The Metaverse vs The Multiverse - Finding Opportunities in both

[Music] hello and welcome to everyone welcome to the second day of european blockchain convention it's great to see you all all back here again we have the honor of having mario ceo and founder of nft he is dialing in from canada so that's why it's very dark you can look through his windows it's three in the morning so uh good morning or good night mario the floor is yours we're very excited to hear more about what you're working on and also for the audience if you have any questions please put them in the chat box and i'll try to find a little bit of time to ask the questions at the end to mario so mario the state is yours welcome i appreciate it thank you for having me so yeah if anyone has questions do ask them i'll be talking about a topic that should trigger a few questions because um thanks to mark it's a really hot and exciting topic now but i've been talking about this for a while well before mark made it into mark zuckerberg made it into probably the the term that everyone wants to plug into their company somehow and i'm finding every single company is trying to find out how to include metaverse in their vision or in their business model and in most cases it just doesn't make sense but what i found is that most people still don't really understand what the metaverse is now i'll tell you how i know this so facebook rebranded tomato and i think i think all of us know this and most people started freaking out like we got to stop facebook from controlling the metaverse and uh we gotta all stand together and to me that shows a lack of understanding of what the metaverse is and i'll explain why now first like who the hell am i i'm not sure if i can curse i'll try not to who the hell am i like why am i talking about the space well i've been excited about the space well before it became a buzzword and as the ceo and co-founder of nft tech i'll i'm responsible for deploying a lot of capital into the nft space now most of you when i say deploying capital in the nft space might immediately think of nfts representing um art and collectibles well to me the metaverse is a significantly bigger use case than uh and and collectibles i'll explain why nfts is a sexy way of saying digital ownership that's what nfts represent owning something on the web that's it so let's talk about the concept of ownership you can own i own this phone okay i own the airpods here i even own this bottle of water that i bought at starbucks and i own this transformer that you know i've got three of them as i travel every like two three freaking days so i own these things i don't own any collectibles i don't collect things um you know outside some digital collectibles now especially crypto bunks but i don't own collectibles and i don't own um art you know i'm not an artistic person there's no art in this hotel room either actually there's a painting here but it just doesn't bring me value so i'm not a big fan of art and collectibles in the physical world in terms of ownership i'm a fan of ownership because i own so many other things but not art and collectibles so why suddenly because it's digital ownership why suddenly owning art collectibles is like the go-to thing for the concept of nfts there's so many things you can own on the digital web in web 3.0 that the focus on on nft's on on collectables and art is just over the top in my opinion i look at nfts and what excites me the most beyond art collectibles which again it is exciting just i think it's not the go-to answer to what nfts are this is one of thousands and thousands of use cases so my favorite use case and something i've said for a while is that nfts represent the atomic unions of the metaverse or i'm going to rephrase it they'll reflect that they represent the nfts are the atomic unit of the multiverse and i'll explain the difference in a minute now what does that mean well the atomic unit meaning it allows it all to function the world we live in today cannot function without ownership i can't pay for this hotel room if i didn't own the car the credit card that i use and the money that i use to pay now you might argue hey the bank owns it you own it let's not go there so ownership allows us to function in society the same way ownership will allow the multiverse or decentralized metaverse to function so ceo and co-founder of nfc tech and the reason i'm talking about this is that we're deploying a lot of capital in the space investing in a lot of projects we have one of our favorite projects launching tomorrow called cytus heroes another one of our top projects we're very involved in called nft and they both have um practical metaverse plays as well so i mentioned the term multiverse and that might have gotten some attention some of you might have googled it and you probably didn't find anything i use the term multiverse to explain a digital world with multiple metaverses i'll compare it to the internet amazon.com is a website google.com is a website they're all on the internet on the technology we call the internet for me anyone can have a metaverse anyone including meta or facebook can build the metaverse and they are there's dozens there's hundreds i don't know if there's already thousands of meta verses but there will be we're we're talking about partnering with bit country which allows anyone to create a metaverse i call it like the shopify of metaverse which is pretty exciting imagine that the shopify of metaverses that's pretty sexy or what they say is that anyone could create their own sandbox or decentralize so anyone can create a metaverse and it could be a decentralized metaverse which is what many call a true metaverse or it could be a centralized or relatively centralized metaverse why people don't like meta i don't mind i think there's room for both and there will all exist on the web which i call the multiverse which is like the the digital solar system the multiverse to me is is like a digital representation of the world we live in today the solar system without predetermined physics now why do i say without predetermined physics because physics are you know what we have is physics in the physical world are code in the matter see no matter what you can fly you can you can teleport etc whatever the code allows you to do in the physical world i cannot find there's no way to allow me to fly so i've explained to you what the metaverse is i've explained to you what the multiverse is now many of you are looking at how to make money you know