Episode 51 Status Games at Scale

Episode 51: Status Games at Scale

Episode 51

Status Games at Scale

Gmoney is an influential builder, collector, and investor in the NFT community. We cover why he dove into NFTs, how he landed his deal with Adidas, and the future of NFT royalty technology.

This episode is brought to you by:

OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more.

[00:02:23] - [First question] - Context and inspiration for GMoney’s famous Twitter thread

[00:08:11] - Why he dove into NFTs so aggressively

[00:09:59] - All-in crypto diversification as opposed to closed-minded crypto trading

[00:14:05] - NFT collecting in the mainstream

[00:15:32] - The potential of an NFT as a “digital flex”

[00:18:24] - The sharp increase in NFT values and the volatility of NFTs

[00:21:32] - Distinctions between NFT technology and the NFT market

[00:25:18] - How he landed his deal with Adidas

[00:27:58] - His transition from traditional trading to the NFT market

[00:29:26] - His early goals with NFT trading and adaptation as the space evolves

[00:31:40] - The role of brand deals and influencer marketing in GMoney’s business model

[00:35:04] - Helping clients and partners understand the NFT space

[00:37:25] - Incentivising buyers to pay royalties to NFT artists

[00:39:38] - The future of NFT royalties technology

[00:40:41] - Divisions of the GMoney empire

[00:44:07] - Explaining POAPs and their potential in the crypto community

[00:47:59] - Why he gives out POAPs for free

[00:48:54] - About 9dcc, the crypto-native fashion brand for real-world gamification

[00:52:30] - How a POAP transfer works using a 9dcc t-shirt

[00:54:04] - The communal success of the POAP pop-up event in Miami

[00:56:03] - Why your net worth equals your network in the crypto universe

[00:57:31] - Figuring out the optimal volume of POAPs to distribute

[00:58:21] - What he is most excited to see built over the next six months and six years

Status Games at Scale

Introduction

Eric
This is Eric Golden, and my guest today is GMoney. GMoney is an influential builder, collector and investor in the NFT community. He shot to fame with a tweet thread explaining why he bought a CryptoPunk for 140 Eth in January 2021 and has since transitioned from full-time equities trader to a builder with the Admit One community and 9dcc, his crypto-native luxury clothing brand. To show just how far he has come in this space, adidas teamed up with GMoney to bring their brand into Web3. I hope you enjoy this conversation as much as I did.

Eric
GMoney, thank you for joining us. I'm excited to have you on the show finally.

GMoney
Yes. Thanks for having me. It's great to finally be on.

That Tweet Thread

Eric
So I thought an interesting place to start would be where I first saw your Twitter avatar, the famous CryptoPunk Ape was when you wrote this, what's now, I think, a monumental historical thread, back in January 2021. I think maybe set the stage for people who haven't read it, the few people that haven't and kind of explain, like what were you thinking when you wrote it? What were you trying to share? Like what led up to that point in time for you?

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincolossus.com