per year on nft's.ares super favorably to people who spend $180 a year on netflix or $260 a year on spotify. people are willing to spend more on digital collectibles. that is a business model that people who are creators will embrace. emily: how do you see the music industry 10 years out? what will be different about it? what will you invest in, to maybe benefit from it? david: to build digital collect roles -- collectibles or any digital intellectual property, there is a lot of software. we call that protocols. we are investing in a lot of the marketplaces and protocols on which nft's are created and sold. thing of as nft infrastructure. the examples of nft products that have come to market have been very successful. we have invested in nba topshop, which is game crated by dapper labs. our intention is to adapt up and down the stack. we have a portfolio company called metaverse oh that does that. one of the big questions for music is, will the artists release their own creative works digitally through

nft holders.s unique. it's that painting. >> reporter: but in recent months crypto has seen a crash as the u.s. economy hits rocky territory bringing on what experts are calling an nft winter. >> you saw them sort of peak in popularity and then come down, all of these high-risk plays that investors had their money in kind of tumbled first. >> reporter: still, some are banking on a comeback as trendy bars and nightclubs create experience-driven nfts. >> our nft is providing experiences, not things, to people and wanted to evolve with technology. >> reporter: here at this new york city nightclub nft holders can get vip access to exclusive events. just show proof of an nft purchase from the club's website and you're in. >> this is reserved for our nft holders. y'all have grown up with reward membership points, right? the only difference here is they're tied to an nft and the largest difference is it's something you can trade. >> reporter: nathan doesn't know much about the world of crypto but says th

>> reporter: gabe sierra is the home's developer and an early investor in nft real estate. he gives us a tour in both worlds the sand box and the center land are two of the biggest metaverse platforms where commerce is key. >> everything you do will have some variation of it inside the sand box and we are talking about gaming but also education, shopping, socializing, everything you can think of >> reporter: in these worlds, virtual land is being snapped up at a fevered pitch >> but this is a living, breathing, digital version of the house that you can build upon, you can add multiple stories to it, you can go crazy with it. >> reporter: sierra is building in the sand box and invested in dozens more properties there are 166,000 plots of land, a number that will never change. individual lots have sold for thousands of dollars, to hundreds of thousands of dollars. >> welcome to the sand box with flip-flops on. >> reporter: part of the draw, location, being near early stake holders like snoop dogg who is offering concerts on his land called snoop verse and fortune 500 companie

. >> she does have business, this nft thing -- >> that's hard to decipher, the nft thing. for first ladies some choose to go on and build global platforms. melania trump has chose to invest her time for an nft business which is for profit on a website called usa memorabilia, which they sell nfts, nonfungible tokens for like 50 bucks during the trump presidency. it's very unorthodox for a former first lady to develop a business for profit explicitly as this website is. she has millions of followers. she doesn't tweet that much. half of the tweets from february have been retweets promoting the nft business and the sale of the nfts. it's an unusual very strange path for a former first lady not to continue the giant global platform she has to talk about, you know, whatever, children, in melania's instance. instead, she's chosen this route which again is unorthodox, melania trump is an enigma, the first lady. it's her right. they only get a $20,000 a year pension when she leave office, and that's after the president dies. it's not unlike a president who gets money to support an

coming up the nft rabbit hole.loomberg. ♪ emily: we are looking at celebrity crypto trends, from matt damon's, to reach weatherspoon's nft partnership of the world of women, celebrity crypto touts haven't worked out so well. i talked about that with newburgh's john milton, who took a deep dive. talk about the trend, it doesn't seem worth it to have celebrities on board? >> when i started the story, i was pitching random celebrities. eventually, they were like, look into this. it is telling. a lot of celebrities have gotten into the craze and offered advertisements. and whether you invested in the cryptocurrency and what happened to your value. in all the cases in the article, they went down. it has been pretty bad for them. emily: we discovered hilarious tweet from the star of the legend of the 10 golden rings, who tweeted, when my career ends two months from now, i hope people say i remember him, he never tried to sell me and nf tweet. but -- nft. by the way, he is a hilarious twitter follow. but are we going to s

screen to show what else, nfts. >> it definitely was tough at first to ge people on board, tell themhouse in the metaverse, everybody was like what are you talking about. >> reporter: gabe sierra is the home's developer and an early investor in virtual real estate. sierra and his partners are creating an exact virtual version of the sprawling south florida mansion in nod to how popular the metaverse has become giving us a tour in both worlds. sandbox and decenterland are two of the biggest metaverse platforms, 3d interactive places where commerce is king. >> everything you do in the real world will have some variation of it in the sandbox. and talking about gaming, but also education, shopping, socializing. everything you can think of will have some form of it. >> reporter: and in these worlds, virtual land is being snapped up at fever pitch. >> this is a living, breathing digital version of the house that you can build upon you can add multiple stories to it. you can go crazy with it >> reporter: sierra is building in the sandbox and has invested in dozens more properties. there ar

