Prediction Held up
Chou: Rally will operate as a network, not an IPO-bound company
“I'm not trying to be a company. We're trying to really create a network where other businesses can build a business and not worry about rally being a traditional company that's trying to you know, earn revenues and do an IPO at some point and eventually potent…”
Prediction Not checkable as stated
Chou: Blockchain in gaming will unlock digital asset ownership and residual value
“So blockchain technology, when applied to gaming in the right way, will unlock real ownership for digital assets and create residual value for virtual items, as well as in certain cases, turn digital purchases into investments.”
Prediction Not checkable as stated
Chou: In-game blockchain smart contracts let developers monetize secondary markets
“But blockchain technology, if it was applied inside of a game, Would unlock, would solve all of these problems. Players would get a safe way to transact and buy and sell the things that they want. Service providers would have a built-in customer base, and then…”
Prediction Not checkable as stated
Chou: Metaverse fashion will spawn digital equivalents of Supreme
“I think there's going to be a whole incredibly rich category now that you can create true and authenticated scarcity, you know, of fashion. I think the kind of Supremes and other, you know, equivalents will start to emerge in the metaverse.”
Prediction Not checkable as stated
Kevin Chou: Blockchain will enable gamers to become creators and entrepreneurs
“Blockchain technology will unlock the opportunities for them to become creators, entrepreneurs, and service providers.”
Assertion Partly supported
Chou: Only 10,000 of Twitch's 3M streamers earn full-time income
“On Twitch, the largest streaming platform, there's over three million active streamers a month. Out of that, there's only 10,000 that are in Twitch's partner program making a full-time income.”
Prediction Not checkable as stated
Chou: Blockchain will drive an economic revolution in gaming
“Now, blockchain technology, I believe, will open up the next major chapter in gaming, and it's not going to be a computing revolution. It will be an economic revolution.”
Prediction Not checkable as stated
Chou: NFTs will evolve from singular items to composable collectible sets
“And so I think we'll see that emerge in the NFT space where today we just kind of think about these NFTs as singular items, but what happens when you designed them as sets and people want to collect them almost like playing, you know, McDonald's monopoly or so…”
Insight
Chou: Decentralized social networks must disincentivize central corporate ownership
“So we believe very much that kind of, especially in social creating a decentralized network, which I believe starts with having a business model or an economic model that does not incentivize a central company to exist at the core of the network is really impo…”
Assertion Not checkable as stated
Chou: Making a living in gaming can be as hard as reaching the NBA
“In fact, sometimes it's as hard to make it in the industry and certain parts of it as it is to become an NBA player.”
Assertion Partly supported
Chou: Marshmello's Fortnite concert drove a 24,000% boost in music streams
“What's amazing is that 10.7 million people attended this concert live. The result for him was the single biggest week of album sales in his entire career, and a 24,000 percent increase in his monetized music streams.”
Assertion Supported
Chou: $93B of the $150B gaming market comes from in-game purchases
“The hundred fifty billion dollars I talked about earlier, ninety-three billion, or the large majority, is spent on in-game purchases of assets just like this one.”
Assertion Not checkable as stated
Kevin Chou: Gray market gaming platform processed 30 million transactions
“One company has over 500,000 players that are ready to transact in pretty much any game you can imagine, and they've done over thirty million transactions to date.”
Assertion Supported
Chou: Rally works with approximately 120 creators
“Yeah, I think you know, today we work with about 120 different creators.”
Assertion Supported
Kevin Chou: Gaming reached $150B in 2019, outgrew film and music combined
“In 2019, gaming will be a hundred and fifty billion dollar market. It's larger than the film and music industry combined together, and it's been that way for the last eight years, and the gap is only growing.”
Assertion Supported
Chou: North American League of Legends players average $320,000 annually
“The average salary for North America League of Legends player is 320,000 dollars a year.”
Assertion Not checkable as stated
Chou: Streamer Ninja earns $500,000 per month from subscriptions alone
“Ninja is perhaps one of the most famous streamers in the world, and through his fan subscriptions alone, he makes 500,000 dollars a month.”
Assertion Supported
Kevin Chou: There are 2.4 billion gamers in the world
“Today there's 2.4 billion gamers in the world.”
Assertion Supported
Chou: Gen.G created first all-female major Fortnite tournament team
“I'm especially proud of our team on the top left, the industry's first all-female Fortnite team, and as of September of this year, the first female champion of a fort, of a major Fortnite tournament.”
