
39 segments available
Balaji Srinivasan and Yat Siu, the founder of Animoca Brands, discuss shifts in global power, the geopolitical friction between the US and China, and the nature of digital-first societies. They delve into how the internet and gaming communities are creating new forms of identity and capital that challenge traditional nation states. If these ideas interest you, we're building startup societies at Network School. You can apply online at https://ns.com. OUTLINE 3:55 - One of the big misunderstandings around games 7:41 - There's a lot of parallels to the roots of crypto & gaming 10:30 - A Brand is the collection of words & images 23:13 - Nothing that wasn't built on the internet will survive it 30:24 - The Disunited States 33:29 - MAGA has China envy 39:42 - The two barbarian powers are the internet and China 42:40 - The Democrats will eventually side with Chinese communists 51:43 - Keynesianism is communism, but for wimps 1:10:55 - Hong Kong is necessary for China 1:23:19 - The Western lens is more conflict oriented by its culture 1:28:30 - China plays best home game & India plays strong away game 1:53:29 - The Internet is More America than America 2:03:27 - The Chinese Drone Armada: World's most powerful physical force REFERENCES I. Books * The Network State: https://www.amazon.com/Network-State-How-Start-Country-ebook/dp/B09VPKZR3G/ * Tomorrow, the World: https://www.amazon.com/Tomorrow-World-Birth-Global-Supremacy-ebook/dp/B08FGDS5GW/ * Political Theology: Four Chapters on the Concept of Sovereignty: https://www.amazon.in/Political-Theology-Chapters-Concept-Sovereignty-ebook/dp/B07GL4YSBC * Super Imperialism. The Economic Strategy of American Empire: https://www.amazon.in/Imperialism-Economic-Strategy-American-Empire/dp/3981826086/ II. Videos * Pete Hegseth: "China is Building An Army to Defeat America": https://www.youtube.com/watch?v=4WRj8JFNkiM&t=277s * Chinese shipbuilding capacity: https://www.youtube.com/watch?v=fOf_FlWzICM&t=3774s * CEO of Raytheon on how difficult it is to decouple from China: https://youtu.be/r8bF5_WskzQ?si=f0egT8cF3DHiNcKr&t=41 * How Tinder is reshaping human relationships: https://youtu.be/0iVlVVZe-YY?si=sE4hYW03onu0pTaK III. Studies and Articles * China's 200x shipbuilding capacity: https://www.twz.com/alarming-navy-intel-slide-warns-of-chinas-200-times-greater-shipbuilding-capacity * The US military is made in China: https://x.com/balajis/status/1811864350833148145 * U.S. production capacity, and deterring China: https://www.govini.com/insights/numbers-matter-defense-acquisition-u-s-production-capacity-and-deterring-china * Evolution of Earth's economic centre of gravity (History is running in reverse) : https://www.researchgate.net/figure/Evolution-of-the-earths-economic-centre-of-gravity-from-AD1-to-2025-4_fig3_271450876 * US senate passes stablecoin bill : https://www.reuters.com/sustainability/boards-policy-regulation/us-senate-passes-stablecoin-bill-milestone-crypto-industry-2025-06-17/ * Hong Kong passes stablecoin bill: https://www.cnbc.com/2025/05/22/hong-kong-passes-stablecoin-bill-as-more-governments-recognize-the-digital-assets-.html * Animoca brands financial highlights FY2024: https://www.animocabrands.com/animoca-brands-investor-update-for-the-quarter-and-fiscal-year-ending-on-31-december-2024 * Democrats and Republicans increasingly don't marry each other: https://x.com/balajis/status/1860359135558271396 * Democrats cleaned up SF for Xi : https://x.com/balajis/status/1724665467682631782 * China plays a strong home game, India plays a strong away game: https://x.com/balajis/status/1429423610830020613 * Rhode Island pulls over New Yorker's to keep virus at bay: https://www.nytimes.com/2020/03/28/us/coronavirus-rhode-island-checkpoint.html * Left is the new right is the new left: https://thenetworkstate.com/left-is-the-new-right-is-the-new-left * San Francisco is breaking down : https://x.com/balajis/status/1800171234036154452 SOCIALS https://x.com/ns https://x.com/ysiu https://ns.com/
In this segment, the guest provides an overview of Animoka, highlighting its significant investments in Web3 and its evolution from a gaming company to a major player in the crypto space.
"Yacht, welcome to the Network State podcast. I'm glad to have you here. >> Thank you for having me. It's a great honor to be here and excited about our conversation. >> Awesome. And for those people w..."
This segment discusses the intricate balance of creativity and technology in creating successful games.
">> Very very impressive. So you know one thing that actually I think makes it even more impressive is [clears throat] um gaming has always seemed to me to be very hard and here's my understanding as t..."