she's been selling nfts since last april before that market dropped one sold for over $1 million during peak interest in the metaverse last year she invested in a number of start-ups in the space including bob iger backed genies which creates customized avatars. while hilton continues to de-jay in the real world she sees new virtual worlds including from mark zetterberg's meta becoming the future of entertainment. >> not everyone is able to go to tomorrow land or these shows it makes it accessible to so many people who aren't able to do that. >> roblox tells us hilton's experience on its platform has been visited by 544,000 fans paris hilton's company does not share financials but they do tell me the media company is set to double its business from 21 to 22 and is on track to generate tens of millions of dollars in annual profit hilton did promote nfts and crypto before those markets pulled back dramatically and of course it is still uncertain how the tech giant's investment of billions of dollars in the metaverse will all play out but tonight is going to be so interesting to get those

my nfts, they are available on mel melaniatrump.com. >> reporter: one former adviser going so far asual for a former first lady to spend her time on a narrow niche. cnn has reached out several times for clarity on whether funds have gone to any specific children's charities, and has never received a response. >> people i see always criticize me whatever i do. i'm used to that. i move forward. >> so kate, this nft venture, looks like, as you reportrd, a for-profit business, do we know the motive for starting it? >> reporter: i spoke to several people who talk to melania trump. they say there is concern and worry not knowing what the legal issue also bring with donald trump. but former first ladies only get a $20,000 a year pension after their husbands die. it's sort of a paltry sum when you think about it. so melania trump has always been smart about looking down the road and perhaps that's what she's doing. >> kate bennett, thank you for the reporting. >>> up next, the 12-year-old little leaguer. we'll have an update on him. he was critically injured after falling out of a bunk bed.

paris hilton says she has her own virtual clothing line and nft collection, even her own world.he gave cnbc's julia boorstin a personal tour. >> hey, guys it's paris hilton. welcome to the neon carnival in paris world. the hottest after-party in the metaverse. >> reporter: dubbed queen of the metaverse, paris hilton built her own world inside roblox, a platform for games and events, where her avatar dj is headlining a kneon carnival festival and a new year's eve party. >> new year's eve i was dj'ing in the maldives. there was more people at paris world than there was at new york or times square. i think it's just amazing how i'll be able to not have to travel so much being married now, i don't want to be on a plane 250 days out of the year. >> reporter: today she's announcing her expansion into another metaverse platform, the sand box here she'll sell paris-inspired nfts and host social events such as rooftop parties in her maldue mansion. >> right now we're focusing on the experiences and not the monetization because that's not the focus. but we're going to be doing digital wea

and there is an nft for basically a shirt. anybody else would be laughing. because he made the numbers. he made the darn numbers. he gets to come on and we can treat him seriously, even as i am looking at the play that we had to read that was so horrible. >> what are you talking about? >> harriet. yeah. i thought it was horrible. there is an introduction to the play. they destroy any thing you might like to play when you are in high school. but they love him. they are a group of people who have two things in mind. they love him and they hate me. that is fine, because you see, they exist in a zoo and they can't get out. i, on the other hand, have total freedom. >> you have free reign. you are free range. >> i am a free range chicken and they are going to find me. they are incredibly nice. just don't go into their area. not cage. that's not right. >> how about wbt? some of the targets on global subs by 2025 are in the one 30 million range. they are wondering, on cue two, dtc is much below what netflix is doing, what disney is doing at this point. >> there is t

. >> is nft based? and it doesn't come cheap. the groundbreaking for the new show club in sales forest park. it happened earlier this month. but instead of a traditional membership card to get in members instead got a non-fungible token secured by block chain technology, which means that it can't be forged or manipulated. and that type of security apparently does not come cheap. an nft membership to show club can cost anywhere between 7500, 300 $1000 a year. that's quite a spread there. the club is only accepting a limited number of to fix. haha. it's expected to open sometime next year, ok for $300,000. i would want to like have to yeah, you guys are members. >> polo, >> i like you rejoice. that was a good little. and christmas is a good little. a 19 minute show you yeah. like raiders was fun to watch. post-game show was fun. we were standing by and now we're going hard core news. our hour coming up on kron. 4 news at 9. vicki is going to be here with me for that katherine wolf. >> be back at 10. coming up at 9, talking about a

