This is the full transcription of podcast 'Wall Street Unplugged with Frank Curzio' - Monetize your social media with NFTs… and build generational wealth.
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Wall Street unplugged looks beyond the regular headlines heard on mainstream financial media to bring you unscripted interviews and breaking commentary Direct from Wall Street right to you on main there September 15 I've encouraged us watching a plot pockets. We break the headlines and Tell you what's really moving these markets here goes some news stories with you recently Billionaires Peter Thiel and Mark Anderson Are gonna leave the board of Facebook and Instagram, which is a parent company of meta I'm gonna leave those boards and they're leaving those boards because they both Have tons of crypto investments and web 3 investments. So it's kind of a conflict of interest and they announced that and This is just recently a Cold months earlier a Venture firm called one confirmation. This is backed by Pew Thiel Mark Anson. If you're not familiar Mark Anson grace pretty much the greatest French capitalist ever And also Mark Cuban those three. So this one confirmation this fund is backed (1/34)
by them launched a hundred million dollar fund to invest in NFTs in June Looking at Shopify watch e-commerce platforms says gonna launch a token gated experiences So business is gonna be able to offer exclusive products and discounts to followers that hold tokens or NFTs for specific collection Nike Lamborghini Louis Vuitton the UFC have also announced that They launch NFT projects recently doodles an empty collection spearheaded by reddit co-founder It's called fifty four million dollars in funding this is recently this just happened Took the valuation to seven hundred million dollars. This is in this market. Think about what's going on in the market. Think about this Who are some of those investors FTX ventures who you should be familiar with they're buying up crypto assets like crazy Partner with Scaramucci's fun. I think they invested in block fi Crypto comm tons of companies. They're having trouble Also a crew capital and ten T Holdings took part in the funding round those are big (2/34)
names in the sector You have a 16 Z if you're not familiar that's Aerson Harwood's web 3 arm basically best in crypto projects They announced a free licensing system for NFTs just a couple days ago. No longer Just gonna help the NFT sector unleash what they call its economic potential It's basically helping NFT creators to protect and release their intellectual property their rights Grading empty holders the baseline of rights that are broke their rockable enforceable easy to understand again I'm quoting them, but basically it's helping creators provide the framework And give them that framework and platform to launch their collections It's gonna spur this creativity and saying hey, we're gonna help you guys let us see your projects well invested We're gonna help you give you this free licensing system Just the other day Starbucks should remain on Starbucks Adding a non fungible token to its loyalty program through the Starbucks Odyssey It's gonna give members opportunity to earn and (3/34)
purchase digital collectible assets are gonna unlock access to new benefits and immersive coffee experiences they say This is all news that's been announced in basically the past three months up to yesterday with Starbucks All this money floating into NFTs and a market where capital is flowing out like crazy people are going to cash The dollars going higher people are nervous The Fed looks like they're gonna go nuts and just continue to raise Regardless right based on again. I covered this the other day based on a CPI. That's tainted. That's Gonna show that inflation is pretty high because rentals and in shelter accounts with 30% of it So to be looking at that index In which the purpose is to mask inflation and now it's working oppositely because you can't get inflation out of it Even though you've seen inflation indicators you see rents come down in real time rents are coming down as a laggy indicator You've seen prices come down in different areas, but they're gonna go Crazy and (4/34)
raise like crazy throughout the year, which is very very dangerous at this stage considering We're already in a recession a gold recession. Let's look around But yet all this money flowing into web 3 NFTs constantly right constantly So I have a great rest for you today. His name is dr. Ravi Singh Has a massive massive following the first individuals in the world holds a doctoral degree the specialization social media technology He works with tons of celebrities to increase their brands social media digital has numerous degrees He was the first and I'm gonna destroy the words. I'm gonna spell it SI KH American to graduate from the US military with a turban So you get a chance to see him? He's very funny hilarious So make sure you're watching this on our YouTube page. You can see it. If not, you can listen to it do numerous outlets This is a guy has a huge political following Met several presidents ran numerous campaigns Create a multi-million dollar digital company can teach at numerous (5/34)
