunch of like, older than the
Paul Dawalibi:average crypto user, people creating wallets getting into
Paul Dawalibi:blockchain gaming discovering this for the first time? So
Paul Dawalibi:tapping into an entirely new, older audience, that crypto may
Paul Dawalibi:never have reached before? Or do you think just the few you know,
Paul Dawalibi:the minority of young NFL fans will look at this and think it's
Paul Dawalibi:interesting because they understand crypto, they probably
Paul Dawalibi:already have a wallet. And you know, it's already a fit. So it
Paul Dawalibi:doesn't really grow the pie, but you have this, you know, the
Paul Dawalibi:people who are already crypto enthusiast, who also like the
Paul Dawalibi:NFL get into it? Or do you think the third scenario I see is it's
Paul Dawalibi:just totally like, the fits not there at all right? So you, you
Paul Dawalibi:get it's with falls flat because the people who this is targeted
Paul Dawalibi:that don't have crypto wallets don't want crypto wallets don't
Paul Dawalibi:know how to have crypto wallets, and therefore, getting started
Paul Dawalibi:with a blockchain game is too, too heavy of a lift to make
Paul Dawalibi:happen.
Jeff Cohen:I definitely don't think it will be one. I think it
Jeff Cohen:will be two or three. I guess I already said I think it will be
Jeff Cohen:successful. So I think it'll be too I think you'll get maybe
Jeff Cohen:that 18 to 27 year old like, crypto audience, who's also a
Jeff Cohen:football fan. And it will be played around or planned on
Jeff Cohen:whatever they want to call it. So if they build an economy,
Jeff Cohen:build some hype, like maybe they'll get some sponsors to
Jeff Cohen:come in and kind of pump it like some NFL players, or former
Jeff Cohen:players. And so maybe you can hit like that that sort of S
Jeff Cohen:curve like hype cycle. I think it'd be that I don't see like 55
Jeff Cohen:year old like, you know, the Bears fan from Chicago, like
Jeff Cohen:going and like becoming a huge fan of this mobile game. That's
Jeff Cohen:just my intuition. I don't I don't know. What do you think?
Jeff Cohen:Which would you bet? Yeah.
Paul Dawalibi:I try like, I'm gonna be a little bit of a cop
Paul Dawalibi:out here. But what else can the NFL do? Right? I always come
Paul Dawalibi:back to that. You have an audience that's getting older.
Paul Dawalibi:Right? You're challenged from every side whether it's gaming,
Paul Dawalibi:whether it's other forms of entertainment, right you there's
Paul Dawalibi:pressure from all sides to grow the sport to grow the fan base.
Paul Dawalibi:How else do you reach younger fans? How While still, you know,
Paul Dawalibi:trying to get people more excited about the NFL, I feel
Paul Dawalibi:whether we think it's going to be a huge success or not. You
Paul Dawalibi:have to be doing this, or at least you have to be trying
Paul Dawalibi:these things. And so it's hard to it's hard to fault them and
Paul Dawalibi:say, Oh, this is not a perfect fit, your audience is a bit
Paul Dawalibi:older. I am. Well, that can't paralyze you, right. As a
Paul Dawalibi:business, you can't just be like, well, our audience is
Paul Dawalibi:older. So you know, we give up. And so I like it, right? Like I,
Paul Dawalibi:I don't want to like it that I think it's a little bit cheesy.
Paul Dawalibi:And like, I don't I don't think it's that exciting. But at least
Paul Dawalibi:they're doing something at least they're trying something at
Paul Dawalibi:least they're gonna put something out there that try and
Paul Dawalibi:reach that audience. And I applaud them for that. I do hope
Paul Dawalibi:it's a success because of that, because it grows the pie if it
Paul Dawalibi:is. So we'll see. It's an interesting one. One last story
Paul Dawalibi:here that I think is also interesting. And and you know,
Paul Dawalibi:we talk about this stuff a lot in the on the gaming side. But
Paul Dawalibi:in the metaverse perspective, this this is one of the first,
Paul Dawalibi:if not the first articles, but you know, we're seeing more and
Paul Dawalibi:more of this trend, and that is what I'll call like
Paul Dawalibi:infrastructure. And and the headline here is Helpshift
Paul Dawalibi:launched his free plan for Metaverse, customer support.
Paul Dawalibi:Now, don't really care about what this plan is. It's more
Paul Dawalibi:wanting to discuss help shift and this idea that it's a
Paul Dawalibi:customer service company in app customer service that is focused
Paul Dawalibi:on Metaverse apps. So we're starting to see now very
Paul Dawalibi:specialized CALL IT infrastructure and services
Paul Dawalibi:targeted at Metaverse stuff, Jeff.