. >> you just ruined it by making it an nft. >> you know how i really feel about nfts and powell and the fed setting the stage for plenty of market volatility ahead and what are the key technical signs we need to watch for and what opportunities might emerge we'll be right back. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. for your consideration, the world's most innovative eyewear, turboflex. turboxflex frames are engineered with a 360 degree hinge disguised in the design. for maximum comfort, flexibility, and performance that stands the test of time. now, strength meets style. invest in the best, turboflex. find your retailer at turboflexeyewear.com >>> less than 90 minutes left in the trading day. we want to get you caught up on the markets, stocks, bonds, commodities and a technical take on where the market is headed. let's go to bob pisani at the new york stock exchange, where the dow turned

or the nft business. more cost cutting would be seen as a positive for that stock back to you. >> all right we will watch that of course coin base down quite a bit right now. we mentioned unity at the top of the show that stock is about flat lemonade, the tech driven insurance player is up 14% we'll look at why. for now let's get to frank holland and "the half. >> all right thanks, john welcome to the halftime report i am frank holland the slide in semis micron now the second company in as many days to warn about revenue it comes as president biden signs the chips act getting billions in subsidies to that sector we will discuss what is ahead for the group, the state of tech, and of course stocks overall. now we have to introduce our investment committee today josh, we actually spent the weekend together believe it or not. not like that. let's check on the markets this hour. >> it meant nothing to me, frank. >> the major averages all lower right now the nasdaq the biggest loser falling for the third straig

now and show club is not the first nft private club in the u.s.yla, maybe this is something you want to invest yeah, i have a lot of questions before you put your money down and yes, it starts with. what do you get for 75,000 versus 300,000? that's what i really want to know. that's a very wide. >> you know? you know, the website seem to lay out a lot of different options for people who are curious. but i'm taking a look outside at the weather. looks low, though, looking quite nice, right? yes, yes, we're having another beautiful day out there. now, if you're the coast, it's definitely still foggy and cloudy. but if you're in the bay, we're looking right now from the east bay from the berkeley hills. basically all across the east bay across. and you can see you can maybe make it out a little fog there. but san francisco across the bay. >> so we're going to see sunny inland weather today. cloudy at the coast. as i mentioned, time for a cool change this weekend, though, everybody. that's my big headliner. see those temperatures drop as you get into

she sold a series of nfts, including one last year that went for over $1 million ultimately hilton sees these virtual worlds becoming the future of entertainment. >> imagine being like in a metaverse that looks like the moon or like you're sitting with your boyfriend watching your favorite tv show you're in the living room, but around you, you feel like you're in this magical place, and i think that's really exciting >> reporter: in the meantime, she's continuing to deejay in the real world her goal, to reach as many people as possible, wherever they may be. >> not everyone is able to go to tomorrowland or go to these shows. it makes it accessible to so many people who aren't able to do that. >> reporter: roblox says 544,000 people have visited its paris world, though, they don't report how much revenue it has generated, but hilton's company says that across its properties, it will generate tens of millions of dollars in annual profit it is worth noting that hilton has promoted crypto and nfts since before that market dropped, and, of course, it's still uncertain how metaverse investmen

is happening at a time when nft prices have come down materially >> absolutely. you the key thing to remember is they are different than the speculative things people may have heard about on the news these are real things that fans can get involved in. you have the expensive, steph curry sold the other day for $20,000. but an accessible way for collectors could come in, trade with their friends, get the same experience you would get as a trading card collector but super charged, because it's digital. we're also giving fan benefits if you're ha really big rams fa, you can get rewarded for being a rams fan and being involved. digital first, that's the key thing here we're really excited about the drop tomorrow. it's going to feature the legendary debut, the first kind of legendary moments, top-tier moments from some of the biggest stars in the league. and we encouragees everybody too get started. >> a lot of people bought and still do, hopefully, buy cards, physical cards when i was a kid i bought the cards because it was fun. >> yeah. >> then over time i started t

she said growing revenue to things like staking and nfts should help, but no changes on fees yet. >> we have not seen the need to lower fees on the retail side over the last three-quarters we are constantly running pricing experiments and looking at price elasticity. we don't see fee being the driving factor for retail products right now. >> regulation is also a big theme for coinbase and an overhang on the stock according to haas. she says uncertainty is keeping institutional money on the sidelines and casting a shadow on coinbase as well as the industry guys >> a couple interesting things she said, okay with burning money in the short term. no need to lower fees, that's interesting. why wouldn't someone switch to an ftx or binance that have eliminated fees or are going to? >> she says that's inevitable in the long term. there will be fee compression like we've seen play out in stocks she said in the near term they're not going to lower fees. long term they'll face the pressure she admitted we'll likely have to lower fees. it's just not there yet. with all the competition out there,