colleges and go look at his resume. It's unbelievable Larry could do almost anything he wants and His focus 100% is on NFTs where he believes his technology and I'm quoting here is gonna change the world This is a fantastic interview. I want you to please excuse the noise in the background because I literally booked this interview at 515 on Sunday the Palm Beach Expo couple weeks ago that we attended. I was interviewing tons of people and The conference closed at 5 and I don't know if you've been to a conference or if you're presented and we have this whole setup When they close a lot of its unionized man, they kick you out. They kick you out They start just taking everything down. We were the last people in there where they were like, you know You got to get that bad here like one more interview We're working hard for you on a Sunday when the whole place closed Everyone's going out for drinks and join because we work so hard the conference. I Wanted to get this last interview with you (6/34)
when he walked in Earlier that day massive massive crowd around him I saw his speech on stage because I was on stage right after that hosting and moderating to To want to segments which are really cool with a bunch of people on it at the conference So one of them was you know metaverse and I was just entrepreneurs and stuff like that But right after him I was I was on so I didn't get a chance to speak with him But then I spoke with him. He wanted to come over and say hey, you know, I heard about you wanted Yeah, I'll definitely do an interview with you and we did it late So excuse the background she didn't hear poles dropping and stuff like that, but you're gonna be able to hear it perfectly It's fine. Just excuse that but just goes to show you how hard I'm working for you He's working for you again Sunday 515 This is one of my favorite interviews from I think it's like a 20-25 people I conducted at the conference and you're gonna see why in a minute and here's that interview. Dr. (7/34)
Robby Singh I'm so honored to have you on and before you say a word I Usually like introduce people and say okay his percent. This is the introduction. I'm gonna I'm not I usually say what do you do? I'm not gonna do because what I'm saying here is pretty amazing. Okay, so you're very kind No, it's not kind because you deserve it because you earned it right MIT right and suit technology As for University Liberty University Northwestern University Duke University Harvard University all degrees across the board here Just the educational component and one of the things I saw which is much much more important than all of that right NCA division one My father my father I told my dad I wanted to be a professional golfer he looked at me he says You cannot be a golfer. No Indian has ever been Yeah, so I wonder I did play NCAA division one golf one of the happiest days of my life I didn't make it but I did get to go all the way. So that's awesome So, you know what? I feel like I'm a dinosaur (8/34)
this industry being 50 years old But I have a lot of Wall Street clients I've been doing for 30 years that that know this where the innovations coming from and It's cool to see the respect you're getting where I've you know Put a lot of money into this space from these young entrepreneurs right now is seeing I feel like I mean I don't have anything near as common but the education part and where you come from to see you and what you're doing in NFTs Explain that because sure, you know, this isn't like hey young kid doing this It's like somebody else that is education or seeing the future, you know, explain that what what made you go You can do pretty much anything you want the golf team, especially both NFTs and members It was a thought process But you know every journey all the trials and tribulations sort of lead you towards something and once you start accepting them You know, it was one degree after another I didn't anticipate my dissertation, you know happening so quickly I didn't (9/34)
expect my research to come out positive and actually prove a new theory in social media When I did all of these things I realized wow Is there an application that I can apply this knowledge to and because I was an entrepreneur before I went to my PhD I went back when I was in my 40s so I'm dating myself a little bit but I did it because my mother told me you can't be a guru and Call yourself a group. You don't have a PhD and so I said, okay, I'm going to go get up here So that was the that was the logic but there is a need in this space for academic research And what is happening here is not only behavioral right changes that are being taking place There's real tech behind this the blockchain has a component and a category for NFTs Unfortunately, it goes beyond burning a JPEG or minting a picture or etc but no one is teaching this from a Practical standpoint and I'm hoping to do both of them I'm hoping to be a practitioner in the space as well as share my knowledge Because I see the (10/34)
potential changing the world and when I say changing the world I literally mean changing the world this technology has the ability to go around cross borders No middleman and most importantly affect the way we do things in a very positive way from finance All the way into any type of industry. How do you do that with academia? How are you going to be able to Bring this education, right? I've seen it in universities blockchain a little bit not metaverse Not that I've teased yet really you may have seen it. But how do you bring it on that stage? You know, how are you going to be able to disrupt that market where it's not just talking to you But you actually going to these institutions which you know, there's politics involved and you know politics Well, yeah, my former life was being a campaign guru running political campaigns in over 21 different countries I did co-brand with Microsoft my software And worked with the public sector. They're running over 7,000 different political (11/34)
