In this episode, we discuss sneaker NFTs and the move-to-earn gaming craze, The Sandbox looking to raise $400 million at a $4 billion valuation, FlickPlay and The Sandbox moving closer to the metaverse, lower-level crypto gamers fighting back against "digital colonialism," the underwhelming Chipotle restaurant in Roblox, and so much more!
Episode 22 Keywords: sneaker NFTs, move-to-earn gaming, The Sandbox, $4 billion valuations, FlickPlay, metaverse, crypto gamers, "digital colonialism," Chipotle restaurant, Roblox
Welcome to the metaphysics podcast. The Metaverse and web three are bringing about the
Unknown:biggest revolution since the internet itself. With your hosts Paul the prophet Dawalibi And Jeff the
Unknown:juice Cohen. We will be bringing you the latest Metaverse, business news and insight into what it
Unknown:all means. The meta business podcast starts now. From the boardroom
Paul Dawalibi:to the metaverse. This is the meta business podcast. I am Paul the Prophet Dawalibi.
Paul Dawalibi:I'm joined today by my friend and co host, Jeff, the juice Cohen. For those of you who are new
Paul Dawalibi:here, welcome to the official podcast of the metaverse what we do is we cover the most
Paul Dawalibi:pressing, Metaverse, stories and news of the week. When we look at all of it through a business and C
Paul Dawalibi:suite lens, we dissect, we analyze the business implications of everything happening in this
Paul Dawalibi:industry. For our regular listeners. Thank you guys for tuning in every week. Thank you for all
Paul Dawalibi:the love the five star ratings and reviews. Thank you for sharing the podcast if you have already.
Paul Dawalibi:If you haven't, send it to a colleague, send it to a friend. Leave that review, hit subscribe on
Paul Dawalibi:whatever podcast platform you find us on where everywhere. It helps others to find the podcast if
Paul Dawalibi:you leave a review, if you share it with a friend or a colleague. We really appreciate it. Jeff, how
Paul Dawalibi:you doing this week?
Jeff Cohen:Go Well, good. Well, as you know, Paul, I started a new job this week. So you know
Jeff Cohen:new dangers. Obviously. This is obviously my main job here is talking about the metaverse, but a new
Jeff Cohen:day job that was keeping me busy this week.
Paul Dawalibi:Congrats the way it is. It is cool. You want to mention you want to shout out the
Paul Dawalibi:company.
Jeff Cohen:Shout out. Yes. I've joined a company called homie games, their mobile publisher based
Jeff Cohen:over in France. So pretty excited. I'm going to be running corporate development for them. Yeah,
Jeff Cohen:dude, a bunch of m&a across the mobile gaming space, maybe a little bit in the metaverse, we'll
Jeff Cohen:see we are going to be looking at some web three stuff. So that's that's obviously exciting.
Paul Dawalibi:I was gonna say, are you going to be buying play to earn mobile games?
Jeff Cohen:We shall see. I think, you know, it is definitely an area where web three definitely
Jeff Cohen:played around and you know, we'll see I'm not sure how sustainable that that kind of exact structure
Jeff Cohen:is. But definitely looking at blockchain sort of web three stuff. You know, maybe even buy some
Jeff Cohen:land in the metaverse, who knows?