they are also trying to launch their nft and extend the nft they are trying to launch derivatives businesser term we believe that coinbase can further diversify away just from retail trading. that's why we still like the stock. >> so the partnership obviously is great news to that endi, owen but what if crypto does not stabilize? isn't that the whole thing that determines the direction of this stock? >> theoretically speaking i disagree with that if you look at the trading pattern, they were highly correlated if you look at the historical pattern, during some crisis or some kind of problematic situation, everything is looped together remember, coinbase charge fees even though bitcoin goes up or bitcoin goes down. so i would say in the near term there will be a pretty high correlation. but longer term when bitcoin can stabilize, coinbase does not rely too much on trading revenue. i think the stock would not correlate that much with bitcoin like last year we have seen so far. >> do you feel a little uncomfortable recommending a stock that is -- okay, i'll read you some stats quarter to date

how would you like to be the first to own an nft created by an array 10 with the help from his oklahoma city. zoo keepers in a special digital brush. the la cruz see here. that's a 21 year-old orangutan has created a series of nfts that are going up for auction for those not familiar and of twos or digital creations. it supposedly cannot be copied or replaced. this is all for a good cause. 100% of the proceeds are going toward iran to 10 conservation efforts. down the south bay, san jose's first ever navy week is wrapping up and today the sailors took their t to the group habitat for humanity. kron four's camila barco has a look at the work that's being done out there. >> it's nice be able make a change in your hometown area or like surrounding area because you know, you feel like you're making an impact where you grew up from defending his homeland to helping out his home state trey perry and 4 other sailors. >> help lay the foundation for esperanza place on friday. this will be the site of 42. new townhomes located right next to the pleasant hill bart station. so it's going to produce

charles: i was going to email you my latest ape collection of nfts but i will skip. love your poise and calmness. we don't have a lot of time. how should people be invested in this market? where are the opportunities then? >> oh, i think if we move into the fourth quarter, the pain from this ukraine war leads movement towards a cease-fire, at least negotiations, if oil is coming down, then stocks will go up and typically growth stocks win when the economy is just holding on, not overcooked but certainly not a recession. charles: okay. >> and inflation such as commodities come down. so that is software, media, technology, hardware like apple, retail, semiconductors, that would be the winners into the fourth quarter. charles: all right, guys. thank you both very, very much. a great discussion, gary and barry. we didn't do that on purpose. want to bring in macro mavens founder and president, stephanie pomboy. there are a lot of signs of recession. one i thought was intriguing i saw other day i want to share with the audience. conference board consumer expectations versu

don't think -- stuart: what proportion can define and nft, 2%? 3%? 4%?ould reduce or have no effect on the taxes due or paid with will and come less than $400,000 a year. is it true? i believe it is true that tax rates will not go up for anyone but prices paid by poorer people will be going up because of this inflation reduction act. >> democrats and media like to pretend you can raise taxes on corporations and doesn't hurt anybody, nobody ends up suffering or paying more in taxes because corporations are abstract organizations that can be 3 money 3. when corporations pay higher tax, profits are lowered. people like you and me and pension funds, we suffer and lose out that way or they raise prices and maintain their shareholders and everybody is a consumer so everybody, you can't raise taxes on corporations without affecting people. stuart: one of the best lines i've read for a long time referring to the inflation reduction act you said that is an insult to used car salesman. i like that. i wish i could write like that. explain your self. >> i don't thin

you perform transactions, where for example you buy an asset, you buy a land in a game, you buy an nft, this is virtual. you could be more easily befrauded. >> it's on the metaverse, but are you using real money like that? you're actually exchanging real money with someone that you don't know that has some avatar? >> that's a part of the problem. let's say amazon or something like that, but there could be people in there and you don't know who they really are. that's going to be a concern. also private wise, i mean if you're using the avatar. surveys are out there that say most of us will use avatars that are similar to us. and we know that there are people out there that are going to attack people for whoever and whomever they are and that is the other thing. try to keep yourself private at least in the early days because this is going to be, well, a wild west i think for a little while. >> yes, my avatar will be much taller than i currently. a. and so you might be interacting with companies, right? if you're going into the metaverse, do you actually interact with these companies and

the device uses nft technology similar to the tap to pay feature we have seen on google and apple pay. a procedure thatt him back about 400 bucks. now to to unlock his car, all it takes is the tap of his hand. >> getting a lot of comments. wt if somebody comes after you and chops off your hand. you can see see it pop up on the end right there. >> surprisingly enough, this is not the first time he has implanted a similar chip. it serves as his house key and holds his contact and medical i. > >> community members in san francisco's mission district are are pushing back around fences at the 24th and mission bart station. they have been torn down by protesters for a second time this month. a community meeting was held tonight to discuss alternatives. they were put up as a way to crack down on on illegal sale of goods in public places. community members members say the issue is larger than just fences. >> we need to take it on ourselves. we need to empower ourselves. to find the solution for ourselves. it is not only the fences or the permit. or the the police. it is about the surl of our