campaigns from you know, school board bomb to presidents Creating digital war rooms for like the Tyree Square and and in different countries So it was an amazing experience but democratization here in the NFT space is Interesting and the the vast is there there's of course the collectible aspect There's the different categories my focus is on the social media aspect because that's my where I did my PhD specialization I see gold in that there's about 7 billion people on social media right now and they've generated a huge amount of content But the problem is that ownership of that content and being able to monetize that content that has not been given I always found it very funny that we engage for free We get nothing in return my wife takes takes a picture or something You just doesn't get free dessert from it and we go to the same restaurant all the time So I asked myself Is there a way that we can take social media content and mint it into an NFT in a very easy way? And that's what (12/34)
I'm doing as founder of social payment comm that's gonna be my contribution to the space I believe that everyone who has a social media account is sitting on gold And I believe that we can convert all of those and I believe that some followers or fans of those accounts will want to basically purchase those NFTs and you're not just someone that's saying this this is what you're doing, right? So talk about the Donald Trump and sweet It's funny, but but it's a good story because we need to do as you know Is if you can explain this to people right? They need to identify on a level that everybody understand everybody knows Donald Trump is but explain what you do there And then we'll really get into a little more detail. Sorry So I tell your audience this took me five years to get to where I am right now I mean this was I saw NFTs in 2017 I saw the potential but when I did my research from my PhD, I actually run a Hypothesis and then experiment, you know do something that was significant. So (13/34)
I analyzed 35,000 647 of Donald Trump's tweets I Analyzed them to see if the tonality of his tone using AI Was significant in shifting engagement and I got very lucky After running it about 16 times on SPSS. It came out statistically significant Which means that to a 95% accuracy tone does shift engagement and his overall voice Didn't make a difference on how we moved engagement in terms of likes retweets and replies Now if you take that information and you meant those as NFTs could someone monetize them now? I did not know at the time that they were going to delete Donald Trump's tweets so now we're one of the few databases on www.Twitterism.com With the ism.com and so we are now looking at that data and saying what did we learn from this? and how can we now apply this to an Influencer or a nano or a different type of influencer and how can we help he or he or she monetize? Their content that they're generating or if they get a paid post How can we help them be able to go ahead and (14/34)
collectively share that with their fans and followers? So you're looking at NFTs right when I see even even at the conference JPEGs digital art some of them have utility features When I see NFTs, I feel like people don't understand what you understand and even what I see where this is access This is services ownership Explained that where you know that seems to me like the next level How do we how do we get there right? Because I think what we got right now a lot had to do very quickly with the metaverse and ownership how to do with cold it Politics right in the last three four years where no matter what size you're on, right? This is freedom of speech country You don't get like holy cow. I get kicked off the same the wrong thing about cold It you know, a lot of people believe it or not that you know, you spoke of your wife You don't know that you don't own this stuff from the internet. You don't own it You think you have a 20 million YouTube following they shut a button off you gone. (15/34)
That's right. You're done You know, you're doing that. That's one of the things I mean think about it You lose all your tweets you lose all your content, but here's I'm gonna even blow your mind even further What happens when you die? What happens to all your content? You're right So yeah who gets that? Is there is there not value in that content? Absolutely. Yeah, your family members don't get it It's not Facebook exactly says oh by the way, I'm gonna gift it to your family You know Facebook hat is a is a ecosystem and they can't do that that that's taking into another So we feel that we can help in that component. Just imagine if you took all your Facebook posts and convert them as NFTs Now who owns them? Now if there's something there there's a perpetual royalty that can be earned and that's what people don't understand But the NFT is not a JPEG image. It's data So whatever data you put inside that NFT in that wrapper So if I take this microphone and I wrap it as an NFT I can (16/34)
disperse the sale of it and then if I'm gone you will still get the royalties Fascinating I know I mean we're talking about a game changer we could be feeding our great-grandchildren from now. Yep Now how does this filter in because you have metaverse companies and for me? I'm doing the same thing with the metaverse I think I feel like you're doing NFTs where the things that I've seen this isn't a video game This is ownership of your own content There's a reason why the biggest companies like the gatekeepers the incident are the biggest investors in the metaverse right now, which is crazy What is the metaverse to you? And how does that factor into the NFTs and the things that you're doing in the future? So I think the NFTs are we have to look at them for what they are and NFT is a token It's a non fungible token. We spend a lot on the non fungible. We don't focus enough on a token when you have a token in the metaverse, it has a variety of value and that value then has to change into (17/34)
