Welcome to Milestone, episode 180 of the Business Development podcast.
HostAnd today we're chatting with the co host of CNBC's no retreat business Boot Camp, Q.
HostHarrison Terry.
HostAnd we're chatting all about his latest book, the Metaverse Handbook.
HostStick with us, you are not going to want to miss this episode.
Kelly KennedyThe great Mark Cuban once said, business happens over years and years.
Kelly KennedyValue is measured in the total upside of a business relationship by how much you squeezed out in any one deal.
Kelly KennedyAnd we couldn't agree more.
Kelly KennedyThis is the business development podcast, based in Edmonton, Alberta, Canada and broadcasting to the world.
Kelly KennedyYou'll get expert business development advice, tips and experiences, and you'll hear interviews with business owners, CEO's and business development reps.
Kelly KennedyYou'll get actionable advice on how to grow business brought to you by Capital Business Development Capitalbd, CA.
Kelly KennedyLet's do it.
Kelly KennedyWelcome to the Business Development podcast and now your expert host, Kelly Kennedy.
HostHello.
HostWelcome to episode 180 of the business development podcast and on today's milestone episode, we bring you none other than Q.
HostHarrison Terry.
HostHugh Harrison is a trailblazing digital marketing expertise, author and entrepreneur renowned for his innovative contributions to the tech industry.
HostAs the head of growth marketing at Mark Cuban Companies, a leading venture capital firm in Dallas, Texas, Hugh Harrison plays a pivotal role in shaping marketing strategies for a diverse portfolio of companies.
HostHis career is marked by groundbreaking achievements, including co founding 23 Veevee and the world's first digital art marketplace powered by blockchain and leading marketing at Redux, where he specializes in lead acquisition and content marketing.
HostAn influential voice in technology, he has co authored seminal works such as the NFT Handbook and the Metaverse Handbook, innovating for the Internet's next tectonic shift, guiding readers through the complexities of emerging digital landscapes.
HostHugh Harrison's expertise extends far beyond the written word to the screen and stage.
HostAs the co host of CNBC's no retreat business boot camp, he helps businesses overcome challenges through transformative experiences at Joe Desina's elite Vermont training facility.
HostHis thought leadership has earned him features on CNN, Huffington Post and Forbes, and he has captivated audiences at CES, south by Southwest and TEDx.
HostRecognized four times as a LinkedIn top voice in tech, Hugh Harrison Terry is not just a marketer, but a visionary shaping the future of digital interaction.
HostHis work transcends traditional boundaries, pushing the limits of what's possible in the metaverse and beyond.
HostHugh Harrison it's an honor to have you on the show today.
Q Harrison TerryYo, what's good?
Q Harrison TerryWhat's good man?
Q Harrison TerryIt's a pleasure to be here.
Q Harrison TerryYou know, the Kelly Kennedy show, this is, this is a big deal.
Q Harrison TerryI hear your voice all the time.
Q Harrison TerryIt's like, it's weird.
Q Harrison TerryI'm in the podcast and I'm hearing you give the intro, and I'm like, man, I've heard him give that same intro before.
Q Harrison TerryIt's pretty good.
Q Harrison TerryYou've got that dialed in, man.
HostDude, it's an honor to have you on the show, man.
HostLike, I was so surprised when I reached out to you and your immediate response was, I love the show.
HostI was like, what?
HostYou listen?
Q Harrison TerryI mean, dude, it's a small world.
Q Harrison TerryLike, there's not that many people that are consistent.
Q Harrison TerryLike, so you talked about being at 180 shows.
Q Harrison TerryDo you understand what that takes?
Q Harrison TerryI mean, I know you do about two shows a week, so even still, you've been at it for almost two, a little.
Q Harrison TerryA little over two years.
Q Harrison TerryI mean, that takes dedication, man.
Q Harrison TerryThis is not an easy thing to do to produce a podcast.
Q Harrison TerryI've been there myself, and I know that, you know, you've got to have a crazy rigorous schedule not only for yourself, but then your family and then also your business.
Q Harrison TerrySo hats off to you.
Q Harrison TerryIt's a pleasure to be here on the hundredth and eighties show.
Q Harrison TerryAnd, like, of course, if you hit me up and you've got a show and it's good, I'm going to be like, yo, yeah, I love the show.
HostI just.
HostI think it's crazy because, dude, when I started the business development podcast, talking literally in my basement at the time to a wall, I was like, who in the world is going to listen to this show?
HostJust some guy coming on and talking business development twice a week.
HostLike, is anyone even going to give a shit?
HostAnd to honestly have an impact worldwide and, you know, even to someone like you, as influential as you, to be able to reach back and say, dude, I've heard your show and I love it, man.
HostIt's like, it's unbelievable.
Q Harrison TerryIt really is, man.
Q Harrison TerryWell, hats off to you, man.
Q Harrison TerryI think that you just, let's just keep it going.
Q Harrison TerryYou know, this is the, this is just the beginning of something that is probably going to be much bigger, because every time you do this show, not only do your hosting skills improve, but also your, your connections and your world horizons.
Q Harrison TerryAnd, you know, I'm sure you, you've, you've learned this when you do a podcast.
Q Harrison TerryUh, it's almost like going to college all over again.
Q Harrison TerryYou say these are almost like mini lectures and then being able to talk to people and build that relationship.
Q Harrison TerrySome people you're never going to talk to again because they were just like, hey, you know, I learned what I learned.
Q Harrison TerryThey were just on our soapbox.
Q Harrison TerryThey use my podcast to sell something.
Q Harrison TerryBut then some people you're going to do business with and others you're going to, like, learn from, and they might have a mentor mentee relationship, all different types of things.
Q Harrison TerryAnd, you know, that's the beautiful thing about, I think podcasts in 2024 and beyond is like, it's not necessarily just a mechanism for groupthink, it's a mechanism for connection.
Q Harrison TerryBecause if there's no other form where I can come and talk to somebody and also have their tribe or their audience listen to my thoughts and challenge my thoughts, right?
Q Harrison TerryIt's not just a collective, like, oh, everything he said was great.
Q Harrison TerryThere's some times where you have some people on and you're like, man, that guest wasn't our best guess, but it strengthened your own opinion or your own perspective of the world because you're like, okay, I don't necessarily agree with everything, but at least I got a chance to see the other side.
HostYeah, yeah, no, dude.
HostAnd, you know, talking about the power of connection and really that's kind of what we're going to be talking about today.
HostLike, so much of what we're talking about today is the power of connection.
HostBut I could have never imagined the doors that would have opened from Kelly talking to a wall in his basement and putting himself out there.
HostLike you said, like, the odds of me and you running into each other on the street are like zilch.
HostWe live like probably 4000 miles away from each other.
Q Harrison TerryI mean, it happened at a conference, right?
Q Harrison TerryBut then, now, like, in a world of conferences, it's.
Q Harrison TerryThere's so many of them that like, you know, we don't all go to the same conference.
Q Harrison TerryLike ten years, 20, like, even say, 15 years ago, we'd all go to ces, we'd all go to like, the big health tech conferences.
Q Harrison TerryBut now there's like so many niche conferences.
Q Harrison TerryEven if you're a marketer, right?
Q Harrison TerryLike, it doesn't even matter what type of marketing.
Q Harrison TerryThere's video marketing conferences, there's event marketing conferences, there's like social media marketing conferences.
Q Harrison TerryIf you were into business development, you know, the whole concept of networking has changed quite a bit because LinkedIn, I know it sounds, you know, a little archaic now.
Q Harrison TerryCause there's so much more than LinkedIn.
Q Harrison TerryBut, like, think about the world where collecting the business card actually mattered.
HostYeah.
Q Harrison TerryNow it's like, I actually feel.
Q Harrison TerryI think I still carry some business cards because I go to conferences and everybody has the damn QR code, and they're like, scan my code.
Q Harrison TerryScan my code.
Q Harrison TerryImagine, like, imagine being a human, bro, and having, like, a barcode and, like, just like, this book.
Q Harrison TerryLike, just scan my.
Q Harrison TerryScan right here, man.
Q Harrison TerryScan right here.
Q Harrison TerryYou want.
Q Harrison TerryYou want some of me?
Q Harrison TerryScan right here.
Q Harrison TerryThat's really.
Q Harrison TerryWhat.
Q Harrison TerryHave you been to a conference lately?
HostYeah.
HostWell, that.
HostThat's where it's going.
HostI agree.
HostBut you know what?
HostYou're right.
HostYou kind of.
HostYou kind of touched on something.
HostI think now to stand out, you have to go back.
HostLike, there's a certain level.
HostI do that, too.
HostI totally do that, too.
Q Harrison TerryYou got this.
HostI do.
Q Harrison TerryThis is weird.
HostI got the little girl.
Q Harrison TerryWe carry around a barcode, but on.
HostThe front, I still have a regular business card with, like, my picture on it and stuff.
HostLike, I mix the worlds, man.
HostI mix the worlds.
HostYou gotta.
Q Harrison TerryI have it because, you know, you have to have it.
Q Harrison TerryBut, like, it still.
Q Harrison TerryStill is weird.
Q Harrison TerryBut not to cut you off, you were on a really good point there.
Q Harrison TerryYou were like, you know, I just think it's weird that we are.
Q Harrison TerryBarcodes, man.
Q Harrison TerryWe barcoded ourselves.
HostYeah.
HostYeah, we did.
HostYeah, we did.
HostAnd, you know, like, we're going to get into it today because we are going deep on the metaverse, which is something that, dude, your book opened my eyes, and I remember talking to my fiance and just saying, like, holy shit, babe, this is coming.
HostLike, this isn't just coming.
HostIt's literally here.
HostAnd I barely knew about it.
HostIt's like, I understand that there's, like, oculus and stuff, but, like, I didn't understand how deep it was, how entrenched it already is and how much money is being funneled into it until I read your book, dude.
HostAnd so I want to get into that.
HostBut before we get into that today, tell us, you know, you're a serial entrepreneur.
HostYou've been doing this for an incredibly long time.
HostYou know, you are so prominent in the tech industry, frankly, you're like the futurist.
HostYou know everything that's going on before it's even before anyone else does.
HostYou know, how did you end up on this path?
HostWho is Q Harris and Terry?
Q Harrison TerryAll right, so, yes, you covered a lot.
Q Harrison TerryI, you know, it's funny is like, growing up, you know, I think there was always this point where, like, oh, I want to be a futurist.
Q Harrison TerryDo I want to be a futurist.
Q Harrison TerryAnd then, like, I started meeting futurists and I just wasn't that impressed.
Q Harrison TerrySo I, it's like, I don't want have any qualms with it, but it was like, it was like, to me, a futurist was someone that just sat back and like, they predicted, like, what would happen in the future, but they had like no real world experience or not all of them, but most of them don't, right?
Q Harrison TerrySo there's people that just sit on the online and they have their subspecs and it's kind of the equivalent of fantasy sports.
Q Harrison TerryAnd so the problem there is, like, when you want to actually do something as a futurist, you actually have no real world knowledge of how to deploy systems at scale, how to actually get people to care about what this is versus next.
Q Harrison TerryAnd, like, there's always been an emerging wave of technology that's presented in front of us, right?
Q Harrison TerryLike we talked about the QR code.
Q Harrison TerryQR code was here since the early two thousands.
Q Harrison TerryIt didn't catch on until 2024.
Q Harrison TerryAnd it took a whole pandemic for us to realize the great value of a QR code.
Q Harrison TerryAnd so if you were a futurist back in the early two thousands, you could have said, everyone's going to do it, and heck, you go to Japan.
Q Harrison TerryThey adopted the QR code in ways that was way, way more prominent than anything we had done until the pandemic.
Q Harrison TerryAnd still they're quite, quite, quite, quite in the future as it relates to some of this adoption.
Q Harrison TerryAnd so, like, on how I describe myself, how I think about it is, let's take it one step down.
Q Harrison TerryI just see myself as a future thinker.
Q Harrison TerryAnd every day I ask myself, what's the future?
Q Harrison TerryAnd I take detailed notes and I store them in a journal.
Q Harrison TerryThat journal used to be on every note.
