15 Burst results for "Race Team Alliance"
The Final Lap
"race team alliance" Discussed on The Final Lap
"A Jimmy Johnson. I mean, you don't know. You never know. You never know, man. Snowball Derby. This past weekend, that was big. It was Josh berry won the poll for the thing. Brad Keselowski missed the advancing to the main event, but he did give it a hell of an effort. I don't know if anybody watched the preliminaries there, but the last chance qualifier race. Brad Keselowski started way back. I mean, it was way back and it was like ten laps to go or something. He was 12th. It was, it looked like there was no chance for Brad Keselowski to advance. And then all of a sudden, things started getting crazy. He got up to 6, and I was like, oh my gosh. Brad's losing. Because the top four advanced, but now he ended up 6th in his last chance qualifier race. So he missed the field, but he did give it a heck of an effort for his first attempt. And then in the actual big show, he had time to Jessica and Eric Jones getting into it. I don't know if you saw that. But Jessica touched the rear of Eric Jones car launched up on top of it. Just obliterated Eric Jones was number four car. It was like riding with him. Yeah, that was just bizarre. That number four car was destroyed too, so Eric Jones is bid at a third snowball Derby victory was over. But the guy who's been so close so many times Carrie literally has led like 92% of the laps in the last four snowball derbies. Derek Thorne, and yet he had never won one, finally pulled it off this year. After all the trying after all the craziness, he's run the last like ten snowball derbies and has been attempting to win this thing. He's been so good in the snowflake race. The companion event that during the week and has won that several times and is always a contender, but finally breaks through Derek Thorne wins the snowball Derby. Amazing, amazing. See, we got stuff to talk about. There's lots going on. Yeah, so we've got lots more than that too. I mean, let's talk about 2020 threes coming up and the money team racing, Floyd Mayweather's team. We saw them kind of compete this year for the first time after hinting they were going to be joining for like two years. Joseph shrigley, it took Chris dot com, I actually talked to their team co owner, Willie ach moody. And he says they're continuing to build their program. They want to expand past the four races they ran this year in 2023. And they want to build the team around Connor Daly who came from the IndyCar circles. Wow, okay. Yeah. Yeah, so Willie says the team is looking at a technical alliance down the road as well. So they're very open to doing things. We're at your children's racing. It has helped them to this point. But says they're open to any Chevrolet team that's willing to talk. And Daytona 500 Kerry, you ready for this? What's up? So obviously, the big rumors that Elio cash Travis will be going to track house for Daytona, right? Right? Well, the money team racing has also had talks with Elio Castroneves. We could be seeing Elio Castroneves in a Floyd Mayweather car at the H one O 500. Holy crap. That's crazy. Weird to hear. Are we living in? I love this. That's wild. Yeah, crazy. Very cool though, very cool. Hey, what's this whole thing? The RTA race team alliance. They want to create their own series in the off season? Yeah, so this is the other thing that's going on. Now obviously under current NASCAR rules, there are some stipulations that can't be broken here at this point. But yeah, the RTA, the race team alliance, which fields all 36 of the chartered teams in the NASCAR Cup Series, kind of an ownership group where they band together and help each other either get things their way at NASCAR helping with negotiations or help each other get sponsors, travel, money, all those other stuff. So that organization is having talks to run exhibition events in the off season, like you said. Away from NASCAR. So it won't be NASCAR sanctioned. It won't be NASCAR saying, hey, go tune in this week for the X missionaries with the RTA. So you won't be getting any of that. It'll be RTA on their own. And so obviously with part of the stipulations in the current agreement with NASCAR, which runs through the end of the 2024 season, the RTA can not start up their own rival racing league. So no full-time racing league with points and a champion all that stuff. But the RTA believes there is legal workarounds that they can do in exhibition event or exhibition events. As long as they're not running for a championship, the car also can not be a current NASCAR race car. You won't be seeing the next gen cars. You won't be seeking cars, you want to be seeing the current trucks, but you might be seeing the old gen 6. So who knows? They've got plenty of those left, so I don't know if that's within the workings of the agreement. I don't know if it would have to be late models or what it would have to be. But the RTA is definitely thinking about doing it. And when the RTA usually thinks about doing something, they find a way to do it. So we'll see how it goes. One of the things they said is because there are struggling to turn a profit. Does throwing money at something like this? Is that going to help? So I don't know. That's a great question. The whole key to it would be getting a TV partner, because if you don't get a TV partner, you're not going to make money on that. It's just not going to happen. I think they've got to have talks going on with the TV partner about this possibility. But if that happens, I see it happening. If they don't have a TV partner, I see no way this turns a profit at all. But it just kind of does show how the crazy links that the RTA is now willing to go to try to help these teams turn profits in this sport. People still question if they really aren't turning profits. And I'm sure NASCAR is wondering that same thing too, but at some point, these balance sheets are all going to be shared with each other and people are going to understand where everybody's at. But as it stands right now, the RTA is claiming they're not making money. And the teams have to make money.
NASCAR on NBC
"race team alliance" Discussed on NASCAR on NBC
"Cars. What do you make of the next gen on road courses in its first year this year? And it doesn't ask Carney to do things to make them race better. I think it's been disappointing. You know, and I'll be honest. I don't know why. It's been fairly disappointing to watch, go around the road course as much as I was very excited for this car. And potential on road courses, knowing that it's still kept some of the characteristics of a stock car. It's really heavy. You know, it's 3400 plus pounds, 3600 or so with the driver. This is a heavy race car. You don't run into anywhere else. You know, that is unique to NASCAR and NASCAR only. It still has a lot of power. And you got to put that through the rear wheels, right? So I'm thinking, as I look at this thing, coming into this year, I'm like, okay, this is, it keeps all the same flair of a stock car, but maybe with some cool additions and sequential shifting, this could actually be really cool. And I think what is interesting is it's not easy to drive. You watch yesterday, they're selling at the wheel. They're doing things in there. It just seems like it has trouble creating a discrepancy in speed amongst cars around itself. And what I mean by that is like, if we look at the Xfinity car, which is essentially the old car. It's like a water buffalo in a China shop, resides to describe it as like they just are not designed to go around road courses. They don't do anything well. And in that, there's a lot of area for different cars and drivers to make speed in areas versus struggle in other areas. If that makes sense. And there can be big discrepancies about how you can put the power down or how well it breaks or how much speed you can roll through the center. It just seems like one you have the incredible talent level, the Cup Series, which is the highest there is. That's monks drivers and teams. So maybe they're set up really well. But it just seems like there is a forever reason there's a point where everyone's kind of running a very similar speed. And chase is kind of alluded to this. And I just think that is perplexing because I know the other car had a lot of differences from team to team. But it just seems like this is interesting compared to what we see in with the car like this design in GT3 racing around the world. Where they have ABS and traction control. So there should be very little differences. And they have BOP, and they can run super close together. And make passes and have discrepancies and speed. You have the super cars, Australia, which is a pretty similar design. To this car, especially their new one coming online. And they can run really close together and have a lot of discrepancies in speed. So I just, I'm a little confused right now. I'm trying to figure it out, I'm talking to people, trying to be like, what do we think has to be done here? Because it's still a NASCAR stock car. It's still really heavy. It seems really hard to drive. Why do we get to points where people are saying it's hard to pass? On a road course. That's what I'm struggling with. And so I don't know if I really have an answer here. I think whatever the answer is, I think, could be a similar answer to the short tracks. I think the problem we're seeing racing product wise is consistent at the short tracks and the road courses. And I think the issue has got to be similar because I see the same thing where it's just like a stagnation amongst the field, I'm like speed and that just is very confusing to me for all the reasons I listed that NASCAR stock cars are hard to drive because they're big and heavy and those sorts of things. So it is hard to drive. So I don't understand why we're all running the same speed. 