So last week we looked at the story of Krypto since real vision started covering it in 2014 this week
We're going to hear from some Trailblazers to survey the new landscape of a Krypto industry
We follow the breadcrumbs left by Barry Silbert and Barack Benazir to the buffet of must-see content from real visions crypto week
So let's get to it in this week's episode of real visions. The one thing
What's going on investors 8k here now
I know you enjoyed the first half of real visions crypto coverage
But that was just the beginning
In our first crypto episode of the one thing we concluded that crypto currencies have value
But the market can't exactly agree on how much for part two
We're gonna look at what is currently bringing value to the crypto space and what the future might look like
We had guests like Barry Silver who runs a crypto investment fund and Barak Benazir who's creating the first sovereign
crypto currency in the Marshall Islands
The crypto industry has grown
Exponentially and just one example of that is the grayscale Bitcoin trust a subsidiary of Sill Birds digital currency group last week
He joined us again to discuss how far crypto tech has come
he breaks down the digital world the central and so one of the areas that
We have invested heavily
One of the projects we invested heavily is gonna make your head spin is something called
Decentraland so decentraland is a virtual world
it's a men averse and it's a play on our
hypothesis that in the future
People are going to spend more time in a virtual world and that virtual world were like will likely be you know
kind of VR like
You know goggles and so do central and is is similar in concept to if you remember Second Life. Yeah. Okay, so
With a few key differences number one
The land into central land is ownable
so every parcel of land
You can buy and you can speculate on the land. You can build them land you can lease out the land
There's no infinite. So it's not it's it's it's it's it's a supply as camp the idea of a virtual world isn't exactly new
I mean games like World of Warcraft have been around since the 2000 and I know there's a lot of building to do to go
from something like World of Warcraft to the matrix
But the reality is the technology is looking a lot more like the matrix than World of Warcraft after all your silver at explaining why?
Decentraland is different from other virtual worlds, and that's the other big difference in the second life
Second life was infinite and it was a little it was if you ever kind of I logged in a few times and it's kind
Of it was overwhelming it was there was no urban planning and and such essentially it is a it's a it's a it's a grid
The size of basically Washington DC so it has you can own the land and then there's an in world currency called
mana
ma-na
that is tradable like any other additional currency and so we have
Invested in mana we've invested in land and then we started investing in
Businesses that are being built with a new central land we invested in a company kind of building tools
For people to navigate the world. We invested in you know, we're looking at a media. There's a media business and do central and
There's a there's a Vegas district
And so we invested in the Vegas district to help support the growth of that
district into the hypothesis here is if a
Metaverse is going to exist if right the ready player world ready player one world is going to exist it
Can't be owned by a company. It should be owned by Google or Facebook or Apple number one to is
It is a platform for discovery meaning
If you want to go ride a roller coaster in the virtual world
I don't think that you're gonna go to your computer and say show me a roller coasters and VR
you'll put your goggles on you'll drop into the world and it'll be a a I
Avatar, that will show you the way to the roller coasters within the virtual world
So the opportunity for land owners to monetize their land is really interesting
There's there's an advertising play there
You know those that you can have a whole
Advertising network with and essentially the picture that silver paints here certainly sounds a lot more like the matrix than world of warcraft to me
we don't know what other crypto fuel digital universes will look like in the future, but
technologies like decentraland are showing us what the potential could be whether it's converting the US dollar to mana to buying your own piece of
decentraland gambling and virtual Vegas or running your own digital business
The future of the crypto verse is being built right now
Now the crypto revolution hasn't just influenced these virtual worlds
But they've influenced the real world as well
Barack Benazir is the lead of the group that created the South which is the world's first sovereign
cryptocurrency based in the Marshall Islands and as they're joined real vision to talk about creating the South touching on issues of
Acceptance privacy and how it solves micro level problems for the marsh
And how it can grow into a massive macro level opportunity for the concept of a sovereign cryptocurrency here
He is addressing that micro level problem. So the Martians have
1153 islands and
Only four of them like major ones have bank
Branches, the other ones are mostly cash economies and they settle between the islands literally with cash on boat
as both going with cash u.s. Dollar into the ocean and settling
accounts between the islands now once you have a national
Cryptocurrency all these infrared settlements this internal remittances and also external admittances
Becomes just a matter of pushing a button
So the sob trends the complexity of having those
Transactions settling cash boats servicing over a thousand islands into something that can be solved with the push of one button
This solves a real problem for Marshall Island, but with the sob the macro-level opportunity is where the real value lies
Here's Benazir explaining how the saath straddles both the crypto and fiat currency world giving it the flexibility to potentially gain widespread acceptance
So it's important to emphasize that
We believe that the rollout of the solving to the global financial system is going to be a gradual process
We don't we don't really think it's going to be an overnight that you know
everybody in the world will accept so
That being said though that being said
solve has the benefits of like
Think about like a bridge between the scripto islands and the mainland and it has one leg here and one leg here
So in the one hand, you'll be able to hold and transact solve like any other cryptocurrency
Hold it in a crypto wallet send it over the crypto where rails traded on crypto currency exchanges
It will have all that on the other hand. It's a fiat currency
that
Legally at least and also now it has compliance can be held in a bank
So we'll be able if you if you're not savvy was Krypton all that stuff
you can just hold your sovereign in a bank account in the Marshall Islands or hopefully afterwards also in other places and
Then you can have a credit card
Connected to your savvy account and then just pay with yourself in any business that accept a Visa or MasterCard
Just in the same way if you come to their with your US card and you go to let's say Europe
Just pay with your credit card over there. So in that sense
Soft will be the first crypto that has all the wonderful benefits of a crypto
But could also become a global trading currency
Because it has all the network effect that fiat currency has so this all sounds great and all but the Marshall Islands are a small
Set of islands in the Pacific Ocean how widespread is the sobs adoption gonna be who knows what I can say?
Is that the sob needs a lot of?
Infrastructure development and practical acceptance before it becomes accepted outside of the Marshall Islands
The central land is here right now though real people are buying into that
Crypto universe on top of the crypto investment funds and crypto exchanges that you've probably heard about people are starting digital businesses buying digital land
And creating valuable technologies today in the long game of technology adoption
We are still in the early stages with crypto
But the future is being built right now
If you want to stay ahead of the curve and see how you can profit from this then stick with us a real vision
I'll see you next week
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