some kind of Behavioral result as an asset it has to have a worth So when we engage and we purchase an NFT, how do we take that value in the metaverse and actually make it? maturely Create worth for me So that right there is the challenge of the metaverse because people a have not Experienced it yet be some of them haven't even visited and then see is that when they go inside there? They don't know not necessarily what to do you and I right now are educating You know thousands if not hundreds of thousands of people about NFTs and the potential but we're only 24 months into this Now the science has been there for a long time. It's been on the blockchain etc I remember studying at MIT in 2017 and saying all this is cool but what about Right now who's going to teach people what they need to do with an NFT and how they can utilize it And then I think it's the challenge with the metaverse because it compounds a tenfold If the NFT is basically the token that's gonna be utilizing in the (18/34)
metaverse Then how do I go and actually operate in the metaverse and and when you try to explain something that you've never experienced before It's very difficult and so I think our point of entry from social pay me standpoint will be identifications Personas will create passports so that if you create a Twitter fitter sitter whatever Application you have will be able to authenticate them because I've always thought it was really ridiculous that in order to get that checkmark I really had to kiss up to the social media platforms. I Mean, why can't they just do a KYC and identify me exactly? There's a reason why because I can monetize my accounts Yes, and I would hurt their advertising. Absolutely. Yes. Are you with me? Yeah. No, I'm with you understand Oh, what if social pay me could I still allow them to participate but we verify them and People are willing to go ahead and say I'm not a fake person. I'm willing to say who I am Yeah, because I want to participate in this ecosystem No (19/34)
one out here in the NFT world saying I want to you don't be fake and That's where the media and everyone else is playing up on this I think history will look back at this and everything else and say wow What was going on really and I think there has to be an academic Scientific approach to entering the space and hoping that my passion for me for the next, you know as long as God puts me on this planet is to do the academic research to show and Document what people are actually doing that's fantastic if people want to learn more about you And by the way, before I even say that and free pitch I appreciate this I think you and I may be two of the last people here that actually doing business with Talking here goes in the background He even came here at the end where the conference is closed. We can get this video to see if he hit a polls That's why but if someone wants to learn more about you, you know, how could they do that? Hi, yeah www.robby Singh calm Ravi si ngh calm but I really (20/34)
encourage people to sign up on social pay me for the drop that's coming out But more importantly social pay me I think will be a game changer for everyone free economics. So social p a y me.com So that's it. Thank you so much for joining us. I really appreciate doing this interview this late with everything going on I really appreciate thank you Pretty exciting stuff. I Know and if teas are difficult to understand I Know there's a lot of BS of this industry but I also know that There's billions flowing into NFT platforms and projects and this money is not coming from like kids in crypto and speculating and stuff like that It's coming from the biggest and best venture capitalists in the world These are people who are early investors in almost every big-name technology company that you see today The ones even with trillion dollar violations. They were some of the first investors in Facebook Twitter coinbase top crypto projects These are the guys that invest in coinbase in 2012 when the (21/34)
valuation was like 50 million and it came out at whatever 60 70 80 billion. Yes, it has come down, but these guys don't care Because they're in they're cheap They get first look at the best stuff and they tell most of the time they say no They do say yes it's usually a good investment for these guys and They're all investing almost across the board NFTs Web 3 the metaverse And this is a smart my this is like a super smart money So we're in the middle creating tons of educational material content NFTs in the metaverse It's gonna include videos not just of me but from the smartest people industry who I'm meeting like dr. Singh But tons of people are coming to us and for me That's what I want to bring in front of you to show you what we're seeing Where I'm investing why I'm going all-in in a market where I know you're seeing a terrible CPI. Holy shit. The markets come down It's been a crappy week we've gone up and we just gave back all those gains are we gonna hit the lows again? We're (22/34)
