web3

"Consumer demand will accelerate the need for security, privacy and regulation. Like zero-knowledge (ZK) where you can prove something is true without revealing all information. And of course, security infrastructure, which is very interesting and important at this current moment, even before the next bull market. For example, one of the companies we invested into Ledger, a digital asset hardware wallet. You basically have an app store interface where you can trade, you can stake. We see a lot of adoption of crypto in not just a retail space because of increased awareness, in the media, and new DeFi applications coming up, but also in the adoption of enterprise space. So a lot of these enterprises will be thinking to themselves, okay, in my treasury, not just do I need to hold USD and other currencies, maybe I need to also hold Bitcoins, or something else. DBS Bank, They're now holding some of this Sandbox Land, but where do they hold it? They can't hold it just in a wallet and then they throw it into some cabinet somewhere. They need to have the right, security hardware. So we believe this, will accelerate the adoption of applications like ledger, which is like a hardware wallet, for both retail and enterprise. So we believe that age-old saying of selling shovels during a gold rush is still very true." - Kelly Choo

Fresh out of the studio, Kelly Choo, founding partner from True Global Ventures discusses the state of generative AI and crypto in 2023 and what to look forward in 2024. Kelly started with his take on the recent departure of CZ from Binance and the ouster and return of Sam Altman in Open AI and how this impacts the AI and crypto landscape. From there, he broke down how they are looking at the next wave of generative AI companies specifically in the education, metaverse and legal space and crypto companies from ERC 6551 in non-fungible tokens (NFTs) to zero-knowledge proofs. Last but not least, Kelly defines what success would mean for both AI and crypto in 2024.

Episode Highlights:

[0:50] Quote of the Day #QOTD from Kelly Choo

[1:43] What has Kelly Choo been up to?

[3:19] CZ, Binance, and the Rise of Singaporean CEOs

[4:32] SamAltman OpenAI and Microsoft

[7:30] OpenAI Developer Event 

[10:05] The Current State of GenAI

[14:41] What Kind of Business Models are Going to be Proving Successful in the GenAI Space?

[16:48] True Global Ventures and AI Startups 

[19:23] Review of 2023 Web3 Megatrends

[28:03] What is ERC6551? AKA Programmable NFT's

[30:44] Web3 Tech We Should be Paying Attention To

[32:36] Impact of AI and Web3 on Gamer User Experience

[35:02] The Saudi Government Gets into Crypto

[38:55] Is the Apple Vision Pro a Game Changer?

[39:31] AR and VR Market Predictions

[41:01] BTC ETF and their Impact

[44:26] Regulatory Changes

[45:39] What Does Great Look Like for Crypto and Web3 in 2024?

[46:38] Closing

Podcast Information: Bernard Leong (@bernardleong, Linkedin) hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

We have lost trust in almost everything. 

Yat Siu has a clear vision for how we can solve our large-scale trust issues and enhance human coordination. 

For every problem technology creates, technology also has a solution. 

This is…A Bit of Optimism. 

For more on Yat Siu and his work check out: 

https://www.animocabrands.com/

See omnystudio.com/listener for privacy information.

🔥 Get ready for an EXPLOSIVE episode of "Crypto Crossfire" that's so mind-blowing, it'll leave you on the edge of your seat! Hosted by the one and only AJ, today's debate is a battle for the ages.

📚 We're diving headfirst into the world of Web3 gaming, dissecting its potential and pitfalls. Can it truly serve as a catalyst for mass blockchain adoption, or is it just another crypto fad? The debates are fueled by two articles that will have you questioning everything:

"Immutable and Amazon Web Services Team Up to Help Blockchain Games Scale"
(Read on Decrypt: https://decrypt.co/200895/immutable-a...) 

"South Korean Gaming Titan Wemade Taps Chainlink for Interoperable Web3 Gaming Ecosystem"
(Read on CryptoSlate: https://cryptoslate.com/south-korean-...)

🥊 In one corner, we have the unstoppable Ben Armstrong (@BenArmstrongsX), bringing his undeniable wisdom to the ring. In the other corner, we have the brilliant JChains (@CryptoJChains), ready to drop knowledge bombs that'll leave you speechless. 💣 And joining us as our resident expert is the incredible 'Stache (@CryptoStache), the go-to source for Web3 gaming insights and knowledge. 🎮

🌟 Meet the Panel:
Ben Armstrong (@BenArmstrongsX):
Follow Ben on Twitter for thought-provoking crypto insights (https://twitter.com/BenArmstrongsX) 

AJ (@Ajwritescrypto):
AJ's Twitter is where you'll find eye-opening crypto commentary (https://twitter.com/Ajwritescrypto)

JChains (@CryptoJChains):
JChains' Twitter is your gateway to the latest in Web3 news and opinions (https://twitter.com/CryptoJChains) 

'Stache (@CryptoStache):
Connect with the expert himself on Twitter for exclusive Web3 gaming content (https://twitter.com/CryptoStache). 

