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From YouTube: 2021 Wanxiang Blockchain Global Blockchain Summit +Panel+ Metaverse Scenario, App and Business Model
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A
A
This
is
the
last
panel
of
seventh
global
blockchain
summit
and
today's
panelists
will
share
their
thoughts
on
scenarios,
applications
and
business
models
of
metabolism,
we're
honored
to
have
with
us
two
panelists
who
are
innovative
leader
in
our
industry.
First,
we
have
sebastian
buggett
the
co-founder
and
ceo
sebastian,
the
sandbox.
Sorry.
Second,
we
have
victor
john,
the
ceo
of
alchemist,
mmt
sebastian
and
victor.
Would
you
like
to
say
hi
to
our
audience
and
introduce
yourself
and
your
project
a
little
bit
sebastian?
Maybe
you
can
go
first,
absolutely.
B
A
Just
like
the
movie
free
guide,
we
have
released
the
world,
the
first
intelligence
and
the
world's
first
intelligent
mft
collection
in
the
mirror
world
and
soon
we'll
bring
crypto
native
triple
a
game
to
the
platoon
space.
So
today's
panel
will
last
40
minutes.
We
don't
have
much
time
so,
let's
get
into
it
before
we
can
have
a
meaningful
discussion
about
the
metaphors.
Let's
kick
off
the
conversation
with
defining
the
metaphors,
so
the
first
question
will
be:
what
is
the
definition
of
metaphors
from
your
perspective?
A
B
Absolutely
so
for
us,
the
main
verse.
It's
actually
a
concept.
That's
been
made
popular
through
skyfi
literature
and
movies,
snow
crash
by
neil
stefansson
and
ready
player,
one
movie
and
the
oasis,
which
essentially
says
that
us
human
being
will
be
able
to
live
all
sort
of
experiences
through
many
digital
parallel
universes
through
an
avatar,
an
avatar
that
will
be
a
3d
representation
of
ourselves
which
will
allow
to
attend
those
experiences.
B
Thank
you.
We
build
please
go
ahead
and
we
are
contributing
to
that
vision
of
the
medivers
with
sandbox,
which
sandbox
is
only
a
part
of
the
universe.
It's
not
claiming
to
be
the
whole
medivers
by
bringing
more
ips
more
brands,
more
type
of
entertainment
experience
which
range
from
gaming
virtual
concerts
virtual,
shows
art,
gallery,
museum
parties
and
more,
and
we
enable
users
to
own
the
piece
of
that
metaverse
through
owning
a
virtual
land
where
they
will
be
able
to
publish
their
experience
and
access
monetization
of
the
content
they
create.
C
The
following
following
substance
understanding-
maybe
I
can
share
my
understanding
from
another
angle.
So
for
me
my
diverse
is
like
a
soft
side
of
the
digital
world.
So
these
days
we
access
digital
worlds
through
computers
through
web
browsers
through
different
applications,
different
kind
of
games,
then
the
key
differences
for
metaverse
and
the
rest
part
of
the
digital
world.
I
think
it's
mainly
like
the
access
nicer,
the
experience
and
also
the
openness.
C
So
the
openness
is
the
best
thing
I've
explained
already.
You
should
be
able
to
bring
your
digital
object
across
different
platform
across
different
words
within
meta
words,
for
the
access
method.
I
think
most
of
the
metaphors
provides
a
vr
experience,
so
that
means
normally
the
best
access
method
is
through
those
vr
devices.
C
Another
way,
I
feel
is
that
we
can.
We
can
say
it's
like
a
new
place
for
people
to
create
and
also
to
consume
content
and
also
to
interact
with
each
other.
So
for
me,
I
believe
the
counter
are
the
farthest
growing
asset
class.
So
like
a
game,
their
content
picture
articles,
radio,
music,
all
type
of
different
digital
contents.
They
are
the
farthest
growing
as
a
class,
and
they
will
be
the
they
actually
will
lead
the
economy,
growth
and
in
terms
of
how
to
explain
it
to
a
10
years
old
case.