This segment explores how social interaction shapes the gaming experience, highlighting Bartle's taxonomy of player types.
"movie has special effects. It does, but not necessarily, right? A good game is actually based on the content. And frankly, one of the big um I guess um misnomers is that >> they treat it like a movie...."
A nostalgic reflection on the changing landscape of video games and their impact on player retention.
"Final Fantasy, um, teen or what have you. I don't know what number they're on, 16 or something like that. Yeah. Yeah. >> Probably 30 at this point, but >> it's like it's like a solid 80 hours of like ..."
This segment explores the challenges of establishing and maintaining a social network within gaming communities, especially in relation to franchises like Final Fantasy and platforms like Steam.
"is about retention of the social network underpinning the game >> correct >> okay that gives that gives a good thesis okay >> and but then what happens is that uh you start off by creating a following..."
This segment explores how new franchises can leverage social networks to create community and develop brand identity.
">> Right. And so that's something embedded in us for decades. But if you're a new franchise, you really have to understand how to utilize the power of these social networks and how to basically sort o..."
Exploring how emotional connections shape brand perception and loyalty in a changing world.
"[clears throat] like this. Tik Tok came up like that. Um >> but if you look at for instance on YouTube, is it YouTube or is it the content that you experience on YouTube that actually gave you that im..."
This segment explores how brand experiences evoke emotional responses and their significance in connecting consumers to memories.
"whether it's whatever um so so to build a brand is the feeling >> um that it evokes in you and maybe an example I can put is like um you know do you remember like what's your favorite childhood food s..."
Exploring how archetypes influence brand perception and consumer emotions.
"I don't know how familiar you are thinking about sort of you know Jung's archetypes right >> yeah okay right um and the reason why people talk about archetypes this way is and why those used in storyt..."
This segment explores how different cultures perceive money and value, contrasting European attitudes with views in places like Hong Kong and Dubai.
"whatever. Yeah. So, um, but the if if they have the attention to detail to have a good ad that gets your attention, then they probably have the attention to detail on the physical product itself. Now,..."
This segment explores the transformation of China's luxury market, driven by rising middle class affluence and changing societal values.
"instance where in China you know China was not a good luxury market in the beginning because you know everyone was just basically surviving right and then actually when the market improved and the mid..."
This segment discusses how the internet has transformed human interactions and relationships, emphasizing the removal of traditional barriers.
"aren't monitoring as much that's like the shoe that hasn't dropped like the ABC of right okay I uh there's drones it's a major one and more generally robotics and self-driving humanoids that's all rea..."
This segment explores the merging of digital and physical borders, the complexities of national identity, and America's unique position in managing cultural diversity in a global context.
"think we're on on the end of it by I mean 20 years is a long time but like 20 30 years from now I think digital borders and physical borders will coincide. Oh, like I think it's kind of happened in a ..."
This segment explores the growing divide between blue and red America, illustrating the fragmentation of social and political identities in the digital age.
"didn't exist you know prior to the you know 30th parallel 37th parallel sure right but but Now it does. >> And when I say Americans, I mean the United States more than say including Canadians or but b..."
This segment explores the economic warfare between Blue America, Red America, the Internet, and China, detailing the fallout and shifts in power dynamics since 2010.
"the internet went vertical. So the internet disrupted blue America right around 2010. Okay. At the same time in a different theater of this giant social war here you see China disrupting uh US manufac..."
Exploring the overwhelming influence of the internet and China's growth in the global landscape.
">> and the expertise that have built over time. Yes. >> Yeah. There's like 1.4 24 billion Chinese people and 77 million magazine's exported to every country in the world and China has the insane price..."
Exploring the emerging alliance between Democratic leaders and China amid political shifts.
"like, you know, after a workout and somebody's on a plane and someone's in the desert and so on and so forth. Just that alone is an interesting premise for for like a maybe a short clip. Maybe I shoul..."
This segment explores the shifting political alignments between American factions and their complex relationships with China, especially in the context of cryptocurrency and international strategy.
"least externally from the lens being in Hong Kong and by extension China as well uh that we view neither Democrat or Republicans as being pro-China. Like that that sounds that sounds to me as you know..."
This segment explores the concept of Keynesianism as a form of wealth seizure, comparing its methods to traditional communism while discussing the implications of economic policy on property rights.
"restrictions in the borders, right? >> No, but I'm saying like see Rhode Island pulls over New Yorkers to keep the virus at bay, right? Yeah. So, the point being that basically >> did the virus corres..."
This segment explores how government actions contributed to the financial crisis and subsequent bailout, analyzing the consequences for various communities.
"these are two people at like the New York Fed, right? And it says the Fed decided to buy >> 1.25 trillion in mortgage back bonds. So this is the connection between currency and assets because you prin..."