we have the number of local streamers as well, including cj and katie, and there is technology, the nfts internet and devices. breaking it down into these three different areas, i think it captures how korea is leading the way, in terms of popular culture.— popular culture. jason bechervaise _ popular culture. jason bechervaise there, i popular culture. jason i bechervaise there, who popular culture. jason - bechervaise there, who is in seoul for us, bechervaise there, who is in seoulfor us, thank bechervaise there, who is in seoul for us, thank you so bechervaise there, who is in seoulfor us, thank you so much forjoining us on the programme.- forjoining us on the programme. forjoining us on the rouramme. . ~ ., ., programme. thank you for having me. the constitutional court in thailand has suspended the prime minister, prayuth chan—o—cha, while it considers whether he has reached the limit of his time in office. general prayuth seized power during a military takeover in 2014, but his popularity dwindled substantially during the covid pandemic. now, opposition parties are insisting that

brittany and nft.nd this beautiful facility is expected to open sometime next year. so i mean, what do you think they want to put some money down? you know, i think that's what i don't know what it i love it looks we'll see what happens with well, friday marked national dog day and look at this guy's happy face. what a better way to celebrate than with the reunion. this is 10 year-old rocket and she's finally back with her. humans after she was found walking down the street in penn grove, a sonoma county deputies put out a post asking for help finding her owners. and fortunately they did. they were able to reconnect are with her family. and deputies say she's ecstatic to be home to some happy story. i know. you know, that was going to walk your dog. your today is a good day to day was actually with the coolest day that we see that inland. 86 you can see right there, bay 72 coast. 63. >> really sets the heat at wednesday. we're at 90's, but you see that we can. yeah, it's going to be hot. 90 to 94. yeah

everything having to do with sneakers, as you mentioned, as well as things like nfts so that there isout their competitors, like the real real and the other type of, even craigslist for example, there are online marketplaces.— marketplaces. that is the problem _ marketplaces. that is the problem for _ marketplaces. that is the problem for ebay. - marketplaces. that is the problem for ebay. they i marketplaces. that is the i problem for ebay. they have been around a very long time, we almost consider them a dinosaur in this market, because you have platform such as tiktok now selling stuff, and there are a lot of competitors having to rethink lots of things and look at green sales, like the resale of goods and all sorts, to keep people interested.— goods and all sorts, to keep people interested. right, the u . people interested. right, the u- cle people interested. right, the up cycle market, _ people interested. right, the up cycle market, according i people interested. right, thej up cycle market, according to donna get toby, they were predicting in 2019 that this is going to be a tr

be seen how that's going to work out because we think that if you are holding a million dollar plus nftying on the ethereum network and it's changing right now, that may not be a great place to be. >> where are you placing your bets? valkyrie has exposure to the largest cryptocurrencies i market cap. which ones are you leaning into and out of? >> right now, bitcoin is the flight to safety for a lot of our funds. some of the more established proof of stake protocols are also a great place to be. places like avalanche and silica. these are the ones that we are looking at to move into. we also have active accounts where we can take risk off the table in times of uncertainty like we did the beginning of this year for most of the year. we're moving out of anything that has too much exposure right now until we see this verdure goes through and into some of the safer larger crypto. >> what about solana? it's very polarizing in terms of an asset. do you think that has any room to benefit some of the things you are saying about ethereum plays out? >> solana is one of those blockchain's that sacr

. >> i know you're working on nft is.pticism about how big the market can actually be. what are you betting? >> i am betting that they are an end in and of themselves but they are a means to an end. if we can use entities to give our audience a chance to participate, to empower them, to activate their voice in that space, that is amazing. if we just think about it -- here is another revenue stream. i don't think we will realize the full potential but the core of blockchain's and entities are about decentralized participation. that is always at the core of what we do. i think of entities the same way i think of social media. a platform to do more for the audience. >> interesting, we will keep watching. that does it for this edition of lumbar technology. tune in on wednesday. we will hear from david suzuki after their second quarter results. plus, what is next for the metaverse and david sachs, one of the many people in elon musk 's inner circle subpoenaed by twitter. this is bloomberg. ♪ >> the following is a paid program.