50 cents. Yeah, no, it makes a ton of sense. And it seems like, as you said, there should be more discrepancies in speed there that should allow for more comers and goers. And that's the term. And NASCAR obviously his battle this problem, unfortunately, a lot before mile and a half racing for years, it was like everybody's stuck in the same spot. They spread out. They go single file and then no one can gain position because everybody is running the same speed. And it seems as if what we hear when that crops up in the past is, well, maybe if we can figure out how to get Goodyear design tires that fall off more, that seems to work sometimes to solve those problems. Is that something that would be effective here? But it already seemed like, as we saw with Belle and Briscoe, there is a big difference in tire wearing. In America and this weekend had a ton of Tyler. Yeah, I mean, there's a ton of fall off. So I don't think that's the other thing. There's a lot of fall. And you watch, you know, you watch those on boards and coming off of turn four and onto the turn 8 onto the banking. I mean, they're spending the rear tires and they're struggling to get the power down. That sort of thing. It's just like, okay, that should equal passing. Right. Where one person's doing that better than the other person. But it doesn't. Yeah. And they end up all running and I'm just like, okay, what am I missing here? Everything I know should be right here. It could be simply arrow. You know, it could be the underbody arrow is not working the way we hoped or something along those lines or there's a very popular consensus out there. It was like just give it a thousand horsepower and it'll fix itself, right? I know I say that facetiously sometimes. And I know fans, it's an easy you want a ton of engagement and likes on Twitter, just put a thousand more star picks and everything. And I've been guilty of that. And I do agree. As a race car driver, just give me a thousand horsepower. I'll figure it out. That's going to be awesome. Is that ultimate fix financially and all the things that go into that with engines, I don't know, probably not. But I don't even know if that's the fix. If you just gave these things a thousand horsepower, does that just instantly create that wheel spin and issue? I don't know. But just are correct, some conventional wisdom that was out there. It's not because these cars drive too well or have too much grip. I think that's just not that. I just don't see that. I don't see that. You know, I drove one at gateway, which involved heartbreaking to turn one. And the braking could be some of it that's like, it's still heavy car. There's a long break. I mean, that's one thing. This car came online this year. I think there was a lot of people that were like, oh, the braking zones will be way shorter and it sort of thing. They are some places. Some places, I'm like, these are exactly the same length, which is wild, right? But it's just because it's a big heavy car. All right, I want to get to a round of 8 preview, but before we go there, obviously there was a lot of talk about NASCAR financials. In the news this past week with some representatives of teams in the race team alliance coming out and saying that they were pretty far apart with NASCAR in terms of their share of the pie with TV rights negotiations set to begin and a new deal coming in 2025. So with that as the backdrop Parker news today from Formula One, I'm just going to go to the story we have on NBC sports dot com, where Formula One team Red Bull, which won the championship last year, was ruled to have breached F one budget regulations last season was guilty of minor overspending according to the FIA,
The Final Lap
"race team alliance" Discussed on The Final Lap
"The night. And then in the closing pit stop, Adam Cabot pitted a little early or a little late, so he had fresh retires down the stretch and passed David with a few laps to go. But man, it was good. It was a good, it was a good event. And we're coming back for another championship next year. We're going to run with David shield house again and try to get that pretty awesome. And if people only realize this whole huge massive Toby Christie dot com conglomerate is done in that little room that you're in there. Yeah, I know. That's the thing. It all comes out of here and it's pretty interesting. But no, that was a really cool event. It was really awesome to support David shield house and everything he's done for us this year. Congratulations to Adam Cabot. Well earned championship there. So it was a fun event. Ryan Vargas was in the championship four. He had some fuel issues during the race and Colin fern, the general manager of Brandon Brandon Brown's team over there. Brandon built motor sports was also the championship for. So it was a fun event. You are just in the thick of it all there. It's great. Yeah, I mean dude, it was a who's who list of who was there. I mean, literally it was a great networking event. If you think about going to it next year just for that aspect, it's worth it. A lot of people there. Got to meet Brad Perez in person, finally, we hugged. We shared pleasantries. It was a good time. Did you get a T-shirt yet that says I'm Toby Christie? I need to get that word. It has my logo that above it. I am Toby from Toby Chris dot com or something. Right. Yeah, I need to do that. So we'll get that eventually, but now it was really cool. It was a fun event and they pulled it off perfectly for the first live event. That is very cool. Very cool. Let's do some news of the week from Toby Christie dot com. We got to begin with our clash winner who is now another new father, or he's a new father again, or for the third time over. Yes. Yes. Another kid popped out. Yeah, Joey Logano, it was funny during his victory interview. He was like, well, I guess tomorrow I'm gonna be having a kid. I mean, my wife will be having a kid, but I'll be there, so yeah. Wow. So yeah, third one for them. That Logano family is growing quickly, isn't it? There's going to be lugano's and NASCAR for a long time to come, I guess. For decades and decades and decades to come and that's awesome. That's exciting. Lots of Logano's. Yes, all of the logo. How about this, the RTA, the race team alliance is partnering with candy digital carry for their own new line of candy racing NFTs. Um, that sounds delicious. Something. I guess, yeah. So what these are, candy? NFTs? Well, so it's not real. So that's the name of the company is candy. The NFTs themselves are actually really spiffy and cool. They're gonna start, they drop on the 15th, and you can buy them all the way up till the 20th. So the day of the Daytona 500, they're gonna be 23 of them. And it's all the RTA teams with their team's 2022 Daytona 500 paint schemes. So it's a digital car, kind of like a digital die cast that spins around with the paint scheme. And then it starts dissecting the car and shows you all the different components of the new next gen car..
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"Show where we explore the big money issues in the world of sports Michael Barnes I'm scarlet boo And I'm Mike lynch And let's continue our conversation now with candy digital CEO Scott lowen Candy is Major League Baseball and the race team alliance official partner for NFTs and collectibles Scott okay now this is what I want to make a bundle of money here So lynchy Scarlett and I and we're going to do an NFT And it's going to be the one where I'm in the baby schnucks costume So I'm in the baby schnucks costume And we take this shot and we licensed it And then someone says just get the baby schnucks one with bar and all the other stuff And the guy said yeah listen I copied it from here or there Well that's a no no because it's license How do you crack down on people who are trying to scam the system It's definitely something that we think about and pay attention to One of the beauties of this space is that creating an NFT is really easy You could take that photo you could mint it as an NFT You could put it up for sale And make it available The challenge as you point out is someone could take that same picture make a jpeg copy of it and put it up as well And so what has happened in the community and we police it and our partners police it is if there is a product out there that's unofficial not licensed a copycat et cetera we'll reach out to the platform that's posting it or we'll reach out to the place where it's made available for sale and generally speaking they're going to bring that down That's not unlike making copycats of t-shirts or hats or anything else This just happens to be digital rather than physical and frankly much easier to track down So I like what you said about how creating the NFT is simple Let's say there is massive demand for Barr lynch and my NFT And we decide to do a couple of them And there's still so much demand that people are buying and selling They're basically trading this NFT on your platform and you're secondary marketplace I know that when you were at fortress investment group you were the COO of the liquid markets That part of the business How do you ensure there's liquidity How do you ensure that there are enough buyers and sellers matching up and there is an imbalance there Yeah it's a great question I mean we certainly give with my background in financial services I spent a lot of time thinking about how marketplaces develop The interesting thing about NFTs is because they are non fungible It's a different liquidity profile than something that's fungible Bitcoin and Ethereum are fungible assets dollars or fungible assets And so liquidity there is important These are NFTs are unique assets So there isn't necessarily the idea of a two sided market They're available for sale and they're available People will pay what they think they are worth And so our job as a marketplace provider is to provide information provide transaction services and make sure that the pipes run smoothly but ultimately it's the buyers and sellers who are going to decide whether something will trade or not trade and at what price Scott this might be a loaded question What did the pandemic do for the collectibles business Turbocharged it I think as people got their heads around the idea that they were going to be locked down for a while You found a lot of folks who made their way up to the attic or down to the basement dusted off what they had took their cards out of boxes opened up the Internet and said hey holy cow there's I've got something here that is actually worth something quite a bit more than I may have thought There was an explosion in physical collectibles Particularly with the grading companies the backlogs to get a physical baseball card graded went from weeks to months to almost a year And that was one of the things frankly that drove more people to look into digital collectibles They kind of caught that bug again Folks my age in their 40s and 50s who were active as kids who said hey wait a second I used to love doing that And now there's this new robust marketplace across physical and digital It kind of brought the excitement and that sort of childhood activity back for a lot of folks But if the pandemic turbocharged sports collectibles and the industry there do you worry that demand will start plateauing or even tapering off when we get to a more manageable siege of the pandemic I don't think so I think the pandemic was about people rediscovering physical collectibles What's happening in digital collectibles is a much bigger change as people start to understand what are blockchain assets what does it mean to have a unique ownership of a digital asset And how does that not just function as a collectible but function as an access token or utility token So if you collect one of our candy collectibles it isn't just going to look great on