Paul Dawalibi:That'll be cool. I will be jealous if you if you become a significant landowner in
Paul Dawalibi:the metaverse. Look, we talked about play to earn here. I think we have to start Jeff with a story
Paul Dawalibi:of kind of a fun story as we always do. And this is a new term that I've seen at least and I think
Paul Dawalibi:it's interesting I you know, I think I probably first thought about a month ago in in the context
Paul Dawalibi:of a different company. So this is the SEC call it the second time I've seen this term and I think
Paul Dawalibi:it's interesting, it's fun. And the headline here is sneaker NF T's and the move to earn craze so
Paul Dawalibi:not play to earn the says move to earn. And the way the article starts I think is sums it up it
Paul Dawalibi:says everyone's getting healthy and making money forget play to earn now you can move to earn green
Paul Dawalibi:Satoshi tokens GST with a sneaker NFT. So the they're calling this the latest craze as most of
Paul Dawalibi:these articles do. But the idea is pretty simple here, the more you move, and the more fitness
Paul Dawalibi:goals you achieve, the more you earn of these tokens. And and in this case, the to be able to
Paul Dawalibi:play this is attached to ownership of a sneaker NFT. So you need to buy a pair of these training
Paul Dawalibi:shoes represented by an NF T powered by Solana. And the catch is the floor price floor price of
Paul Dawalibi:one of these sneaker NF T's is already past about $1,000 It says tensile which is about $107 per
Paul Dawalibi:coin. So over $1,200 just to play this game, call it a game. And if you if you work out a lot, I
Paul Dawalibi:guess you could earn coins. Or you could just flip the NFT for more money. But what do you make of
Paul Dawalibi:move to earn here? I guess is the question. Well,
Jeff Cohen:this is what I've been waiting for my whole life. You know, I don't like to work out I
Jeff Cohen:need some motivation. So this could be you know, the answer for me is to to have some financial
Jeff Cohen:motivation. You know, the 1200 is is a big barrier to entry but, you know, sneaker heads are used to
Jeff Cohen:paying that I think that's, you know, there's plenty of sneakers that maybe I know you're a big
Jeff Cohen:sneaker guy, right? Well, your shoes must, must cost more than that.
Paul Dawalibi:I mean, is that is that a good equivalent though? Or is it more this is more like
Paul Dawalibi:buying a peloton like a physical piece of hardware that you then use to work out on. The difference
Paul Dawalibi:being you could potentially recoup the cost of your hardware purchase
Jeff Cohen:peloton paid you to work out this that would be, you know, that would be a hell of a lot
Jeff Cohen:better than then you paying a monthly subscription. I am curious, of course, I know you
Jeff Cohen:brought this up probably as a little bit of a gag story like we normally do. But it's a really
Jeff Cohen:interesting one, the sense of I'm sure there's plenty of people that, you know, have wanted to
Jeff Cohen:get paid to work out. And I wonder how sustainable This is? Like, is it possible for them to build an
Jeff Cohen:ecosystem where, you know, because the interesting thing here is, there's plenty of people who could
Jeff Cohen:argue like, it's almost similar to a gym membership in the sense of, there are people with
Jeff Cohen:a gym membership, putting in money, right into the ecosystem, and then not extracting value from the
Jeff Cohen:ecosystem, that sense of they're not going to the gym. So arguably, you could say that there might
Jeff Cohen:be people who buy the $1,200 shoe, and then don't actually run with it or don't actually work out.
Jeff Cohen:So they would not be extracting value out, but they wouldn't be putting value in. So arguably,
Jeff Cohen:maybe the ecosystem is more sustainable than something like xe, which we've consistently talked
Jeff Cohen:about with played around, everyone's trying to extract value. And when everyone's trying to
Jeff Cohen:extract value, that obviously, ecosystem doesn't work, because some people have to be putting value
Jeff Cohen:in. But in the case of when it's something you don't want to do, maybe there are people that
Jeff Cohen:actually buy it, but don't use it. So maybe maybe it actually is possible that it's sustainable.
Paul Dawalibi:I mean, it's still, it's literally still kind of an inverse Ponzi scheme, right,
Paul Dawalibi:like, it's still, you're still relying on some people putting money in and getting less than they
Paul Dawalibi:put in out. And you're right, and maybe working out is the kind of the holy grail of that, right?
Paul Dawalibi:Because to your point, gym memberships often go unused. I'd be interesting to see their stats,
Paul Dawalibi:right? Like, and I don't know what these green Satoshi tokens are trading at. And I don't know
Paul Dawalibi:how much specifically, you know, there's a graphic here, for those listening. I guess the the
Paul Dawalibi:sneakers are, have sort of four categories of NF T's, whether you're a walker, a jogger, a runner,
Paul Dawalibi:trainer, whatever. But like, how much would you have to work out? And does this end up being
Paul Dawalibi:relegated to literally, again, third world countries were developing countries where, you
Paul Dawalibi:know, now they're walking miles to, you know, earn a living?