C
A
Okay,
cool,
since
both
of
you
mentioned
the
openness
of
the
web,
access
right,
so
expanding
on
this
topic
further.
So
what
do
you
think
is
a
relationship
between
the
metaphors
and
the
blockchain,
the
basically
the
same
thing
for
or
for
example,
just
say
that
blockchain
is
the
infrastructure
for
realizing
the
metaphors
except
please
go
ahead.
B
Yes,
yeah
you're
right
the
for
us,
the
blockchain
is
actually
the
technology,
the
infrastructure
that
allows
for,
like
the
transparency,
the
public,
shared
distribution
of
the
data,
so
that
there
is
not
a
single
company
or
entity
that
will
control
the
ownership
of
the
asset
or
the
data.
That
of
the
users
and
nfts
are
the
next
step
that
define
like
how
the
digital
assets
that
are
going
to
populate
all
those
virtual
world
that
constitute
an
experiences
that
constitute
the
malevolence
are
being
stored
on
that
blockchain.
B
So
they
are
like
metadata
that
contain
access
and
links
to
various
models
or
representation
like
images,
videos,
3d
files
etc,
but
essentially
they
have
a
record
two
records
actually,
which
are
really
important.
The
record
of
authorship
who
made
that
content
originally
and
a
record
of
ownership
who
currently
owns
that
combined
to
that
and
both
nfts
also
have
the
scarcity
components
we
can
see
for
year,
755
how
many
unique
copy
will
exist
of
such
token
and
never
anymore.
B
We
also
have
the
trust
and
confidence
that
user
can
put
into
the
notion
of
digital
scarcity,
that
behind
as
enable
development
or
a
whole
digital
economy
around
those
digital
assets,
essentially
enabling
nft
to
be
storing
value,
offering
utility
and
people
to
build
upon
services
and
values.
New
layers
on
top
of
this
infrastructure,
okay,.
C
C
For
for
different
virtual
world
to
cooperate
with
each
other,
they
need
to
do
integration,
they
need
to
add
the
integrator
to
one
platform
or
they
integrated
with
each
other.
So
that
means
the
integration
requires
a
trusted
third
party
and
there
will
need
to
be
a
platform
to
acting
as
their
transistor
party
so
with
blockchain.
Basically,
that
means
all
the
different
virtual
world
can
form
one
big
metaphors
by
sharing
the
same
trusted.
C
Third
party,
that
is
the
blockchain
itself,
so
they
can't
record
all
the
ownership
of
the
digital
object
within
their
digital
work
unless
shared
on
the
on
the
same
place.
And
then
that
means
all
those.
The
digital
object
can
be
freely
used
across
different
digital
world
and
eventually
it
can
form
a
big
metaphors.
C
A
A
B
All
right:
well,
I
think
it's
really
important
that
the
megaverse
will
be
a
place
of
culture,
a
culture
that
comes
from
the
physical
world
with
existing
brand
and
ip
that
us
as
human
beings
are
already
familiar
with.
So
when
we
arrive
into
this
new
world
that
world
built
by
our
imagination,
and
mostly
also
built
by
through
users
and
related
content,
I
do
believe
whenever
99
of
the
menus
will
be
built
by
users
themselves.
B
It
leads
and
that's
a
topic
I'm
really
attached
to
into
new
job
opportunities,
new
revenue
opportunities,
because
you
can
sell
the
content
you
create
because
you
can
animate
communities
because
you
can
actually
become
a
player
and
actually
earn
turn
like
the
content.
You
earn
through
your
play
time
into
a
revenue
stream.
The
metaverse
is
really
something
that's
never
been
seen
like
before
into
the
overall
gaming
or
entertainment
industry
and
has
been
accelerated
through
the
pan
damage
and
the
difficulty
of
our
own
physical
world.
C
Yes,
for
me,
it's
like
in
the
in
the
real
world
is:
it
seems
that
the
economy
is
kind
of
growing
to
a
certain
point.
That
is
the
either.
