GMoney: Status Games at Scale - [Web3 Breakdowns, REPLAY]

Jun 2, 2023

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ADVICE

Make Asymmetric Bets And Broadcast Them

Treat high-convexity, limited-loss NFT bets like asymmetric trades when conviction exists.
Build a public brand to amplify your edge and attract opportunities.

INSIGHT

Collecting Translates To NFTs

Collecting is a near-universal human behavior that maps naturally to NFTs.
Digital scarcity plus identity yields ownership people value even without physical utility.

INSIGHT

Digital Flexes Scale Better Than Physical Goods

Digital assets scale flex signals far beyond physical luxury because they're visible globally online 24/7.
That scale makes expensive digital art a more efficient status play than many physical items.

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Today, we are replaying one of my favorite episodes of the show from the last couple of years. This conversation is with gmoney, who is an influential builder, collector, and investor in the NFT community. Have a great weekend and we’ll be back with more next week.

For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.

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Show Notes

[00:02:54] - [First question] - Context and inspiration for GMoney’s famous Twitter thread

[00:08:42] - Why he dove into NFTs so aggressively

[00:10:30] - All-in crypto diversification as opposed to closed-minded crypto trading

[00:14:36] - NFT collecting in the mainstream

[00:16:03] - The potential of an NFT as a “digital flex”

[00:18:55] - The sharp increase in NFT values and the volatility of NFTs

[00:22:03] - Distinctions between NFT technology and the NFT market

[00:25:49] - How he landed his deal with Adidas

[00:28:29] - His transition from traditional trading to the NFT market

[00:29:57] - His early goals with NFT trading and adaptation as the space evolves

[00:32:11] - The role of brand deals and influencer marketing in GMoney’s business model

[00:35:35] - Helping clients and partners understand the NFT space

[00:37:56] - Incentivising buyers to pay royalties to NFT artists

[00:40:08] - The future of NFT royalties technology

[00:41:12] - Divisions of the GMoney empire

[00:44:38] - Explaining POAPs and their potential in the crypto community

[00:48:30] - Why he gives out POAPs for free

[00:49:25] - About 9dcc, the crypto-native fashion brand for real-world gamification

[00:53:01] - How a POAP transfer works using a 9dcc t-shirt

[00:54:35] - The communal success of the POAP pop-up event in Miami

[00:56:34] - Why your net worth equals your network in the crypto universe

[00:58:02] - Figuring out the optimal volume of POAPs to distribute

[00:58:52] - What he is most excited to see built over the next six months and six years

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