Jeff Cohen:How do you be interesting, if you combine it with some gamification, maybe you have
Jeff Cohen:something like a Pokemon Go type metagame. And then you combine that with the fitness aspect, and
Jeff Cohen:like, I know, you can probably come up with some creative ways to make people exercise without
Jeff Cohen:realizing it. And then if they make some money like and have fun doing it, it's kind of a win win
Jeff Cohen:win. The only question is, again, who puts the money in and doesn't extract the value?
Paul Dawalibi:Yeah, fit the fitness is an interesting one. And I'll just read this quote
Paul Dawalibi:very quickly, and then we'll move on. He says, we're proud to reveal the potential of what
Paul Dawalibi:individuals can achieve with their fitness goals, using crypto as an incentive. I just think if you
Paul Dawalibi:need to be paid to get in shape. And look, I don't like working out either. But if being paid is the
Paul Dawalibi:barrier for you, probably not that motivated to get in shape to begin with. I understand the
Paul Dawalibi:gamification of fitness because you're trying to make it fun. But earning crypto isn't inherently
Paul Dawalibi:fun. And I'm not sure just paying people is enough of a long term motivator to get to keep them
Paul Dawalibi:working out. I don't know it. It all comes down to how these economics work, right? If you're if
Paul Dawalibi:you're having to work out five days a week just for pennies. It'll it'll be a nonstarter, I think
Paul Dawalibi:in North America. All right, let's move on. Let's talk about sandbox the sandbox. In the news, the
Paul Dawalibi:article here from Bloomberg, that sandbox is aiming to raise $400 million dollars at a $4
Paul Dawalibi:billion valuation. The it's a everyone knows it's a subsidiary of Animoca brands. They're looking to
Paul Dawalibi:raise 400 million $4 billion valuation. This is coming from sources. Again, people familiar with
Paul Dawalibi:the matter, quote, unquote, it may not be the final correct figure. But if it does go through at
Paul Dawalibi:this number, the article says it would make for around four times the size of its series B in
Paul Dawalibi:November. So November would only be what like five months ago. And that round that series B was led
Paul Dawalibi:by Softbank Vision Fund two, and they raised 93 million there. So sandbox potentially, you know,
Paul Dawalibi:raising a big, big round. I just want to put this story before I turn it over to you, Jeff against
Paul Dawalibi:this other article, where they were mentioning that sandbox and flick play are announcing a
Paul Dawalibi:partnership that allow players to use a blockchain asset on both platforms so freely move a good
Paul Dawalibi:between both worlds. Flick play it is, you know, they say they they describe it as an app where
Paul Dawalibi:players can unlock digital collectibles by using an interactive map of their actual surroundings,
Paul Dawalibi:and then use their phone's camera to overlay the collectibles onto the real world and interact with
Paul Dawalibi:the objects to make videos and other content. So maybe not a true Metaverse, but sort of an AR ish
Paul Dawalibi:Metaverse
Jeff Cohen:on go, but with Blockchain.
Paul Dawalibi:But the first time I think I've really seen an article where we're seeing
Paul Dawalibi:interoperability between meta versus, you know, put in quotations here. So what do you make of the
Paul Dawalibi:raise? And what do you make of this sort of first step towards interoperability?
Jeff Cohen:Yeah, I'll start with the the raise, and then we'll get to the interoperability piece.