your phone or your computer it may be that when you go to the stadium to watch the game you get any unique opportunity because you're an owner of the mets stadium series collectible Or at the beginning of the season you have an opportunity to buy a new NFT or win a new NFT because you've collected a certain number of players on a particular team And so I think what people are excited about is the fact that this space isn't going to go away The technology is really new and it's just going to become more and more interesting over time Okay Barr has a baseball card that he tucked away in a book a long time ago that his father throughout Let's just say for some reason he managed to find that Is there relationship between the price of that car That physical card and these digital assets what does that relationship look like and how do you see that playing out Yeah it's a great question The answer is not yet But certainly as we think about creating digital assets we are working with Major League Baseball to kind of look back historically and highlight some of the most important players in the game Some of those will be brand new digital collectibles based on those players but there's also an opportunity to take some of those physical collectibles and create a digital version of those But that's on the road map not available quite yet Candy digital CEO Scott laughing Thank you so much for joining us sir Absolutely Have a great day Appreciate it It's got a lot one but he is really a very interesting man and listening to how he is bringing the NFT business to the forefront Yeah he explained it really well I'm not sure I buy it completely yet in terms of I don't know if I see the utility or the value in having an authenticated version of the picture of you lynch and me versus a picture of it on my iPhone which I think is good enough Yeah I agree His business happened to be one of the beneficiaries as he said of the pandemic that it was turbo charged people were cleaning out their houses They were home with nothing.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"We are exploring the big money issues in the world of sports I like to work I'm scarlet fu And I'm Mike lynch And let's continue our conversation now with candy digital CEO Scotland Candy is Major League Baseball and the race team alliances official partner for NFTs and collectibles And I got to bring up a quote that Dallas Mavericks owner Mark Cuban recently made And he said the fact that you can take a digital file audio video picture whatever not only minted to sell it but also attach royalties to it And when he said that I'm like wow you've made perfect sense to an old guy like me but we kind of touched on it a little earlier Can you expand more on Mark Cuban's comment Yes I think what Mark is talking about is both from the creator side as well as from the license side And so if you think about kind of dialing it back the promise of what we call web three and blockchain technology if you're a creator of an asset let's just say you're an artist You paint your painting you sell it Hopefully you get a good price for it And then 30 years later it's worth a $1 million That artist doesn't see any of that along the way every time it trades hands When you move into the world of digital assets in blockchain blockchain NFTs are minted with what's called a smart contract And in that smart contract there's a royalty structure And generally speaking the way the royalty structure works is that every time that asset trades hands there's a royalty that flows back to the creator or to the licenser So now as a digital artist not only are you selling your digital art for a $100 or a $1000 but every time that trades and changes hands over time you're getting a bit of that royalty as the price appreciates And so it really puts a tremendous amount of power sort of back in the hands of creators and IP owners So with our partnership with Major League Baseball every time we sell an NFT we share in the royalties because we use their marks and we use the name and image and lightness of the players through the Players Association but then as those assets change hands over time there's a royalty stream there in perpetuity as well So it's really an exciting business model for creators and licenses What about the future professional athletes the college athletes Are they creators Are they IP owners here Absolutely So yes obviously there was a significant change last year in the NIL laws candy was really the first company to put out a project focused on college student athletes We call it our sweet futures product line And the first iteration of that was we worked with 22 of the top college football players And the thesis around that was really creating their first collectible This was their first trading card But it wasn't a physical card It's a digital card And so back to what we chatted about a little bit earlier we created three different versions of that One of them was just a digital collectible One of them was one that had a physical item associated with it and one of it was an auction that included a video chat with the player So part of the excitement of this space is not just a new series of collectibles but it's actually ways to connect the athletes directly with their fans whether it's sort of one to one or through information or conversation Scott who makes up your client list Are they investors Are they collectors Are they curiosity seekers How they crypto maniacs Who are they All of the above I think you must have read our pitch deck Our community kind of first and foremost lives in the world of Discord Discord has kind of become the online space the online chat room for folks who are interested in digital asset projects And we have a pretty broad list of folks who are interested We have folks who are traditional sports fans traditional baseball fans collectors of physical memorabilia who have kind of woken up to this new space And are involved I had a great conversation with one of them who'd been 60 year old collector had a monster collection He focused on some of the early baseball cards that tobacco cards The honus Wagner is the world you said you know if I could take a time machine and go back a hundred years knowing what I know now and have collected all those I would have done very well for myself And I see NFTs is basically being at the beginning of that journey And so he's excited about that space We have crypto native folks who love blockchain love the idea of decentralized ownership and love baseball They're super excited We're giving them two things they love and bringing them together And then we have folks who are curious Part of candy's thesis is you don't need to know anything about blockchain or have a digital wallet or own any Bitcoin You got to show up with an email on a credit card and you can own your first digital asset And so a large percentage of our customers who are folks who are coming into this space and owning their first NFT in their first digital asset of what will hopefully be a long journey Up next on the show stay tuned for more of our conversation with candy digital CEO Scott lowen That's.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"About the next generation digital assets We're joined by candy digital CEO Scott lowen candy digital is Major League Baseball and the race team alliance is official partner for NFTs and collectible Scott Welcome to the show Thanks so much really happy to be here Okay so here I go Old man bar I have to be honest When I wrote the original promo for the show my first line in there was you about to get with the times if you don't know what an NFT is That's me So what makes this so big with NFTs So NFTs have been around for quite a while actually sort of 2017 was regarded as kind of the first NFTs that were in the marketplace But the technology and the market for collectibles that are digital only had largely been limited to the crypto community And so what changed in 2021 was I would say two or three things One a tremendous explosion in the issuance and volume of non fungible tokens Two the crossover from the crypto community into the mainstream community and then three I would say the strategic shift of all of the content and IP owners to really look at this technology and say hey how does this change the game for us in terms of creating product and connecting with our customers How did you hook up with Major League Baseball Because your distinction here is that you're the partner of MLB and the race team alliance So you have access to authentic collectibles How did that partnership come about So that's really the way that we built the business Candy digital was formed as a joint venture between fanatics and galaxy digital So kind of a premier merchant bank and the blockchain and crypto space Mike Novak's galaxy digital Exactly Mike's my old business partner And so and we've teamed up with Michael Rubin and fanatics leaving ecommerce platform in sports and the thesis here was to say how do we take the technology of blockchain distributed ledger which largely is in the cryptocurrency world and the decentralized finance world And how do we bring it out into mass market Best way to do that is through content and looking at the various content verticals whether it's art music sports et cetera sports was the one we leaned into Billions of global fans passionate fan communities and a sports collectibles business not just the dusty baseball cards but sports memorabilia and things like that That's obviously decades old and had kind of been turbocharged during the lockdown as people went up into their attics and sort of saw what they had And so we really thought about how do you evolve the idea of a collectible whether it's a trading card whether it's a signed football whether it's a ticket stub and how do you utilize the technology that's provided by an NFT and an NFT is essentially just a unique ownership of a digital asset that's authenticated and bring that out to folks in a way that's collectible meaningful and can change over time We told that story we looked at where we saw the marketplace was going and we reached out to the folks at Major League Baseball Probably one of the most technologically forward of the leagues in terms of what they had done in the media side and also had done some early stuff in blockchain And really pitched the idea of building a partnership together around this technology and that was that was really the advent of our deal with them and kind of the kick-off to candy's business early in 2021 So Scott this is Mike up in Boston Major League Baseball more than any other sport has a rich history of collectibles baseball cards autographed baseballs bats uniforms such as a ticket stubs What is the next generation looking for In terms of collections through NFTs Yeah So we really rely on that idea of a collectible something that scares something that's valuable something that represents an important moment or an important player And we try to marry it with the new technology So the first product that can be put out was actually a commemorative NFT of the famous Lou Gehrig luckiest man speech And there's a little bit of poetry there You take one of the key moments in baseball and I'd say even American history and you marry it with new technology on the blockchain And so we created a digital bust of Lou We minted that famous speech We did that as a one of one auction and actually raised a bunch of money for ALS charities So prove that there's a way to have a positive impact through these products as well But that was kind of our introduction to the space As we've moved forward and launched a series of products really what we're doing is we're evolving some of those traditional collectibles So if you think about the trading card we think of trading card one as the cardboard We think of trading card two as the digital picture of the cardboard and we think about trading card three is what candies creating And so what we're doing is we're taking all of the digital assets that MLB has whether those are photographs video images motion graphics sound digital signatures and creating a digital product that combines that in a new and exciting way And then layering on top of that utility in gamification And so the utility element of it are dynamic statistics So for folks who are going to be collecting our next series of cards in 2022 if you have the Fernando tatis card.