gonna kick, you know, it's difficult fine. This is something that you need to prepare for you need to start investing There's a reason why the big money is flowing in in one of the worst markets in decades Easily in decades, I mean you don't see it's not often where you have a global recession the feds still raising rates They're usually lowering rates Trying to spur economic growth. There's growth is stopped It's gonna get a lot worse and this market where yes It's gonna be a great time for investments and things like that and that's fine There's certain things that are going to work. I'm gonna bring those to you But these are the areas that we're going all in on These are the people were partnering with these are people that we're talking to you're gonna see a lot of partnerships occurs in research With a lot of these great people that have massive massive followings because they know that hey We need a guy from Wall Street that people trust Because we have some great projects and my (23/34)
job is to find those great projects and bring you the good stuff and the good people Because if you look at crypto, like I said from the day one day one I covered it in crypto Told you 90% of the stuff I look at is garbage 10% is absolutely amazing at one time the average gain that in our portfolio is the average was over 600% Yes, a lot of stuff has gotten crushed But you could see the returns that you could generate in this industry Because billions is flowing in again metaverse NFTs web3 projects during the worst years You need to start educating yourself on these trends whether it's through me whether it's through somebody else. That's fine Because this industry if you're looking at web3 if you're looking at these things that we're talking about It's not like cloud 5g AI the trench you hear about right? These are industries where insiders big money has mostly access to get into these trends early That's what they were doing in AI. Especially most of these companies are being bought (24/34)
out. How many pure AI companies? Do you know that are publicly traded? I Mean, there's companies that have AI capabilities, but they're not pure AI companies So the private companies that got bought by all the major technology companies right away You Don't have access to these visual investors 5g you really don't oh, you know These companies have come out and they're getting to find until about early super super early same thing with cloud and These guys were invested so early before most people knew what cloud was Probably a good five years before people know how it was it's different most of the big-money Wall Street They still don't understand NFTs and they definitely don't send understand the metaverse. I saw that this week I Mean just look at my Twitter Afrin Curzio, I'm gonna follow me follow me If not, don't again a very controversial and I like to push buttons on and have fun with it but man, just the shit that I was seen on CNBC from Just a story that's being told out there. (25/34)
Well, I don't see everyone wearing these big glasses. It's not about glasses You're not gonna wear glass. You're not gonna wear these big headsets. No That's not what the metaverse is about And look how clunky the graphics are the graphics are million times better But this is about ownership and this is about what happened over the past couple of years that changed that changed our culture and It's gonna change our culture forever of what we saw during the political season during kovat And I haven't met then right if you look on a CDC site right now that's listed as a treatment for kovat Yet they almost ruined and tried to destroy Joe Rogan's career when he took that and said it worked for him I was reporting things on kovat and people were Drilling me when it had nothing to do with money. It had nothing to do with me I was just saying hey, you know, I have kids with you. This is what I'm hearing I'm fortunate enough to have a you know following you guys listening and you know people (26/34)
emailing me overseas and tell me what was going on before it even came to the US and then we look at politics and Regardless of what side you like or what we the United States is founded on freedom of speech. I Mean you have to be able to debate because there's one thing we could both agree on I wouldn't say the left and the far far right would agree on but most you know moderate Democrats and Republicans is we want the best for our children we can all agree on that and we want to leave This place when we go in a better place for our children and make the next generation better, right? Isn't that the ultimate goal? So, why don't we talk about climate change why don't we debate about about tough topics and back and forth We're in a world where you can't debate You're in a world where you better follow an agenda Especially if you work as an anchor for one of these companies you better support them You try being conservative the times you're fired. You're gone. Goodbye And remember what (27/34)
when the news channels used to have seriously on CNBC on Fox and CNN MSNBC is just gone They're gone. That's like the ultimate. I hate America channel. I want to kill everybody and shoot myself in the face channel I mean, holy cow I've never seen so much like anger and pissed off people in my life But even CNN Fox and you're looking at so many of these shows they used to bring on CNBC like people from both sides right used to be on conservative and and You know someone who's a liberal or or just and and have a talking point have the back and forth They used to be like that. It used to be like that. It was three years ago now It's just like we're just gonna bring on people to just jam our message down your freaking throat. I Mean, there's no like there's nobody coming on just giving you a different opinion or suggesting something else I mean that is not healthy That's not how you know, we got to where we are and you know, the most powerful country greatest country in the world But we (28/34)
