The following transcript was created using artificial intelligence. There will be some grammatical errors below.

00:01:06:01 – 00:01:31:05

Richard Carthon: And now for today’s episode. Crypto Current. Your host here, Richard Carthon, and today I have a special guest all the way out in South Korea working on a really cool game slash metaverse play that has a lot of really unique characteristics to it and I’m excited to unpack with. We have Paul with since this one. How are you doing it today?

00:01:32:06 – 00:01:37:16

Paul Lee: Hello, Richard. Thank you for having us. It’s Paul Lee, co-founder of Cinetis One here. Thank you for having us.

00:01:38:06 – 00:01:44:20

Richard Carthon: Of course, will want to learn a little bit more about you before we dive into, since this one can give us a little background on yourself.

00:01:45:18 – 00:02:12:09

Paul Lee: Sure. So my background, I’m a sailor, entrepreneur, a clinician and an M.D. and a scientist. So I’m also a graduate, Catholic University of Korea here with my M.D. and Seoul National University for my master’s as well. Being involved in the blockchain space since 2013 got seriously involved in 2017. I’ve been working on it ever since.

00:02:13:06 – 00:02:28:21

Richard Carthon: Oh my gosh. So first of all, incredible background. So more on the science scientific side of things known about crypto since 13 got serious in 17. What made you? Well, first, how’d you first hear about it and then what made you get more serious about it come 2017?

00:02:29:14 – 00:03:06:24

Paul Lee: Sure. So my co-founder and I, we were lucky enough to get involved with this conference call, Singularity University, and that’s where we heard about blockchain, heard about the future of artificial intelligence and how these two must merge in order for the decentralization of artificial general intelligence to happen. So we were intrigued about it. We worked with IBM Watson, the AI company, and we realized very, very quickly that, you know, we need a decentralized service that’s going to bring the community together from all around the world.

00:03:07:07 – 00:03:27:13

Paul Lee: And in 2017, as you know, I mean, no blockchain really hit it big, and the bitcoin prices went ridiculously up, as well as the theory and all the other old coins. So we were really excited about the opportunity and decided that we need to do something in the AI and the blockchain space and bring the two together.

00:03:28:19 – 00:03:59:25

Richard Carthon: It’s interesting. So you look at A.I., you look at everything that’s going on in the blockchain space and. You’ve been building for almost four years, and what I think a lot of people kind of don’t realize is, hey, we are still in the startup space. It takes time to build our product. It takes time to have something that is ready to bring the market in that’s ready to use. And what I think is unique about this is, I think from a timing standpoint, it’s a really great time to be launching the type of thing that you have going.

00:03:59:27 – 00:04:06:20

Richard Carthon: So can you just explain, you know, what is since there’s one for the brand new person that’s trying to explore and learn more about it?

00:04:07:25 – 00:04:38:02

Paul Lee: Sure, absolutely. So synthesis one gamify is the collection of air training data sets in a play to earn model. So that’s a mouthful, but basically what it means is anyone can stake out and if teams play our games and get paid to create datasets to train A.I., now this is the key. So we have an A.I. mind A.I., which is a natural language reasoning engine.

00:04:38:12 – 00:05:07:16

Paul Lee: Now this needs crowdsourced knowledge. OK, what we’re trying to do is allow the community as soon as this one to collect and train these datasets. Using Game five. So that they’re basically playing games and they’re earning a lot of money whilst doing that. So the game has to be engaging, it has to be fun. But it also needs to have very high earning potential. And that’s exactly where it’s coming.

00:05:08:27 – 00:05:22:12

Richard Carthon: Interesting. OK, so for the person that’s coming in and creating these data sets and basically play to earn model, so you’re able to literally earn money for playing a game creating these data sets. Do you have to be technical in order for this

00:05:22:18 – 00:05:54:15

Richard Carthon: to happen or OK? Absolutely not. It’s basically, you know, any any job logs can come in, log on, you know, have an own one of our and if it’s now the beauty about on and if tees is that it has a utility, so it generates yield just by holding on to it. So of course, the NFT will appreciate in value, but also because the NFT is a key words that I companies around the world are going to be using every time that keyword is being used.

00:05:54:27 – 00:06:06:01

Richard Carthon: You’re earning yield. So it’s a beautiful model where it’s not just a beautiful art piece, but it’s something that is generating income even right? It’s just.

