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Steve McGarry

Founder, Sandstorm Media · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutivehostinvestor@thestevemcgarry ↗LinkedIn ↗sandstorm.co ↗

McGarry previously co-founded the fintech startup LendLayer, which was acquired by Affirm in 2015. He later founded Sandstorm to connect brands with metaverse builders, along with GrowYourBase and Hack Crypto.

10statements → 7claims → 3claims resolved → 67%fully supported → 3.6/5average certainty → 2/5average debate potential → ≈4.0/5argument clarity, estimated →

2 supported 0 partly supported 1 contradicted 4 not checkable as stated how the 7 claims stand · each chip opens the sources

3 predictions · 4 assertions · 1 opinion · 2 insights · every statement was checked. The predictions and assertions are the 7 claims: statements the public record can support or contradict. 3 are resolved, and 4 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Steve argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
McGarry: 200 to 300 million people have used crypto wallets
“And to give everybody context, you have roughly between what's estimated 200 to three hundred million people have participated in crypto. They have a crypto wallet of some kind, and they've tinkered with it.”
Steve McGarry Dec 22, 2022 ▶ 34:41 Builders Are the Ticket Before Interoperability Ever Gets Solved

Their most notable contradicted claim

Assertion Contradicted
McGarry: Gen Z and Gen Alpha spend 8-9 hours daily on virtual platforms
“We know Gen Z and Gen Alpha are spending 8:09 hours a day with their friends on all these different platforms”
Steve McGarry Dec 22, 2022 ▶ 7:17 Builders Are the Ticket Before Interoperability Ever Gets Solved

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
50% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Steve McGarry on measured tape to publish a rate. This says nothing about how they speak.

Everything Steve McGarry said on We Live to Build that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Not checkable as stated
McGarry: Metaverse will operate as siloed apps, not seamless worlds
“The buzzword interoperability is one that people throw around a lot in the web three space. And the intention there is what you're describing of people will be able to fluidly move between these worlds. But ultimately I think that this is going to be more of l…”
Steve McGarry Dec 22, 2022 ▶ 14:52 Builders Are the Ticket Before Interoperability Ever Gets Solved
Assertion Contradicted
McGarry: Gen Z and Gen Alpha spend 8-9 hours daily on virtual platforms
“We know Gen Z and Gen Alpha are spending 8:09 hours a day with their friends on all these different platforms”
Steve McGarry Dec 22, 2022 ▶ 7:17 Builders Are the Ticket Before Interoperability Ever Gets Solved
Prediction Not checkable as stated
McGarry: Metaverse will fragment into specialized virtual worlds
“I see this as breaking into a bunch of worlds here. There's going to be worlds for work. There's going to be worlds for commerce. There's going to be worlds for mental health. There's going to be worlds for gaming. There's going to be worlds for events and soc…”
Steve McGarry Dec 22, 2022 ▶ 12:33 Builders Are the Ticket Before Interoperability Ever Gets Solved
Insight
McGarry: Human 3D builders are the true bridge for brand metaverse assets
“And my take on this with Sandstorm is I think the builders themselves are the ticket. If Nike comes to Sandstorm and says, I need a shoe, a builder is gonna be able to deploy that across five different virtual worlds, five different formats, and allow them to,…”
Steve McGarry Dec 22, 2022 ▶ 21:19 Builders Are the Ticket Before Interoperability Ever Gets Solved
Prediction Not checkable as stated
McGarry: Blockchain bridging will operate invisibly in the background by 2027
“In five years from now, this is all gonna be in the background. Like, this is just going to be something that operates in the background, just like a database.”
Steve McGarry Dec 22, 2022 ▶ 25:53 Builders Are the Ticket Before Interoperability Ever Gets Solved
Assertion Supported
McGarry: 200 to 300 million people have used crypto wallets
“And to give everybody context, you have roughly between what's estimated 200 to three hundred million people have participated in crypto. They have a crypto wallet of some kind, and they've tinkered with it.”
Steve McGarry Dec 22, 2022 ▶ 34:41 Builders Are the Ticket Before Interoperability Ever Gets Solved
Opinion
McGarry: Over 90% of blockchains fail during current experimental stage
“I think it's very important to know we're in an experimental stage where 90 plus percent of these blockchains fail.”
Steve McGarry Dec 22, 2022 ▶ 41:02 Builders Are the Ticket Before Interoperability Ever Gets Solved
Insight
McGarry: Delayed asset settlement removes high TPS requirements in metaverse games
“And I would say that if settlement of these different in-game assets happened at a later time, you don't really need a high throughput of transactions per second.”
Steve McGarry Dec 22, 2022 ▶ 41:26 Builders Are the Ticket Before Interoperability Ever Gets Solved
Assertion Not checkable as stated
McGarry: Top 3D builders on Sandstorm earn $20,000 per month
“There's people that the best builders are making 20,000 dollars a month. There's some builders that are making a, you know, a few hundred dollars”
Steve McGarry Dec 22, 2022 ▶ 46:21 Builders Are the Ticket Before Interoperability Ever Gets Solved
Assertion Supported
McGarry: Dozen-plus cross-chain bridging projects suffered major honeypot hacks
“All you have to do is search on Google interoperability hacks, and you will see hacks of hundreds of millions of dollars, where what I mentioned earlier with the wrap in the smart contract, hackers just attack that contract, 24, seven all day, because they say…”
Steve McGarry Dec 22, 2022 ▶ 29:14 Builders Are the Ticket Before Interoperability Ever Gets Solved

Appearances (1)

EpisodeDateSpeaking time
Builders Are the Ticket Before Interoperability Ever Gets Solved Dec 22, 2022 33m
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