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London Real

Robbie Ferguson - How Scalable Blockchain For Video Gaming is Transforming the Digital Universe

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 16 March 2022

⏱️ 95 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

To me it's not about how do we pay people thousands of jobs playing a game that's obviously

0:06.2

not sustainable for everyone. What it is about is shifting the narratives that instead

0:10.7

of people expecting to not own anything and that they get a war deal, they get entries

0:15.0

in a centralized database. The default is like stuff in real life, like owning your phone

0:20.7

when you buy a ability to actually have control over the things that you should have control

0:25.2

with.

0:26.2

We give them our information and they sell it back to us because we just don't know

0:29.2

any better. My health data could be an NFT that I get a return on every year if I give

0:35.4

it to a platform or my search data when I connect to a platform like Facebook or YouTube.

0:40.7

These are all potential NFTs that we could all own in the future, earn returns on or at

0:46.4

least have the ownership of that data more than anything.

0:49.5

Fundamentally all the innovation in NFT is taking the core innovation at Bitcoin, a

0:55.0

fundable cryptocurrency and allowing that to be expanded to every form of unique value

0:59.7

in the world.

1:00.7

Even if you think about shares on a stock market, they require a unique data format to be

1:05.7

stored and traded because you have different types of share preferences, you have different

1:11.0

classes of stock which have different future voting rights.

1:14.2

And so even on things that people would traditionally decay if this is fundable, this just requires

1:17.9

this ordinary technology, it actually requires NFTs.

1:21.5

What the power of this stuff is is providing liquidity to everything, creating the global

1:26.7

market for any unique asset.

1:29.6

That's incredibly powerful.

...

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