Jeff Cohen:I mean, there wasn't a ton in the report, I was hoping I scrolled through it a few times, it was
Jeff Cohen:hoping to find some numbers around like revenue, growth player base or anything like that. Because
Jeff Cohen:we have seen reports, I think we talked about one last week where it was like the player base for a
Jeff Cohen:lot of these games, including the sandbox, you know, it's just been woefully low, like a few
Jeff Cohen:100,000, you know, monthly active players, which just simply shouldn't equate to a $4 billion
Jeff Cohen:valuation. Unfortunately, there wasn't too much information in this report, or in the Bloomberg
Jeff Cohen:piece, either. So we could get like a multiple. So we'll just talk a little bit, I guess from the
Jeff Cohen:base on that we do have the fact that the valuation is up for ex CEO since November, which I
Jeff Cohen:find pretty surprising because November was actually sort of the peak in the market like
Jeff Cohen:Right, right around when actually a lot of the NASDAQ names started rolling over and the high
Jeff Cohen:growth names rolled over. And if you just look at like Roblox has public market valuations since
Jeff Cohen:then take to pretty much any tech name slash gaming name. And even crypto, I would imagine is
Jeff Cohen:down, you know, between 25 and 70%, depending on what what asset you're talking about over that
Jeff Cohen:time period. So for sandbox to be up for X over that same period, kind of surprising. Given that
Jeff Cohen:it's not like they've had, you know, we see them in the news a lot, but it doesn't feel like they
Jeff Cohen:have a breakaway hit. It's certainly not something where, you know, when I go talk to my friends that
Jeff Cohen:are in working in the gaming industry, they're not like, hey, like, did you play the sandbox last
Jeff Cohen:night? It's just not really in the mainstream Zeitgeist. You know, we saw epic that around flat
Jeff Cohen:year over year. So Forex is really big. That's my initial thought. What do you think?
Paul Dawalibi:It's true, and that, you know, I hadn't even thought of putting it up against epic
Paul Dawalibi:that raised a, you know, a large round larger than this, they raised 2 billion at a flat valuation.
Paul Dawalibi:Right. And, and I would argue they've probably made more headway than Sandbox has. The article
Paul Dawalibi:does mention that CoinDesk reported, and we reported on this as well, on April 6, that x
Paul Dawalibi:infinity decentraland. And the sandbox, all reported decreasing levels of user activity. So
Paul Dawalibi:the user numbers are going in the wrong direction, and counter to what the valuations doing. I don't
Paul Dawalibi:know if this is I'm trying to think like, I'm trying to have sort of tinfoil hat theories here.
Paul Dawalibi:How you manage that, right? How you have user numbers going down? Jen general sort of hype
Paul Dawalibi:level, at least sort of coming back to normal, and yet this size of evaluation increase in this size
Paul Dawalibi:of arrays. Now, you know, they mentioned the article that it was hosted the world's first
Paul Dawalibi:Metaverse music video, you know, I don't know if they're just hanging their hat on, like these
Paul Dawalibi:kinds of firsts. And the investors just aren't that sophisticated. Having said that, it's
Paul Dawalibi:Softbank Vision Fund has a bit of a reputation of like, massive valuations that maybe are very
Paul Dawalibi:optimistic.
Jeff Cohen:It's true. I wonder what point we'll get it we'll get through in the hype cycle at the
Jeff Cohen:metaverse where we stopped seeing like the world's first Metaverse something where it seems like
Jeff Cohen:we've seen the world's first Metaverse fashion show the world's first Metaverse real estate, the
Jeff Cohen:world's first what was the one last week where it was like the 99% of Metaverse fashion or
Jeff Cohen:Metaverse, Avatar, celebrity avatar marks, the avatars just make stuff up. And it's like what is
Jeff Cohen:this market? Say I wonder when we'll get to that point, but that's such as design.
Paul Dawalibi:I mean, but assuming all the players here are rational, right, including the
Paul Dawalibi:investors, and the rumors are true, because we don't know Right? Like this could end up being
Paul Dawalibi:around at a $2 billion valuation, you know, someone misread a number or someone has, you know,
Paul Dawalibi:the rumors wrong, whatever the reason, so, I don't want to come down too hard to hear. But assuming
Paul Dawalibi:everyone is acting rationally, including the investors you have to suspect they've got
Paul Dawalibi:something up their sleeve right and my guests is when we hear about it, it's going to be a game.
Paul Dawalibi:Because I think that's what most of these Metaverse, platforms are all sort of, you know,
Paul Dawalibi:sandbox becoming a lot more like a Roblox or a fortnight kind of platform. I would bet good
Paul Dawalibi:money. I haven't seen a pitch deck from sandbox, so I don't know. But
Jeff Cohen:is that enough? Or is that like what you that? Like it almost? That almost feels like a
Jeff Cohen:requirement? Not like, Okay, now you figure it out? It's like, well, of course, they need to make
Jeff Cohen:a game like otherwise what is? Yeah, but
Paul Dawalibi:now now the $4 billion valuation in the context of, you know, epic at 30 and Roblox at
Paul Dawalibi:30. And, you know, now four starts to feel sort of okay. Right. Like, again, it's all about framing.