Q Harrison TerryNow that journal is on everydays.
Q Harrison TerryWTF?
Q Harrison TerryIt's open source.
Q Harrison TerryLike, you can go right now and see what I've been thinking about since I've written the metaverse handbook.
Q Harrison TerryAnd I did this for a couple reasons.
Q Harrison TerryOne, when I was young, I always did this.
Q Harrison TerryI always said, okay, this is cool.
Q Harrison TerryNew iPod came out new, Toshiba came out, new zoom, Microsoft player, whatever.
Q Harrison TerryI was always intrigued by technology and just kind of the state of it, but the insights don't really come from the devices themselves.
Q Harrison TerryYeah, the iPhone is cool, but you really learn more when you understand Jony Ives insights into why he wanted it to be a single slate of glass or everybody talks about Steve Jobs right now.
Q Harrison TerryJensen, Wang, Nvidia, and his whole concept of accelerated compute.
Q Harrison TerryYou learn more from actually looking at the people and you take the notes to follow their heartbeats, like the heartbeats of these emerging technology waves.
Q Harrison TerryAnd they come from some of the visionary founders that we've run across.
Q Harrison TerryAnd it's not always the visionary founders.
Q Harrison TerrySometimes it's just like a little entrepreneur or a technologist or someone that is a researcher.
Q Harrison TerryLook at all the insights that we found with generative AI in the last couple of years.
Q Harrison TerryAnd, like, you know, we were following Mustafa Sullivan way before he would go to Microsoft, right?
Q Harrison TerryLike, I was, I was talking about that guy on my notes, like, like, for the last, like, three years, and I was like, yo, this guy's gonna be big.
Q Harrison TerryLike, because he was doing these incredible things at DeepMind.
Q Harrison TerryAnd you're like, damn.
Q Harrison TerryLike, they figured this out at DeepMind way before anything.
Q Harrison TerryAnd DeepMind was, is Google's, like, generative AI platform where they.
Q Harrison TerryI oversimplified that, but it's where it was the, it was the inch, it was the research institute of Google where they actually would go and discover a lot of the breakthroughs that would become generative AI, what we now use known as chat, GPT, et cetera.
Q Harrison TerryAnd so, like, yeah, you can see I'm passionate about this stuff.
Q Harrison TerryI can go on and on.
Q Harrison TerryBut, you know, the simplest form of, like, the future stuff is like, I just think that, like, technology has such an instrumental impact on, or it's such an integral impact on our lives nowadays.
Q Harrison TerryAnd if you don't understand it, you're kind of left behind because there's going to be somebody that does understand it come through and just show you how to do what you do better than yourself.
Q Harrison TerryAnd all they did was press some buttons on a keyboard and I think, you know, for five minutes a day, if you want to, like, just go and see, you know, what was game changing about some of the innovations.
Q Harrison TerryCool.
Q Harrison TerryAll you got to do is just, you know, open up your device and, like, scroll.
Q Harrison TerryIt's a never been easier.
Q Harrison TerryAnd so my notes are free if anybody wants them.
Q Harrison TerryEverydays, WTF?
Q Harrison TerryI call it a WTF, because every day I ask myself, what's the future?
Q Harrison TerryBut nowadays, most of the things that we look at from the technological element really do make you go, what the, you know, I'm not going to say the rest, but I mean, yeah, yeah.
Q Harrison TerryI mean, you know, a lot of this stuff doesn't make sense if you just look at it from surface level, right?
Q Harrison TerryAnd so that's why I named it Wtinhouse.
Q Harrison TerryAnd, you know, it's been, it's been going well.
Q Harrison TerrySo we do that.
Q Harrison TerryBut that's, like, more so a hobby for me, man.
Q Harrison TerryLike, you know, I've always been that way ever since I was a little kid.
Q Harrison TerryLike, there's, that's, that hasn't changed.
Q Harrison TerryAnd so when I think about my actual career, you know, I've always been intrigued by, like, growth as well and more so how you can, how you could grab people's attention and, you know, create, you know, shifts and not only culture, but just mass understanding.
Q Harrison TerryAnd that has been something I've been a part of as far as back into, you know, I worked a little bit in the fine art world.
Q Harrison TerryYou touched a bit on that.
Q Harrison TerryWhen we were selling, like, NFTs, before they were known as NFTs, was like, I was selling digital art and, like, you know, it was, wow, it was wild.
Q Harrison TerryBut, you know, we, we did that.
Q Harrison TerryAnd it's crazy because you can go back now and, like, everyone can see that.
Q Harrison TerryLike, oh, yeah, he was actually selling digital art in, like, 2015.
HostIt's crazy.
HostIt's crazy.
HostLike, sorry, I'm just going to pause you there for a sec, but, like, one of the things that blew my mind from the book was, honest to God, dude, like, and I might sound like a bit of an idiot here, I didn't even know what an NFT was until I read your book and then literally realized after reading that, that, holy crap, people are spending astronomical amounts of money on digital art, on, on nfts, on tokens, on avatars.
HostAnd I'm just like, how did I not know about any of this?
HostAnd I know that I'm like, you were doing business, consumer of technology.
HostYou were doing like, I love new tech.
Q Harrison TerryI love this, I love this segment here, because if I go to any crypto group, they're going to be like, oh, he's a doomer, Boomer.
Q Harrison TerryHe doesn't know anything.
Q Harrison TerryIt's like, no, you were doing business development.
Q Harrison TerryYou were doing what you said you were doing.
Q Harrison TerryYou were focused on the things you were focused on.
Q Harrison TerryAnd the crypto industry is not as big as we think it is.
Q Harrison TerryIf you're in the epicenter of it, it looks humongous.
Q Harrison TerryIt looks like it's the behemoth of the year.
Q Harrison TerryBut when you actually step a step, a few steps back, you'll see that it's still a nascent industry.
Q Harrison TerryIt's still growing.
Q Harrison TerryYou know, there's some cool innovations, but, you know, it's not a problem that you don't know what an NFT is.
Q Harrison TerryAnd, like, quite frankly, some of the people that think they know what an NFT is don't really even understand what an NFT is from the fundamental standpoint.
Q Harrison TerryLike, it's just a file format at the end of the day.
Q Harrison TerryRight.
Q Harrison TerryI'm oversimplifying it a lot, but, like, I think sometimes oversimplification can help in that.
Q Harrison TerryGoing back to the point I was making earlier, the actual understanding, when you grab someone's attention, the understanding which they have, everyone doesn't have to understand it at a.
Q Harrison TerryAt a microscopic level.
Q Harrison TerryLike, how many things do you actually understand at that level?
Q Harrison TerryI'm asking you.
HostNot many.
Q Harrison TerryLike, we all, we all do.
Q Harrison TerryWe all understand electricity.
Q Harrison TerryIt's.
HostNo, it's magic.
Q Harrison TerryYeah, right.
Q Harrison TerryLike, you know, if the light doesn't work, you know, I'm going to try to change the light bulb.
Q Harrison TerryBut at a certain point, you know, you got to call an electrician, and then maybe that electrician has to call a master electrician.
Q Harrison TerryMaybe the master electrician has to call the manufacturer.
Q Harrison TerryYou don't know.
Q Harrison TerryRight.
Q Harrison TerryIt's impossible for us to have such deep understanding about everything that goes on in our day to day lives.
Q Harrison TerryAnd so I just look at it.
Q Harrison TerryI'm like, okay, like, if you can oversimplify some things so people can just have a generalization that they can then transfer.
Q Harrison TerryI think that is one of the cool things about technology and society and meme culture today is like, you can take a meme and people can understand a world event.
Q Harrison TerryThey can understand a shift in norms all off a meme.
Q Harrison TerryIn heck, we're taking memes and driving current economic growth.
Q Harrison TerrySo it's like, sometimes that oversimplification, if done properly, can still get you to the destination.
Q Harrison TerryAnd again, I understand and agree with everybody that's a purist or about the fundamentals.
Q Harrison TerryAnd they're saying, well, they don't understand it.
Q Harrison TerryThey don't understand it.
Q Harrison TerryI get it.
Q Harrison TerryBut, like, a lot of people nowadays are just chasing dopamine hits, and you got to give them what they're looking for, because if you don't.
Q Harrison TerryTick tock with.
HostYeah, yeah.
HostSorry, dude.
HostI didn't mean to.
HostI didn't mean to break you there.
HostIt was just one of those things.
HostThere's like, holy cow.
HostLike, it was mind blowing for me.
Q Harrison TerryYou're fine, man.
Q Harrison TerryYou're super fine.
Q Harrison TerryThis is, this is all good stuff.
Q Harrison TerryI feel like we're still in the early inning, the first inning of this conversation.
HostOh, yeah.
HostOh, dude, we could have multiple conversations just given how much is here, right?
HostLike, we talked about this before the show, but it's like, there's so much here, and we're not even going to get into the marketing side of the storytelling of your career.
HostI was like, dude, we need to spend some time here because I think like, dude, I'm 35.
HostLike, I'm, I'm old in the grand scheme of, like, new electronics, for sure, but it's like, I'm not that old.
HostLike, I know enough.
HostI feel like I try to keep up, but for me, this was so eye opening.
HostAnd it's like, dude, if this is eye opening for me, this is going to be super eye opening for, you know, hundreds of thousands, if not millions of people over time.
HostBecause I don't think there's a lot of people who truly understand what the metaverse is or what's coming our way.
HostThey still look at the web and you're like, yeah.
HostLike, I hop on there and I do what I need to do.
HostI do my banking, I do my LinkedIn, and I get off, right?
HostI think most people, that's the web.
HostAnd it's like, holy crap.
HostNo, you go through in the book, you talk about web one, the first integration, web two, which is kind of where we are today, and then web three, which is coming.
HostAnd I was just like, holy crap.
HostI never even thought about it as an evolution.
Q Harrison TerryYeah, I mean, web, web three, as we think about it today, it's interesting because, again, going back to the crypto side, crypto has taken a lot of the attention, and I don't see it as, like, you know, the metaverse will definitely have some parts of it that are tied to blockchains and crypto economies because that's just, that's, I think that's just an inevitable part of it.
Q Harrison TerryBut as you've even seen today, that's not a necessity.
Q Harrison TerrySo you look at, like, apple's vision pro, and that device, like, fundamentally speaking, is kind of weird.
Q Harrison TerryHave you used it yet?
HostNot yet.
Q Harrison TerryOkay, so it's weird because when you think about the Apple vision Pro, you're like, all right, we've got this device that, like, is, you know, it's heavy.
Q Harrison TerryIt's not very apple like.
Q Harrison TerryYou put it on your face, and if you can get past that, everything else is mind blowing.
Q Harrison TerryIt's literally, if you can get past the, like, the form factor that it is in today, everything else is mind blowing.
Q Harrison TerryBecause the web three, as you described it, it actually does exist.
Q Harrison TerryAnd you can go into it and, like, you know, you don't.
Q Harrison TerryWe don't use.
Q Harrison TerryWe don't use.
Q Harrison TerryWe don't use our hands in the same way.
Q Harrison TerryWe don't use keyboards and mice.
Q Harrison TerryLike, you just look at things and tap and, like, all of it comes to life and it comes into your.
Q Harrison TerryYour purview and then, like, you can interact and, you know, apple is allowing more people to build on that.
Q Harrison TerryAnd so we're starting to see what Marvel experiences are like, you know, here recently, the Marvel, the Disney plus show, what if it was like, marvel's.
Q Harrison TerryWhat if.
Q Harrison TerryYou know where they take.
HostYeah, we saw it last weekend.
Q Harrison TerryOkay.
Q Harrison TerryYeah.
Q Harrison TerrySo you have that, but now they're bringing that into Apple vision Pro.
Q Harrison TerrySo in one end, you can, like, on a regular tv or a smartphone device, you can watch the.
Q Harrison TerryThe show, or now you can put the Apple vision Pro on it.
Q Harrison TerryYou can be in the show and literally be a part of it.
Q Harrison TerryAnd now you're one of the what if characters, and you can see how big Thanos is in real life.
Q Harrison TerryIt's no, it's no longer.
Q Harrison TerryYou got to go to an IMAX screen to kind of get the perspective and scale.
