BlockChain, NFTS, and Decentralization

experienced in the first person by large groups of simultaneous users who share a strong sense of mutual presence.

Imagine being in a movie theatre. You're looking at the screen. That's a stagnant experience. That is the internet. If you get up and go into the movie, that's virtual reality (VR). If the people in the theatre can go into the movie with you, and you all have agency over yourself and make the movie, that's the metaverse. You are creating an extended reality so that everything that existed in the physical world is now part of a digital twin, and you can create in the metaverse what exists in the physical world. Thus, there are tons of new opportunities, and you are not limited by anything physical. Whether it's 2D or being engaged in an environment with a headset, it's the same thing because the mind interprets it the same way.

The metaverse takes visual and audio technology and puts all of them together. Imagine watching the movie in a movie theater; that's the web. That story that information is coming right at you. You can sit there; you’re aware of your surroundings, you're eating popcorn, you're talking to people, and you may be playing on your phone.

Now, you get up and go into the movie, but you're by yourself. Well, that is 3D. That may be a virtual reality now that you're inside the film. Now imagine that everybody in that theater came into that screen with you, and you were able to interact with them, and you decided what that movie would be. That is the metaverse; being involved and engaged.

It's web 3.0, although web 3.0, as you know, is just linking together a bunch of systems and computers. But this is an extension of the human experience. The metaverse builds communities and nations, unlike the internet, which creates narrowcast areas. And we will talk about why that's possible and why the metaverse cannot exist without the concept of the blockchain technology behind it. That's where the opportunities truly come in for many of our companies.

The metaverse allows people to own something. This is the game-changer we've been waiting for. Are we up to it? God brought me this far to tell the story and help look at the things plaguing our nation right now—capital in too few hands, wealth in too few hands. This is an opportunity for the American dream we all believed in—that we all can have a part of something that makes everybody whole.

BlockChain, NFTS, and Decentralization

Why would I buy a pair of tennis shoes that are only $29 and other people buy tennis shoes for $300, $400, or $600? Because tennis shoes don't matter to me. So, tennis shoes are not a need; they are a want. As more people go into these metaverses (there will be many metaverses, and they may never talk to each other), you will walk into these areas. You're going to look at pictures and see a house. You'll say, 'I want that house,’ but you're going to have to pay for it. And that's where the NFT market is going to explode.

The economic base is critical. We're working with banks now to do that because going back to tennis shoes is a want; people will pay for it. Another area where the metaverse will make a big difference is when you look at our farmers. They have a crop. The farmers don't necessarily have access to selling their markets, so they sell their products to a company that doesn't do the farming but is buying crops from every other farmer and not giving them a competitive price. Imagine if farmers created a marketplace for selling their products through this metaverse. Now, there are some other issues we can argue about, like how they export them, but the fundamental concept is the same. If the metaverse has already created a like-minded community, they would know, or a farmer would see a group of farmers in STEM City, USA, or the United States. They don't have to find that market. We have already created that community in STEM City.

Well, it's something called a blockchain. If I want to send somebody money, I don't have to go through Visa or MasterCard. I don't have to go through a centralized bank. Blockchain decentralizes information, and I can cut out the third party.

Because out of blockchain, you get all these currencies that are popping up without the need for a trusted third party. And because of that, you now create new value in the digital space. For example, you can buy music. You can purchase goods and services. You can bring a lot of things online. Anybody can do it without needing major institutions to help them create their businesses in this area.

Also, because it's decentralized, you have an opportunity for millions of people to play in that world. So, think about, for example, NFTs (non-fungible tokens).

You’re looking at a picture behind me right now. You could buy that with a Bitcoin or through any of that. That could be an NFT. This show could be an NFT. And the only argument is who wants to pay for it? Well, people pay for the Mona Lisa.

I mean, people pay to advertise on Facebook. That's all digital. So, if you stop and think about it, there's a lot of value just in the digital world that takes place all the time. So, the metaverse is built on the blockchain NFTs, and that's where we're going in the future.

If anyone cares for a young person, make sure they take courses like Unity and Unity programming. Start looking at all those pieces of software used to build the metaverse and other places. They will be critical, and they will pay off a lot. That's one place to start playing.