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"Now a global news update the UK is wearing Russia they'll face severe economic sanctions if it doesn't stall a puppet regime in Ukraine Britain's deputy prime minister making that threat this morning on Sky News last night the UK accused Moscow of trying to install a pro Russian leader in Ukraine The Russian foreign ministry says it's Britain and NATO who are escalating tensions with Ukraine A New York City police officer is fighting for his life after being shot in an ambush that killed another officer Officers wilbert Mora and Jason Rivera were shot Friday night while responding to a domestic dispute in Harlem officer Rivera was killed more a critically injured a wildfire burning on the coast of California is now destroyed over a thousand acres near Big Sur Friday night hundreds were forced to evacuate in Monterey county authorities had to shut down highway one and they had to call in a snake Wrangler to pull out dozens of snakes from a house in Maryland where a man was found dead this week at least a 124 states have been removed so far from the home in pomfret I'm Scott Carr This is Bloomberg business of sports with Michael Barr scarlet fu and Mike lynch from Bloomberg radio This is the Bloomberg business of sports show where we explore the big money issues in the world of sports and Michael I'm scarlet fu And I'm Mike lynch And let's continue our conversation now with candy digital CEO Scott laughing Candy is Major League Baseball and the race team alliance official partner for NFTs and collectibles Scott okay now this is what I want to make a bundle of money here So lynchy Scarlett and I and we're going to do an NFT And it's going to be the one where I'm in the baby schnucks costume So I'm in the baby schnucks costume And we take this shot and we licensed it And then someone says just get the baby schnitz one with bar and all the other stuff And the guy said yeah listen I copied it from here or there Well that's a no no because it's licensed How do you crack down on people who are trying to scam the system It's definitely something that we think about and pay attention to One of the beauties of this space is that creating an NFT is really easy You could take that photo you could mint it as an NFT You could put it up for sale And make it available The challenge as you point out is someone could take that same picture make a jpeg copy of it and put it up as well And so what has happened in the community and we police it and our partners police it is if there is a product out there that's unofficial not licensed a copycat et cetera we'll reach out to the platform that's posting it or we'll reach out to the place where it's made available for sale and generally speaking they're going to bring that down That's not unlike making copycats of t-shirts or hats or anything else is just happens to be digital rather than physical and frankly much easier to track down So I like what you said about how creating the NFT is simple Let's say there is massive demand for Barr lynchy and my NFT And we decide to do a couple of them And there's still so much demand that people are buying and selling They're basically trading this NFT on your platform and secondary marketplace I know that when you were at fortress investment group you were the COO of liquid markets That part of the business How do you ensure there's liquidity How do you ensure that there are enough buyers and sellers matching up And there is an imbalance there Yes it's a great question We certainly give with my background in financial services I spent a lot of time thinking about how marketplaces develop The interesting thing about NFTs is because they are non fungible It's a different liquidity profile than something that's fungible right Bitcoin and Ethereum are fungible assets dollars or fungible assets And so liquidity there is important These are NFTs are unique assets So there isn't necessarily the idea of a two sided market They're available for sale and they're available People will pay what they think they are worth And so our job as a marketplace provider is to provide information provide transaction services and make sure that the pipes run smoothly but ultimately it's the buyers and sellers who are going to decide whether something will trade or not trade and at what price Scott this might be a loaded question What did the pandemic do for the collectibles business It turbocharged it I think as people got their heads around the idea that they were going to be locked down for a while You found a lot of folks who made their way up to the attic or down to the basement dusted off what they had took their cards out of boxes opened up the Internet and said hey holy cow there's I've got something here that is actually worth something quite a bit more than I may have thought There was an explosion in physical collectibles Particularly with the grading companies the backlogs to get a physical baseball card graded went from weeks to months to almost a year And that was one of the things frankly that drove more people to look into digital collectibles They kind of caught that bug again Folks my age in their 40s and 50s who were active as kids you said hey wait a second I used to love doing that And now there's this new robust marketplace across physical and digital It kind of brought the excitement in that sort of childhood activity back for a lot of folks But if the pandemic turbocharged sports collectibles and the industry there do you worry that demand will start plateauing or even tapering off when we get to a more manageable siege of the pandemic I don't think so I think the pandemic was about people rediscovering physical collectibles What's happening in digital collectibles is a much bigger change as people start to understand what are blockchain assets what does it mean to have a unique ownership of a digital asset And how does that not just function as a collectible but function as an access token or utility token So if you collect one of our candy collectibles it isn't just going to look great on your phone or your computer it may be that when you go to the stadium to watch the game you get in the unique opportunity because you're an owner of the mets stadium series collectible Or at the beginning of the season you have an opportunity to buy a new NFT or win a new NFT because you've collected a certain number of players on a particular team And so I think what people are excited about is the fact that this space isn't going to go away The technology is really new and it's just going to become more and more interesting over time Okay Barr has a baseball card that he tucked away in a book a long time ago that his father throughout Let's just say for some reason he managed to find that Is there relationship between the price of that car That physical card and these digital assets what does that relationship look like and how do you see that playing out Yeah it's a great question The answer is not yet But certainly as we think about creating digital assets we are working with Major League Baseball to kind of look back historically and highlight some of the most important players in the game Some of those will be brand new digital collectibles based on those players but there's also an opportunity to take some of those physical collectibles and create a digital version of those But that's on the road map not available quite yet Candy digital CEO Scott laughing Thank you so much for joining us sir Absolutely Have a great day Appreciate it It's got a long one but he is really a very interesting man and listening to how he is bringing the NFT business to the forefront Yeah he explained it really well I'm not sure I buy it completely yet in terms of I don't know if I see the utility or the value in having an authenticated version of the picture of you lynch and me versus a picture of it on my iPhone which I think is good enough Yeah I agree His business happened to be one of the beneficiaries as he said of the pandemic that there was turbo charged people were cleaning out their houses They were home with nothing.