Q Harrison TerrySo you can just do that at the.
Q Harrison TerryIn your own bedroom or your own home.
Q Harrison TerryAnd so that's cool, because as we start to build more experiences that are tied to kind of this new reality, we're going to further define what web three looks like.
Q Harrison TerryAnd I think that web three, even when we wrote the book, has changed a little bit.
Q Harrison TerryAnd I think it will continue to evolve because we have to see what actually sticks and what actually shifts a lot of the cultural understanding of this.
Q Harrison TerryMy favorite point here on web three, and this is the one thing that I'll touch on, is I was on Instagram, I think, last week or this weekend, and I was scrolling, and obviously, I see a lot of, like, metaverse content went out, and there was a.
Q Harrison TerryThere was metaverse church, and it was metaverse church, man.
Q Harrison TerryIt was metaverse church.
Q Harrison TerryAnd what was crazy about this metaverse church was you have everybody in their costumes, and, you know, you got even half naked women.
HostNot a difficult church outfit, eh?
Q Harrison TerryYeah, yeah, yeah.
Q Harrison TerryLike, you know, like, they're out here just, you know, I'm like, half naked women in church, this is crazy.
Q Harrison TerryLike, but in the metaverse, right?
Q Harrison TerryLike, maybe that's not.
Q Harrison TerryI mean, maybe that is accepted because, like, you wouldn't go to church in a bikini, but in the metaverse, I guess you could, like, because the shame?
Q Harrison TerryLike, who's going to shame you?
Q Harrison TerryAnd if so, you just mute them.
Q Harrison TerryLike, you don't have to hear them.
Q Harrison TerryAnd so, like, it sounds wild, but, like, you know, we're looking down on it and, like, saying, what?
Q Harrison TerryOkay, yeah, there are people that are coming up through it that have been playing minecraft their whole lives, that have been playing roblox their whole lives.
Q Harrison TerryAnd so digital economies and digital destinations are things that are just a natural fit for their consciousness.
Q Harrison TerryAnd you have to look at that because there's more value there and then being there right now than there would be in ten years when we're trying to catch up.
Q Harrison TerryIt's funny, it's think about the brands that just would have did TikTok, let's just say, in 2018, where would they be today?
Q Harrison TerryRight?
Q Harrison TerryLike, they would obviously still care about the band, but they wouldn't be like all these lib brands that are trying to catch up and say, oh, yeah, I'm trying to get my tick tock on.
Q Harrison TerryI'm trying to get my tick tock on.
Q Harrison TerryIt's like, you're already too late.
Q Harrison TerryTikTok is.
Q Harrison TerryTikTok's almost gone.
HostYeah, no, for sure.
HostI think at the other side of it, too, it's like you can be early, which is, I think, kind of like where you're at, because you have such a future understanding.
HostYou've seen this coming.
HostLike, the fact that you were selling digital art in 2015 shows just how early you were, because I don't think people were even thinking about anything in 2015 on this front, for the most part, aside from, like you said, meta, who was heavily investing at that point, and I'm sure some of the other companies that were, you know, building XR experience, but nobody would have thought of them.
HostLike, it wasn't in the pop culture.
HostLike you said, Covid kind of changed everything.
Q Harrison TerryIt did.
Q Harrison TerryIt changed a lot, you know?
Q Harrison TerryAnd when it.
Q Harrison TerryWhen it changed it, it allowed for some new understandings to be developed.
Q Harrison TerryI think about not only the world and society, but also connection to the point of your podcast.
Q Harrison TerryLike, I think it's amazing that we can hop on this podcast, not even be in a studio, remake content, share content, and be connected with everybody.
Q Harrison TerrySo when I say we're more connected than we ever have been, it's like the power of sharing your voice is just.
Q Harrison TerryIt's infinite now.
Q Harrison TerryLike, you can literally go from nothing to something in near real time.
Q Harrison TerryAnd because of some of these algorithms and some of the shifts in the algorithms, you now have the ability wherever.
Q Harrison TerryIf you only have 200 followers, as long as the algorithm sees it and says this could go far, you're not limited to your own reach as an individual.
Q Harrison TerryAnd that was true of TikTok, that's now true of x.
Q Harrison TerryIt's probably going to be true on the meta properties, and it's going to cascade downward, I think, because there's something to be said about it.
Q Harrison TerryNow, on the flip side, if you don't agree with that, again, I said we've never been more connected.
Q Harrison TerryYou can go into the fetty verse and the fetty versus.
Q Harrison TerryAre you familiar with the fediverse?
HostI am not, no.
HostBring us in.
Q Harrison TerryAll right, so the fediverse is, this is funny.
Q Harrison TerryThis is my first time giving this, like, live, and I want to, I don't want to simplify too much.
HostIt's not live, dude.
HostIf you, if you jumble, I will fix it.
HostDon't you worry about it.
Q Harrison TerryNo.
Q Harrison TerrySo like, you know, the fed, I'm going to try to get it right.
Q Harrison TerrySo that way it's not too crazy.
Q Harrison TerryRight?
Q Harrison TerrySo the fetty verse, as it stands, stands for like, you know, like a federation.
Q Harrison TerrySo that's what fed, that's where the feddy part comes from, federation and then universe.
Q Harrison TerrySo universe is like, you know, like we're all connected in one universe.
Q Harrison TerryAnd the cool thing about this is the federation side is they're saying, what if there were some accords or customs that we could all just kind of have as we go about our digital ways?
Q Harrison TerrySo why do you have to have 15 social accounts?
Q Harrison TerryWhy can't you just have one username and that username be reflected?
Q Harrison TerrySo why can't, you know, when you go on your ex per se, why can't your ex content live on Instagram or live on Facebook?
Q Harrison TerryWhy do you have to repost it 15 different times?
Q Harrison TerryRight, agreed.
Q Harrison TerryThat's probably like the easiest way to understand what the federation stands for.
Q Harrison TerryAnd then obviously it gets more technical.
Q Harrison TerryThere's some blockchain elements in some cases, and there's all types of cool stuff that happens on the backend.
Q Harrison TerryBut as far as, like, actual practicality as why me and you should care about it, it's like now we have, we went from many different social profiles to one and one that's connected that where you can control the data.
Q Harrison TerrySo you can say, I don't want this information to be shown on X property, I don't want this information to be here.
Q Harrison TerryI actually want this information to always be cross posted.
Q Harrison TerrySo you get to control that, and obviously when you get a little bit more manual control, things can get a little bit more technical.
Q Harrison TerryBut I, the funny thing is most of us already have a fettyverse account.
Q Harrison TerryDo you know what that, what platform is using the fediverse today?
Q Harrison TerryGoogle.
Q Harrison TerryOh, it surprisingly is not Google.
HostWhat?
Q Harrison TerryIt's meta.
Q Harrison TerryReally?
Q Harrison TerryYou heard of threads?
HostYeah.
Q Harrison TerrySo threads is, it's a, it's fetty versus compliant.
Q Harrison TerryIt's part of it.
HostOkay, okay, I thought Google, because whenever I go to sign into something now, it's like, you want to sign into your Google account?
HostI'm like, yeah, sure.
Q Harrison TerryNo, Google's just being Google.
Q Harrison TerryThey just want, they want all your data.
Q Harrison TerryNo, yeah, yeah, I know.
Q Harrison TerryMeta, meta, many people wouldn't get that right because it's like you would have never thought.
Q Harrison TerryBut like meta in the last two to three years has made this big shift to like open source.
Q Harrison TerryLike, you know, llama, which is their backend model for their generative AI chat, GPT like functionality, all that's open source.
Q Harrison TerrySo you can be a developer today, download their model, install it and start building.
Q Harrison TerryAnd unless you have like almost a billion users, it's totally, it's totally free.
Q Harrison TerrySo, you know, like Google can't go download their models and use it without talking to meta first.
Q Harrison TerryBut yeah, you, you're all, you're any, any kid in their college dorm room, any business really, that doesn't have nearly a billion users, they can go and start building on meta.
Q Harrison TerryAnd like you get all of the developer resources and ecosystems and just some of the learnings that have been had, you get to build on top of that.
Q Harrison TerrySo now we're in this world where it's kind of shifted.
Q Harrison TerryYou know, meta and Facebook and all their properties used to be kind of closed platform.
Q Harrison TerryYeah, they're now kind of opening it up.
Q Harrison TerryAnd some of the winning content that is derived from that has been quite fascinating.
Q Harrison TerryThey've got the meta ray bans, which are kind of cool.
Q Harrison TerryYou can like create content real time.
Q Harrison TerryFirst press a button, captures it, share it to your story, share with your friends, and, you know, it takes away this, you know, it creates this abstraction layer where I don't have to do this.
Q Harrison TerrySo when I travel and I go to Japan and whatnot, I press the button.
Q Harrison TerryYou know, I can still be in the moment, still see everything, and then when I miss it, I can go back on my phone and see those experiences as they happen in real time.
Q Harrison TerrySo I think that that is kind of cool.
Q Harrison TerryAnd we're starting to see some of these, these companies change and shift.
Q Harrison TerryAnd so when I look at it, it's like today to go back to the earlier point of why we were doing that, you know, publishers are preparing to federate their sites because the algorithm that I was talking about, how we were saying, like, the algorithms are giving you, you don't, I mean, they're giving you some lift, right?
Q Harrison TerryYou don't have to be, you don't have to have a hundred thousand followers to get lift.
Q Harrison TerrySo they're deciding it.
Q Harrison TerryWell, that's not good.
Q Harrison TerryIf you're a publisher, you have built, you know, a brand and you have a million people, and those million people never see it.
Q Harrison TerryWell, you know, now we do need things like the fediverse that still kind of work.
Q Harrison TerryLike the old way where it's like, if I follow this feed, I want to see the content from this feed, not what I think the algorithm will give me.
Q Harrison TerryAnd, you know, now is the early time to really go lean into, I think, the fediverse and build some understanding.
Q Harrison TerryLike, if I was a young kid in my dorm room thinking about, like, you know, how to make an impact or how to be impressive, you know, I would start literally writing, you know, just a couple documents about what the fediverse is, make a couple presentations, put the stuff on YouTube, write some blogs, go pitch some local businesses, and like, you know, figure out how to federate someone's site and their content.
Q Harrison TerryYou know, what does it take for a musician to exist in the fediverse?
Q Harrison TerryWhat does it take for an author or a publisher or a podcaster to exist in this platform and just do the work?
Q Harrison TerryRight?
Q Harrison TerryLike, you know, if you can create value, people will figure out a way to compensate you.
Q Harrison TerrySo I think sometimes today we get so fatuated with, like, how do I get paid?
Q Harrison TerryHow do I get paid?
Q Harrison TerryHow do I get paid?
Q Harrison TerryWell, you get paid by adding value.
Q Harrison TerryLike, that's never changed, right?
HostYeah.
Q Harrison TerryIf you show up and do good work, people will pay you.
Q Harrison TerryLike, I mean, heck, you could, you could not even ask for it.
Q Harrison TerryAnd it's like people that just go play and busk on the street, they play guitar or sing or whatever, there's people like, oh, man, this is amazing.
Q Harrison TerryThey just want to tip you.
Q Harrison TerrySo if it works for them, don't you think it works the same in business?
Q Harrison TerryNow, some people give away this stuff for free and there's a lot of sharks out here and all that.
Q Harrison TerryYeah, but like, I'm telling you, there's still a lot of people that don't mind paying you, and you hear those stories day in and day out.
Q Harrison TerryLike, you know, there are still good people in the world.
Q Harrison TerrySo, like, show up, do the work, and if you're younger in your career, we know what's coming.
Q Harrison TerryStart to be a vessel and start to simplify this stuff and make it easier so people can approach it.
Q Harrison TerryAnd, you know, if I were, if I were super young, like, again, that's where I would, that's where I would be.
Q Harrison TerryBecause it's inevitable that this shift is gonna happen.
Q Harrison TerryAnd if Mark Zuckerberg already took a bet on it, you know, took all of Instagram and said, hey, I'm gonna lift it up, we're going to connect these Instagram profiles with these fetty versa profiles, but, like, call it threads and tell people it's our ex competitor.
