Video Closed Captioning:
good morning good afternoon good evening
folks michael zuber one rental at a time
one thing that hopefully makes one rinse
a lot of time channel different is i
solicit ask for
advice on things i know nothing about
so we have millennial mike going to
bring us back for round two
of the metaverse how you doing buddy
i’m doing good i’m excited to talk about
it and build upon uh dion being a nerd
add to it what i can
you guys are helping me out you guys
talk about stuff i have no clue about
obviously we’re talking about the
metaverse because i hear it’s going to
be a big thing i hear there’s real
estate i hear there’s money being made
and uh
yeah i don’t get it so uh help me
understand help me go next level because
i still don’t get it
so uh when you had dion on the other day
he was talking about how he built these
digital castles in this game that he
played and he was able to sell the
castles
and then he was able to
buy them even he even started buying
them from other people who had built
them and then resell them and for those
of you who are maybe this is the first
video you’re watching what dion was
talking about was something within a
video game right it’s not an actual real
place it’s not a real castle but it was
an asset now if you’re asking yourself
why this is an asset and why it has
value you have to remember time
just like building anything in real in
real life if you go out and build your
garage shed or if you put together a car
it takes your time and that’s why people
pay experts to build things for them so
that they can then buy it save
themselves the time have it done faster
have it done more professionally
and they would rather just pay a fee
skip to the end skip the line
that’s really where the the value for
these things come in you know if you
think about uber uber does not sell you
a taxi service uber does not sell you a
ride sharing service what uber uber
sells you is time you could be sitting
in your meeting press one button and
something is on its way to you at your
building right now with all your
information set up it sells you the time
and then when you’re in the car you can
do whatever you want
that’s how they make their money okay so
what i thought dion missed or what he
forgot to cover
when it comes to things like the
metaverse if it’s going to become a
place where people actually hang out i
don’t know if you saw the article where
chase bank was like the first bank to
create a lounge in the metaverse did you
see that article
uh i saw the headline okay yeah so they
they created a lounge for people to hang
out in the metaverse and within this
lounge there’s a picture of jamie
diamond on the wall so of course there
is of course great so you can virtual
reality headset on you can walk into
this lounge look around and there’s
jamie diamond on the wall right first of
all most people are probably watching us
like why would anybody
hang out in the metaverse why would you
not just go hang out with other people
in real life and that kind of makes
sense i understand it but for some of
you people who are more extroverted and
maybe had better experiences in high
school than folks like me when you were
a loser
you only had a couple options and that
was to pretend you were cool online to
other people and that’s where
influencers were born come on i cannot
look at you today and think high school
loser let’s not over exaggerate now you
were an athlete homecoming queen
king sorry
i am glad that i have faked it long
enough until i can make it but i was six
foot four and 120 pounds i was a very
skinny
shaggy haired not a cool kid played
soccer which was not the cool sport in
the midwest so anyway i spent a lot of
time online with my online friends
that’s what i wanted for 120.
yeah now i’m now i’m six four and two
hundred and i still look scrawny but
um what i wanted to talk about i think
dion missed was how advertising is gonna
work in the metaverse ah
so he talked about buying and flipping
assets that create time but the other
thing you have to remember is that when
people spend time in a location and
their eyeballs are on something that’s
when advertisers say i want to put my
sign here i want to put my billboard
here i want to put my my shop front all
these different things here so that when
you’re in this area
you see it so i figured what better than
to show folks a little little clip of
world of warcraft and i know if you’re
getting ready to click out please just
it’s gonna be like five seconds long
okay five seconds long yeah and i’ve
never seen this so uh i i’ve never
played an online
i don’t think i’ve played an online game
ever
but you know back when they had pong i’m
sure you were a stud so maybe super
mario brothers yeah no no i no i was not
a video game guy okay well let me try to
put this in terms that folks will
understand um most people have at least
seen mario the video game mario even
older generations everybody knows mario
most people know the music you know you
get the mushroom you grow you can shoot
little fireballs okay
yeah i’ve been to video arcades right
haven’t played online games so imagine
on that very first level of the game
mario okay probably the most played
level there is you run you jump on a
little guy everybody knows the first
level imagine if in the background
instead of just a big blue sky there was
an advertisement for mcdonald’s there
was just a mcdonald’s arch back there
how many millions of people over the
last 30 years would have seen
that mcdonald’s arch there or whatever
any advertising company wanted to place
that’s interesting
and how valuable would that be worth
yeah i mean you think about literally
hundreds of millions of people if not
billions of people have probably played
that super mario brothers level i mean
and you think about it you could
actually if you built that game you
could actually not only do a single arch
you could sell
days right because it’s simple code
right turn it on turn it off turn it on
turn it off exactly
and and that’s it that’s when games when
online games happen that’s what has
begun to happen because on an original
game like that it wasn’t connected to
the internet yeah what’s your cartridge
exactly once you bought the cartridge
whatever was on it was on it couldn’t be
updated it couldn’t be changed or
altered however with online games they
get updates all the time and so that’s
where
who’s our who’s our advertiser this
month oh we’ve got mcdonald’s this month
we got kfc next month so what i’m gonna
show you is a little tiny clip from the
game world of warcraft where you can see
how in one spot in the game it’s called
the capital city it’s called orgrimmar
it’s where all of one group of people
are you can see how there’s hundreds and
hundreds of people in this one location
and they’ll be there all day wasting
their lives away like i did playing with
a bunch of other nerds let me go ahead
and share the screen real quick
this had to be interesting okay