Jeff Cohen:Yeah. Right. So it's like for about, you know, like, well, is Assassin's Creed worth 4
Jeff Cohen:billion, though? Like the game? Yeah, 10 million people every year play it? Like, that's 100 times
Jeff Cohen:as many people's play the sandbox. Members, like, why is that? Like, why? Like, why is sandbox worth
Jeff Cohen:4 billion?
Paul Dawalibi:I mean, it's all good points. Hard to it's hard to counter them just trying to I'm
Paul Dawalibi:trying to defend here, the potential rumor and how they have a rational investor sort of gets
Paul Dawalibi:comfortable with that number.
Jeff Cohen:I guess if I could maybe throw my tinfoil hat or not even, like try to figure out
Jeff Cohen:maybe what their thinking is that are some of these investors saying, Hey, this is going to be a
Jeff Cohen:winner take most space, it's going to require a lot of capital A lot of money. So we just need to
Jeff Cohen:pick a horse and invest a ton. Because whoever has the most capital, the earliest and kind of like,
Jeff Cohen:almost like what we worked in, right, it was like, Hey, we're gonna go be the crazy people. We're
Jeff Cohen:going to own the space. And that obviously, you kind of alluded to that with Softbank earlier.
Jeff Cohen:Maybe that's the strategy here where it's like, okay, we picked our horse. Let's really go all in
Jeff Cohen:because we know that one of these is going to become the metaverse and what's back, want to just
Jeff Cohen:push our chips?
Paul Dawalibi:That's not, I mean, I can tell you, among much larger VCs than I was I ever was like,
Paul Dawalibi:if you go to the sequoias of the world, or the engery sins, or the soft banks, that is very much
Paul Dawalibi:the philosophy, right that, that their money is fuel to not pick not just pick a winner, but to
Paul Dawalibi:create to make the winner, right. Yeah, exactly. And so this could be Softbank making the winner.
Paul Dawalibi:Right. And that's an interesting thought. Because you're right, they may be looking at it as a
Paul Dawalibi:winner take most market. I hadn't thought of that angle. But absolutely, I think it makes a lot of
Paul Dawalibi:sense.
Jeff Cohen:So they may be saying, hey, like we don't, we don't necessarily we're not investing
Jeff Cohen:because of what it is today. This is almost just the vehicle that we're then going to make our play
Jeff Cohen:with. And you know, for 400 million, we could buy a substantial chunk of this. Versus if we want to
Jeff Cohen:do that with epic Well, you can't because it's Tim Sweeney if we want to do Roblox while they're
Jeff Cohen:public, so you know, that you can't just go buy 40% of it. But with this, you know, maybe they can
Jeff Cohen:get a 20 30% position and kind of push all their chips and say, This is our plan, we're gonna,
Jeff Cohen:we're gonna make this the winner. I agree. I
Paul Dawalibi:think that's probably the most likely now that I'm hearing it. I think the other
Paul Dawalibi:interesting thing we could probably spend a lot of time on we're not going to we're gonna move on
Paul Dawalibi:here, but like Animoca has been killing it just from a like, how much attention the pieces that
Paul Dawalibi:they own now or attracting dollars that the pieces they own are tracking like the number of companies
Paul Dawalibi:under that umbrella. And the amount of dollars I don't know what the total amount of dollars raised
Paul Dawalibi:under that umbrella has been but it's it's huge. Like it's gotta be it's gotta be a really big
Paul Dawalibi:number at this point.