00:06:08:04 – 00:06:37:02

Richard Carthon: OK, so I want to I want to break this down because this just it sounds really cool, and I want to make sure for both your non-technical people and for people who are in this space, right? So you come in and you purchase one NFT that now holds utility now for owning this universe, NFT is just owning it alone, going to be having utility to where it’s able to create money in your sleep. Or is it that by having the NFT, you can now bring it into the metaverse, play a game and then that’s where it’s your earning yield? Can you kind of just break that down a little bit more?

00:06:37:09 – 00:07:08:04

Richard Carthon: Oh, you can bang on. So it’s both right by just holding onto these NFT, you’re generating yield while you’re sleeping. But also you can make more by playing the play to earn games in our metaverse, in our game PHI so that you can, you know, contribute to the data sets and also make more from playing those games. Now we’re working with the best game studios in Korea and Europe, as well as America.

00:07:09:00 – 00:07:37:23

Richard Carthon: We know the game space faring very well because my co-founder Joshua Hong, he was the one who brought, you know, free to play concept into North America, right? So we know the games plays very, very well. And now free to play has gone into the platform space and we’re going to leave that space as well. So we’re going to be releasing our games one after another. We’ve got the whole roadmap laid out. We want to be the Netflix of Game five.

00:07:39:00 – 00:07:57:01

Richard Carthon: Well, that is definitely a way for people to understand that really quickly, so you have this platform, you own these inept. So first question then becomes is are you able to play to earn if you do not own an NFT and how many NFTs are there and kind of talk to me about those metrics?

00:07:58:00 – 00:08:32:09

Richard Carthon: Yes. So think of NFT as a membership. Right? So you need to own these. And if he’s in order to play our games, because that will maximize your earning potential. We have 10000 NFTs that we’re going to be releasing this month. So please go to Canada Exchange because I’m in the process. The white listing is already available, but we’re going to be releasing these NFTs 10000 at a time in multiple languages. Remember, these are key words such as love, compassion, you know, shit.

00:08:32:16 – 00:08:55:17

Richard Carthon: You know, all these key words that are going to be used in the English language, but also other languages such as Arabic, Chinese, you know, Spanish, all sorts of languages. So we’re going to be releasing 10000 keywords. And if he’s at a time and our first one, the Aquarius collection is going to be released very, very soon.

00:08:56:22 – 00:09:28:24

Richard Carthon: That’s so cool. OK, so you’re basically going to get an NFT that is of a word that can be keyword search using the A.I.. And so every time that the word is potentially used, you earn yield on that. And that’s just one element of this. And then the other element of it is you then can go into your metaverse game play to earn and be making money on that. So I want to spend a moment on that. So can you kind of walk me through that model? Like, what is it about the playing the game like kind of walk me through like the game itself, like what’s happening in order for someone to be doing something that then earns them yield?

00:09:31:08 – 00:09:59:04

Richard Carthon: Hey, cryptocurrency, Drew. This is Steve Miller, and I’m the host of CSI Live show that keeps you up to date with what’s poppin off in crypto in every episode of CSI Live brings you. The latest news keeps you updated on the top projects in decrypts. Everything you need to know to get ahead in the wild world of Web three. So if you really want to stay cryptocurrency, join Richard, Chris and I every Tuesday and Friday at seven p.m. Eastern, only on YouTube Live. So what are you waiting for? Subscribe to cryptocurrency YouTube channel today. And as always, stay cryptocurrency.

00:10:02:23 – 00:10:34:23

Richard Carthon: So yeah, I mean, absolutely. So basically, all they’re doing is what we call. We want to be able to make the compendia of all human knowledge, right? And that’s exactly what the data yield farming is. That means we want to know, you know, different ways or different knowledge is of how to do something in a certain domain. Let’s say it’s ordering pizza. Some people might say, I want a piece, I want a slice, I want a pepperoni, I want a Hawaiian.

00:10:35:07 – 00:11:07:17

Richard Carthon: All these sentences are basically knowledges of pizza delivery and ordering pizza. Now you can. We need these kind of things so that I can understand exactly what consists of ordering pizza. And by adding these very simple sentences as a knowledge base, you’re earning money. You’re going to be playing games, which we call the first game is quantum. The. And we’re working with literally the best science science fiction writers out there, as well as games to use.