Q Harrison TerryWell, that's, that's cool.
Q Harrison TerryIt's great business development standpoint, but obviously, there's a nice little component there that's very convenient for him to, like, you know, now approach into a new, a new, a whole new world of social media.
HostYeah, yeah.
HostAnd, you know, you, you touched on the fact that it's all changing.
HostBut, like, so much of this, like I said, I had never even come across, and, dude, like, I've talked to a lot of people.
HostBy the time we're doing this interview, I've probably, probably interviewed at least 80 experts in various fields, and I haven't heard one of them talk about any of this until I read your book.
HostAnd I was, honestly, it's that big.
HostLike, I'm hoping our listeners can understand how mind shifting this book is.
HostYou have to get the metaverse handbook.
HostIf you are not familiar with what is going on in the metaverse, you have to get it because it is changing.
HostEverything is going to change.
HostThe web is going to change.
HostThe way that we interact with the world, the way we do business, it's all going to change, and probably a lot sooner than you think.
HostWhich is why I'm kind of really pinning down Q.
HostHarrison today on this, because I think it's that critical.
HostI think we, nobody's paying attention, and it's time to start paying attention.
Q Harrison TerryI couldn't agree more with you.
Q Harrison TerryAnd, you know, I showed the book while you were talking about it.
Q Harrison TerrySo when I was writing this, I just got off the NFT handbook, and we had finished it, and chapter nine of the NFT handbook, I touched on the metaverse because I was like, okay, if you have nfts, you have these digital files that are immutable in nature.
Q Harrison TerryYou can prove provenance and all these good things and attributes about nfts, they have to have value somewhere.
Q Harrison TerryAnd I'm hard pressed to tell you that you changing your phone screen or you changing your profile picture on Twitter or xdev or any of the meta properties is going to be what the future holds.
Q Harrison TerryAnd so a lot of the future thinking in that book was, I was like, if nfts exist, then they really only have value in like these metaverse worlds where, which already have value in the real world.
Q Harrison TerrySo it's like we're saying nfts don't have value.
Q Harrison TerryAnd then, you know, you have all the things that happen there and like all the money that's transferred.
Q Harrison TerryBut like, you know, let's just say that was hype.
Q Harrison TerryThen you say, okay, the metaverse doesn't have value, but then you say, hold up, hold up, hold up, hold up, hold up.
Q Harrison TerrySome of these metaverses don't have enough people, so they don't have, you know, true economies, but a lot of them do.
Q Harrison TerryYou look at Roblox, I mean, Walmart, one of the largest companies here in the US, they have an incredible Walmart world in Roblox.
Q Harrison TerryWow.
Q Harrison TerryYou can go scan the aisle, shop, kids can interact, they can be there.
Q Harrison TerryAnd you know, like when you go and look at the numbers for Gen Alpha, which, you know, Gen Z and Gen Alpha are like the largest components of Roblox.
Q Harrison TerryWhen you look at like, who is there?
Q Harrison TerryWalmart's a top brand.
Q Harrison TerryWalmart, yeah.
Q Harrison TerryWho would ever thought?
Q Harrison TerryBut then you go back, you look at it, you're like, well, damn, why is Walmart a top brand?
Q Harrison TerryWell, okay, Mrbeast launched feastables on Walmart.
Q Harrison TerrySo that was like, that was a few years back.
Q Harrison TerryThen you got Roblox.
Q Harrison TerryWalmart's been with the kids the whole way through, right?
Q Harrison TerryAnd so then of course, yeah, when you go look at the numbers, you see Walmart's right there.
Q Harrison TerryYou're like, I guess it makes sense.
Q Harrison TerryAnd so when I look at that, it's like, okay, Walmart's there.
Q Harrison TerryThey're not selling enough teas, they're not doing anything.
Q Harrison TerryBut like, there's a lot of kids that want to buy Roblox gift cards to get the robux.
Q Harrison TerryAnd I talked about that in the book, right?
Q Harrison TerryLike those.
Q Harrison TerryRoblox, it's a real company.
Q Harrison TerryRoblox is not a fake company, right?
Q Harrison TerryIt's a real company, real value, billions of dollars being transacted.
Q Harrison TerrySo if there's already value there, and this is just one closed economy.
Q Harrison TerryWhat happens when you open this up?
Q Harrison TerryWhat happens when you start to tell people they can export their creations in one world and bring it to another?
Q Harrison TerryWell, in order to really do that, you're going to need some infrastructure.
Q Harrison TerryThe infrastructure looks like, I think in NF, but there's going to be upgrades the same way that the digital music file that we used, like if you remember, you go all the way back, remember that there was like AIFF and then there was Wav, and then now we have like the MP3, and then even from the MP3 we have accident.
Q Harrison TerryThe codec has changed and it's evolved.
Q Harrison TerryAnd most people don't know, most people still call it just an mp3 and move on with life.
Q Harrison TerryBut the point I'm making is if we call it NFT today and the format changes, cool, whatever.
Q Harrison TerryBut that method of thinking, that ideology is what's going to be needed to transact and create value and crystallize that value in some of these digital economies that we see known as the metaverse and others.
Q Harrison TerryNow the problem with the metaverse is there isn't really a true use case yet where it resonates with the masses.
Q Harrison TerrySo if I give you a headset and you see it as a gaming instrument or you see it as a vehicle to just find common understanding with other techies of futurists, that's cool.
Q Harrison TerryBut we've got to get past this moment where it's just a, I don't know, what do you call it?
HostA novelty?
Q Harrison TerryKind of exactly where it's just a novelty.
Q Harrison TerryRight?
Q Harrison TerryLike, you don't want it to be a novelty.
Q Harrison TerryIt's like our phone.
Q Harrison TerryThere's like probably 40 different use cases you'll use your phone for today.
HostDefinitely not a novelty anymore.
Q Harrison TerryYeah, yeah.
Q Harrison TerryI don't think it really ever was.
Q Harrison TerryEven with flip phones, if you go back like 30 years now, you remember the candy bar phones and the flip phones.
Q Harrison TerryLike we still were playing games and we're still like, the batteries didn't last, actually, batteries lasted long in the beginning, right?
Q Harrison TerryWe had all day battery life in the beginning.
Q Harrison TerryAnd then like, you got to 2004 and battery life just flooded.
HostAnd now brick breaker was really good.
Q Harrison TerryIt was, it was, you know, you could, you could spend 9 hours on that river snake.
Q Harrison TerryYeah, of course.
HostYeah.
HostHonestly, dude, like, oh man, that brings me back.
HostBut yeah, no, you're right.
HostLike, they were tools, but they were still, I think the idea, okay, so the problem that I see with the metaverse and the reason that people is because the metaverse as we think of it is still kind of an idea, but it's an idea that's very real.
HostI think it's the way that we define it.
HostSo in the book, you kind of said the metaverse isn't just one thing.
HostYou can't just look at the oculus and say that that's the metaverse.
HostBecause the reality is you can access the metaverse from a flat screen.
HostYou can access the metaverse from your phone.
HostI think that's an idea that people have not really grasped yet.
HostWhen they look at the metaverse or they think about metaverse, they think about a VR experience.
Q Harrison TerryYeah, I agree that the metaverse, like, how you define it and how you access it, it's gonna be fleeting.
Q Harrison TerryLike, it's like, right now it's changing.
Q Harrison TerryLike, even when I wrote the book, like, the Apple Vision Pro didn't exist.
Q Harrison TerryThe Xreal Air two pros didn't exist.
Q Harrison TerryLike, you know, that's a really cool device.
Q Harrison TerryIt costs like, it's like sub $1,000.
Q Harrison TerryI think it's even less than that.
Q Harrison TerryBut I don't have the exact price in my.
Q Harrison TerryNear me right now, but it's sub $1,000.
Q Harrison TerryYou can put these glasses on, you can plug them into any, like pretty much any device with a USB C component on it.
Q Harrison TerryAnd like, dude, you can have like a 200 inch screen just floating in front of you and like, you feel like you're a minority reporter.
Q Harrison TerryYou're like Tony Stark, right?
Q Harrison TerryLike, you're just like, yeah, and it's like, this isn't the Apple vision Pro, but this is also a device that's kind of sitting next to it now.
Q Harrison TerryIt's still too techy, right?
Q Harrison TerryLike, it looks cooler than, like some of the devices that exist, but it's still like, not like sexy enough where like this are probably going to.
HostWell, they look like big bricks on your face.
Q Harrison TerryYeah, yeah, yeah.
Q Harrison TerryOr yeah, yeah, yeah.
Q Harrison TerryYou look like you're going back in time.
Q Harrison TerrySo it's like, the question here is like, how do we get that to a sexy form factor?
Q Harrison TerryAnd I think, you know, the company that I'm going to actually give some praise to again, as far as them being like, super future forward is meta.
Q Harrison TerryLike, we talk about those meta ray bans that is the metaverse, right?
Q Harrison TerryIt's.
Q Harrison TerryIt's not necessarily the one where it capture, it captures your whole peripheral view, but it augments your experience of everyday life in a way that, you know, was Isdeze quite invisible to the everyday user.
Q Harrison TerryLike, you have these glasses on that can see the world around you can give you contextual understanding of certain things.
Q Harrison TerryIf you say, what type of cat is this?
Q Harrison TerryWhat is the, what landmark is this?
Q Harrison TerryYou can talk to it and it'll give you, you know, complete breakdowns.
Q Harrison TerryAnd it's quite good.
Q Harrison TerryAnd so they have that on one end.
Q Harrison TerryThen you have like the social layer where it's like I can take a picture or a video.
Q Harrison TerryIt goes to my digital properties.
Q Harrison TerryI can share that content on those digital properties.
Q Harrison TerryAnd the people around me can kind of see it.
Q Harrison TerryYou know, if I want to live stream it or do a video call, I can do the same, whether it be on Instagram or WhatsApp.
Q Harrison TerryAnd now it sounds like I'm an ad for meta.
Q Harrison TerryBut it's like, to many, that is the evolution of the Internet, right?
Q Harrison TerryIt's like we go from just using these singular devices for these singular use cases to more of this omnipresent, interconnected world where you just show up and you exist.
Q Harrison TerryAnd a lot of the technology does all the hard work for you.
Q Harrison TerryNow, that's hard to do because we've got some limitations on processing and compute.
Q Harrison TerryWe've got some limitations on battery, we've got some limitations on form factor.
Q Harrison TerryAnd like, how do you actually get all this in a way that doesn't cause strain to your eyes, your face, your body in general?
Q Harrison TerryBecause we know what this looks like.
Q Harrison TerryYou can be the coolest person on the world, but you got to wear this trench coat suit of technology and, like, quite frankly, you're going to get pulled over walking down the street because people are going to think, you know, you're up to something dubious.
HostSo I get such bad motion sickness from VR headsets.
HostHonestly, I am like almost embarrassed to say it because we got a PSVR, two for the boys, right?
HostThey absolutely love the thing.
HostI've played it.
HostWe got Gran Turismo seven, which is completely immersive.
HostHonestly, one of the craziest experiences I have ever had in my simulator, too.
HostOh, yeah, we got the steering wheel and all that.
HostI'm like, I'm racing in Gran Turismo and I'm literally feeling it.
HostI'm feeling the experience which blew my mind.
HostMy mind was actually making me feel the turns and the like.
HostIt was very weird.
HostI don't know how to explain it, but you can actually, if you've experienced it before, it's like your brain can remember and when you're turning, you're feeling it.
HostBut then probably about lap three, I'm like, man, I am going to lose my cookies.
HostAnd unfortunately, since that point, that's kind of been my experience with VR.
HostSo it's amazing.
HostBut for whatever reason, I struggle with it.
Q Harrison TerryNo, I mean, I love grand cheese most.
Q Harrison TerrySeven.
Q Harrison TerryIt's an incredible game.
Q Harrison TerryI actually.
Q Harrison TerryI bought one of the rigs and bought a PlayStation five just for that.
Q Harrison TerryAnd I have the VVR two.
Q Harrison TerryI've never played any other game but that.
Q Harrison TerryOn the PlayStation five.