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"We are exploring the big money issues the world of sports I'd like to learn I'm scarlet fu And I'm Mike lynch And let's continue our conversation now with candy digital CEO Scott lauan Candy is Major League Baseball and the race team alliance is official partner for NFTs and collectibles And I got to bring up a quote that Dallas Mavericks owner Mark Cuban recently made And he said the fact that you can take a digital file audio video picture whatever and not only minted to sell it but also attach royalties to it And when he said that I'm like wow you made perfect sense to an old guy like me but we kind of touched on it a little earlier Can you expand more on Mark Cuban's comment Yes I think what Mark is talking about is both from the creator side as well as from the licensor side And so if you think about kind of dialing it back the promise of what we call web three in blockchain technology if you're a creator of an asset let's just say you're an artist You pinch your painting you sell it Hopefully you get a good price for it And then 30 years later it's worth $1 million That artist doesn't see any of that along the way every time it trades hands When you move into the world of digital assets and blockchain blockchain NFTs are minted with what's called a smart contract And in that smart contract there's a royalty structure And generally speaking the way the royalty structure works is that every time that asset trades hands there's a royalty that flows back to the creator or to the licenser So now as a digital artist not only are you selling your digital art for a $100 or a $1000 but every time that trades and changes hands over time you're getting a bit of that royalty as the price appreciates And so it really puts a tremendous amount of power sort of back in the hands of creators and IP owners So with our partnership with Major League Baseball every time we sell an NFT we share in the royalties because we use their marks and we use the name and image and likeness of the players through the Players Association but then as those assets change hands over time there's a royalty stream there in perpetuity as well So it's really an exciting business model for creators and licenses What about the future professional athletes the college athletes Are they creators Are they IP owners here Absolutely So obviously there was a significant change last year in the NIL laws candy was really the first company to put out a project focused on college student athletes We call it our sweet futures product line And the first iteration of that was we worked with 22 of the top college football players And the thesis around that was really creating their first collectible This was their first trading card But it wasn't a physical card It's a digital card And so back to what we chatted about a little bit earlier we created three different versions of that One of them was just a digital collectible One of them was one that had a physical item associated with it And one of it was an auction that included a video chat with the player So part of the excitement of this space is not just a new series of collectibles but it's actually ways to connect the athletes directly with their fans whether it's sort of one to one or through information or conversation Scott who makes up your client list Are they investors Are they collectors Are they curiosity seekers Are they crypto maniacs Who are they All of the above I think you must have read our pitch deck Our community kind of first and foremost lives in the world of Discord Discord has kind of become the online space the online chat room for folks who are interested in digital asset projects And we have a pretty broad list of folks who are interested We have folks who are traditional sports fans traditional baseball fans collectors of physical memorabilia who have kind of woken up to this new space And are involved I had a great conversation with one of them who'd been a 60 year old collector had a monster collection He focused on some of the early baseball cards that tobacco cards the honus wagners the world He said you know if I could take a time machine and go back a hundred years knowing what I know now and have collected all those I would have done very well for myself And I see NFTs is basically being at the beginning of that journey And so he's excited about that space We have crypto native folks who love blockchain love the idea of decentralized ownership and love baseball They're super excited We're giving them two things they love and bringing together And then we have folks who are curious Part of candy's thesis is you don't need to know anything about blockchain or have a digital wallet or own any Bitcoin You got to show up with an email on a credit card and you can own your first digital asset And so a large percentage of our customers who are folks who are coming into this space and owning their first NFT in their first digital asset of what will hopefully be a long journey Up next on the show stay tuned for more of our conversation with candy digital CEO Scott Laurent That straight ahead.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"Dusty old baseball cards We're talking about the next generation digital assets We're joined by candy digital CEO Scott lowland candy digital is Major League Baseball and the race team alliance's official partner for NFTs and collectible Scott Welcome to the show Thanks so much really happy to be here Okay so here I go Old man bar I have to be honest When I wrote the original promo for the show my first line in there was you about to get with the times if you don't know what an NFT is That's me So what makes this so big with NFTs So NFTs have been around for quite a while actually sort of 2017 was regarded as kind of the first NFTs that were in the marketplace But the technology and the market for collectibles that are digital only had largely been limited to the crypto community And so what changed in 2021 was I would say two or three things One a tremendous explosion in the issuance and volume of non fungible tokens Two the crossover from the crypto community into the mainstream community and then three I would say the strategic shift of all of the content and IP owners to really look at this technology and say hey how does this change the game for us in terms of creating product and connecting with our customers How did you hook up with Major League Baseball Because your distinction here is that you're the partner of MLB and the race team alliance So you have access to authentic collectibles How did that partnership come about So that's really the way that we built the business Candy digital was formed as a joint venture between fanatics and galaxy digital So kind of the premier merchant bank and the blockchain and crypto space Mike Novak's galaxy digital Exactly Mike's my old business partner And so and we've teamed up with Michael Rubin at fanatics leading ecommerce platform in sports in the thesis here was to say how do we take the technology of blockchain distributed ledger which largely is in the cryptocurrency world and the decentralized finance world And how do we bring it out into mass market Best way to do that is through content and looking at the various content verticals whether it's art music sports et cetera sports was the one we leaned into Billions of global fans passionate fan communities and a sports collectibles business not just the dusty baseball cards but sports memorabilia and things like that That's obviously decades old and had kind of been turbocharged during the lockdown is people went up into their attics and sort of saw what they had And so we really thought about how do you evolve the idea of a collectible whether it's a trading card whether it's a signed football whether it's a ticket stub and how do you utilize the technology that's provided by an NFT and an NFT is essentially just a unique ownership of a digital asset that's authenticated and bring that out to folks in a way that's collectible meaningful and can change over time We told that story we looked at where we saw the marketplace was going and we reached out to the folks at Major League Baseball Probably one of the most technologically forward of the leagues in terms of what they've done in the media side and also had done some early stuff in blockchain And really pitched the idea of building a partnership together around this technology and that was that was really the advent of our deal with them and kind of the kick-off to candy's business early in 2021 So Scott this is Mike up in Boston Major League Baseball more than any other sport has a rich history of collectibles baseball cards autographed baseballs bats uniforms such as had ticket stubs What is the next generation looking for and terms of collectors through NFTs Yeah so we really rely on that idea of a collectible something that scares something that's valuable something that represents an important moment or an important player and we try to marry it with the new technology So the first product that can be put out was actually a commemorative NFT of the famous Lou Gehrig Gary luckiest man speech And there's a little bit of poetry there You take one of the key moments in baseball and I'd say even American history And you marry it with new technology on the blockchain And so we created a digital bust of Lou We minted that same as speech We did that as a one of one auction and actually raised a bunch of money for ALS charities So prove that there's a way to have a positive impact through these products as well But that was kind of our introduction to the space As we've moved forward and launched a series of products really what we're doing is we're evolving some of those traditional collectibles So if you think about the trading card we think of trading card one as the cardboard We think of trading card two as the digital picture of the cardboard And we think about trading card three is what candies creating And so what we're doing is we're taking all of the digital assets that MLB has whether those are photographs video images motion graphics sound digital signatures and creating a digital product that combines that in a new and exciting way And then layering on top of that utility in gamification And so the utility element of it are dynamic statistics So for folks who are going to be collecting our next series of cards in 2022 if you have the Fernando tatis card.