i know there has been some skepticism on how big the nft market can be. what are you betting?betting an fts are not an end of themselves but a means to an end. if we can use an fts to give our audience a chance to participate metoo empower them, to activate their voice in the space, that is amazing. if we just think about it as here's another revenue stream or we should do the same thing as everyone else, i don't think we will realize the full potential. but at its core, it's about decentralized participation and activating the audience and that's always at the core of what we do. i think of an fts the same way i think of as social media. like a platform to do more for the audience. emily: we will keep watching. dan porter. that does it for this edition of bloomberg technology. tune in on wednesday. we will hear from the roblox ceo -- shares are up injuring. plus what's next for the metaverse. and one of the many people in and on- [announcer] imaginein elon having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands

emily: give me an example of how a textbook could be an nft and how that could survive and be passedudents and how pearson could still potentially profit from it even if we are talking three or four students down the line like a used textbook good >> think of a textbook comprising of various learning modules. [please stand by] >> the author or creator of that content, it could be a video, audio, and would then be able to participate as that learning module is then utilized down the blockchain, as it were, and the blockchain acts as a transparent ledger and make sure everyone gets paid. eventually that could lead to greater accessibility and affordability for education as you look globally emily: call me old-fashioned, but as much as i didn't like carrying textbooks around, i feel like a paper textbook -- i like reading a physical paper, a physical book, i like underlining it, folding down the pages. is there a place for that in the future? >> absolutely. we still give you the option to get that printed textbook. and we will continue to invest behind those. as an analogy, i like music

if people worry they lost a bunch in crypto and bitcoin, will they make it back in nfts? >> they need to look at the meta verse. keen i did: we'll have a -- kennedy: we'll have a look. huge legal day tomorrow in florida. will a judge order the release of trump's fbi raid documents? is that a good idea? the pam has some thoughts. panel has some thoughts. they return next. kennedy: a huge day tomorrow for president trump and his legal team in florida set to rule on unsaling many of the -- unsealing many of the documents during the raid at mar-a-lago and president trump demanding they release everything. i con curb. conquer. the justice department said that would mess with their investigation. the party panel is back, karol, juan, and skipper. >> it's crazy that the only explanation we have is the national archive wanted some of his papers. that's insane. he was the president and not like billy bob making a mess in his garage. it's a really important raid we should know way more about by now. it's insane that everything is hidden in secret from the american people. we deserv

even today, we heard an announcement from meta announcing the ability to post nft's across instagramsk that is a big strategic move in play. i think we will see similar on the institutional side as they have been putting the pieces in place. katie: speaking of meta, i think back to this time last year or even six month ago, i was hearing about the metaverse. it feels like those conversations have petered off with market volatility. when are we going to see a rejuvenation in that space? is that tied back to what the federal reserve is going to do? >> yes. it is difficult to know exactly when markets will come back to life. however, i will say founders and teams continue to build in the space as well as metaverse. there are a lot of projects funded over the last 12 months that we will see execute and i think we will start to see great engagement and use cases come to light over the next year and a half. sonali: there's also a lot of dry powder on the sidelines when you look at how much money have been raised in the venture capital industry. is there an opportunity now that valuations se

we really think that if you're holding a million dollar plus nft and you are relying on the ethereum and it is changing right now, that may not be a great place to be right now. >> where are you placing your bets? valkyrie has exposure to the largest cryptocurrency by market cap. which ones are you leaning into and leaning out of? >> bitcoin is really the flight to safety right now for a lot of our funds. we are looking at some of the more established proof of static protocols. those are great places to be. places like avalanche. these are the ones we are really looking at to move into. we also have active accounts where we can take risk off the table in times of uncertainty like we did at the beginning of this year for most of the year. we are moving out of anything that has too much exposure right now until we see this merge go through in the middle of september and into some i say safer and larger crypto protocols. >> what about salama? you think about magic aiden and the discussions they have had their. it is also very polarizing in terms of an asset. do you think that has any ro

this time there was at least a store but the company announced an nft marketplace and ryan cohen buyingshares but really it was more meme-stock's squeezed again. sure enough, game stop spiked with another top and then the nasdaq lost nearly 25% of its --. with the s&p thinking almost 18%. last night game stop rallied over 44% over the course of two days. right before the company reported earnings. guess what? this was another bad sign. nasdaq peaked on june 2nd, plunged 14% over the next two weeks for bottoming on june 16th. s&p was down 14%. look at this. no meaningful pullback but then look at this. 7.9. it .3. 24.2. do you see a pattern? that's why i get nervous every time i see one of these meme stock's warring like bed, bath, and beyond. i think there are two main reasons why things play out this way. -- these short squeezes they inevitably get burned. that's what we saw with bed, bath, and beyond last week. and many of them give up on the -- which is so painful for me because i want you in because it's such a great wealth builder. they tend to drop their hands and step aside becau