We
explore
the
like
the
universe
to
find
some
other
place
to
get
some
more
resources,
or
we
are
continue
producing
some
new
things
for
people
to
consume,
but
but
in
the
digital
world
there
can
be
another
direction,
which
is
the
developed
metaphors
and
the
following
semesters
mentioned
about.
The
metamorph,
basically
is
able
to
create
like
a
new
working
opportunity,
a
new
business
opportunity
for
people.
C
And
we
see,
the
growing
trend
is
like
the
early
adopters
users
go
into
the
metaphors
to
experience,
and
then
the
company
who
want
to
targeting
those
early
adopters
will
build
different
things
to
present
themselves
in
the
metaverse,
and
then
the
more
more
companies
come
in
the
more
they
will
also
bring
in
their
existing
users.
There
will
be
more
users
and
more
user
interest
will
attract
more
companies
and
eventually
it
will
grow
from
there
and
those
things.
There's
also
a
lot
of
interesting
game
game
type
of
matter
words
like
sandbox.
A
Thank
you
victor,
since
you
both
mentioned
that
we
probably
were
working
in
the
middle
of
us
and
earned
profit
from
it.
It
definitely
will
cost
a
lot
of
time
and
energy
for
of
us,
so
it
is
quite
crucial
that
we
can
build
a
metabolism
sustainably
so,
but
we
all
know
that
in
web
2
in
various
scenarios,
the
web
2
has
been
misused,
such
as
insufficient
privacy
protection,
monopolized
data
ownership,
abusive
use
of
recommendation
algorithm,
as
we
are
together
building
the
metaphors
sustainably.
A
B
B
It
could
become
political,
and
you
will
see
definitely
like
political
parties
and
system
of
users
who
will
be
representing
the
protecting
the
interest
of
other
users,
we're
shaping
to
have
from
the
core
the
idea
that
users
own
their
data
on
the
they
decide
what
they
want
to
share
or
not
with
the
developing
platform,
and
we
ultimately
over
the
next
three
five
years
will
lead
into
like.
I
believe
the
right
direction
will
be
to
open
source
the
tool,
so
everyone
can
see,
even
if
a
world
of
diverse,
like
sandbox,
is
running
initially
in
a
centralized
manner.
B
The
fact
that
the
business
model
is
different
than
centralized
platform
like
roblox
facebook,
etc,
like
very
often
when
a
product
is
free,
like
you,
are
being
monetized
actually
as
a
user.
Here,
it's
different
you
opting
to
enter
the
platform.
You
have
your
wallet,
you
have
to
make
a
purchase
to
own
an
nft
and
through
that
purchase
and
the
transfer
of
ownership
of
those
purchases,
you
can
see
everyone
in
the
chain
who
earns
from
it.
B
There
is
no
hidden
element
of
monetization
in
those
models
and
I
believe
it's
part
of
the
culture
of
like
who
are
the
companies
operating
and
building
that
they
have
been
embracing
community
driven.
They
wanted
to
change
the
way
things
have
been
done
for
25
plus
years,
giving
more
opportunity
for
their
users
rather
than
trying
to
squeeze
the
most
money
out
of
their
users
to
please
like
shareholders,
etc.
So
I'm
rather
optimistic
that
it
could
be
built
in
a
different
way
and
will
not
fall
in
the
same
issue
than
before.
C
I
I
I
try
to
look
it
from
another
angle,
so
if,
if
we
define
metal
verses,
that's
a
like
like
a
verse,
so
that
means
within
other
words
there
will
be
hundreds.
Thousands,
millions
of
different
digital
work,
different
different
digital
words.
So
that
means
there
can't
be
like
a
good
digital
world.
There
can
be
bad
digital
world
and
the
third
one
will
definitely
be
replaced
by
the
good
one.
So
it
will
be
so
for
the
metaverse
itself,
it
will
be
very
difficult
to
become
like
a
public
bank.
C
Really,
something
is
the
is
not
made
by
one
party
not
controlled
by
one
party.
It
will
be
just
like
the
universe.
There
are
millions
of
planets
in
the
universe,
and
maybe
one
planet
is
inspired.
Another
is
food,
but
for
the
whole
universe
you
cannot
define
to
say
they
are
good
or
they
are
bad
because
they
are
not
owned
by
anyone.