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"And Michael Barnes I'm scarlet poo And I'm Mike lynch And let's continue our conversation now with candy digital CEO Scott lowland candy is Major League Baseball and the race team alliance official partner for NFTs and collectibles Scott okay now this is what I want to make a bundle of money here So lynchy Scarlett and I and we're going to do an NFT And it's going to be the one where I'm in the baby schnucks costume So I'm in the baby snooks costume and we take this shot and we licensed it And then someone says you get the baby schnitzel with bar and all the other stuff and the guy said yeah listen I copied it from here or there Well that's a no no because it's license How do you crack down on people who are trying to scam the system It's definitely something that we think about and pay attention to One of the beauties of this space is that creating an NFT is really easy You could take that photo You could mint it as an NFT You could put it up for sale And make it available The challenge as you point out is someone could take that same picture make a jpeg copy of it and put it up as well And so what has happened in the community and we police it and our partners police it is if there is a product out there that's unofficial not licensed a copycat et cetera we'll reach out to the platform that's posting it or we'll reach out to the place where it's made available for sale and generally speaking they're going to bring that down That's not unlike making copycats of t-shirts or hats or anything else This just happens to be digital rather than physical And frankly much easier to track down So I like what you said about how creating the NFT is simple Let's say there is massive demand for Barr lynch and my NFT And we decide to do a couple of them And there's still so much demand that people are buying and selling They're basically trading this NFT on your platform and you're secondary marketplace I know that when you were at fortress investment group you were the COO of the liquid markets That part of the business How do you ensure there's liquidity How do you ensure that there are enough buyers and sellers matching up And there is an imbalance there Yes it's a great question We certainly give with my background in financial services I spent a lot of time thinking about how marketplaces develop The interesting thing about NFTs is because they are non fungible It's a different liquidity profile than something that's fungible right Bitcoin and Ethereum are fungible assets dollars or fungible assets And so liquidity there is important These are NFTs are unique assets So there isn't necessarily the idea of a two sided market They're available for sale and they're available People will pay what they think they are worth And so our job as a marketplace provider is to provide information provide transaction services and make sure that the pipes run smoothly but ultimately it's the buyers and sellers who are going to decide whether something will trade or not trade and at what price Scott this might be a loaded question What did the pandemic do for the collectibles business Turbocharged it I think as people got their heads around the idea that they were going to be locked down for a while You found a lot of folks who made their way up to the attic or down to the basement dusted off with the head to their cards out of boxes opened up the Internet and said hey holy cow there's I've got something here that is actually worth something quite a bit more than I may have thought There was an explosion in physical collectibles Particularly with the grading companies the backlogs to get a physical baseball card graded went from weeks to months to almost a year And that was one of the things frankly that drove more people to look into digital collectibles They kind of caught that bug again They folks my age in their 40s and 50s who were active as kids You said hey wait a second I used to love doing that And now there's this new robust marketplace across physical and digital It kind of brought the excitement in that sort of childhood activity back for a lot of folks But if the pandemic turbocharged sports collectibles and the industry there do you worry that demand will start plateauing or even tapering off when we get to a more manageable siege of the pandemic I don't think so I think the pandemic was about people rediscovering physical collectibles What's happening in digital collectibles is a much bigger change as people start to understand what are blockchain assets what does it mean to have a unique ownership of a digital asset And how does that not just function as a collectible but function as an access token or utility token So if you collect one of our candy collectibles it isn't just going to look great on your phone or your computer it may be that when you go to the stadium to watch the game you get in the unique opportunity because you're an owner of the mets stadium series collectible Or at the beginning of the season you have an opportunity to buy a new NFT or win a new NFT because you've collected a certain number of players on a particular team And so I think what people are excited about is the fact that this space isn't going to go away The technology is really new and it's just going to become more and more interesting over time Okay Barr has a baseball card that he tucked away in a book a long time ago that his father throughout Let's just say for some reason he managed to find that Is there a relationship between the price of that car that physical card and these digital assets What does that relationship look like and how do you see that playing out Yeah it's a great question The answer is not yet But certainly as we think about creating digital assets we are working with Major League Baseball to kind of look back historically And highlight some of the most important players in the game.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"I'm Mike lynch And let's continue our conversation now with candy digital CEO Scott Candy is Major League Baseball and the race team alliance is official partner for NFTs and collectibles And I got to bring up a quote that Dallas Mavericks owner Mark Cuban recently made And he said the fact that you can take a digital file audio video picture whatever not only minted to sell it but also attach royalties to it And when he said that I'm like wow you've made perfect sense to an old guy like me but we kind of touched on it a little earlier Can you expand more on Mark Cuban's comment Yes I think what Mark is talking about is both from the creator side as well as from the license side And so if you think about kind of dialing it back the promise of what we call web three and blockchain technology if you're a creator of an asset let's just say you're an artist You pinch your painting you sell it Hopefully you get a good price for it And then 30 years later it's worth a $1 million That artist doesn't see any of that along the way every time it trades hands When you move into the world of digital assets and blockchain blockchain NFTs are minted with what's called a smart contract And in that smart contract there's a royalty structure And generally speaking the way the royalty structure works is that every time that asset trades hands there's a royalty that flows back to the creator or to the licenser So now as a digital artist not only are you selling your digital art for a $100 or a $1000 but every time that trades and changes hands over time you're getting a bit of that royalty as the price appreciates And so it really puts a tremendous amount of power sort of back in the hands of creators and IP owners So with our partnership with Major League Baseball every time we sell an NFT we share in the royalties because we use their marks and we use the name and image and likeness of the players through the Players Association but then as those assets change hands over time there's a royalty stream there in perpetuity as well So it's really an exciting business model for creators and licenses What about the future professional athletes the college athletes Are they creators Are they IP owners here Absolutely So obviously there was a significant change last year in the NIL laws candy was really the first company to put out a project focused on college student athletes We call it our sweet futures product line And the first iteration of that was we worked with 22 of the top college football players And the thesis around that was really creating their first collectible This was their first trading card But it wasn't a physical card It's a digital card And so back to what we chatted about a little bit earlier we created three different versions of that One of them was just a digital collectible One of them was one that had a physical item associated with it and one of it was an auction that included a video chat with the player So part of the excitement of this space is not just a new series of collectibles but it's actually ways to connect the athletes directly with their fans whether it's sort of one to one or through information or conversation Scott who makes up your client list Are they investors Are they collectors Are they curiosity seekers How they crypto maniacs Who are they All of the above I think you must have read our pitch deck Our community kind of first and foremost lives in the world of Discord Discord has kind of become the online space the online chat room for folks who are interested in digital asset projects And we have a pretty broad list of folks who are interested We have folks who are traditional sports fans traditional baseball fans collectors of physical memorabilia who have kind of woken up to this new space And are involved I had a great conversation with one of them who'd been 60 year old collector had a monster collection He focused on some of the early baseball cards that tobacco cards the honus wagners of the world He said you know if I could take a time machine and go back a hundred years knowing what I know now and have collected all those I would have done very well for myself And I see NFTs is basically being at the beginning of that journey And so he's excited about that space We have crypto native folks who love blockchain love the idea of decentralized ownership and love baseball They're super excited We're giving them two things they love and bringing them together And then we have folks who are curious Part of candy's thesis is you don't need to know anything about blockchain or have a digital wallet or own any Bitcoin You got to show up with an email on a credit card and you can own your first digital asset And so a large percentage of our customers who are folks who are coming into this space and owning their first NFT in their first digital asset of what will hopefully be a long journey Up next on the show stay tuned for more of our conversation with candy digital CEO Scott Laurent That's straight ahead on Bloomberg business of sports I'm Michael Barr you can follow me on Twitter at big bar sports.