Jeff Cohen:They're the 10 cent of web three, man I'm sure I'm stealing that from someone but I just
Jeff Cohen:kind of can't do it. So what they are they're the 10 Senate
Paul Dawalibi:let's let's talk about you know, the the flip side of this I think we'll end here
Paul Dawalibi:with to two quicker stories here about people upset about Metaverse experiences, I think we will
Paul Dawalibi:always want to try and show you know both sides barely hear the hype and and, you know, the the
Paul Dawalibi:pushback. And this first one is I'd like the headline crypto gaming landlords in quotations
Paul Dawalibi:upset they can't keep exploiting all the players quitting. So that sub headline exploited players
Paul Dawalibi:are rebelling against diminishing returns in the Pokemon like NFT game xe infinity. So you know,
Paul Dawalibi:we've talked about x infinity, we talked about the $600 million heist, which we now have found out by
Paul Dawalibi:the way, we should we should comment on this. It was committed by North Korea. They're the ones who
Paul Dawalibi:stole the 600 million for Maxine funding, which I think makes sense hence. But what's happening now
Paul Dawalibi:is, it says here as Vice reports, the result is a highly financialized community fueled by the
Paul Dawalibi:promise of future riches, and predicated on a constant influx of new players. Many of those new
Paul Dawalibi:players can't afford to buy axes directly. So existing owners loan them out for a cut of future
Paul Dawalibi:earnings. The xe community charitably calls the boss's managers, the workers, scholars, and the
Paul Dawalibi:overall arrangement of Guild we have I think, meant talked about guilds briefly at least. But,
Paul Dawalibi:you know, as the payouts get less and less in the context of this heist, are you surprised to see
Paul Dawalibi:headlines like this? That, you know, people are quitting the game? Because of the, you know,
Paul Dawalibi:unrealized promises or whatever whatever the reason may be?
Jeff Cohen:No, it's definitely not surprising. I mean, I think this is something we've been we've
Jeff Cohen:been pretty spot on the ball about this, you know, since we kind of started talking about Axi, it's
Jeff Cohen:like when you make the point of the game earning and not enjoyment and fun, as soon as you remove
Jeff Cohen:the earning and take away that digital job aspect, people will leave. And when you have an economy
Jeff Cohen:that's structured on the price of a token, and the price of a token being predicated on more people
Jeff Cohen:coming in and buying it, and joining the game, as people leave the economy, it becomes a negative
Jeff Cohen:self fulfilling prophecy, like a cycle of despair. And it just gets worse. So not surprised that
Jeff Cohen:people are leaving the game. As people leave the game, it gets worse for the people that are
Jeff Cohen:already there that remained so more people are going to leave. And yeah, there's these quote
Jeff Cohen:unquote, guilds are or whatever they call it. The managers of these guilds are the ones left holding
Jeff Cohen:the bag when the quote unquote scholars leave.
Paul Dawalibi:It's like, you hear them talking. It sounds like a, you know, early 20th century
Paul Dawalibi:labor dispute, right? Like, I had a fish farm and a plant farm. I'm reading this quote directly from
Paul Dawalibi:the article and 10 scholars, they have almost all quit my axes are worth 10% of what they cost me to
Paul Dawalibi:breed. I learned a lot in xe but like, like, are we gonna start seeing scholars unionizing? Are we
Paul Dawalibi:like, rules against, you know, landlords, exploiting their workers, the whole thing has felt
Paul Dawalibi:like kind of the worst part of any kind of capitalist endeavor basically, like literally,
Paul Dawalibi:they pick the worst parts of it all. You have this sort of indentured servitude, with scholars
Paul Dawalibi:working to pay off the, you know, their loans. It's just starts to sound very dystopian. And, and
Paul Dawalibi:I always, I think I've always said, x infinity in my mind will always be relegated to developing
Paul Dawalibi:countries. But even there, it seems to be falling apart. The other the other sort of conversation I
Paul Dawalibi:want to have in this article was, and the headline here was I visited Chipotle in the metaverse to
Paul Dawalibi:try and understand why restaurant chains are flocking to it. And the experience left me both
Paul Dawalibi:baffled and hungry. So this was in Roblox and, you know, someone visiting the chipotle activation in
Paul Dawalibi:Roblox and their conclusion was, although it's amusing, I don't foresee Metaverse restaurants as
Paul Dawalibi:a lasting feature. Now, compared to the last article, Jeff, this one I think is way more
Paul Dawalibi:disingenuous in the sense that again, I think we talked about this in the context of the fashion
Paul Dawalibi:show, right? Metaverse Fashion Week. It's someone going into Roblox on their like eight year old
Paul Dawalibi:MacBook. Because, you know, their editor told them to do a story on this. They're not gamers really.