Q Harrison TerryNo, literally, like, only.
Q Harrison TerryI only play Grand Prismo, and it's for the reasons you describe.
Q Harrison TerryIt's like, you know, that's the first.
Q Harrison TerryThat's the.
Q Harrison TerryIf I want a game in VR, that's what it should look like.
Q Harrison TerryThat's what it should feel like.
HostIt's mind blowing.
Q Harrison TerryI've done a lot of experiences.
Q Harrison TerryThe only other experience, I might say that it was kind of cool.
Q Harrison TerryIt's like, I play.
Q Harrison TerryI was in Japan once, and you.
Q Harrison TerryWe had.
Q Harrison TerryThey have, like, they've got these suits you can kind of get in.
Q Harrison TerryLike, here I go, talking about tech suits, and it's like a.
Q Harrison TerryLike, think like you're in this giant mech, but it's like you get into the suit, and so it's like, it.
Q Harrison TerryIt copies the movements of these masculine.
Q Harrison TerryLike that.
Q Harrison TerryBut then they put the headset on you.
Q Harrison TerrySo now you feel like you're in this massive robot, and then, like, you're, like, actually, like, piloting a gundam, and you're, like, fighting with other people in wars.
Q Harrison TerryAnd that's like.
Q Harrison TerryIt's funny.
Q Harrison TerryThe Gundam comes in, like the machines are listening to us.
Q Harrison TerryIt comes on screen as I'm talking about.
Q Harrison TerryIt runs away.
Q Harrison TerryYou know?
Q Harrison TerryThat's like.
Q Harrison TerryThat's what it feels like.
Q Harrison TerryYeah, it's like that.
Q Harrison TerryIt's still grand.
Q Harrison TerryTurismo, to me, is the better experience.
Q Harrison TerryCause it's like.
Q Harrison TerryIt's like.
Q Harrison TerryIt almost feels like when you go.
Q Harrison TerryIf you like.
Q Harrison TerryDid you.
Q Harrison TerryDid you do, like, the license part in Gran Turismo?
HostNo.
HostLike I said, I, like, I.
HostWe got it for the boys, and I think I played it, like, a couple times, but it made me so sick.
HostBut, you know, you were talking about the suit experience, and me and my fiance, we actually did do the suit experience in a VR, like, vrcade.
HostRight.
Q Harrison TerryOkay.
HostWhere you could actually move around.
HostAnd I didn't get sick from that.
HostSo I think for me, it's the body disconnect.
HostIf I can actually move around in VR, I don't get sick.
HostBut if I'm sitting and the world is moving around me, it throws me for a loop.
Q Harrison TerryThat's interesting, right?
Q Harrison TerryThat's super interesting because researchers that are building these things need that feedback right there.
Q Harrison TerryThat's oppression and insight that allows them to then kind of say, okay, well, what does this look like?
Q Harrison TerryYou know what's also fascinating when you look at the meta quest platform, what is eye opening to me is like, the prolificness of fitness apps.
Q Harrison TerryYeah.
Q Harrison TerryLike, I mean, obviously, you know, we live in a world and, like, as a marketer, there's always, there's this qualm in trope.
Q Harrison TerryLike, you either help people get paid or get laid.
Q Harrison TerryAnd so then, like, you start to go down some of the attributes of those and, like, on the getting laid spectrum, you just like, obviously losing weight and diet and all that.
Q Harrison TerrySo it's like, okay, you've got this, like, crazy trend where, like, people will pay 30, $40 a month just to, like, put this headset on and work out and they'll do that versus going to the gym or doing anything else.
Q Harrison TerryAnd, like, we've seen this phenomenon before.
Q Harrison TerryLike, remember the Wii, the Nintendo Wii?
Q Harrison TerryRemember how that was like a crazy workout like device?
Q Harrison TerryLike, you know, people would do zumba, people would do bowling and tennis and all this stuff.
Q Harrison TerryAnd it was like, the Wii was like one of the devices that got people to, like, work out in ways that they, they wouldn't have ever expected.
Q Harrison TerryAnd I think you can even tie the Wii to some of the revolutions that we saw with Pokemon go.
Q Harrison TerryLike, when you think about Pokemon go and how that got people outdoors and walking around and all that good stuff.
Q Harrison TerryLike, I think that, like, we saw the early beginnings of that with the Wii.
Q Harrison TerryAnd obviously there were like, games for the Nintendo DS and all that stuff before and in between that.
Q Harrison TerryBut, like, I still think that, like, you have these moments where there's these, there's these big shifts in, like, understanding.
Q Harrison TerryAnd so those were shifts.
Q Harrison TerryThe shift right now on the quest platform is like, it's a workout device.
Q Harrison TerryBut then, like, to your point now, it's like, okay, a peloton is stationary.
Q Harrison TerryYou sit the bike down.
Q Harrison TerryPeople cycle, watch screen.
Q Harrison TerryOkay, life is good.
Q Harrison TerryYou need a lot of room now to say, oh, your meta quest device is going to be your new gym.
Q Harrison TerryOkay, so I'm going to go box.
Q Harrison TerryI'm going to go do the beat saver.
Q Harrison TerryI'm going to go do all these, these actions.
Q Harrison TerryBut, like, you need space.
Q Harrison TerryAnd what we also know is, like, you know, space is a luxury nowadays.
HostThat's right.
HostThat's right.
HostYou know, one of the concepts that you really, and, you know, we're talking to an entrepreneurial and business audience here, right?
HostSo I can hear a lot of people.
HostI can already see the wheels turning.
HostOkay, this is gonna be big, but what is it?
HostWhat does it really mean?
HostLike, and I, and in the book, you really kind of focused in on nfts.
HostAnd I think people are like, well, what is that?
HostAnd really what it kind of comes down to is it's a digital asset that there's a limited amount.
HostIt's not like going to the store and buying a digital video game or renting a show on Netflix.
HostIt's, they're, they're probably limited to a certain amount.
HostSo it has scarcity and it is essentially property.
HostLike when you own it, it's not like in a video game where you unlock a gun or whatever and then anyone and their dog can unlock that gun.
HostKind of what it does is it gives you essentially a digital asset that is linked to you, that is linked to your digital wallet and literally becomes property that you can then buy, sell.
HostAnd this comes down to property.
HostLike in the book, you talk about digital land.
Q Harrison TerryYeah.
HostLike there, it's going to be like a whole nother world where there will be like digital real estate agents.
Q Harrison TerryYeah, yeah.
Q Harrison TerryAnd it's already happening.
Q Harrison TerryLike, you know, you can be a digital real estate agent today.
Q Harrison TerryIf you go to Fabrica, there's a website that allows you to do that.
Q Harrison TerryAnd, you know, it sounds wild, sounds super wild, but it's here.
Q Harrison TerryAnd I think people should check that out to talk to your insight around it being finite and some of the concepts there.
Q Harrison TerryMost people understand college.
Q Harrison TerryThey understand that you go to college, you do your time, four years, whatever, and you get a degree.
Q Harrison TerryDegrees in itself are kind of finite in the sense that however many students are graduating, that's how many degrees there should be a.
Q Harrison TerrySo it's not like there's an endless amount of degrees.
Q Harrison TerryThere's just like, you know, 2000 kids, 2000 degrees.
Q Harrison TerryThat's if all 2000 kids graduate.
Q Harrison TerrySo maybe there were 4000 kids.
Q Harrison TerryYou know, you lose half of that population, 2000 finish and completed on a set time.
Q Harrison TerryAnd so you're at that time when you have your graduation, that's when you get those degrees.
Q Harrison TerryNow, in a world where there isn't a database of that, I mean, these schools obviously keep records.
Q Harrison TerryAnd if you want to request your transcripts and all that information, you can get that from the school, but it's centralized and, you know, there's something to be said about that.
Q Harrison TerryObviously, there's been like the paper mill degree farms and all that.
Q Harrison TerryLike, we know about all the scams and, you know, we're not here to solve that, but I'm using this as just more so a model, a vehicle to understand it, like an analogy of sorts.
Q Harrison TerryAnd so when you look at it, the transformation, right, is like, for the first time ever in the digital world, you know, the paper mill can't exist, right?
Q Harrison TerryLike, you can't.
Q Harrison TerryLike it used to be.
Q Harrison TerryYou take a photo, I screenshot the photo, man, we both got the same photo.
Q Harrison TerryNow, yours might have a little bit more resolution, but for some of the screens and devices and things that we're doing, resolution is kind of.
Q Harrison TerryIt's a moot point because it looks good enough on both.
Q Harrison TerryThe screenshot looks just as good for the intended use case as the actual real deal.
Q Harrison TerryAnd so how do you prove that you have the real deal?
Q Harrison TerryAnd, you know, that that had been a question for a long time, the concept of an NFT and that technology has kind of solved that understanding.
Q Harrison TerryWhat we've done with that understanding today is now you can go into a digital space and you can say, well, if you decorate your digital home, that those items can be rare and unique and you have the art use cases.
Q Harrison TerryBut even more fascinating is like, how do NFTs interact intersect with the.
Q Harrison TerryOr how does the concept of digital sovereignty intersect with the actual real world asset?
Q Harrison TerryReal world.
Q Harrison TerryReal world assets?
Q Harrison TerryAnd so we see it with money like bitcoin and ethereum finally starting to really be introduced into the tapestry of finance.
Q Harrison TerrySo you see the global economy is now finally starting to liken digital money as if it were any other instrument.
Q Harrison TerryAnd there's still a little bit of resistance, but not as much as it nearly was the last decade or so.
Q Harrison TerryAnd so as that opens up, you have some qualms that come alongside it.
Q Harrison TerryBut now there's this whole new concept where, like, you know, you do have stable coins, you do have bitcoin.
Q Harrison TerryThe price of a bitcoin might fluctuate, but it's the same price everywhere in the world.
Q Harrison TerryYeah.
Q Harrison TerryThat's insane, man.
Q Harrison TerryThat's insane, right?
Q Harrison TerryLike, the US dollar doesn't even hold the same price everywhere in the world.
Q Harrison TerryLike the value of it in Mexico and the value of it in Europe and the value of it in Japan and the value of it in, you know, Nairobi is different just based on the currency exchange and the value of that currency and the importance of it there.
Q Harrison TerryNow, it's still a US dollar so you're still going to have it.
Q Harrison TerryBut compared to the local currencies, there's this, there's this, there's this, there's going to be some type of loss.
Q Harrison TerryWhereas with crypto, unless you're trying to convert it into something else, you typically don't experience that.
Q Harrison TerryAnd that is, like, fascinating, but it's finite, right?
Q Harrison TerryAnd the reason why you have that value that's kind of locked in is because it is this.
Q Harrison TerryI mean, bitcoin, there can only be 21 million of them.
HostYes, yes.
Q Harrison TerryRight.
Q Harrison TerrySo that's it.
Q Harrison TerryLike, there's not.
Q Harrison TerryWe can't make more bitcoin.
Q Harrison TerryAnd so that's where digital, something that's digital, that's also finite.
Q Harrison TerryThat's like what it looks like at the massive level.
Q Harrison TerryNow, the question I have, and I still have to this day, is like, you know, I don't think it's just going to be financial instruments.
Q Harrison TerryLike, there's so many assets that are unbankable by nature that can be, I think, brought into the world of digital economies via nfts and other entities.
Q Harrison TerryAnd I think the metaverse will solve for some of that.
Q Harrison TerryBut I think that this is where this stuff gets really fascinating.
Q Harrison TerryAnd I think the technology has to catch up a little bit.
Q Harrison TerryI think you need generative AI for a metaverse that really popular, or I think you need generative AI for a metaverse to really be a thing.
Q Harrison TerryBecause when you have generative AI, you can start to generate some of these assets, some of these things to fill up some of the spaces.
Q Harrison TerryAnd it's really good at that.
Q Harrison TerryI mean, even more recently, when we were looking at GPT 4.0, its ability to even make a GLB, which is the 3d object file that people use to fill out a video game or digital environment, you can generate these things now with a generative AI model.
Q Harrison TerryBeforehand, I needed to get an artist and design it.
Q Harrison TerryThey needed to color it, do all these things, and then present you the file.