it's very common in crypto how can i make money within the metaverse multiverse how can i capitalize on it where should i invest in our capital that's my job now i'm seeing questions come in i'll be asking i'll be answering those questions at the end if i'm going to answer them no now victoria can tell me i can ask them as i speak if you prefer so what what you need to understand first is how the space will evolve i need to be a few steps ahead so you can't be following the hype you got to be trying to see where the hype is going to go next and be early there i think this is the best way to deploy your either your capital or your time and right now the hype is around gaming which is perfect which is fine why is that fine well i look at games as like an entry point a portal into the metaverse let's look at life you can call life as a game you can literally say life itself is a game the game of life so it makes logical sense for gaming to be the entry point for people to start adopting the metaverse and slowly those games will evolve into an economy you know let's look at actually infinity actually infinity right now is essentially a game where people buy axes play a game to make money everyone coming in to play axe infinity is looking to take more money out than they put in because everyone's trying to make money that's their their goal with axi which is fine but it's not sustainable and actually know this so that's why i actually are working at a for to develop a free to play game and they're working to develop a more sophisticated economy beyond just say buy axes play the game leave allowing people to also enjoy the game and building it into an ecosystem into an economy and soon that will become just like a a whole world you can experience it if anyone knows pokemon and i used to love pokemon if anyone knows pokemon they know that pokemon was like a world you live in you're gonna collect those creatures and stuff so actually could create that world where you put in those goggles and you're in that world where you own your your axes you can socialize with people the social aspect of meta versus the multiverse or the multiverse is really important um in the economy beyond buying axes and playing games competitions develop towards things you know that can have concerts there they can have a lot more things you know things that we cannot even imagine right now so you'll see that happen more and more with games the game i mentioned earlier scientists heroes they're an incredible game but they've got a plan to develop into a metaverse their own metaverse and you see more and more games do this so already games are they know that the future will be a whole digital economy a whole world they build on the web on in within the multiverse and they're working towards that so what does that mean too because i was talking about how to invest well everyone's working towards everyone's investing in games well look for games that have a clear logical plan to develop into a metaverse not just sticking the world metaverse the word metavis in their in their plan in their in their business plan but genuinely having a plan to achieve that so that's one way of looking at it in-game assets now every metaverse is talking about how you can buy land and you can buy scarce assets within their metaverse let's talk about land because it's the easiest example they're like hey we have limited land buying it now which is true you can limit the amount of land like decentralized decentralized the size of washington they don't have more land the only way more land can be created is if existing land owners vote to allow more land to be created which they wouldn't do that it's going to diminish the value of their land so there's no incentive to create more land yet unless somehow it increases the value of existing land so it is scarce but that doesn't make it valuable because a matter of us within itself is useless it doesn't matter how beautiful it is if no one's using it it's useless like if you go to a a part of earth that has like let's say part of the desert that has no life whatsoever no animals no humans nothing it's not going to be that valuable but if you go to now i'm in vancouver now but if you go to when i was in miami a few days ago but i'm going to dubai soon if you go to dubai the city center it's going to cost you an arm and a leg to be there because there's a whole economy there's no restaurants there's cafes there's gyms there's all these different things clubs and people and offices they're all there there's life there's a whole ecosystem there the same thing will be within meta versus a metaverse with an entire ecosystem and adoption will have the value so buying scarce assets within a metaverse that will not get adoption it's very logical and i'm not saying something is really hard to understand no matter how scarce it is doesn't give it value what gives it value is adoption what brings adoption is the community being built by that metaverse you know the actual community is a very very powerful community that's why it's worth so much the game isn't great they're very early there's better games out there there's better meta versus there'll be or actually hasn't launched a metaverse so what brings it valuable has a very powerful community and also how they have a lot of money and a strong name so look for a mata versus building a strong community and how are communities built were they built around a story i launched my first business world before crypto it's called fruity as an e-commerce business still exists today in over 30 countries and i remember i i've done a few speeches about this where i use this as an example how i built the business accidentally i didn't expect to build a business because i built a community first and there's so many examples of this in the business well it's the same within you know the roles of business applied to to life into the metaverse so if you're building a metaverse you have to get adoption to get adoption you have to build a community to build a community when you're starting out you need a story that people can rally around let's talk about the crypto punks community crypto bunks were the first nft avatar the first nft to trigger the the the er 7 erc 721 protocol that story gave it a lot of adoption a lot of value and then that story evolved to crypto bunks being like the raw likes the flex of the web anyone that has a crypto punk they can flex that crypto punch they say that's a symbol of status that's the story of the