I
know
the
other
rules
is
also
not
defined
or
decided
by
anyone,
but
for
the
different,
the
digital
world.
C
I
think
the
word
with
the
more
be
more
open
and
be
more
recognized.
The
ownership
of
the
digital
object
will
be
exist.
For
example,
if
you
have
a
crypto
dog
like
an
ft
and
it's
a
white
column-
and
in
this
word
it's
it's
all,
not
your
your
your
original
criteria,
it
shows
as
your
cute
white
color
crypto
dog,
but
in
another
word
based
on
that
rule
that
the
rule
of
that
word,
it
will
just
render
it
into
a
cat
or
render
it
into
a
yellow
color.
C
A
Thank
you.
Thank
you.
Victor
and
we've
had
a
very
interesting
discussion
about
a
matter
metaphors
more
conceptually.
I
know
you
two
are
not
just
a
generalist,
because
you
are
working
on
very,
very
fantastic
and
successful
projects.
So,
let's
focus
on
the
metaphors
from
the
angle
of
building
the
products
for
the
next
part.
A
B
That
allows
people
to
make
all
those
3d
sort
of
digital
lego
like
kind
of
characters,
some
of
them?
You
can
see
behind
me
and
we
have
now
hundreds
of
artists
around
the
world
that
made
tens
of
thousands
of
models
like
those
which
will
populate
them
in
others,
so
that
when
we
open
a
virtual
world,
it's
not
going
to
be
empty,
but
there
will
be
already
a
lot
of
content,
animated
with
gamification
mechanics
species
and
more
for
users
to
experience.
We
launched
the
map.
B
So
we
progressively
enabled
users
to
enter
by
owning
a
piece
of
land
which
is
a
digital
space
where
they
can
publish
their
experiences
and
even
though
they
cannot
publish
it
yet
to
the
public.
They
they
know
they
have
that
reserve
and
can
use
it.
We
launched
the
game
maker,
which
is
like
one
of
our
masterpieces
at
sandbox.
It's
a
tool
that
allows
anyone
to
make
games
without
any
private
knowledge,
and
it's,
I
believe,
the
most
successful
software
we
have
now
with
30,
000,
plus
mostly
active
users
from
any
country.
B
We
have
anyone
ranging
from
kids
from
people
like
just
changing
jobs
and
career
and
becoming
those
digital
architect,
studios
or
builder
studios,
like
victor,
was
referring
before
and
growing
an
ecosystem
of
people
who
understand
that.
I
can
build
that,
and
I
don't
need
to
be
a
crypto
user
to
build
that.
But
then
I
will
become
one
and
be
interested
afterwards.
B
We
brought
the
brands
in
some
of
them,
include
snoop
dogg,
walking,
dead,
atari
kia,
bear
smurf,
etc
to
give
visibility
and
appeal
to
their
fan.
So,
for
far
with
more
than
165
brands,
we
reach
out
to
over
a
billion
fans
around
the
world
which
will
be
here
to
taste
and
test
all
the
experience
as
they
open.
First
and
ultimately,
we
open
the
tokens
and
put
everything
on
chain
with
nfcs,
which
showed
that
we
started
with
a
product.
First,
the
value
proposition
and
the
community
before
introducing
the
token
optics.
B
We
hope
to
continue
and
now
to
compete
with
the
largest
player,
the
most
centralized
one,
whether
it's
facebook
horizon
roblox
fortnight
over
the
next
decade.
I
believe
will
take
time,
but
I
think
like
on
this
path
forward
and
as
victor
was
saying
like
the
more
content
is
built,
the
more
I
p,
the
more
games.
There
will
be,
the
network
effect
kicking
off,
which
will
bring
more
and
more
millions
of
users
into
those
worlds.
C
So
so
for
me,
the
number
one
thing
for
crypto
native
metaverse
is
non-custodial,
so
that
means
with
the
private
key
users,
have
all
the
keys
derived
from
his
private
key
he's
able
to
freely
use
whatever
services
within
the
matter
verse
and
also
prove
to
the
service
his
ownership
of
a
different
different
digital
object.