00:11:07:24 – 00:11:40:07

Richard Carthon: So we want to make it so that you’re not even thinking about trading A.I., but you’re playing a simple game, you know, do you remember games like Yamaguchi where you’re basically, you know, growing these, you know, dinosaurs or growing or taking care of these pets? But at the end of the day, you’re, you know, compete and you’re playing with others. And these game fight techniques are going to be used in training datasets without, you know, the community even needing to understand that you know, you’re training.

00:11:40:09 – 00:11:41:21

Richard Carthon: A.I. has to be fun.

00:11:43:09 – 00:12:17:08

Richard Carthon: Absolutely, and make it engaging, and this is such a unique way to both bring gaming to a place, create data sets that are useful to other companies in training. I like honestly, this is like this is very, very unique. What kind of steered you into like understanding this was a path to go. So before the buzz words of NFTs and metaverse, all of this came to play like again, you’ve been kind of heads down on this for almost the last four years now. Right. So like, how how did you all have the vision of like, this is where things are headed, right?

00:12:17:18 – 00:12:49:03

Richard Carthon: So this all started with Josh Knight creating an AAA company called Mind A.I.. Now, Mind A.I. is award winning company here in Korea with, you know, a lot of government backing. We’re VC backed. So we’re an equity company, right? The real life company that has commercial commercial usage. And whilst we’re doing that, we realized very quickly that all the conglomerates out there, they’re holding the data sets right and these are all centralized.

00:12:49:12 – 00:13:24:15

Richard Carthon: All we’re saying is in order to make artificial general intelligence, we need the power of the crowd all over the world in different cultural religio, you know, all different sectors and domains so that they can contribute so that we can really securitize the data, monetize that data and, you know, create decentralized artificial general intelligence movement. That’s the key because I cannot be owned by one company or one country because that’s going to be super dangerous and we want it to be for all.

00:13:25:02 – 00:13:32:04

Richard Carthon: And the only way we can do that is to put our datasets onto the blockchain. So that it’s owned by everyone.

00:13:32:28 – 00:14:05:27

Richard Carthon: Yeah, yeah. This is important, and I think this is an important key component of this is given the power to all and having the ability for people to use the information so that we all can keep growing as a community, right? And why do you think as we kind of go into this next phase of cryptocurrency, blockchain technology, et cetera, that’s now allowing for more openness and transparency as opposed to trying to just hoard and get as much cash grab and like try to bring people into their own little universes.

00:14:05:29 – 00:14:06:14

Richard Carthon: You know what I mean?

00:14:07:21 – 00:14:39:23

Richard Carthon: Absolutely. I mean, that’s that’s exactly it. You know, on our team, we’re not in this for the quick cash. We know, you know, this is going to take time. We’re builders were serial entrepreneurs. We know how to build. And we know that things take time. But also we also realize that the timing is now right. Right. The technology, the invention of the 90s, the game five space, the defy. All these components all melted inside since this one’s ecosystem.

00:14:40:03 – 00:14:43:12

Richard Carthon: And that’s what makes it super, super exciting.

00:14:44:12 – 00:14:58:19

Richard Carthon: Oh, definitely, man, so let’s just spend a quick two seconds on that as well, so of course you have the Cannon NFT token and then you have, I believe it’s called senses the SPL. Can you kind of break down both of those and then also the marketplace that you have coming out?

00:14:59:15 – 00:15:32:21

Paul Lee: Sure, absolutely. So let me talk about the the dual token system because it’s designed to amplify the overall income potential for data yield farmers and yield generating NFT collectives. And the Cannon token, which is the NFT, is DeFi composable NFT, which you can earn claimable rewards on. Its key words with AI generated digital art. So if you zoom in, it’s beautifully curated. So there’s a lot of factors and you know you’re going to love them when you see it.

00:15:32:26 – 00:16:08:24

Paul Lee: So please look at the teases on our Twitter as well as off this cool channel because it’s not just your normal ape and monkeys. OK, since it’s one the SPL is, the reward token empowers the Sims style, and it has the right to vote. OK, so that is basically the governance token. So these dual economy is very important because you need to have the of in order to play and have more earning potential. This and this token is going to be the government’s token that’s going to be running the show of this census down.