This segment discusses the dramatic change in wealth distribution between Democrat and Republican counties from 2008 to 2018 and its implications.
"And this is the um GDP of that county. This is a poor county down here and a rich county up here, right? Okay. >> So, and the blues are Democrat voting counties and the reds are Republican voting coun..."
This segment examines Japan's economic decline due to US policies, contrasting its past with future scenarios involving China.
"its bridges and becoming so successful that the US was you know there's rising sun there's all this anti-Japanese >> and then the US government actually did kill the Japanese economy with the plaza ac..."
This segment explores the historical context and strategies behind America's economic supremacy and the implications of emerging stable coin policies.
">> and you don't think tech America will try to save America because I do think there's a degree of [clears throat] >> so because because >> they already just did they they just did and actually Elon ..."
This segment explores Hong Kong's crucial role in China's economy, legal framework, and its relationship with the West.
"account of, you know, freedom and so on, but really I I think the the undertone was really around choking off essentially ideally one of China's main financial strongholds, which is Hong Kong, >> righ..."
This segment explores the trade-offs between personal freedom and governmental control, particularly contrasting American and Chinese perspectives.
"So there there's obviously some huge success there for you know a billion people. There are manufacturing power. Other countries that complain about overp production. >> You can't like it's something ..."
Exploring China's unique approach to governance and capitalism in a global context.
"like 1.4 billion Chinese people are very smart and they're really clever and they work around all kinds of things you know the mountains are high emperors far away. very very clever especially souther..."
This segment explores the contrasting cultural values of harmony in Chinese society versus the conflict-oriented mindset often seen in the West.
"right And um the interpretation of what quote interferes in China's internal affairs rises as Chinese tra just absolutely dominates and there's not just a Chinese chair or a desk or a table but it's a..."
This segment explores the contrasting strengths of China and India in global economic dynamics, highlighting the differences in education, diaspora success, and national characteristics.
"revolution and with you know Miles purges and so on China continued to rise in terms of economics. It wasn't that the miracle of China just happened in the Deng Xiaoing came in and just happened in th..."
This segment explores the shifting balance of global power, comparing the dynamics between nations like China and the US through historical perspectives.
"whole like Apple you know like vertically integrated where you've got the great firewall, the Chinese language apps, you've got the party state and you've got the people and the 5,000 years of you kno..."
Exploring the chaotic transformation of political and cultural identities in America and globally.
"in the middle of social war. So things are moving very fast. It's like you know world borders stay static and then in a war they move fluidly very quickly. So we're kind of like that. But in 2020 1988..."
Exploring the dichotomy of American individuality versus societal cooperation, and the implications of this tension on modern culture.
"[laughter] okay why Jordan Peterson gave advice to young men to kind of clean your room so on so forth and that was like the old culture where In western culture, hard work was valued and you're a val..."
This segment explores the tension between individual freedom and societal responsibility, discussing the implications of decentralization and the failures of both centralized control and extreme anarchy.
"selfish and some elements are problematic but by and large most people want to be helpful and kind and supportive and we need to you know be involved in a way where we support that construct but not b..."
Exploring the escalating chaos in San Francisco and the implications of police defunding.
"basically, right? The none of them are arrested. The police lighting cars on fire. Obviously, that can lead to I mean, the reason fire is bad is it spreads, right? So this is look at this these these ..."
Exploring the historical significance of leaving troubled homelands for a better future.
"know what, take care of yourself, you know, right? So that's like if they're not going to be praised for stopping bad guys, let the bad guy, you know, go go take care of yourself, idiots, you know, th..."
This segment explores how differing cultural and state-controlled environments shape the development and application of AI in America and China.
"going to win this war in Ukraine. Who the heck knows? It's going on for years and years and years. Okay. So >> um or or he loses or it's some crazy stalemate that's been going on for way longer than a..."
This segment explores the contrasting dynamics of state sovereignty and networked capitalism in the digital age, highlighting examples from China and South Korea.
"free internet but to make the case for that um and I'll give the case for the free internet in a second but to make the case for that that concept of digital borders as opposed to censorship is an int..."
This segment explores the need for a nonviolent approach in the face of rising military tensions with China.
"we completely cut off any contact with our Russian customers. You can't do that with China. Too big, too important, and too necessary. There's a US military study uh by entity called Gavini that showe..."
This segment explores America's potential to navigate ideological divides, drawing comparisons to historical empires and emphasizing the flexibility of language and ideas.
">> absolutely agree this and that's why I think these cloud communities can have leaders that can materialize in the physical world and now people are once again geographically and ideologically align..."
This segment explores the balance between blockchain technology's decentralized nature and the challenges of enforcement in digital transactions.
">> it wasn't like that before though >> it wasn't like before so so but the torch got passed and think of it as like software versus hardware, right? The software are the values and the hardware is th..."