Q Harrison TerryAnd it just wasn't an efficient way to do work at mass.
Q Harrison TerryAnd so that's why video games take so long to build, is because they have to render out all these different objects and composites.
Q Harrison TerryAnd so as that time is diminished because of generative AI, we're going to see some of these worlds just get transformed.
Q Harrison TerryAnd a good example here is, again, I go back to Japan because there's a lot of qualms, but when we look at the future of technology, there are a lot of, they've already taken a lot of shots on goal.
Q Harrison TerryAnd so they've got, you know, some pretty cool examples as it relates to the metaverse and ar.
Q Harrison TerryThey've got this VR world called hello Tokyo friends, and they've got a web, a web app called Tokyo Hunt.
Q Harrison TerryNow, both of them are, I think you have to look at them both, because they both came out around the same times, and they both are doing something really cool in these digital spaces.
Q Harrison TerrySo hello Tokyo friends is a VR world.
Q Harrison TerrySo think of the metaverse as we've been describing it, placed where people go, put the headset on.
Q Harrison TerryOkay, you've got hello Tokyo friends.
Q Harrison TerryAnd then that VR world is based on Roblox, which is crazy, right?
Q Harrison TerryLike, we talked about that in the book.
Q Harrison TerryBut like they said, let's just put this in Roblox.
Q Harrison TerryAnd that gives people a space where they, they can, like, they can go and be interested about Japan and Tokyo, and they can connect and interact with people that also have that.
Q Harrison TerryAnd you know what's funny is you have visitors, like, people from around the world coming in.
Q Harrison TerryYou've got locals in there, and now you have this connection where some people are sharing their expertise not only about where they live, but also learning about Japan and Tokyo.
Q Harrison TerryAnd so that's an interesting point.
Q Harrison TerryAnd that's on the metaverse side.
Q Harrison TerryVR world, yes.
Q Harrison TerryOn the flip side, you've got Tokyo Hunt, which is a web app.
Q Harrison TerryAnd this is a web app that you can use on your phone, your tablet, whatever, your iPad, however you want to do it.
Q Harrison TerryRight?
Q Harrison TerryAnd it can be used before and during your visit to Tokyo.
Q Harrison TerryNow, what this does is it gives you a whole new way to experience Tokyo that combines basically your real world experience with the virtual.
Q Harrison TerryAnd so they have, like, this AR camera function that allows you to take, like, let's just say, elevated postcards, right?
Q Harrison TerrySo you're, like, sightseeing in Tokyo, and you can bring these various characters to life.
Q Harrison TerryAnd the, they only appear at various locations.
Q Harrison TerrySo when you go to Tokyo, in Shibuya, there's this famous statue.
Q Harrison TerryIt's called Hachiko, and a very interesting story.
Q Harrison TerryBut, you know, when you go to Hachiko statue, there's millions of people taking photos, literally every day of the statue.
Q Harrison TerryYou go there, and you have this, this Tokyo hunt app.
Q Harrison TerryYou can take your photo just like everybody else's, but now your photo has the cool, unique Ar filter built into it.
Q Harrison TerryAnd so there's.
Q Harrison TerryCool.
Q Harrison TerryThere's, like, today these seem like, oh, yeah, that's cool.
Q Harrison TerryIt's cutesy.
Q Harrison TerryIt's whatever.
Q Harrison TerryBut fundamentally, these are some of the first steps towards kind of that world.
Q Harrison TerryIt's kind of like we go back to 2000.
Q Harrison TerryIn the earlier part of this conversation, we talked about QR codes.
Q Harrison TerryLike, Japan was using QR codes in 2000 that was not new.
Q Harrison TerryLike, they didn't have to make this massive shift for all their menus in order for people to get it, you know?
Q Harrison TerryAnd so the point I'm making is, like, we can look elsewhere and say, like, oh, so that's how that might look.
Q Harrison TerryAnd so the VR worlds, not much different than what we're doing here right now.
Q Harrison TerryWe put on Airpods, we put our computers, we get them ready, we go to LinkedIn, we go to X, we go to Instagram, and we just kind of talk.
Q Harrison TerryIn this 2d world.
Q Harrison TerryThe kids already are on Roblox.
Q Harrison TerryThe kids are already in Minecraft.
Q Harrison TerryThe kids already are in video games.
Q Harrison TerryAs you spoke, you know, grand trees mode.
Q Harrison TerryYou can't do it.
Q Harrison TerryYou get motion sickness.
Q Harrison TerryYour boys will probably be great drivers because they had way more simulator time than anybody else.
Q Harrison TerryAnd if you play GT seven, you know that, like, it's pretty.
Q Harrison TerryIt's pretty good.
Q Harrison TerryIt's pretty good.
Q Harrison TerryLike, it's.
Q Harrison TerryIt's not.
Q Harrison TerryIt's not the same thing.
Q Harrison TerryNo, it's.
Q Harrison TerryNo, but as far as, like, you know, if you drive a pickup truck in GT seven and you get an actual pickup truck, it's the same kind of movements.
HostYeah, yeah, it's pretty close.
Q Harrison TerryYeah.
Q Harrison TerrySo because of that, they will have a different understanding, a different perspective than many of us.
Q Harrison TerryAnd so what we have to do is lay down some of the infrastructure so that way, the innovators of tomorrow can actually just step in and say, okay, this should be this or this should be that.
Q Harrison TerryAnd I think Roblox has done a great job of growing with their users.
Q Harrison TerryYou know, if you were to talk to anybody at Roblox, probably just even seven years ago, they probably wouldn't ever thought that they would be in some of the places they are or have some of the economies that they have even within their video game.
Q Harrison TerryAnd to see where that goes as they're.
Q Harrison TerryAs Gen Z and Gen Alpha both grow, is just going to be such a fascinating experiment.
Q Harrison TerryAnd just experiment, because we literally don't know where this is going.
HostNo, no.
HostAnd I think that's the crazy thing.
HostRight?
HostYou know what I mean?
HostI'm a parent.
HostI have four boys, right?
HostTen, eight, seven, and literally six months today.
HostSo it's like they're.
HostThey're a wide range, and you're right.
HostLike, they've been playing, you know, fortnite for probably the last three to four years.
HostRoblox, at least the last two years.
HostRight?
HostAnd they love that stuff.
HostLike, they love that stuff.
HostLike, to the point where they really love this.
HostAnd so for me, as a parent, like, me and you grew up in a completely different world.
HostYou know, we had friends.
HostWe played at the park.
HostWe hung out with our friends after school.
HostLike, that was the things that we did.
HostAnd they're kind of doing those things in a different way.
HostAnd I think one of the struggles that I have, and I think a lot of parents is, like, how much should we let them live in the digital world versus the real world?
HostHow do you balance it?
HostBecause it feels impossible.
Q Harrison TerryWell, see, the question I have there, I'm not a parent, but people ask me this question all the time.
Q Harrison TerryIt's like, should their kids have tablets?
Q Harrison TerryShould they limit their device and screen time?
Q Harrison TerryAnd what I say is, I get your concern.
Q Harrison TerryIt's a valid concern, but if you hold your kid back, you actually hinder the technological growth and development.
Q Harrison TerryThe thing here is, I think, you know, we have to change.
Q Harrison TerryWe have to adjust morals, and we have to address the integrity and how we train and teach integrity and also how we.
Q Harrison TerryHow we teach independence and trust.
Q Harrison TerryRight?
Q Harrison TerryLike, all of these things are that that's where I would start if I had a kid, is I would focus.
Q Harrison TerryOkay, what is trust?
Q Harrison TerryRight?
Q Harrison TerryI trust that you have this device, and I trust that, you know, kind of the rules that we have.
Q Harrison TerryTrust that you can be independent, because I can't always be there.
Q Harrison TerryAnd, like, you know, like, we have to have a relationship where you have to manage kind of your own time.
Q Harrison TerryLike, you have some responsibilities that you have to be accountable for, and that's going to grow as you develop and grow.
Q Harrison TerryBut, like, I like, it starts with this device.
Q Harrison TerryLike, you have to take care of it.
Q Harrison TerryYou have to, like, understand, like, everything you see on it isn't real.
Q Harrison TerryAnd then, like, morals, man.
Q Harrison TerryLike, you know, the thing that young minds really need a lot of guidance for is, like, you know, sometimes you don't always want your kid to put their hand on the stove to see that it burns, right?
Q Harrison TerrySo I don't always want your kid to, like, be the kid that starts the fight and, like, pushes the kid and start, like, starts punching people.
Q Harrison TerryYou're like, well, why can't I do that?
Q Harrison TerryIt's like, you know, like, there's.
Q Harrison TerryThere's this.
Q Harrison TerryThere's this moral part, right?
HostYeah.
Q Harrison TerrySo I think we have to look at that and then also realize that these devices, we're not.
Q Harrison TerryYou don't hear too many people complaining about, oh, the iPhone's bad, it's bad.
Q Harrison TerryPiece of technology kids shouldn't hold.
Q Harrison TerryIt's always, oh, you know, online, you can have low self esteem, confidence, comparison, this, that, and the third.
Q Harrison TerrySo it's like the networks in what you expose the kids to also can be, you know, quite demeaning.
Q Harrison TerrySo it's like, you have to, like, be careful, because if you don't even expose them, like, let's say you don't let your kids get on Roblox because you're like, man, the kids on Roblox, they're talking crap, doing all that.
Q Harrison TerryWhat's like, dude, let's go back to when we were kids, when we were riding our bikes.
Q Harrison TerryWhat the fuck were we doing?
Q Harrison TerryYeah, excuse my language.
HostWe need for speed talking smack.
Q Harrison TerryWe were talking so much shit and so much trash, right?
Q Harrison TerryLike, were we holier than now?
Q Harrison TerryLike, if we.
Q Harrison TerryIf we.
Q Harrison TerryThe problem is for them is it's documented.
Q Harrison TerryIt's like, this account stays with them.
Q Harrison TerrySo it's like, yeah, don't let your kid use their real name online.
Q Harrison TerryI think that that's probably where it starts.
HostThat's pretty fair.
HostYeah.
HostWell, I think about it.
HostI actually agree with you completely, because it's like, look at the world we live in now.
HostLook how important a computer is.
HostLike, let's get real.
HostIf you don't know how to use a computer, you're probably dead in the water.
HostLike, there's not, like, you have to use a computer.
HostBut you're right.
HostIf you never got those basic skills on how to use a computer, we.
HostYou couldn't.
HostYou couldn't interact today.
HostAnd I do kind of feel like if they're not able to use tablets, if they're not able to use VR, if they don't understand the rules of the next world, you are hindering them.
HostI guess the thing is, is it's also new.
HostWe're not sure what that actually means long term.
Q Harrison TerryWell, I mean, we have our own lives, right?
Q Harrison TerryLike, I mean, you're.
Q Harrison TerryYou were savvy with the computers and Internet, and now you have an Internet podcast that allows you to get more distribution for your business.
Q Harrison TerryYes.
Q Harrison TerryEt cetera.
Q Harrison TerryRight?
Q Harrison TerrySo, yeah, I mean, had you not.
Q Harrison TerryHave you.
Q Harrison TerryHad you been a Luddite your whole life, and you're just like, I'm not going to use the Internet.
Q Harrison TerryYou probably wouldn't understand the benefits of podcasting, and there's still people today that are, like, anti podcasts.
Q Harrison TerryI don't want to podcast.
Q Harrison TerryI want this podcast.
Q Harrison TerryI'm like, okay, that's cool.
Q Harrison TerryBut, like, the world's changed, right?
Q Harrison TerryEven.
Q Harrison TerryEven podcasts have shift.
Q Harrison TerryLike, remember, I remember podcasts in 2006, like, when.
Q Harrison TerryWhen they were on the ipod, and it was like, you remember when it was only had the scroll wheel and there was, like, a little thing, and it said podcast, and you click on it.
Q Harrison TerryYou said podcast on the ipod via iTunes, like, with the cord.
Q Harrison TerryI remember podcast.
Q Harrison TerryThen when Steve Jobs made it cool.
HostI'm a horrible example, dude.