crypto book so i've talked about the the metaverse i've talked about the metaverse versus the multiverse i've touched on why i think you know and i haven't touched on that but i don't think meta or facebook's metaverse is a is a threat i think everyone's going to have a metaverse within the multiverse whether it's facebook whether it's google whether it's apple or there's governments whether institutions anyone you guys could all build your own metaverse within the the the multiverse ecosystem the digital representation of the world we live in today so i've talked about that i've talked about how you can find value within the space how you can determine um where the space is heading we're gaming right now evolving into a metaverse and um you know i'll end it with this i have a few minutes left so i'll end it with the following uh what's our play within the multiverse other than investing in great projects you know i've mentioned inside his heroes a few times but there's a whole bunch of them that we've invested in so we have a guild called gold guild now many of you might know ygg or gaming guilds gaming girls essentially buy assets within a game to allow players to leverage those assets to play the game let's use axi as the most basic example a gaming guild will buy axes that cost a few thousand dollars and then players that don't have a lot of money can borrow those axes play the game make money and split it with the owner of the axi but again as i said you have to think a few steps ahead and i'll tell you where i see this space heading i see guilds or gaming girls becoming educators becoming onboarding platforms to the metaverse becoming incubators to the metaverse or the multiverse what does that mean well people entering the space they need to learn about how to leverage the space how do i start a concert within decemberland or within sandbox gotta teach them how to do this how do i build a business so we become a university how do i get the money to start a business become a financial institution offering loans how do i build a business well we can incubate them we can support them so we're becoming that entire ecosystem like it i call it like the y combinator and morgan stanley and and harvard all into one incubating educating and financing the adoption of the multiverse that's actually cool educating was it educating now i forgot my own term so educating so incubating educating and financing the adoption of the multiverse that's sick i'm going to use that educating and what is educating incubating and financing the adoption of the multiverse so when you see that on our website our website is nft tech techh.com so we're just to let you know to conclude with this we're um we're going to be listing we're going to go public very soon expect it to go public in a few weeks on the stock market the first pureplay nft company to go public backed by some of the biggest names in the capital markets and in crypto and we're deploying a lot of capital in the space we're launching our own projects our guild is our biggest focus and investing in a lot of other startups and buying a lot of yield bearing in game and in metaverse assets and so that's my two cents about the metaverse the multiverse where i see the space heading how you can capitalize on the space how i would look at the space follows you and just understand it i think understanding is probably what the biggest competitive edge that you can have but i know that victoria said that last few minutes go through some questions and i could do that now um so maria wrote them down other maria del mar diaz i got a great question what conditions are required to be talking about a matter of us is minecraft matter of fact okay so look at the definition i've provided and many of us so many of you might imagine the matter verse as ready player one you have to wear those goggles and you weren't within what world to me is different to me this is the metaverse this phone i think in a few years time in a couple of decades when we tell our kids like hey you know we used to you know these were created initially to make calls and this this the metaverse x was created to make a call the iphone was created to make it call no way because later i think it will be it is a metaverse you know when i put my earpods i've got three airpods they got one i'm not making this up always have three where's the third one one two and i have a point with this and three there's a very important point three you're like what how why the hell do you have three i actually have a fourth one that's broken why the hell do you have three well this is my world i've always got those on always and especially when traveling they run out of battery all the time this is my metabolism i'm always listening to books talking to my team um i'm within that whole ecosystem and that will slowly develop into a whole economy so when you go to the metaverse think of it as a like facebook is already a metaverse facebook when you go on instagram you're in the world of instagram but it's just not that developed yet it was more and more of a time will develop into a whole economy that's what will slowly be called the metaverse of the multiverse a metaverse is like a country within the multiverse you wanna go the next question victoria yeah we we need to rev up i mean yeah your time flies with you i mean those 20 minutes were like going on i'll do like three minutes to go through quick some quick questions yeah take one question because we have the other speakers waiting um and do you think that the ownership of physical assets like like vehicles should also be represented by nfts and there will be because it just makes logical sense uh as it's more convenient but what you can all do i see a few questions there and just google my name and i'll see it one two minute left so i didn't see that message victoria google my name and connect with me somehow ask me the questions and i'll try to answer them all because i know there's other speakers waiting so i appreciate you all victoria um i hope that that was valuable very interesting marius thank you so much um yeah reach out to mario through linkedin twitter his website very very interesting i think we've all got a better understanding of the metaverse and our meter versus in the multiverse thank you so much mario please for the audience as i said reach out to him directly also you can do that through the people's tab and now please go to the next session mario good night to you and thank you so much [Music] you