Paul Dawalibi:And so the experience feels confusing.
Jeff Cohen:Do you see agree with you, but I do like the I like that in the sense because in order
Jeff Cohen:for us to get to the metaverse, like, those are the kinds of people you need to bring in. So I
Jeff Cohen:like reading their experience because I always picture it's like, Okay, what if my uncle wanted
Jeff Cohen:to join the metaverse or like my my mom like, this would be there. Right? It wouldn't be you know,
Jeff Cohen:you and Jimmy are people who are like hardcore gamers and have 14 gaming PCs and know exactly
Jeff Cohen:what they're doing. It would be you know, people that don't the thing that I thought was funny that
Jeff Cohen:headline said that he was he was hungry. He or she was hungry after you know going in. So maybe that
Jeff Cohen:was the whole point. I bet they were hungry and had a had a had Chipotle in the brain. I wouldn't
Jeff Cohen:be surprised if he went through that. So maybe that was the whole point of this. You know,
Paul Dawalibi:and it was kind of cute, right? Because it is coming from someone who's clearly
Paul Dawalibi:not that tech savvy. And, but I was amazed a that Roblox was felt more accessible, right as a
Paul Dawalibi:metaverse. There was no conversation of like, Chris Don't wallets or things like that to be able
Paul Dawalibi:to get in and actually interact and do something that had value to them. And clearly the chipotle
Paul Dawalibi:messaging hit home to your point. But I think we're still far away. We're not far we're still
Paul Dawalibi:not there in terms of onboarding the masses, right? None of the platforms are whether it's
Paul Dawalibi:Roblox, or fortnight, or at a level of complexity, higher a sandbox decentraland Whatever. No one's
Paul Dawalibi:really there yet, is the conclusion I draw. But this, to me is the proof, especially when you put
Paul Dawalibi:these stories back to back that the gaming platforms are much more likely to win than the
Paul Dawalibi:crypto first platforms or the play to earn first platforms, right, whether it's actually your
Paul Dawalibi:sandbox or decentraland versus a Roblox over a fortnight. I think this person had a genuinely
Paul Dawalibi:good experience because it was Roblox and if it had been sandbox or decentraland, I think their
Paul Dawalibi:experience would have been considerably worse. I don't know. Before we wrap up, do you have a
Paul Dawalibi:comment on that or?
Jeff Cohen:No, I think I think I agree with all that. It's we're still not there in terms of
Jeff Cohen:bringing people in. But robotics is easier. And I do agree without the crypto it kind of when you're
Jeff Cohen:bringing people into the metaverse, it's already somewhat confusing enough to the masses, adding
Jeff Cohen:too much crypto and decentralization can can just add to the confusion.
Paul Dawalibi:I agree, Jeff, let's That wraps up this week's podcast guys another episode flies by
Paul Dawalibi:really appreciate all of you listening. Make sure you hit the subscribe button. So if you're getting
Paul Dawalibi:this on Spotify, on Apple podcasts on Google Stitcher, wherever you're getting this, hit the
Paul Dawalibi:subscribe button. Make sure you get notified when all the episodes drop. It's one a week and share
Paul Dawalibi:it please send it to your friends or colleagues, anyone you're working with who may be interested
Paul Dawalibi:in web three, and the metaverse and is looking at it from a business standpoint, we really
Paul Dawalibi:appreciate it, Jeff, thank you. As always, don't forget guys, the future is fun. We'll see you next
Paul Dawalibi:week.
Unknown:Thanks for joining us here on meta business. Make sure to subscribe to this podcast
Unknown:everywhere you get your podcasts, leave a five star review and tell your friends, family and
Unknown:colleagues all about us. Also, make sure to follow meta TV on all socials to get more of the best
Unknown:Metaverse content anywhere. Tune in every week for another episode of meta business