HostLike, I didn't even, like, I remember that I didn't even start listening to podcasts till, like, 2015.
HostLike, I was so late.
HostThe party, were you late?
Q Harrison TerryOr.
Q Harrison TerryI mean, the party's changed, right?
Q Harrison TerryOr right on time was, like, radio.
Q Harrison TerryLike, it captured and, like, spliced up and put on, like, people's ipods, right?
Q Harrison TerryAnd then, like, you know, Joe Rogan was around in that time, but then, like, you know, very few people stuck with it even to see where it's at.
Q Harrison TerryIn 2024, it's 20 years, right?
Q Harrison TerrySo we talk about 20 years of podcasting, and we look at it.
Q Harrison TerryI remember when podcasts didn't have sponsors.
Q Harrison TerryNow you kind of look cooler if you have the break.
Q Harrison TerryAll right, now for a word from our.
Q Harrison TerryFrom our sponsors.
HostLike, it, like, legitimizes the whole thing, which is wild.
Q Harrison TerryIt's like, we expect ads.
Q Harrison TerryWhen the hell did we expect ads?
Q Harrison TerryLike, we pay for.
Q Harrison TerryWe pay other people to take away ads.
Q Harrison TerryIf your podcast doesn't have ads, then your podcast kind of is like, no one's listening to this.
Q Harrison TerryThere's no ads.
HostYeah.
Q Harrison TerryIsn't it weird how that is?
HostIt is, dude.
HostIt's.
HostIt's absolutely bonkers.
HostYou know, one of the things, though, that I wanted to talk to you about is because, like I said, you have insights and ideas, and, you know, I mean, they're.
HostThey're well put together in the book.
HostLike, the reality is, there's no way in this conversation that we could have ever touched on even a fraction of what is in the book.
HostSo I do want our listeners to know, like, there's no way, like, this conversation is enough.
HostThere's so much more.
HostGet the book.
Q Harrison TerryFor sure.
Q Harrison TerryI really wrote the book as a vessel at which a decision maker can sit down with this and build at least a decent understanding of what the metaverse is and what it could mean.
Q Harrison TerryI didn't get too technical as to, like, what was relevant at the time.
Q Harrison TerryWhen I wrote it, tried to write it in a way where, you know, the major players, we knew who they were going to be and still have still pretty much all the same major players.
Q Harrison TerryAnd we talked about that.
Q Harrison TerryBut what we really, really wanted to do is say, like, hey, if you're a decision maker at X Company, if you're a manager, if you've got your own business, if you've got a brand, if you've got, you know, some concept that you want to bring to life and you're trying to find an audience, I go in there and I literally say, this is what's upon this is, these are the possibilities that could, that could be on earth, and here are people that are doing it.
Q Harrison TerryLike, it's more so it's like a book of case studies, if you ask me.
Q Harrison TerryRight.
Q Harrison TerryThat's because, you know, we're telling you about what people are doing then, which is two years ago, you know, we're talking about virtual nail salons and screenshot documentarians and, like, it's crazy, like, how you think about it, but it's like the, I don't even think at the time when I wrote the book, some of those things that I talk about will go on to go even further.
Q Harrison TerrySo the movie that we talked about, the guy who was recording his screen, the guy I was recording the screen, he actually got a deal with HBO Max.
Q Harrison TerryAnd so that video, the movie you can watch on Max, which is phenomenal.
HostWow.
HostWow.
HostYeah, you're right.
HostIt's evolving so quickly.
HostIt's.
HostAt that time, metaquest three wasn't out yet, obviously.
HostLike you said, the Apple vision Pro just came out.
HostLike.
HostLike, it's.
HostIt's changing rapidly, but I guess that's it.
HostIt's like, what does a business do?
HostRight?
HostLike, if I'm a business right now living in the meat world, as it's, as it's called in the book, which we all are for the most part, what.
HostWhat do we do, right?
HostLike, how do we take our first steps into the metaverse?
HostLike, what is your recommendation to companies that are still living in web two, they just have a website.
HostThey have services or products that they're selling.
HostWhat should be the way in the door?
HostHow do they start?
HostLike, is it just a little dibble dabble of time?
HostIs it buying a meta quest and experiencing VR?
Q Harrison TerryWhat.
HostWhat is it?
HostWhat's the way forward?
Q Harrison TerrySo I was starting in VR today.
Q Harrison TerryLet's just say, you know, I've got a brand?
Q Harrison TerryWhat kind of brand?
Q Harrison TerryGive me a.
Q Harrison TerryGive me a brand.
Q Harrison TerryLike, what kind of brand?
HostOkay, let's say that we're, we're a, we're a product company, and we sell consumer products.
HostYou know, let's.
HostLet's just call it.
HostLet's call it.
HostWe've been talking about a nail salon.
HostLet's.
HostLet's say that we're set.
HostWe're selling nail polish.
Q Harrison TerryYeah, well, I mean, that examples in the book, right?
Q Harrison TerryIf I was at a nail salon, right?
Q Harrison TerryI'll answer the product company, and I'll answer the nail salon.
Q Harrison TerrySo the nail salon.
Q Harrison TerryWe already talked about that in the book.
Q Harrison TerryThe, the point here is, if you're a nail, if you are a nail tech and you do nails, it's finite.
Q Harrison TerryThe amount of people you can see in a day, the amount of money you could make.
Q Harrison TerryEven if you have all the demand in the world, you can only have x amount of people that come to your salon that you serve.
Q Harrison TerrySo the way you scale, that is, you get, you take the brand, you expand it, you hire more nail techs, you serve more customers, you grow kind of your expenses on the hope that you would actually be able to fulfill the demand through the already existing clientele and more.
Q Harrison TerryOn the flip side, right, when we talked about it in the metaverse, you had Ck, who was a nail designer, who was really good at what she does.
Q Harrison TerryShe's doing celebrity nails by day and by night.
Q Harrison TerryShe's selling the designs that she's making for these celebrities, for people that have, you know, ult, like, you know, their costumes in Decentraland, so they're, like, going around, and they're like, okay, I look good, blah, blah, blah.
Q Harrison TerryI got my wings.
Q Harrison TerryI got my, my headpiece.
Q Harrison TerryI got all that.
Q Harrison TerryMy avatar is dipped out.
Q Harrison TerryI want some nails.
Q Harrison TerryCk's got you.
Q Harrison TerryAnd she's selling them for actual cryptocurrency.
Q Harrison TerryAnd so now you're starting to amass even some profits.
Q Harrison TerryAnd that's 24/7 she makes a 250 nail set.
Q Harrison TerryCollections there, sell them for whatever.
Q Harrison TerryThen, you know, the cool thing about the digital space is, you know, you can do interesting things with royalties.
Q Harrison TerrySo even after those 250 sell out, if there's more continued transactions, depending on how the contract set up, she can also get, you know, royalties from all the sales.
Q Harrison TerryAnd then also if the demand and rarities are done right and, like, the volumes kind of, like, being addressed, like, people are actually buying your stuff.
Q Harrison TerryWhat happens then is you can also, you can benefit pretty well in the sense that I'm trying to think how I would describe this in a sense that, like, you can keep releasing collections and, like, you know, now you're building a brand that exists beyond you.
Q Harrison TerrySo, like, that's what we talked about in the book.
Q Harrison TerryOn the flip side, I mean, talk about the product, the product company that you were asking me about.
Q Harrison TerryIf I'm in 2020 forward and I'm like, okay, what does the metaverse look like for us and our company?
Q Harrison TerryThere's like two questions I have to ask myself.
Q Harrison TerryThe first question is, like, no one, how do you see the metaverse?
Q Harrison TerryLike, so if I'm a fitness brand, maybe I do go lean towards, like, or a fitness product, I should say if I'm a fitness product.
Q Harrison TerryI mean, Meta's done a good job selling these quest headsets.
Q Harrison TerryThere's a lot of people that's got them.
Q Harrison TerryIf you can, if you can figure out a way to, like, basically make your product relevant with the quest headphone platform, I'm sure meta will be calling you because that's, like, what they're looking for right now.
Q Harrison TerrySo if I had a fitness product or something and I knew I could make, like, the, putting the headset on cool and we could make some cool content around it and we could, we could make it so that it was fly.
Q Harrison TerryLike, you know, that's an easy growth lever right now.
Q Harrison TerryLike, there's going to be someone that does that the same way you remember, I mean, think about iPhone cases.
Q Harrison TerryThink about how Otterbox, like, just built the whole company and a brand.
Q Harrison TerryLike, obviously they existed before the iPhone.
Q Harrison TerryI want to.
Q Harrison TerryLet's make that clear.
Q Harrison TerryThe Otterbox company existed before the iPhone.
Q Harrison TerryBut I.
Q Harrison TerryYou remember the iPod.
Q Harrison TerryYou remember the iPhone.
Q Harrison TerryYou remember what Otterbox did then.
Q Harrison TerryYou're in Canada too, right?
HostYes.
HostYeah.
Q Harrison TerrySo I'm using a canadian company.
Q Harrison TerryYou remember that?
Q Harrison TerryThat was, that was the, that was the, that was it.
Q Harrison TerryThat was the Dundada for like 1015 years.
Q Harrison TerryYou remember that?
HostYes, yes.
HostNo, like, hell, Otterbox is still a brand name around here.
Q Harrison TerryThat's my point.
Q Harrison TerryRight?
Q Harrison TerryAnd it came up off the, like, they literally paired themselves with the iPod and the iPhone and they ran that thing.
Q Harrison TerryBut, like, that's what I would do is like, you already have hundreds of millions of these devices and homes.
Q Harrison TerryIf you've got a fitness brand and you know that this thing is being used for that.
Q Harrison TerryMake a cover for the inside so sweat doesn't get on it.
Q Harrison TerryYou can probably get those online for really cheap, get it from China, brand it, whatever so include that with your product.
Q Harrison TerryNow it's like, hey, this is the, this is the Oculus face plate faceplate.
Q Harrison TerryIt's for your or not oculus.
Q Harrison TerryThis is the quest faceplate.
Q Harrison TerryYou put it on, you do your thing and you use our product, whether it be bands, whether it be hula hoops.
Q Harrison TerryNow the thing you hear is like you've got to make sure it actually makes sense and you don't want to hurt anybody.
Q Harrison TerrySo you've got to like, like, safety concerns are important and massively it should be, should be addressed.
Q Harrison TerryBut once you get past that, let's come back around and we say, all right, we've gotten, we've gotten that figured out.
Q Harrison TerryLet's say you're a CPG or a consumer product, good company like you, we don't make fitness.
Q Harrison TerryWhat does it look like?
Q Harrison TerryWell then I wouldn't probably look at like the meta Quest platform.
Q Harrison TerryI would probably look at something similar to my example earlier when I was talking about the AR world and like the digital postcards in Tokyo.
Q Harrison TerryI would probably do something where it's web based.
Q Harrison TerrySo I see a lot of, I think Jones soda, they did a cool activation with like QR codes.
Q Harrison TerryIronically enough, we just scan the QR code and you have like this AR experience.
Q Harrison TerryAnd there's like some new formats too that Apple's made.
Q Harrison TerryIt's called what is Apple's format?
Q Harrison TerryIs it FbX?
Q Harrison TerryI don't think it's FBX.
Q Harrison TerryIt'll come to me in a second.
Q Harrison TerryApple has a 3d format that actually can be transferred through iMessage.
Q Harrison TerrySo as you start to think about elevating your marketing experiences, maybe instead of switching to email, everyone's always doing email marketing.
Q Harrison TerryMaybe I switched to imessage for business.
Q Harrison TerryAnd we take the people's information and then when we send them a follow up message, we send them this cool ar component that they can then go and take their own photos with the digital postcard.
Q Harrison TerryAnd you got to remember, the adoption there is going to be a little bit slower.
Q Harrison TerryBut because you got away from the Facebooks and the Instagrams and the TikToks and the Snapchats, you're taking the filter experience and you're doing it one to one.
Q Harrison TerryYou're not going to get the same scale.
Q Harrison TerryIf someone uses your AR chat filter experience on Instagram, there's a massive scale.