I
think
that
is
the
number
one
important
thing
as
a
crypto
native
yeah.
I
think
the
rest,
the
best
thing
is
covered
all
of
them.
C
B
Well,
I
think
it
has
to
start
by
not
forgetting
like.
Why
would
user
wants
that,
like?
What's
the
motivation
and
you
have
to
offer
an
experience,
that's
seemingless
that's
going
to
be
fun
and
that's
because
users
are
like
the
quality
of
overall
gaming
and
all
games
for
mobile
phone,
pc,
console,
etc.
It's
just
like
there's
so
much
competition.
You
have
to
offer
something
that
at
least
stand
out
in
terms
of
standards
and
expectations
from
those
audiences.
B
So
you
or
other
games
you're
essentially
competing
for
your
attention.
The
benefits
of
true
mushy
is
great,
but
if
there's
not
a
greater
motivation
to,
why
do
I
truly
own
those
assets?
Do
I
truly
own
them
because
by
building
that
collection,
I
can
expect
one
day
to
use
it
somehow
into
an
experienced
game.
Can
I
use
it
to
actually?
This
is
my
new
type
of
savings
and
I
can
generate
a
revenue
by
arbitrating.
B
If
I
skip
it,
sell
it
or
use
it
in
game
like
many
more
rpg
game,
player,
etcetera,
will
understand
the
concept
of
loot,
skills,
etc.
Farming
and
that
notion
of
value
of
the
content
you
create
is
essential.
It
should
be
essential
and
obvious
to
both
crypto
and
non-crypto
users.
Yes,
the
crypto
units
will
be
more
easily
convinced,
but
if
you
expect
to
grow
the
market
in
a
very
significant
manner,
you
you
have
to
see
beyond
that.
C
Yes,
because
we
are
also,
we
have
another
product
that
is
the
currently
is
the
largest
open
source
mobile
wallet
for
evm
based
networks
with
over
400
folks.
So
we
definitely
know
like
the
pinpoint
for
outbuilding
new
users
into
crypto
space
and
also
into
crypto
native
metalworks
space.
So
I'm
100
agree
with
the
sebastians.
C
So
it's
you
you
cannot
crypto
native
is
a
good
thing,
but
that
is
not
a
goal,
because
you're
asking
questions
what
should
be
crypto
native
metaphors?
That
that's?
Why
I
honestly
need
to
100
percent
non-custody.
You
need
to
you
need
to
control
your
own
priority,
all
those
things,
but
those
things
on
the
same
time
can
be
a
big
barrier
for
onboarding
new
users
and
the
goal
is
to
provide
the
best
experience
for
user
is
not
to
be
crypto
native.
C
So
for
me,
it's
like
a
when
we
start
or
even
when
we
grow
crypto
native
or
not
for
metaverse
is
not
really
something
very
important.
The
most
important
thing
is
a
private
good
experience
and
in
terms
of
detailed
practice,
we
with
the
arkham
eft
we
launched
one
paradise
called
the
autograph
5t,
and
that
is
I
think
that
is
the
first
group
of
smart
contracts
on
ethereum,
which
is
not
only
using
a
mobile
wallet
as
the
slowly
identifier.
C
So
that
means
our
contract
not
only
recognize
your
wallet
address.
It
also
use
your
twitter
attestation
as
a
95,
so
that
means
for
a
normal
user.
If
they
don't
have
a
mobile
wallet,
it's
100
fine,
so
every
time,
if
they
want
to
interact
with
our
contract,
they
can
use
like
a
one-off
wallet
to
claim
one
attestation.
I
use
that
attestation
to
operate
the
contract
and
after
that
you
can
ignore
or
delete
or
or
forgot
that
that
body
address
and
next
time
whenever
is
coming
in,
you
do
like
the
similar
process.
C
By
doing
this,
it's
actually
going
to
have
the
wallet
behind
and
then
for
the
user.
It
feels
just
like
he
uses
twitter
to
operate
the
contract,
but
actually
at
behind.