00:16:11:07 – 00:16:39:02

Richard Carthon: Man, this is it’s interesting as you went for this dual system, and it’s cool to see how they both play into each other, especially with the governance token and given people and an ability kind of vote towards the future of what’s going on. So I could imagine, like you said, we’re trying to be the the Netflix of gaming. People might want to be able to control what games come out next or what types of rewards should be going out, and now this gives them that ability to be able to go and vote on things like that, correct?

00:16:39:24 – 00:17:07:00

Richard Carthon: Absolutely. And that’s exactly it. We don’t. I mean, the team, you know, we need to have the progressive decentralization process, but at the end of the day, we don’t want to call the shots. We want the community to participate. We want the community to help us guide this. And this is one ecosystem to the right place because we believe in the crowd, right? And that’s the only way we can really make a decentralized universe.

00:17:08:11 – 00:17:44:11

Richard Carthon: Agreed, and it’s a it’s a solid way to go about it, and it’s it really is giving a lot of power back to the community that’s helping build this up and gives them a voice which a lot of people want to have. As we look at this, it’s a it’s a very unique opportunity in the sense of there’s a lot of different directions that the games in the data that you’re starting collect can start to be utilized. And I know you said you have a fully fleshed out roadmap as we look into 2020 two. What are some of the things that you think people who are learning about this should be excited about? As we look at the what are you all looking to accomplish this year?

00:17:45:00 – 00:17:50:05

Richard Carthon: For sure. Definitely. So the most recent and the most up to date

00:17:51:21 – 00:18:23:28

Richard Carthon: the event that everyone should be waiting for is are can an NFT, you know, the minting, the first 10000 Aquarius collection going live, you know, and please visit our account in exchange because that’s where all the whitelisting is happening now. Also after that is going to be the token generation event of the Isthmus, and that is going to be huge because, you know, our community is growing. We’re getting a lot of awareness from a lot of media out there and we have great partners.

00:18:24:09 – 00:18:36:23

Richard Carthon: So our website is going to is revamping right now. So it’s going to be live next week. So please visit our Discord channels or Telegram channels and get up to date information because you know you don’t want to miss out.

00:18:37:18 – 00:19:09:24

Richard Carthon: Oh, definitely. And we’ll make sure to have all those links in the show notes, and I know I’m excited to hopefully get whitelisted and see what’s going on with that. But as you kind of take a step back right, you’ve been able to see what has been an amazing transformation from twenty thirteen to now. Twenty twenty two and the peaks, the valleys, the ups, the downs, the the progress that we’ve made from a technological standpoint and just awareness. And I think one of the bridges that have really helped bring crypto into the mainstream and get some more adoption has been NFTs.

00:19:11:18 – 00:19:37:20

Richard Carthon: That’s why I kind of lead with why I think now is a really good time to be coming out with this because people can understand and grasp this a little bit more. Are you seeing that not like. Not just in the western side of the world, but like everywhere in the world where people can really understand and conceptualize. Here’s how an NFT can get me into this space, and I can use this in my day to day kind of environment. Or how do you think we’re going to continue to see mass adoption come into this space?

00:19:38:17 – 00:20:10:18

Richard Carthon: I think NFT is definitely going to be the major driving force for the crypto people to get excited because, you know, the the NFT space and the metaverse space is is blowing up, right? Oh, I don’t think we’ve even scratched the surface on how the NFT is going to evolve. And I think the next step of the NFT is something like what Watson this one is doing with the caminho with its its utility. So is not just going to be a simple art piece anymore. The NFT is needs to have its role.

00:20:10:20 – 00:20:40:19

Richard Carthon: It needs to have a component of utility so that, you know, it’s more exciting that everybody is going to be allowing the non crypto users to, you know, be curious and start enjoying the metaverse space, enjoying and trying to understand what the blockchain is all about. And I think we’re still in the embryonic stage. But, you know, 2022 is going to be a huge year.

00:20:40:26 – 00:21:06:15

Richard Carthon: I mean, whether it’s a bear market, whether it’s bull market, you know, it’s going to go up there regardless. Right? And it takes time and it takes a lot of projects that are real to, you know, move the movement forward. And that’s exactly what we’re trying to do. I mean, it’s exactly like the dot com ages where only, you know, the real projects with real substance survive, OK? And so this is one of them.