okay
okay all right so you can see right here
now i’ve just got it paused but every
single little thing that you see here is
an individual every single person so
right now we’re probably looking at
about a hundred different people now
when i hit play you’ll be able to see
all these folks everybody moving around
way off in the background these are all
people now imagine if right here in the
square can you see my cursor i can yeah
okay imagine if right here there was
just a big sign or something on the
ground or a big post that said
come to mcdonald’s and get a discount if
you play world of warcraft right how
many millions of people and i’ll stop
now don’t worry you’ll have to keep
looking at this i’m sorry
how many millions of people would see
that on a daily basis there that’s one
server on world of warcraft world of
warcraft has 150 servers they have them
in all these different countries at one
point it was the largest game ever with
like 20 million monthly subscribers
yeah so i get so metaverse so that makes
total sense to me right so dion’s kind
of
makes sense buy and sell
buy low sell high
people want to pay to jump the line
i got it okay
now you’re bringing us advertising
eyeballs
again my
naive understanding is people play these
games for hours and hours they’re very
addicting yes so advertising makes sense
jb diamonds lounge
i mean i guess billboards make sense
because you can strategically place them
i’m guessing i i don’t really get the
lounge idea at least in context of world
of warcraft because or maybe you put it
at every location it’s like hey you come
here and you get free health scores or
free i don’t know what the hell what let
me explain how i think it’s going to
happen okay so right now if you want to
play a game like world of warcraft a lot
of these online games if i want to
create a group of my friends and we’re
going to go complete a task or a quest
which i hate to say i just sound so
nerdy but we’re going to get together
and we’re going to go on a quest and
and we’re going to slay the enemy
dragons and take that you know if that’s
what we’re gonna do um it takes usually
within the game you’re gonna be spending
hours of time just or this is why the
game takes so long you’re gonna spend
three hours getting your group together
coming up with your strategy before then
you go set out and actually complete the
quest and that quest can take four five
six hours or multiple days
so
what if people get tired of you know
what i don’t want to meet up with
everybody in in the game itself i would
rather go to the metaverse and meet up
with people there and then we’ll load
into whatever game we choose and play so
all you’re doing is taking something
people already do which is they go to a
capital city like this in the game world
of warcraft they all meet up they all
talk to each other and say does anyone
want to go play this port of the game
with me let’s get together okay we got
10 people okay let’s go instead of doing
it within the game
you pull it out one level and do it
across the entire internet the metaverse
and now you’re shouting to everybody
people who are even playing other games
but now you can get their attention and
say hey does anybody want to jump on
this game with me and now let’s go and
it’s actually already happening it’s
something called discord what i don’t
know if you’ve ever heard discord
so discord instead of a play a virtual
place your character can go where you
can go it’s just a chat uh system it’s
just um one giant group phone telephone
call
everybody’s on talking to each other at
the same time even if you’re all playing
different games or you know maybe you’re
just watching youtube or i’ve just been
driving down the road listening to a
conversation before
um and so people could then talk in the
metaphors or within the discord server
and say hey at six o’clock tonight let’s
all jump on and play together and that’s
what i think the virtual hangouts will
be not that you’ll actually be like i
really want to go sit inside of chase
bank and look at a picture of jamie
dimon um it’ll be how can where can we
all meet up that allows us to get our
voice out to the largest population so
we can come together with a plan
to play a game or do something and maybe
even do something in real life god
forbid
[Laughter]
like go outside
exactly
okay i get it yeah i certainly anywhere
there are eyeballs i mean that’s i mean
i’m in the valley right so i mean i i
remember when netscape navigator you had
to go to fry’s electronics and get the
discs to download it right
i’m old right that was the first
operating system when i was in like
kindergarten on the in the computer lab
no i i mean i was i was commission based
sales person back in the day doing that
stuff so i remember that so i i get
anywhere there’s eyeballs it’s it’s it
makes it advertising makes sense goodies
make sense
um
time right and again folks we only have
one go around in this thing you don’t
get you don’t get more it’s not like a
video game where you get more time or
more lives or more lives yeah get
outside yes go get some people
oh this is very very entertaining
anything else you thought maybe dion
missed that
an old guy like me should understand no
dion did a super good job honestly uh he
really explained it really well on the
whole aspect of flipping um property and
again what it represents is people
invest time into a game other people
don’t want to and would rather pay have
you ever bought or sold something
believe it or not yes so i remember when
we talked about nfts i talked to you
about how at one point the in-game
currency of world of warcraft was more
stable and valuable than the uh
venezuelan dollar yeah because of the
hyperinflation and so people were
cashing in their dollars for world of
warcraft currency which is odd but yes i
have back in the day i’ve sold
when you would play a game like world of
warcraft to go from level 1 to level 60
represented months of work months of
work like playing a few hours a day for
several months that was very valuable to
people who didn’t want to do it so if
you decided you know what i want to be
done
i’m going to quit the game i’m going to
sell my account or there were even
people who literally were paid their
full-time job was just to level up
characters and sell them to the highest
bidder and you could buy a character for
a thousand bucks which for months of
work kind of sounds pretty bad which it
kind of was but that’s what people would
do
okay all right
very very cool this is a lot of fun uh
where can people find you because you
talk about a lot of exciting things on
your channel yeah so i have a youtube
channel myself i don’t talk about video
games i talk about real estate uh it’s
my journey from buying my first rental
property to where i’m at now with six
and i video record everything throughout
the process so just look millennial mic
up on youtube or instagram and you’ll
find me awesome thanks buddy