This
is
multiple
step,
so
we
are
definitely
and
there's
many
other
projects.
That's
working
on
the
similar
direction,
trying
to
remove
all
the
barriers
for
people
go
into
the
crypto
space
and
go
into
the
metalworkspace,
so
I
definitely
see
it's
getting
better
and
better,
and
I
can
see
there
is
a
breaking
through
point
out.
Call
me.
A
Thank
you.
Thank
you.
Victor.
I'm
totally
agree
that
the
product
will
go
first,
but
in
every
conversation
about
a
metaphysical
we
cannot
avoid
to
talk
about
the
in
medivis
economists.
So
we
can.
We
can
relate
to
the
mediva's
economist
to
the
business
model
of
the
metaverse,
even
though
that
I
don't
really
know
what
is
business
model
of
the
metaverse
but
yeah.
A
B
B
C
C
Maybe
maybe
I
can
give
some
examples
of
as
the
maker
of
the
digital
world
what
can
be
their
business
model,
the
first
thing,
of
course,
as
a
maker
of
the
digital
world.
Of
course
you
can
take
those
business
opportunities
of
estimation
within
your
within
the
digital
world
as
well,
but
at
the
same
time
as
you
are
the
it's
makers,
it's
it's.
It's
very
similar
like
a
kind
of
a
create
a
new
nation.
C
C
Monetizing
policies
there's
a
way
to
have
a
business
model,
it's
more
like
a
kind
of
a
tax
for
them
for
the
nation,
so
there
are
definitely
ways
to
have
a
business
model
for
both
the
maker
of
the
digital
world
and
also
different
type
of
user
of
the
digital
world
and
which
will
help
with
continue
grow.
The
metalworks.
A
Thank
you.
Thank
you
victor,
and
this
discussion
has
been
very
fascinating,
but
unfortunately,
we're
running
out
of
time.
This
is
the
last
question,
perhaps
an
audience
our
audience
all
audiences
will
have
for
you
too.
What
is
the
future
plan
for
the
sandbox
and
alchemy
mt?
What
should
we
be
excited
about
in
the
future?
So
sebastian.
B
Well,
so
many
exciting
things
are
happening
at
sandbox.
I
believe
next
week
we'll
have
a
series
of
announcements
together
at
nft
nyc
in
terms
of
like
values,
collaboration
and
more
on
our
roadmap.
We
have
a
first
alpha
experience,
opening
for
users
toward
the
end
of
the
year
as
well.
So
one
moving
one
step
forward
into
showcasing
how
platoon
will
be
experienced
by
users
into
our
virtual
world
and
there's
a
great
amount
of
larger
ips,
celebrity
sports,
entertainment
and
more.
C
C
So
with
the
recycle
interface,
what
we
are
able
to
achieve
is
that
you
are
able
really
able
to
use
your
digital
items
across
different
platforms,
because
the
thing
for
those
night
here
is
the
part
within
the
smart
contract.
They
are
super,
they
have
the
very
high
intercoopability
availability
security
and
they
have
the
good
trust
anchor.
But
for
the
part
which
is
related
to
the
smart
contract
record
but
cannot
be
recalled
on
blockchain
for
that
party
have
a
much
lower
availability
security.
C
I
normally
will
introduce
a
new
trust
anchor
and
also
the
way
how
to
render
those
knowledge
how
to
use
those
logic
is
not
portable.
Normally,
so,
with
the
token
switch
framework,
it
is
able
to
provide
a
new
layer
of
the
interface
for
talk
to
make
your
world
kind
of
use
really
across
multiple
digital
world.
In
the
metaphors.
A
Thank
you
victor.
That
sounds
really
promising
and
exciting,
looking
forward
to
see
them
all
happening,
and
our
cta
rcta
played
plans
to
releasing
our
first
demo,
our
aaa
crypto
native
first
world,
first
triple
a
game
and
make
them
virtual
beings
in
the
game
all
alive
in
the
near
future.
So
thanks
everyone
for
joining
this
panel.
I
hope
everyone
could
enjoy
it,
see
you
next
year.