00:21:08:07 – 00:21:40:23

Richard Carthon: No, thank you for four for breaking that down, and a recurring theme that typically comes up in the course of a conversation. Just from my end is why people need to evaluate the long game of crypto and where things are going and the projects that are building to last are building to be here for the next decade and so on and so forth. And trying to make that quick buck are truly trying to build something incredible. So those are the ones you want to be paying attention to and the ones that have full out roadmaps and have visions of where this is going to head like to to make a statement like we’re trying to be the Netflix of gaming.

00:21:40:25 – 00:21:55:09

Richard Carthon: Like, there’s a lot of steps to like, make that a reality, and it sounds like you’re doing the steps and making the plans and putting the infrastructure in place to actually actualize that instead of just saying something which is in itself an important.

00:21:56:15 – 00:22:32:04

Richard Carthon: Absolutely. And that’s why I urge your viewers as well as everyone out there to really look at the team, look at the project. Read the light paper. Read the though the white paper to actually understand what the founders and the team are thinking. Because the way we wrote on my paper and we say it’s a light paper, but it’s over over 50 pages. But you know, that is the blueprint of our journey going forward. And we spent a lot of time writing that because it is not just an idea, it’s literally a call to action map.

00:22:33:04 – 00:22:36:16

Richard Carthon: And that’s exactly how we’re going to execute it going forward.

00:22:37:19 – 00:22:54:14

Richard Carthon: Now, that’s great, man, and that’s just one kind of question to wrap this up is obviously you’re very, very passionate as it relates to artificial intelligence and the cross between the blockchain interfaces and everything else. How do you think is going to continue to shape the future of blockchain?

00:22:55:12 – 00:23:29:02

Richard Carthon: Oh, wow. I mean, you know, that’s a big one, because I believe that, you know, the artificial intelligence space is is growing very, very fast, as you know. But, you know, without the proper datasets and without the backing of the community, you know, A.I. is just going to be very limited to certain domains in order for artificial general intelligence to happen. We need the help of the crowd in gathering what we call the compendia of all human knowledge.

00:23:29:13 – 00:23:46:16

Richard Carthon: And that’s the only way to do it. So we want to bring the game to the Googles of the world and say, you know, is not just collecting data for yourselves, you know, the data needs to be securitize for everyone. Right? So we’re basically saying game on.

00:23:47:16 – 00:24:29:21

Richard Carthon: And I should not thank you for it for explaining that, and it’s a really cool element that I haven’t heard of a lot of people playing in the air space as it relates to blockchain in its metaverse, et cetera. So everyone listening, make sure you go check this out. Make sure you go do your research on this. Just like you said, there’s the check out there, like paper. Check out their amazing team. All the things. But Paul, do you trust a lot of really good knowledge on us? Always like to wrap up with two fun questions. The first one being with all the information you have right now, if you go back to yourself and impart wisdom back in 2017, when you first were starting to build this out, what’s one or two pieces of of of information or advice that you would give yourself when you first got started?

00:24:30:20 – 00:24:34:18

Richard Carthon: Well, first of all, don’t sell any bitcoins and you

00:24:36:21 – 00:25:10:14

Richard Carthon: hold on to it. And also the next thing is, you know, look at the project in a very, you know, not just for the quick buck, but which team and which project you want to, you know, be involved in. For the next five years, because that’s what you have to really look at, because if you want to make it big and if you want to make a lot of money, then you have to stick with the project for at least five years. I mean, imagine sticking with bitcoin and Etherium for five years, you know, five years.

00:25:11:15 – 00:25:36:17

Richard Carthon: Yeah. So you need to get those projects under your belt and really try to understand them, so it’s, you know, you need to be picky about owning which token, you know, which project. But if you decide on one, stick with it, right? Yeah. And now go through the bear market and the bull market together because at the end of the day, you know, it is going to go up.

00:25:37:27 – 00:26:10:28

Richard Carthon: Hey, that is everybody. Listen to that a couple of times. Play the long game, find projects that you feel very passionate about and want to be a part of and have increased your time horizon, I think too many people get into crypto and think they’re going to get the quick buck to get their crypto rich and get their limos and limp flambeaux, whatever. And it’s just like, like you say, if you want to truly see maximum returns, have a HODL bag, have some, have some portfolio that you really believe in and want to give things time to build out.