all saw this and getting how does this factor in? Well, the metaverse this is this is what factors into the metaverse it's the freedom This is why crypto was created because there's not trust. This is why Bitcoin was created. There's no trust in the system We don't trust our politicians We need another currency now. You seen the blockchain now you're seeing NFTs, you know having records of everything that you have right there That's your stamp of approval. Nobody can change it This is the ledger. It doesn't have to be kept at a bank that's gonna charge you fees You get a chance to create whatever you want or say whatever you want or do whatever you want You don't have to worry about it That's what the internet was about. That's the metaverse. It's not this freaking clunky system of people like oh my god They're gonna play a big video game and hang out. No, just people are not getting it at all But you know who's starting to get it. The venture capitalist is definitely getting it Wall (29/34)
Street starting see fidelity Fidelis now offering crypto and Bitcoin black rock their Aladdin system That's software that everybody's on money managed services. It's 21 trillion dollars in assets 22 trillion in assets on the management They just partner with coinbase to give them access to crypto It's coming but for individual investors you see you have the chance to get in very very early here And I'm not telling you to sell everything and go in but it's 5% of your capital needs to be dedicated to the space Just 5% Just like 5% was the uranium 5% to gold and 5% I mean you look at gold wasn't do good But 5% whatever maybe it's 10% technology in large-cap and that you know Just surge and provided you amazing returns for 10 years. Why gold did shit now uranium is doing well You know, you want to be diversified in certain areas and speculate in certain areas This is an area where that 5% if you get this right could be worth 5 X the size of the rest of your 95% of your portfolio Where (30/34)
people are speculating in small caps that are already publicly traded companies that come out some of them at billion-dollar valuations Where a lot of the growth already took place? That's the market we live in with SPACs and all this bullshit the road shows and crazy valuations that came out of In crypto you could invest in the ground floor of a lot of these companies and this is what I want to present to you I'm gonna be continue to bring guys that dr. Singh Just great great names in crypto people that invested in bored apes when it just you look at that blog post And one guy that I was talking to was in his blog post. He's like tell him to buy bored apes NFTs when they were like a few hundred dollars thousand dollars He's like you need to buy this stuff at $800. You need to get a hold of some of these I mean some of them going for millions now These are guys that early investors in this stuff and laughing as you know Other people are getting in so late into these bullshit trends, (31/34)
but these are the people I want to bring in front of you This is the stuff I want to educate you on and is there a learning curve? Yes as you get older Do you want to learn more? No, you hate learning new shit, right? You just settle your wage you want to sit in your chair and watch TV programs and whatever Try to get out of that Because this is an area that's very exciting right now. We've done the research. We've been in it. We're spending money I'm fully invested in this thing. I'm not just talking shit here, but this is an area that's very very exciting again Even if you don't want to look at the stuff that we're creating Educate yourself on this sector. You could find some stuff out there. Be careful the sites that you look at But a lot of people want to work with us we're gonna bring a lot of these big names to you in lots of interviews lots of educational content and Open up those questions and start doing live chats. This way everyone could participate you could ask lots of (32/34)
questions We could bring on you know, really cool people If everyone's an idiot or a troll we can kick them off immediately again Just things that we want to do to help the community because once those communities are built just like it's a cop the podcast that we have And Wall Street on club these you have those groups and those communities are extremely extremely powerful That's what we're looking to build here And right now it is it's starting to get very powerful with the contacts that we have the interviews I have the people that work going to get a lot of fun and continue to bring interviews like this to you Let me know what you think. Can I say this all times podcast about you know about me So, you know you thought of that interview and everything. I just said and Frank curves of research calm that's Frank at curbs of research calm really appreciate all support and And For those of you who are freebies I'll see you next week those of you who subscribe to one of our services and (33/34)
pay for some of our research I'll see you tomorrow frankly speaking special podcast only goes out to you So sending you questions as always love answering them those people see tomorrow everyone else. Have a great weekend. Enjoy football I'll see you next week. Take it Wall Street unplugged is produced by Curzio research one of the most respected financial media companies in the industry The information presented on Wall Street unplugged is the opinion of its host and guests You should not base your investment decisions solely on this broadcast. Remember, it's your money and your responsibility (34/34)