. >> i turn this shit into an nft. >> and that covers everything. well in life. >> that's for sure. >> i didn't even know he went to college. >> he didn't brag about it. >> do we get nothing. >> didn't you need grandad's stuff to pay off your student's loans. >> trevor: all right, stay tuned, after a break we're going to find out why fish might have feelings, don't go away. ♪ ♪ ♪ ♪ radio: another rock and roll weekend... ♪ ♪ burgers: better with pepsi. ahh! [r&b music] ♪ ♪ it's only worth it if you enjoy it. michelob ultra. ♪ >> welcome back to the daily show, my guest tonight is a really interesting young man by the name of ryuij chua, an activist and filmmaker who makes educational content about animal rights here to talk about his independent documentary, how conscience can a fish be. >> the evolution uncovers that traits better suited to help a an animal survive and reproduce in their environment will get passed down through generation. but that's not just limited to physical traits. behavioral traits, personality and intelligence all also play

sharon is more of a youtube person and eden collects basketball nfts.ite topics to talk about on a podcast? >> the first movie, chinese marvel movie, the legend of ten rings. >> oh, have you all seen that movie? >> it was really good. >> most superheroes are like american and he's the first asian to represent us asian people that asians can be superheroes. >> it feels like we're actually in the movie. >> one of my favorite movies is a movie called "the black panther." it made me feel i saw a superhero in me. i see them as sort of being friends with each other. representation is ever evolving. while you could technically say they're both some form of representation when they debuted in marvel comics, they were both created by white folks who didn't seem to have a lot of interest in awe then testimony and sometimes just came off as racist. since then these characters have both been taken over by asian american and black creators, creators who are able to imbue these characters with authenticity that rings true to the audiences they are portraying. >> ther

she has promoted crypto and nft's since before that market dropped.r celebrities make moves into theved that her metaverse investments will play out. >> are there others that are so interested in the metaverse? >> we have seen other celebrities move into that like justin bieber and travis scott. we have seen celebrities make investments like snoop dogg who is building his land in the sandbox. we have also seen investments from others.e year on from the u.s. pulling out of afghanistan. that country, of course, now i there is a startup that allows people to build customized avatars. >> thank you, julia. >>> we are one year on from the u.s. pulling out of afghanistan. coming up, a marine that helped get people out describes the moments he will never forget. >>> and, the demand a trump ally made to the january 6 committee that were rejected. >>> and latebreaking information about a trump confidant.e top of the news on . one who wanted to overthrow the previous election but just got a visit from investigators of his own. the news and the analysis as we approach the bottom of the hour of t

did rebound this morning and the network has been billed as a big competitor to ethereum and built nftsr example, and solana has seen multiple outages and its team tweeting that this year's hack does not appear to be an issue with the network itself, regardless, many investors that i'm talking to have moved their crypt onto cold storage or offline in general just to be safe this is the first major hack we've seen in 2022 nomad was breached just a few days ago losing $200 million and ronin was the biggest in the crypto ecosystem back to you. >> it's like bank robberies happening in crypto land >> lawmakers meanwhile, trying to increase consumer protections in crypto, as we see the hacks and falling valuations and a new bill might help with regulation and ylan mui is with us and has more >> jon, this bill exclusively gives the cftc the power to regulate bitcoin and not cryptos deemed commodities it's got bipartisan support and the leader pointed to the solana hack as evidence that congress needs to step in and close the patchwork of regulation. >> these firms can't play fast and loose wit

the devices uses nft technology that is similar to the captive pay feature we have seen at google and apple pay. the procedure cost about $400, but now the tesla owner is able to unlock his car with the top of his hand. >> getting a lot of comments. it's harder to see, but you can see part of that pop up on the end here. >> this is not the first time he he has implanted a similar chairman to his body here the cp the chip on his other hand, it serves as house key and holds his conduct and medical info. >> >> that anyone talk to him about about tiles or trackers >> there are so many other ways. >> you be you, friend >> > >> it is 10 minutes after sonomy sonoma county's growing movement movement to ban gas stations. the latest city, joining the effort. >> looking ahead to winter. the major to what's the difference between prop 26 and prop 27? 26? not one dime to get people off the streets and into housing 27 generates hundreds of million to help solve homelessness. the choice is clear yes on prop 27. what's the difference between prop 26 and prop 27? 26 is a money grab that doesn't guara