00:26:11:03 – 00:26:19:05

Richard Carthon: And I think that’s a really, really good, solid lesson. So thank you for that. But as we kind of wrap up here, Paul, what is a final thought that you want to leave with all the listeners here today?

00:26:20:08 – 00:26:50:27

Richard Carthon: So I want everyone to be excited about, you know, the future of blockchain, the future of NFTs. And, you know, like I said, choose the project that is dear to your heart, but also you need to look at the team as well as the blueprint, right? And if you believe in them, go with them. Join the ride. And we’re suggesting that you join us since this one because we know what we’re doing and we’re going to need a lot of help from our community members.

00:26:51:06 – 00:26:53:04

Richard Carthon: So, you know, just do it together.

00:26:54:07 – 00:26:59:08

Richard Carthon: Absolutely great final thought. Paul, what are ways that people can connect with you and learn more about since this one?

00:27:00:06 – 00:27:27:11

Richard Carthon: Yeah, so we’ve got all the links and we’re going to share it with you. Richard, I’m sure you have it ready. So please join our Telegram on this cool channel on Twitter because there are a lot of games that are coming out already so that people can participate world such games. You know what puzzles? And you know, our game roadmap is very, very solid and you can have a lot of good fun and very high earning potential as well.

00:27:28:13 – 00:27:58:18

Richard Carthon: Awesome. Great way to earn some money while playing some games and getting some yield and other unique ways while also participating in A.I. So everyone makes sure you go check that out, Paul again, thank you so much for spending some amazing quality time with us and for everyone listening. Stay cryptocurrency. Hey, cryptocurrency crew, we want to give a quick shout out to all of our faithful listeners out there. It’s been an amazing journey and we really appreciate your support throughout the years as we’ve been growing as a community. Each episode, we decided that we would start sharing some of the reviews that you were leaving for us for today. We would like to share this review.

00:27:58:22 – 00:28:32:11

Richard Carthon: Today’s podcast review comes from McKinsey Nice podcast in the must fall for everyone in the blockchain industry. We sincerely appreciate this review and all reviews, and we’d like to ask that if you’re enjoying our show. Please take a quick moment to go and leave a review on our podcast so that hopefully we can be highlighting your review next. Simply go to our show notes or go to our website where we have a link, where you can share your review today. Hey, everyone. I hope you enjoyed today’s episode. For more information on today’s episode and all of our episodes, please visit us at WW w that crypto dash current, not SEO.

00:28:32:18 – 00:29:04:00

Richard Carthon: You can also find a link in the show notes. Want to stay up to date on the latest news in cryptocurrency? Sign up for our newsletter today. You’ll receive daily emails Monday through Friday that are personalized and curated content specific to you and your interest. Powered by artificial intelligence, you can either go to our show notes or go to our website to sign up today. Are you an accredited investor looking to invest in cryptocurrency? Quezon City Capital can help go to Quezon City Capital dot com for more information. I don’t know if you’ve noticed, but the quality of our podcast each week are improving.

00:29:04:07 – 00:29:19:11

Richard Carthon: I can only thank my amazing producer Andrew Darida with the Ritter Productions, who has been putting all of this together. If you have any podcast music or audio needs, please go to Ritter Productions dot com. That’s D-R.I. TR Productions dot com.

00:29:25:03 – 00:29:38:05

Richard Carthon: Thanks for tuning into another episode of cryptocurrency with Richard Condon. We’ll be back with more exciting developments from the world of blockchain and cryptocurrency next. But until then, stay cryptocurrency.

00:29:47:15 – 00:29:49:29

Richard Carthon: Three U.S. citizens now.

00:29:54:20 – 00:30:29:09

Richard Carthon: Thank you for joining us for another episode of cryptocurrency. Just one quick reminder cryptocurrency is a cryptocurrency and blockchain education platform that’s bridging the gap between the curious newcomers who are just discovering the space and the thought leaders who are shaping its future. All opinions expressed by Richard Cawthorne, the cryptocurrency team, and their guests on this show are exclusively their own opinions. You should not treat any opinion expressed by Richard. The team and their guests as a specific inducement to make a particular investment or to follow US financial advice. This show and any other cryptocurrency production is exclusively for informational purposes.