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"Not those dusty old baseball cards We're talking about the next generation digital assets We're joined by candy digital CEO Scott lowen Candy digital is Major League Baseball and the race team alliance is official partner for NFTs and collectible Scott Welcome to the show Thanks so much really happy to be here Okay so here I go Old man bar I have to be honest When I wrote the original promo for the show my first line in there was you about to get with the times if you don't know what an NFT is That's me So what makes this so big with NFTs So NFTs have been around for quite a while actually sort of 2017 was regarded as kind of the first NFTs that were in the marketplace But the technology and the market for collectibles that are digital only had largely been limited to the crypto community And so what changed in 2021 was I would say two or three things One a tremendous explosion in the issuance and volume of non fungible tokens Two the crossover from the crypto community into the mainstream community and then three I would say the strategic shift of all of the content and IP owners to really look at this technology and say hey how does this change the game for us in terms of creating product and connecting with our customers How did you hook up with Major League Baseball Because your distinction here is that you're the partner of MLB and the race team alliance So you have access to authentic collectibles How did that partnership come about So that's really the way that we built the business candy digital was formed as a joint venture between fanatics and galaxy digital So kind of a premier merchant bank and the blockchain and crypto space Like an overgrown galaxy digital Exactly Mike's my old business partner And so and we've teamed up with Michael Rubin at fanatics leaving ecommerce platform in sports and the thesis here was to say how do we take the technology of blockchain distributed ledger which largely is in the cryptocurrency world and the decentralized finance world and how do we bring it out into mass market Best way to do that is through content and looking at the various content verticals whether it's art music sports et cetera sports was the one we leaned into Billions of global fans passionate fan communities and a sports collectibles business not just the dusty baseball cards but sports memorabilia and things like that That's obviously decades old and has kind of been turbocharged during the lockdown as people went up into their attics and sort of saw what they had And so we really thought about how do you evolve the idea of a collectible whether it's a trading card whether it's a signed football whether it's a ticket stub and how do you utilize the technology that's provided by an NFT and an NFT is essentially just a unique ownership of a digital asset that's authenticated and bring that out to folks in a way that's collectible meaningful and can change over time We told that story we looked at where we saw the marketplace was going and we reached out to the folks at Major League Baseball Probably one of the most technologically forward of the leagues in terms of what they've done in the media side and also had done some early stuff in blockchain And really pitched the idea of building a partnership together around this technology and that was that was really the advent of our deal with them and kind of the kick-off to candy's business early in 2021 So Scott this is Mike up in Boston Major League Baseball more than any other sport has a rich history of collectibles baseball cards autographed baseballs bats uniforms which is a ticket stubs What is the next generation looking for and terms of collectors through NFTs Yeah so we really rely on that idea of a collectible something that scares something that's valuable something that represents an important moment or an important player and we try to marry it with the new technology So the first product that can be put out was actually a commemorative NFT of the famous Lou Gehrig luckiest man speech And there's a little bit of poetry there You take one of the key moments in baseball and I'd say even American history And you marry it with new technology on the blockchain And so we created a digital bust of Lou We minted that same as speech We did that as a one of one auction and actually raised a bunch of money for ALS charities So prove that there's a way to have a positive impact through these products as well But that was kind of our introduction to the space As we've moved forward and launched a series of products really what we're doing is we're revolving some of those traditional collectibles So if you think about the trading card we think of trading card one as the cardboard We think of trading card two as the digital picture of the cardboard and we think about trading card three is what candies creating And so what we're doing is we're taking all of the digital assets that MLB has whether those are photographs video images motion graphics sound digital signatures and creating a digital product that combines that in the new and exciting way And then layering on top of that utility and gamification And so the utility element of it are dynamic statistics So for folks who are going to be collecting our next series of cards in 2022 if you have the Fernando tatis.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"Against President Biden's COVID vaccine mandate judge Jeffrey Brown ruled Biden was abusing his authority by requiring federal workers to get the shot The FBI is saying Brian laundry claimed responsibility for killing Gabby patito authorities say the admission was found in a notebook inside a backpack near his body in Florida the 20 year old petito was found dead in September and laundry was found dead weeks later Carnival cruise line is trying an app based verification system for COVID-19 vaccines and negative tests Lisa Taylor reports officials say they'll use verify to allow passengers to confirm the required documentation ahead of sailings The lines current protocols require vaccinations for those eligible as well as COVID-19 tests in onboard mask requirements for indoor spaces The losing streak for Wall Street extends another day the Dow lost 450 points to 34 two 65 I'm Brian schuch And I'm Charlie pellet At Bloomberg world headquarters This was the worst week for the U.S. stock market since the outbreak of the pandemic royal markets The S&P 500 closed below its 200 day moving average this week the S&P was down 5.7% Greg bottle is head of equity and derivative strategy at BNP Paribas So what we've seen at the start of this year is two forces act on equities One is a little bit of disappointment in some of the early reporting We've heard about Netflix the outlook from some of the banks was soggy and the second thing is the rate of the pace of change in real yields If those two things carry on the way they are it's problematic for equities We're more bullish through the back end of the year because we think they want to be NPs Gregg battle Wall Street is looking ahead to next week's fed meeting David Kelly is chief global strategist at JPMorgan asset management The classic Federal Reserve mistake is overreacting late And I think there is a risk that if they know now Titan if we have tighter physical policy at the same time and you've got an economy operating at full employment with very low levels of labor force growth this economy could slow down too much JPMorgan's David Kelly and at BlackRock financial management gargi chattery head of I shares investment strategy America says a half point hike is not in the cards I know that there was a little bit of question and a little bit of anticipation earlier in the market around a 50 basis point hike in March And that just doesn't seem like the type of action that this fed would take They've had plenty of time to prepare the market for such an outcome And they didn't do that Gargi chattery of BlackRock this week NASDAQ was down 7 and a half percent today NASDAQ down three 85 down 2.7% S&P down 84 down 1.9% the Dow down 450 down 1.3% Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg This is Bloomberg business of sports with Michael Barnes Garland fu and Mike lynch from Bloomberg radio Thanks for joining us on the Bloomberg business of sports show We are exploring the big money issues of the world of sports I'd like to learn I'm scarlet phu And I'm Mike lynch And let's continue our conversation now with candy digital CEO Scott lauan Candy is Major League Baseball and the race team alliance is official partner for NFTs and collectibles And I got to bring up a quote that Dallas Mavericks owner Mark Cuban recently made And he said the fact that you can take a digital file audio video picture whatever and not only minted to sell it but also attach royalties to it And when he said that I'm like wow you made perfect sense to an old guy like me but we kind of touched on it a little earlier Can you expand more on Mark Cuban's comment Yeah I think what Mark is talking about is both from the creator side as well as from the licensor side And so if you think about kind of dialing it back the promise of what we call web three and blockchain technology if you're a creator of an asset let's just say you're an artist You paint your painting you sell it Hopefully you get a good price for it And then 30 years later it's worth $1 million That artist doesn't see any of that along the way every time it trades hands When you move into the world of digital assets in blockchain blockchain NFTs are minted with what's called a smart contract And in that smart contract there's a royalty structure And generally speaking the way the royalty structure works is that every time that asset trades hands there's a royalty that flows back to the creator or to the licenser So now as a digital artist not only are you selling your digital art for a $100 or a $1000 but every time that trades and changes hands over time you're getting a bit of that royalty as the price appreciates And so it really puts a tremendous amount of power sort of back in the hands of creators and IP owners So with our partnership with Major League Baseball every time we sell an NFT we share in the royalties because we use their marks and we use the name and image and lightness of the players through the Players Association but then as those assets change hands over time there's a royalty stream there in perpetuity as well So it's really an exciting business model for creators and licenses What about the future professional athletes the college athletes Are they creators Are they IP owners here Absolutely So obviously there was a significant change last year in the NIL laws candy was really the first company to put out a project focused on college student athletes We call it our sweet futures product line And the first iteration of that was we worked with 22 of the top college football players And the thesis around that was really creating their first collectible This was their first trading card But it wasn't a physical card It's a digital card And so back to what we chatted about a little bit earlier we created three different versions of that One of them was just a digital collectible One of them was one that had a physical item associated with it And one of it was an auction that included a video chat with the player So part of the excitement of this space is not just a new series of collectibles but it's actually ways to connect the athletes directly with their fans whether it's sort of one to one or through information or conversation Scott who makes up your client list Are they investors Are they collectors The curiosity seekers are they crypto maniacs Who are they All of the above I think you must have read our pitch deck Our community kind of first and foremost lives in the world of Discord Discord has kind of become the online space the online chat room for folks who are interested in digital asset projects And we have a pretty broad list of folks who are interested We have folks who are traditional sports fans traditional baseball fans collectors of physical memorabilia who have kind of woken up to this new space And are involved I had a great conversation with one.