. >>> the metaverse is more than a place just a trendy internet user set up for nft selling.he technology that powers the virtual world is now helping to train healthcare workers, in the metaverse, medical students can get experiencing practicing on virtual bodies in real time and specialists from all over the world, can get together as many times as they need to prepare for a high-stakes operation. jake ward shows us how it all works. >>> what you are looking at is three respective surgeons >> this is a brain simulation -- >> planning and operation together from different parts of the globe. >> i'm in durham, north carolina right now. >> i'm in western mass, on vacation. >> i'm in dublin, ireland. >> they are thousands of miles apart but able to gather virtually around this 3-d rendering. this used to take days of video calls, now, using hollow lens technology from microsoft, it takes perhaps an hour. the even have time to let me join in.. >> what you are seeing in front of us is a brain. >> my unwashed, untrained hand can go into this rain. >> it's not only revolutionizing

for our nfts of ukiah, mendocino county, lake county, it's going to be hot.at there. san jose goes from 88 today to 82 tomorrow. then you stay low 80s. that's almost -- that's not quite a ten-degree drop. if you wanted to see that, look at the north bay valleys. from 90 degrees today to 80 tomorrow. santa rosa, napa, you guys are going to feel that. you'll stay there. low to mid 80s for the rest of the seven-day forecast. guys, back over to you. >>> let's take a look at the roadways. busy at the bay bridge toll plaza. the metering lights were turned on just after 6:00 this morning. we have an official backup there with a little bumper-to-bumper traffic just as you approach the toll plaza there. you can see things definitely get a little busy there. not quite to the overpass. at least there's that. that's helpful if you're headed over into the city. travel times 15 minutes heading into san francisco. this is a little better. this is the caltrans camera at 205/580. heading into theality mott, travel times 47 minutes 205 to 680. a crash at the 680/dublin interch

they just crunched up every buzzword like nft and ai and packaged it into this thing. a gimmick? >> no, i think it is a moneymaking scheme. spencer: 10 million followers, it probably is. kristen: i just don't want them to have an ai come up with the newscast script and be able to perform that as well. [laughter] karina: music is actually really good -- if the music is really good, would you guys be ok with that? >> but it is a human wrapping the lyrics. it is a gimmick. spencer: it works. kristen: it is one thing if they actually perform. spencer: we are talking about it. kristen: see? the following has just gone up. keep this information handy next time you want to eat ice cream for breakfast. ice cream is healthier they say than a bagel. researchers at tufts university ranked the nutrition score of various foods and an ice cream can with nuts and chocolate scored 37 on the scale. a 100 score means most nutritious. a bagel with raisins got a score of 19. by the way, fritos outscored them both with a 55 ranking. my kid says they want fritos for breakfast, no. karina: t

the network had been billed as a big competitor to ethereum and both are used to build things like nfts solana has had a share of growing pains and its team tweeting that this week's hack does not appear to be an issue with the network itself. regardless, many investors i'm talking to have moved their crypt onto what they call cold storage or offline in general to be safe. this is the latest major hack, guys in 2022 nomad was breached a couple of days ago, and ronan was by far the biggest this year and the list is definitely growing so far in august. kate, you used the word safe i don't think i could ever use the word safe to discuss anything having to do with cryptocurrencies these days and we can ask you so many things while we ask you i can ask you about michael saylor and he's stepping down from microstrategy after its bitcoin holdings >> that was a big surprise michael saylor was ceo and he founded the company in 1989. the past few years he's shifted the corporate strategy to use all of the software proceeds and take out loans and buy more bitcoins and it's become a proxy for bitco

they cost around $200,000 each, just for the nft. that stays online.ou have to crop up another $50,000 if you want to turn it into a pendant. it will include diamonds, gemstones or an 18 karat gold chain. if you are still listening to this, a limited supply of 250 of these starting on friday. you have to own a crypto punk to get one. what are we talking about? kumasi: we are just trying to keep the people informed, in case they feel inspired. i feel like you need a whole extra class on that. reggie: if you have anything i just said, you are not up at 526 time at the morning -- 5:26 in the morning. kumasi: they may get up morning -- get up early, but they may be inspired. reggie: let us know. school almost in the session, but schools aereaarggng to find. kumasi: brittney griner and her trial in russia are set to begin. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant,

there's the coin tied to the ethereum network which is used to build things like nfts and it's in thee software upgrade and the way it's run and validated as people called it and it's supposed to be faster in the way crypto is becoming more energy efficient and crypto's carbon footprint has been one of the biggest criticisms and that date for what people are calling the merge, and the date has been pushed back before so there's still a little bit of skepticism either way, crypto investors are pouring into this day ahead of that date. number of addresses and spot volume jumped in july and seeing the bullishness and the funds strat shows a parabolic increase and it's getting close to the high we saw back in november the majority of those are call options and the option to buy the december and aseptember rate that have a sustained ethereum back to you. >> may into june, ethereum to bitcoin, right had its biggest drop in a long time so the value of ethereum versus bitcoin. so and now it's popping back up and still not where it was in early may. so it sounds like maybe people should be car