Invest Like The Best
Episode 259 Investing in Immersive Worlds
Invest Like The Best

Episode 259: Investing in Immersive Worlds

Invest Like The Best

Episode 259

Investing in Immersive Worlds

Sam Englebardt and Richard Kim are general partners at Galaxy Interactive. We cover the digital art market, the social impact of Web3, and elements that create successful game communities.

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[00:02:50] - [First question] - Their thoughts on the digital art market

[00:11:33] - What motivates traditional art collectors and what has been carried over into digital art

[00:17:27] - Is there an attractive beta opportunity in the digital art space?

[00:24:32] - Why investors should do more work understanding NFTs and ways to consider incorporating them into your portfolio

[00:27:55] - The history of Galaxy and their thesis writ large 

[00:33:09] - Exciting and terrifying aspects of the financialization of everything

[00:37:27] - Places where inserting markets could be beneficial with Web3

[00:45:27] - Their perspectives on gaming as a subcategory of Web3

[00:51:38] - Tokenomics and the importance of building great game communities

[00:59:18] - What we can learn from successful gaming companies and in-game monetization

[01:04:19] - How Diablo 3’s auction house detracted from the core player experience

[01:06:36] - Where they disagree with the Web3 investing community

[01:10:37] - The kindest things anyone has ever done for them

Investing in Immersive Worlds

Introduction

Patrick
Today my guests are Sam Englebardt and Richard Kim, general partners at venture fund, Galaxy Interactive. Having come from the media and finance sectors respectively, Sam and Richard joined forces in 2018 to invest in their shared thesis that immersive digital experiences would become the dominant way people engage with each other in the future. Our conversation centers around the evolution of art, finance, and gaming as they proliferate in Web3. Please enjoy my conversation with Sam and Richard.

Galaxy's Journey Through Digital Art

Patrick
So Richard and Sam, we're going to talk a lot about different potential areas of impact for Web3, from gaming to art, to the financialization of everything in our conversation today, probably even touch on topics like mental health, which will be really interesting. I want to start though with art and maybe actually in the traditional art world, I know you both had a conversation with a person that runs the Whitney, a very classic art institution. I'd love to hear about that conversation. What was the purpose of it, what did you take from it and maybe touch on this idea that you learned about art versus market. I'm really intrigued by this concept and think it's a great place to start.

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