"The global adoption index is something that we put out once a year and it comes strictly within the research domain and it's our attempt to really elucidate just how much activity is happening around the world. Crypto is a global asset with activity in over 150 countries around the world, but people feel like it's a black box because they don't really understand who are these crypto users. Where are they? But in reality, we don't have answers to those questions because we don't have survey data around them. The government does not collect that data. So it feels like a black box, but it's kind of a created black box in its own right. And we're trying to show that that's not the case, that there's a lot of transparency here, and we can see where adoption is happening, and we can see which countries are the leaders in crypto adoption." - Kimberly Grauer

Fresh out of the studio, Kimberly Grauer, the director of research from Chainalysis provided an in-depth analysis of the Global Crypto Adoption Index 2023, highlighting Asia's burgeoning crypto and web3 activities. We discussed how Asia is currently leading the crypto activity from the Philippines to Pakistan, and highlighted what users are doing with their cryptocurrencies in their respective markets. We discuss the surprise in India's crypto and web3 activities despite strong anti-crypto regulation and how Asia's favourable regulation is bringing innovation from the US to the rest of the world. Last but not least, Kim described great would look like for the Global Crypto Adoption Index report in the next few years.

There are several fiscal concerns related to utility tokens and the token economy, including lack of regulatory clarity, market volatility, fraud, taxation, liquidity issues, and security risks. Taxation for NFTs depends on whether they were sold, created as a hobby or a business, or if royalties were received from the sale. Tax laws surrounding NFTs are still evolving, so it's important to seek guidance from a tax professional.

Today's podcast guests:
Erik Hensel, Tech Entrepreneur, MNTG:  https://www.linkedin.com/in/erik-h-a2393020/
Dennis Post, Partner Tax at EY: https://www.linkedin.com/in/dennisrpost/
Alex Bausch, (host), Chairman 2Tokens: https://www.linkedin.com/in/alexbausch/

Subscribe to our newsletter https://share.hsforms.com/1bf2NmSX1Tp6hFgNpN8_iWQ4tojo 
Read more on our blog https://www.2tokens.org/news 
Follow us on LinkedIn https://www.linkedin.com/company/2tokens 
Twitter https://twitter.com/2tokens_org?s=20 
Website https://www.2tokens.org/ 

Do you want to join one of the use cases? Contact us via info@2tokens.org

"With both Web3 and VR, if you thought that was interesting a year ago, it's still interesting. Nothing's really changed. Like 98% of all the nonsense has gone away. But if it was early 2022 and you thought VR headsets are going to be a device that two or 3 billion people own, well nothing's changed in the last year to change that.  If you think that we might build a billion-scale, consumer software, consumer internet service on a blockchain. Which is really what Web3 means. Yeah, ok.  If you thought that a year ago, fine, but you should probably think that is still five years away, but it's just as interesting now as it was then. But it's five years away. Whereas this second wave of AI had been kind of bubbling away very quietly for five years. I mean, the first demo is using generative networks to make faces and things in 2014. And they look terrible. They don't look very interesting. And then suddenly in the last six months, as I've said, suddenly this has worked. Or something's working. And then the growth thing. Well, what is it that's working and what will it become?" - Benedict Evans

Fresh out of the studio, Benedict Evans, the independent analyst and venture partner from Mosaic Ventures & Entrepreneur First, joined us to talk about his recent annual presentation on the technology business: The New Gatekeepers. Benedict shared his perspectives on the evolution of Web3 and AI given the major shift from the metaverse to generative AI. Last but not least, Benedict delves into the exciting possibilities and potential outcomes for the emerging wave of AI startups and explains what success would really mean for them.

Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

"Here in the US and to your US listeners at least, I think what maybe is lost is that despite the US's very aggressive stance against crypto, the totally opposite attitude is being adopted by governments on the other side of the world. Jin talked a little bit about Japan.  I would just highlight Hong Kong as a proxy to China, mainland China. It's very clear that China is opening up to crypto through Hong Kong. This is a total about-face from less than two years ago when China banned crypto trading and mining in 2021, and all of a sudden it's reopening to retail in Hong Kong in June, like coming up. I think China's reopening up to crypto is in response to a few factors, which gives me confidence that this isn't short-term or short-lived kind of thing. First, China is really increasing the priority of economic growth over social control in their economy. I mean, a totally different issue than Japan, which has been dealing with 0% growth for 20 years. But China going from six to five is really scary, or five to four is really scary for other people. And so, in particular, its tech giants have slowed a lot because of regulation in China and so they're trying to get that back right by looking at crypto. Second is that China's really trying to regain lost mindshare from the last few years in Asia, the centre of gravity for capital in Asia has very seriously shifted towards Singapore after the Hong Kong political issues, after China's extended covid lockdown." - Cosmo Jiang, Global Coin Research

Fresh out of the studio, Cosmo Jiang, Jin Kang & Junney Kang from Global Coin Research joined us in a roundtable to share the key takeaways from their market and investment report for Q1 2023. We looked at how the builders and venture capital in web3 and crypto are surviving through a tough bearish market despite the rebound of Bitcoin and Ethereum from the trading front. We continued the conversation to address whether Asia from China to India is now leading the resurgent activity for the web3 and crypto market with its crypto-friendly regulations and the potential to take away the lead from the US due to the recent aggressive anti-crypto regulation from the SEC in the US government.

Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

"Yes a lot of the blockchain companies don't know how to make games, and a lot of the game companies don't know how to incorporate blockchain into their games properly; there's really some truth to that. And there are some companies that put together both things like Animoca Brands for example, which started also as a gaming company and then morphed into a crypto gaming company. So they're trying to put these areas of ex expertise in together." - Serkan Toto

Fresh out of the studio, Serkan Toto, CEO & founder of Kantan Games joined us in a discussion to discuss web3 gaming after the three eras of gaming in the Asia Pacific: console, desktop and mobile. Serkan explained what makes web3 games different from the past and explained why the next breakout of web3 games would likely be from Asia. He also explored the debate that divided the traditional hardcore gaming and web3 gaming community and elaborated on the strengths and weaknesses of web3 gaming in the Asia Pacific. Last but not least, he offered his perspectives on what a great web3 game would look like.

Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

"The first thing is that the crypto market is still quite small compared to the equity [market]. [The size of the crypto market to equity market is about] one to 120, less than 0.8%, not even 1%. So, some smaller projects are very manipulated. [It is a] tough market, and second thing is that a lot of people say the variation for crypto is Twitter driven. So when Elon Musk or CZ send out a Tweet, it can pump up the project by about 5% to 10%. Because each [crypto] project is like religion, people believe in you." - Chris Lee

Fresh out of the studio, Chris Lee, co-founder & partner of TKX Capital joined us in a conversation about TKX Capital and his perspectives on how to invest in crypto projects and protocols globally in an uncertain era. Chris began the conversation with his background as the former CFO for both cryptocurrency exchanges: OK Coin and Huobi, and what he learned from meeting Warren Buffett in person. Next, he deep-dived into the mission, vision and investment thesis of TKX Capital and shared his thoughts on the current crypto market. Last but not least, he offered his thoughts on what great looks like for TKX Capital.

Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

"What if you could just outsource your disputes to Kleros? Whenever users have a dispute on your platform, Kleros will select a jury to analyze the dispute. They're going to see the evidence, see the agreement between parties, and they're going to make a decision about who is right, and then Kleros informs you of the decision on your platform. And then this is enforced by the smart contract and the money. Let's say Alice wins. So she's reimbursed the money that she would pay Bob for this. So this is one example in the freelancer (space). But imagine all of these platforms that just connect to Kleros through some pipes and send disputes - and Kleros sends back decisions. So this is the vision of what Kleros is going to build. This is why we call it "Decentralized Court" for all of the Web3 ecosystems." - Federico Ast

Fresh out of the studio, Federico Ast, founder of Kleros returned to the podcast to share the story of Kleros over the past few years and where it is heading as a decentralized arbitration service in the web3 and crypto economy. He dived deep into the concept of proof of humanity and how it helps to resolve identity verification and explored the implications of how Kleros has transformed the legal landscape from a landmark case in Mexico resolved by the protocol to advising the United Nations. Last but not least, Federico shared the new use cases relating to tokenized physical assets with Kleros and shared what great looks like for Kleros in the future.

"So one way to think about crypto is a group of people come together and they have a vision of the future, and they're betting on that fork of the future through collective capital. So some folks think it's going to be L2’s that are going to scale. Some people think it's Solana. Whatever it is, you get to bet on the version of the future that you want with your rest of your community. That's chaotic, it's a zoo of people collectively trying to decide what the future's going to look like. But the good news is at least if the past cycles are anything to go by, almost all reasonable forks of the future get funded, and then it actually goes extreme where. Where crypto dick butts are also getting funded and pictures of like the 18th dog token is getting funded. And so, if anything, those who have been in crypto long enough seem to have benefited; because I have certainly have not – I’m much newer to this industry. But they seemed to have benefited from holding tight on what they believe about the world to be true and sticking to that vision over a sufficiently long period of time - which in crypto is potentially, what, four years I guess. And that has been rewarded, because if they worked on something for four years, the tech is behind them, there's a community behind them that sort of becomes a meme. So, I don’t know how to value them. Maybe it's all relative but it's certainly not an exercise that I either have expertise in or even try to build one in." - Akshay BD

Fresh out of the studio, Akshay BD, Head of International Expansion and advisor to the Solana Foundation, joined us in a conversation to explain why the rumors of Solana's demise are greatly exaggerated and describe the vibrant developer ecosystems globally across the world. Starting from his origin story, Akshay discussed how Solana developer communities are continuing their building journey despite the recent crypto crash and articulated Solana's value proposition for interesting decentralized applications moving ahead. Last but not least, Akshay offered his perspectives in crypto and web3 key topics from tokenomics to valuation and shared what great would look like for Solana internationally.

Podcast Information:The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).

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