Jeff Cohen:So this makes perfect sense. I mean, if you
Jeff Cohen:assume we're all going to be living, you know, we're going to
Jeff Cohen:be spending a lot more of our time in Metaverse, you do need
Jeff Cohen:some sort of customer support. And it should probably be native
Jeff Cohen:to the metaverse, right. Like if you're in decentraland. And all
Jeff Cohen:of a sudden, you're, you know, your sword disappears. Like,
Jeff Cohen:you're gonna want to be like, hey, like, what happened to my
Jeff Cohen:sword, like it just stopped working or disappeared or
Jeff Cohen:whatever, I froze, whatever you might, rather than popping out
Jeff Cohen:of the screen and typing into a chat window, or God forbid,
Jeff Cohen:calling a one 800 Number. Maybe it would be cool if like, you
Jeff Cohen:could just like click a button and all of a sudden that avatar
Jeff Cohen:comes over to you. And you're just having a conversation as
Jeff Cohen:you would in the metaverse with a chat effectively, what is a
Jeff Cohen:chat bot? But it is an avatar. And it's not that crazy of a
Jeff Cohen:concept, right? Like I remember, you know, you remember 10 years
Jeff Cohen:ago, it would have been insane to think like, hey, customer
Jeff Cohen:service, you're going to text, you know, you're going to text
Jeff Cohen:with them. Or it's going to be a chat window, you'd be like No, I
Jeff Cohen:have to call one 800 Number or like write a letter. Now like,
Jeff Cohen:you know, I always have an experience whenever I'm like
Jeff Cohen:booking a Delta flight like I always, like, you know, if I
Jeff Cohen:have to change something I'm always texting. And it's
Jeff Cohen:actually incredibly easy. Because it's asynchronous. And
Jeff Cohen:it's it's actually like a somewhat pleasant experience. So
Jeff Cohen:I think that, like, this is a big trend, just in general, like
Jeff Cohen:b2b enterprise software, it's like the consumerization of
Jeff Cohen:enterprise products. So it's not surprising that the metaverse,
Jeff Cohen:you know, would would need kind of these things that are you
Paul Dawalibi:know, it's one of those again, we'll look back on
Paul Dawalibi:these moments is like, infrastructure and services are
Paul Dawalibi:key to lay the foundation for everything that's being built,
Paul Dawalibi:right. And these are boring businesses, right? Customer
Paul Dawalibi:service is not an exciting, it's not as exciting as doing you
Paul Dawalibi:know, fighting robot chickens, right? Like, it's just, it's not
Paul Dawalibi:as sexy, it's not as exciting. But you need this stuff. And
Paul Dawalibi:when this stuff starts popping up, this is where I start to get
Paul Dawalibi:excited about the industry and where it's going as a whole
Paul Dawalibi:because there's a recognition that to your point your sword
Paul Dawalibi:disappears, you're gonna need someone to talk to so business
Paul Dawalibi:view on this is very excited about it love seeing this, we're
Paul Dawalibi:going to see a lot more right the stories, I you services and
Paul Dawalibi:infrastructure ends up being a lot of, you know, in this where
Paul Dawalibi:we are in the lifecycle, I think of what we're going to see going
Paul Dawalibi:forward. My sort of silly your take on it is if we go back to
Paul Dawalibi:the original Metaverse World of Warcraft, which I will call the
Paul Dawalibi:original, like, I know there's meta verses before that, but the
Paul Dawalibi:real the real one that matters. And as a gamer, I can say that
Paul Dawalibi:World of Warcraft, right? You know, those things happened in
Paul Dawalibi:World of Warcraft, like your sword could have like, could
Paul Dawalibi:sometimes disappear. You would loot a monster and maybe not get
Paul Dawalibi:the thing you were supposed to get. And there were people in
Paul Dawalibi:World of Warcraft that were like guides or Game Masters
Paul Dawalibi:essentially, that would show up they would appear right in the
Paul Dawalibi:game to solve your problem get you unstuck try and get your
Paul Dawalibi:sword back whatever it was. The funny thing about WoW is there
Paul Dawalibi:were there were instances in WoW of where the customer who these
Paul Dawalibi:people who are essentially customer support because they
Paul Dawalibi:had to To solve these kinds of problems, they were essentially
Paul Dawalibi:like the most powerful beings within Wow. And within this
Paul Dawalibi:Metaverse, right, like they had to be all powerful to be able to
Paul Dawalibi:solve people's problems. And you ended up with customer support
Paul Dawalibi:people who had God complexes, right? Because they could go
Paul Dawalibi:anywhere, do anything, make anything appear disappear, right
Paul Dawalibi:to be able to solve, and I fear that customer support in the
Paul Dawalibi:metaverse specifically, they go down this path of you need to
Paul Dawalibi:give them powers. But powers in a virtual universe go beyond
Paul Dawalibi:just like, hey, I'm processing your refund over the phone. You
Paul Dawalibi:become like way more powerful in a virtual setting. In the
Paul Dawalibi:metaverse
Jeff Cohen:centralized, and there's real dollars in play
Jeff Cohen:like, you know, this kind of gets goes to the elf con
Jeff Cohen:concept. You know, this here and this this article that I'm
Jeff Cohen:pulling up, the elf will be the most powerful and subtle form of
Jeff Cohen:coercion in the metaverse. These electronic life facilitators are
Jeff Cohen:the natural evolution of digital assistants like Siri and Alexa,
Jeff Cohen:but they won't be disembodied voices in the metaverse.
Jeff Cohen:There'll be an through I don't know what that word
Jeff Cohen:anthropomorphic for so anthropomorphic personas
Jeff Cohen:customized for each customer. Yes, they'll be else. Very
Jeff Cohen:interesting. This is a fascinating art,
Paul Dawalibi:all powerful else. That's what people have to
Paul Dawalibi:look forward to in the metaverse what better way to end Jeff, I
Paul Dawalibi:gotta say, another great episode. I enjoyed this. Thank
Paul Dawalibi:you. Thank you guys for listening and tuning in every
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