Q Harrison TerryBut if you want the brand recognition and you want people to see you as a more authentic and forward leaning brand, well, you probably want to own that experience.
Q Harrison TerrySo I think what's cool there is.
Q Harrison TerryWe see the benefits of that with Ikea and even Amazon, right?
Q Harrison TerryLike, in their apps, you can go and view what certain products look like at your home.
HostAt your home.
Q Harrison TerryYeah, that's cool, right?
Q Harrison TerryWith the Apple Vision Pro now, right?
Q Harrison TerryLike, if I'm telling stories and I have a brand, let's say I'm a coach, I might make, like, an Apple Vision Pro app, right?
Q Harrison TerryEven if I have to, for, like, for be on the forefront today and, like, figure it out on the cost side, right?
Q Harrison TerryYou know, do that, but position yourself, like, brand with the product.
Q Harrison TerrySay, like, you know, you can't.
Q Harrison TerryI can't be there with you all the time for my.
Q Harrison TerryI don't know, let's just say my platinum package users, I actually have an Apple Vision Pro app.
Q Harrison TerryIf you buy the platinum version of this, we actually send you the Apple Vision Pro, so you don't even have to worry about the cost there.
Q Harrison TerryYou get an Apple Vision Pro from us, and we tell it.
Q Harrison TerryWe give you a code for the app, you install the app, and everything that you have that you've done in your coaching platform with us is there.
Q Harrison TerryIt's accessible, and it has these AI coaches, myself included, blah, blah, blah.
Q Harrison TerryIt sounds crazy, but you can build that now and then you grow with it.
Q Harrison TerryAs the technology gets better, maybe the coaches can only have, you know, so much memory or so much, can access so much, or maybe can only have one coach, and if you can have two, we already kind of have that.
Q Harrison TerryWhen you think about.
Q Harrison TerryIf you.
Q Harrison TerryWhen you use the Apple vision Pro, they have, like, these holographic people.
Q Harrison TerryI call them Personas that, like, float in the space with you.
Q Harrison TerrySo it's like FaceTime on steroids.
Q Harrison TerryIt looks a little uncanny valley, as people call it.
Q Harrison TerryBut, like, I actually.
Q Harrison TerryI didn't like it, so it's not something I.
Q Harrison TerryYou see me doing all the time.
Q Harrison TerryI did buy an Apple vision pro.
Q Harrison TerryIt was cool, but it was too heavy and it gave me a headache.
Q Harrison TerryLike, that was the one device where it wasn't that I was motion six.
Q Harrison TerryIt was just like, this thing was, like, heavy.
Q Harrison TerryIt was, like, heavy.
Q Harrison TerryAnd so I had to let it go.
Q Harrison TerryBut, you know, there's a thing where, you know, some people are going to say that, but there's going to be some people that just haven't tried it and some people that are going to be just mesmerized by the fact that you gave them this headset, and so that that touch point becomes an activation.
Q Harrison TerryAnd then what you have to do is you have to learn from all these different activations what's actually going to be the sensation that goes viral and creates this unprecedented moment for your brand to really shine through.
Q Harrison TerryAnd it's a really hard challenge.
Q Harrison TerryRoblox has done a great job of it.
Q Harrison TerryUnity's done pretty decent.
Q Harrison TerryApple obviously has had some moments.
Q Harrison TerryMeta has had some moments.
Q Harrison TerryWhen you start to go down the pathway, it's still so early.
Q Harrison TerryThe industry is nascent as far as what it's actually going to be in the next 1015 years.
HostYeah, like what really what you're saying at the end of the day is just do something.
HostJust start thinking about what you can do to play in this new field so that, so that you're ahead of the curve, not behind.
Q Harrison TerryYeah, get active.
Q Harrison TerryBut like, you know, if you go to chapter nine in the book, I got your metaverse playing.
HostThat's right.
Q Harrison TerryCheck it out.
Q Harrison TerryYou know, there's a lot more in depth information there and it's easy read.
Q Harrison TerryI mean, you can probably read this book in my like a week, not even.
HostI did it in three days.
HostSo, yeah, just depends how badly you want to read it.
Q Harrison TerryWell, I wrote it that way.
Q Harrison TerryRight.
Q Harrison TerryI try, when I write, I like to write books in nine chapters or less.
Q Harrison TerryLike I have two books that don't fit that, but one, like one by like two, like three more chapters than nine.
Q Harrison TerryAnd the other just, that was my first book, so I didn't know.
Q Harrison TerryAlso like try to like leverage all the time.
Q Harrison TerryLike if you, if someone's going to take the time and read and read with you or read something you wrote, you try to make sure that all those words are accommodating to their talk because, you know, there's so many things you could do.
Q Harrison TerryYou could listen to a podcast, you can watch a YouTube video, you could be with your kids, you could go to take a class, you could go, you know, hang out with friends.
Q Harrison TerryThere's just so many different things that are calling our attention.
Q Harrison TerryAnd so I really try to make sure when I write a book, we go and publish it, that every word kind of counts as best as we can make it happen.
HostYeah, no, absolutely, absolutely.
HostAnd it was, honestly, it was an easy read.
HostLike, I really enjoyed the read.
HostThere was nothing about it that was like, ah, this is, it wasn't boring by any means.
HostSo you did a great job in the way that you did it.
HostWhere can people get the Metaverse handbook?
HostI, you know, mean, I got it off Amazon, but yeah, Amazon today for.
Q Harrison TerryAll for all authors accounts for about 80% of all our sales.
Q Harrison TerrySo go ahead, support either Amazon.com.
Q Harrison Terrywe still works.
Q Harrison TerryOtherwise most local bookstores are going to carry our book.
Q Harrison TerryIt's published by Wiley, so we do get the benefits of being with the actual publisher.
Q Harrison TerryWhere most bookstores you can get it.
Q Harrison TerryIf they don't have it on the store shelves, they can always order it and get it to you.
Q Harrison TerryMost people that buy books that way are just trying to support some of their local bookshops or other establishments that aren't Amazon.
Q Harrison TerryI get it both ways, but from an ease and convenience standpoint, tell you to go to themetaversehandbook.com or metaversehandbook.com, actually, and we also have a few retailers there as well.
HostPerfect.
HostI will make sure that I link that in all of our social posts that go along with this.
HostSo if you're hearing this, just come check out all of our socials and the show notes and you'll be able to find it.
HostWhen we were talking, obviously, we spent some time, we were talking about Japan a little bit.
HostOne of the other organizations you work with is learnjapanese.com dot.
Q Harrison TerryThat's correct, yes.
Q Harrison TerryYou see, some of the stuff in my background working with Sonosuke and team over there to really make Japanese a lot less boring.
Q Harrison TerryYou know, it doesn't have to be so scary and boring to learn.
Q Harrison TerryAnd what I found when I was starting to, like, just get in, engrossed in all the different vessels at which you can start to learn Japanese, there was nothing that was really resonating with me on a, on a personal level.
Q Harrison TerryThe same way, like when you read that metaverse handbook, it has to be captivating.
Q Harrison TerryAnd that's how you finish the book.
Q Harrison TerryJapanese Washington.
Q Harrison TerryIt was very much starting to become something that was a chore and not, not fun.
Q Harrison TerryAnd so I worked with my japanese teacher to create an experience known as learnjapanese.com, where we have this program called Nihon 123 where we literally make learning Japanese as simple as one, two, three, and it's fun all the way through and throughout, we're still building it.
Q Harrison TerrySo, you know, the people that are joining us now get a chance to see what, you know, it, what it's like as an entrepreneur, as you start off with, like, you know, your first couple hundred users to hopefully, you know, whatever the masses could be.
Q Harrison TerrySo we're always open to feedback.
Q Harrison TerryIf there's anybody that wants to learn Japanese, you know, we're always willing to accept it.
Q Harrison TerryAnd if you listen to this podcast, I mean, we can figure out a way to get you a code or something.
HostAmazing.
HostAmazing, man.
HostLike, I can't tell you how much I appreciate you coming on the show and sharing that with us, dude.
HostLike, we could have talked.
HostLike, the reality is we didn't even get into, you're a marketing expert, too.
HostLike, we didn't even really get into that.
HostAnd I feel like at another time I would to have you back and have that conversation with you because I'm sure there's lots to talk about there.
HostBut, you know, the reality is, what you're doing is super important and honestly, something that not a lot of people know.
HostLike, there's not a lot of people like you, Q Harrison.
HostSo I really appreciate you coming on and sharing your knowledge with us today.
Q Harrison TerryThanks for having me.
Q Harrison TerryAnd it was cool to be able to talk about the future.
Q Harrison TerryI think one thing even more relevant to this conversation than anything else is if you want to know my thoughts on the future, there has never been a better time.
Q Harrison TerryYou can go to everydays.
Q Harrison TerryWTF?
Q Harrison TerryAnd you will actually see that every day.
Q Harrison TerryI ask myself, what's the future?
Q Harrison TerryAnd I take detailed notes and I store them in a journal.
Q Harrison TerryThat journal is open source.
Q Harrison TerryAnyone can access it.
Q Harrison TerryThey can view it.
Q Harrison TerryIt's free.
Q Harrison TerryI don't charge for it.
Q Harrison TerryAnd it's a beautiful experience because you get a chance to see some of these nodes or some of these, these shifts as they're happening in real time.
Q Harrison TerryAnd, you know, I'm just usually capturing, like, kind of notes and highlights.
Q Harrison TerryBut we're going to get to a point where I start to actually do more presentations.
Q Harrison TerryThe first one will be later in June, and I'll kind of take some, all of my notes and show you, like, kind of how I see it.
Q Harrison TerryAnd that that's going to be a cool experience.
Q Harrison TerrySo we're working on that on the back end.
Q Harrison TerryAnd then also, like, I mean, it's through the books and stuff.
Q Harrison TerryYou get to see the note cards before they become note cards because this is the same notebook that I use when I go and write a, and in many ways, I open up the writing room.
Q Harrison TerrySo if you have thoughts on something or you have questions, at the end of all those notes is the comment section.
Q Harrison TerryAnd there's people that come and they ask questions, and guess what?
Q Harrison TerryI respond.
Q Harrison TerryIt's my notebook.
Q Harrison TerrySo one of the easiest ways to get in contact with me if you're looking to learn more about future thinking and just how these shifts in AI are going to transform a lot of different industries or even things about the metaverse.
Q Harrison TerryI still publish a lot of stuff there.
Q Harrison TerryAnd cool thing too, is you can search too.
Q Harrison TerrySo if you type in metaverse, you can see all the notes that I have, or you type in something you're interested in.
Q Harrison TerryYou can see kind of what I thought was fascinating as it stood.
Q Harrison TerryAnd this is something I've been doing for almost 13 years.
Q Harrison TerryBut we're right now in our, maybe this is our second year, third or second year where it's open source.
Q Harrison TerrySo I had the idea a few years back, and then it took some time to get a processing system that was like pretty reliable and down and like, it was easy to just maintain.
Q Harrison TerryAnd now we're there and it's simple, like, just come check it every day and you'll always learn something.
HostYou'll always see something amazing.
HostPerfect.
HostWell, I will make sure that the link for that is also in all of our show notes and posts.
HostSo if you're listening to this and you're getting it, you'll just be able to find it wherever you're listening.
HostSo we're good to go, dude.
HostOnce, once again, total honor.
HostThank you for joining us.
HostWe've been joined by Hugh Harrison Terry, and he gave us all the tips on the future here.
HostAnd if you want to move forward, you definitely need to check out the metaverse.
Q Harrison TerryAppreciate it.
HostUntil next time.
HostThis has been the business development podcast and we will catch you on the flip side.
Kelly KennedyThis has been the business development podcast with Kelly Kennedy.
Kelly KennedyKelly has 15 years in sales and business development experience within the Alberta oil and gas industry and founded his own business development firm in 2020 2020.
Kelly KennedyHis passion and his specialization is in customer relationship generation and business development.
Kelly KennedyThe show is brought to you by capital business development, your business development specialists.
Kelly KennedyFor more we invite you to the website at www.
Kelly KennedyDot Capitalbd dot ca.
Kelly KennedySee you next time on the business development podcast.
Q Harrison TerryIt.