Quoted from Saddath:

Those are just the mini wizard modes if i read correctly. I think the wizard ones are the inserts? Soul gem black order and battle thanos.
But I'm not sure. I have full trust in keith tough.

Quoted from chuckwurt:

So they geeked out about the trophies a lot, but it’s been said MANY times it’s not the main focus. They are like tomb awards in maiden and fossils in JP.
The main focus are the gem quests. Think paddocks. And battle Thanos is visitor center.
The grid targets are like the control room modes.
Collecting the avengers are like the power modes in maiden with those 2 wizard modes being like cyborg MB from maiden.
Sprinkle in a lot of other side stuff to do like leveling up avengers, making gem quests into MBs, placing gems around the playfield, you have avengers.

Quoted from sk8ball:

This is why we didn't go into tremendous detail. We need to polish up the gem perks but here is the rundown...
On computer grid drop targets-
Mind gem lets you select which award you want with the action button
Reality gem hit 2/3 drop targets to collect award
Power gem collects current flashing award plus spots another
Time gem adds time to computer modes and ball savers
Soul gem collects soul gem jackpot
Space gem the action button rotates the gems to different locations
For the rest of the shots
Mind gem- use your mind to collect the shot (action button)
Reality gem- shot multiplier
Time gem adds time to computer modes and ball savers
Soul gem collects soul gem jackpot
Space gem the action button rotates the gems to different locations
Depending on how leveled up the avenger that is holding the gem also effect these perks but I will get into that on the next stream.
Again this is all frosting on the cake and has nothing to do with game progression. Simply playing the quests leads you on the path to Thanos. But needless to say the more gems you possess the easier it is to defeat him.