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London Real

The Metaverse is the new Internet - Robby Yung.

London Real

Brian Rose

Investing, Business, Technology

4.41.9K Ratings

🗓️ 11 January 2022

⏱️ 5 minutes

🧾️ Download transcript

Summary

You can watch the full Robby Yung episode for FREE here: londonreal.tv/yung

Transcript

Click on a timestamp to play from that location

0:00.0

I want to start off by maybe asking you up a basic question because everyone on me,

0:05.6

I'm trying to get them into blockchain and crypto. So I get them matamask wallets and I had my

0:11.3

17 year old daughter in here. We had a 90 minute conversation just like this. And afterwards,

0:16.2

she got a metamask wallet. She got some ethereum. She got an NFT, which quite frankly,

0:20.4

Robbie made me the coolest dad in London for at least a week. Then my mom, she's 78 years old.

0:26.5

She lives in San Diego, California. She owns property. That's what she does for a living. She runs

0:31.2

some property. She's owned for like 30 years. Now she has a metamask wallet. She has ethereum.

0:36.8

She has some stablecoin. And I send her some chain link, you know, because she gave birth to me.

0:40.8

So I figured might as well give her some of that. But Robbie, when I try to explain the metaverse,

0:46.4

it's hard for my mom to kind of take that next step. And I was wondering, how would you explain it

0:52.5

to someone like my mom? I think people have seen Ready Player One. Maybe they've played Minecraft.

0:58.3

Maybe they've been in a messenger chat. But this is something different. So how would you explain

1:03.8

that to my mom or someone else that's new to this space? I think the easiest way to explain it is

1:08.2

to just think of the metaverse as, you know, it's a bit of an all-encompassing term like internet.

1:14.7

But the metaverse is really what we're now calling Web 3. It's the next version of the internet.

1:19.8

And the main difference is that, you know, 10, 20 years on, we have a couple of interesting

1:26.3

technologies. Number one, computing technology has gone through the roof. So, you know, we have

1:31.0

smartphones in our pockets that have processing power. We couldn't have dreamed of 20 years ago.

1:35.5

And more importantly, we now have blockchain. And what blockchain does is blockchain allows us

1:40.7

to have a secure economic underpinning to the internet. So basically what we had before was we had

1:46.8

the free internet as in everything is transacted for free. You download, you upload, etc. And it's

1:52.7

all free because there's no way to securely exchange value. And we came up with solutions which

...

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