Bloomberg Radio New York
"race team alliance" Discussed on Bloomberg Radio New York
"Old baseball cards We're talking about the next generation digital assets We're joined by candy digital CEO Scott lowland candy digital is Major League Baseball and the race team alliance is official partner for NFTs and collectible Scott Welcome to the show Thanks so much really happy to be here Okay so here I go Old man bar I have to be honest When I wrote the original promo for the show my first line in there was you about to get with the times if you don't know what an NFT is That's me So what makes this so big with NFTs NFTs have been around for quite a while actually Sort of 2017 was regarded as kind of the first NFTs that were in the marketplace But the technology and the market for collectibles that are digital only had largely been limited to the crypto community And so what changed in 2021 was I would say two or three things One a tremendous explosion in the issuance in volume of non fungible tokens Two the crossover from the crypto community into the mainstream community and then three I would say the strategic shift of all of the content and IP owners to really look at this technology and say hey how does this change the game for us in terms of creating product and connecting with our customers How did you hook up with Major League Baseball Because your distinction here is that you're the partner of MLB and the race team alliance So you have access to authentic collectibles How did that partnership come about So that's really the way that we built the business candy digital was formed as a joint venture between fanatics and galaxy digital So kind of the premier merchant bank and the blockchain and crypto space Mike Novak's galaxy digital Exactly Mike's my old business partner And so and we've teamed up with Michael Rubin at fanatics leaving ecommerce platform in sports and the thesis here was to say how do we take the technology of blockchain distributed ledger which largely is in the cryptocurrency world and the decentralized finance world And how do we bring it out into mass market Best way to do that is through content and looking at the various content verticals whether it's our music sports et cetera sports was the one we leaned into Billions of global fans passionate fan communities and a sports collectibles business not just the dusty baseball cards but sports memorabilia and things like that That's obviously decades old and had kind of been turbocharged during the lockdown as people went up into their attics and sort of saw what they had And so we really thought about how do you evolve the idea of a collectible whether it's a trading card whether it's a signed football whether it's a ticket stub and how do you utilize the technology that's provided by an NFT and an NFT is essentially just a unique ownership of a digital asset that's authenticated and bring that out to folks in a way that's collectible meaningful and can change over time We told that story we looked at where we saw the marketplace was going and we reached out to the folks at Major League Baseball Probably one of the most technologically forward of the leagues in terms of what they had done in the media side and also had done some early stuff in blockchain And really pitched the idea of building a partnership together around this technology and that was that was really the advent of our deal with them and kind of the kick-off to candy's business early in 2021 So Scott this is Mike up in Boston Major League Baseball more than any other sport has a rich history of collectibles baseball cards autographed baseballs bats uniforms such as a ticket stubs What is the next generation looking for in terms of collectors through NFTs Yeah so we really rely on that idea of a collectible something that scares something that's valuable something that represents an important moment or an important player and we try to marry it with the new technology So the first product that can be put out was actually a commemorative NFT of the famous Lou Gehrig luckiest man speech And there's a little bit of poetry there You take one of the key moments in baseball and I'd say even American history And you marry it with new technology on the blockchain And so we created a digital bust of Lou We minted that famous speech We did that as a one of one auction and actually raised a bunch of money for ALS charities So prove that there's a way to have a positive impact through these products as well But that was kind of our introduction to the space As we've moved forward and launched a series of products really what we're doing is we're evolving some of those traditional collectibles So if you think about the trading card we think of trading card one as the cardboard We think of trading card two as the digital picture of the cardboard and we think about trading card three is what candies creating And so what we're doing is we're taking all of the digital assets that MLB has whether those are photographs video images motion graphics sound digital signatures and creating a digital product that combines that in a new and exciting way And then layering on top of that utility and gamification And so the utility element of it are dynamic statistics So for folks who are going to be collecting our next series of cards in 2022 if you have the Fernando tatis card.
In The Draft Show - NASCAR Talk
"race team alliance" Discussed on In The Draft Show - NASCAR Talk
"And because not only the non existent. Rta still actually exist. But now they're making announcements about their media organization which apparently has been a thing for a couple of now so not only have they been keeping themselves a total secret but they've been keeping their media their publicity branch even more of a secret. And i don't know if you check out that website. They have a website. It's called speed fifty one They have a very extensive podcast list. Eleven shows and i tried to listen to all of the eleven shows. Three three of them actually have current episodes or recent episodes. One just went nowhere like the page went nowhere. Another one went to just like a facebook page with no audio or video and one went to a dude's youtube channel interesting. How do we get on there. How do we become part of our team media. You should just try to apply. Be like hey listen we talked about you get it but you know we actually update thing but we. We actually do a show. You know and three quarters of the people that they have exactly you know. I don't know. I don't know how we get on their We should pitch hashtag hashtag. It to rta. Yeah and we'll be. We'll the the race team alliance. Podcast will be the official will be the iraqi defense ministers of rta. Yeah we actually. I'm i'm willing to change show title for them. I mean nobody else changed their show. Titles for those guys. Maybe if we say we'll do that that'll get us up to the top of the list or something. We really have. no no. yeah. No no pride no scruples. No morals melting nothing. No give us give us that that That money back. Give us that title and we're going to go. Yeah totally and then what else do we that. Oh that's all i got. Although there was something else that just popped up that. I didn't put on the list. Oh twenty three eleven. So mike wheeler has been moved up fulltime to director of competition and budi barker's coming back he's going to be wallace's crew chief for the rest of the year that's awesome him. Bella had something earlier in their careers. Okay right on. I wanna say i wanna say not. Don't don't quote me on that. But i think i remember those to be tied at some point. Yeah the the only thing that i'm not certain about when it comes to this is wheels moving up to that you know director type of role you know. We saw the same thing we've greg's zip deli and then it feels like you lose you drop back in performance with the team a little bit because that person isn't hands on with the car anymore. Of course you know that worked out for zippy so it probably will work out here as well. This is the type of thing twenty. Three eleven needs to do for two reasons number one because they do have a lot of money invested and they do have big time investor and they do have big time sponsors so they need to get the performance of that car up so bringing in another mind like bootie barker to work on. The car is great. Wheeler can focus more on overall competition plus more importantly. They're gonna have the second car next year so you need somebody who's fully dedicated to making sure the entire program is moving in the right direction. So i like this move a lot. The only big question is hell hell. Long has booty been out of the game. And how much will that affect them. Yeah that's true. That's true. Yep and i don't know the answer to that i'm looking at right now to see if there are any stats Let's see here. Oh he was working in arc Well i don't know if he was still working darker with riley herbst but he may have been working in our up until now with riley herbst. But still it's not not same thing. Yeah no not the same thing the same cars. he's but maybe again new generation of car maybe new focus. He doesn't have to know what happened. beforehand so. We'll see how it goes. And i'm evan. Teen top tens in four hundred eighty one races through booty primarily working with underfunded teams with Sure and then served in the position. Twenty seventeen with ty dillon. At your main reason. I forgot about tied dylan. Who do we all did. But know i forgot about the fact that he worked tidal. Kind of forget about ty dillon. You know he's doing like the simulation stuff for nbc thought isn't dot com for nascar dot com. I think you're right. Did you know that. There's a nascar refuel a gimmick they have going on. Have you heard about this. Have you seen the snow. I don't know what that is So nascar refueled dot com. What it is is basically a you get the nascar experience of food delivered to your door way way. They basically you're doing their own door dash there. They have the darla darlington till meant cheese. Oh my gosh the lapdog. You have the refuel burger. The grid melt the mac and cheese. What he's victory lane burger dog club the daytona firecracker dog. Oh my god. This is what is order. Now i'm totally clicking order. Now are you kidding me. Let's see here. I'm entering my address. I think we're probably not gonna be successful here. That's a shame you get order you can order talladega daytona something burger. Oh here we go down my address. All right let's see here. No location delivers to your address. Dash come on. I wonder minnesota bloomington eden prairie maple group saint paul. I don't think it will go out this far though. It's half an hour. Oh we did have locations or anything. They just have like areas. It's a delivery. Only restaurant yet from maryland. It's balmer belair columbia really monia. M- who's wait marsh. Who's making the stuff for them. I don't know. I think it's just random set because there's a thing there's a a youtuber. His name is mr beast and he has. He has something like this too. But it's like other companies that are making the burgers and they franchise out like Mom and pops food chain or something they tell them. Here's the ingredients. And then they delivered that way. That's hilarious and yes. It is called nascar. Re-fuelled dot com all one word. They'll dash or anything like that and and they're they're selling nothing but health food.