00:00 Speaker A

Crypto’s first generation here built the casino. Its next generation is being forced to build actual businesses. And one of the companies that’s doing that, of course, is Circle.

00:08 Speaker A

This is an interesting story. Circle buys nearly 1,000 blockchain patents from IBM.

00:16 Speaker A

Portfolio covers blockchain technology, banking, insurance and cloud security, though the financial terms of the deal were not disclosed. They basically called this more than 680 patent families. I mean, this is crazy.

00:27 Speaker A

So they buy nearly a thousand blockchain patents from IBM who was very early in the space and trying to capitalize on this. You got to imagine that…