#78 - Debating Web3, NFTs, & DeFi With An NFT Whale | Mitch Lacsamana

Mitch Lacsamana is an NFT investor, trader, and advisor. Currently, he is the Head of Marketing & Strategic Partnerships for the exclusive Discord NFT Investment Community, Metaverse HQ. Mitch also serves as an official advisor to various NFT Collections/Companies including Superlative Secret Society.

***TIMESTAMPS***

0:00 - A long day from Miami to NYC to Jersey; Mitch’s July 4th NFT Bet; The Early Days of NFTs that Mitch witnessed in 2018; Dapper Labs, NBA Top Shot & What Went Wrong

36:17 - Mitch explains Metaverse HQ & how he got involved; How Discord Works; Play & Earn Gaming; Virtual Land & Its Future Use/Value; How Metaverse HQ turned towards NFT investment/trading theme; NFT Collections and how they work; the inevitable worthless NFTs that exist in the space; CryptoPunks and why some terrible art is “worth” a lot

52:33 - “I am an NFT Degen”; Explaining floor price; The Community Aspect of NFTs, Smilesssvrs / Waheed Zai / Gio Gussen Shoutout; You never know how legit a project is; Mitch tells the story behind Mutant Cats (yes you read that right); How passive earning (staking) works with NFTs

1:08:17 - Julian asks about how some projects aren’t pyramid schemes; Comparing NFTs right now to another historical market; Mitch’s disciplined investment approach

1:27:30 - Discussing the recent FUD Token drop; Mitch explains the recent Wolf Game rip and what happened

1:47:20 - The hurdle of getting NFTs completely mainstream; Shaan Puri’s Twitter thread on the Metaverse; Breaking down the Bored Ape Yacht Club NFT Collection and why it matters; Julian asks a pressing question on Bored Apes

2:05:47 - NFT Regulation is coming; The dangers of trading NFTs if you aren’t actively paying attention; The lack of simplicity problem that continues to be one thing holding back crypto; Julian tells a story about a crypto conference in NYC back in 2018

2:24:31 - “The next great invention will look like a toy”; The silly names of NFTs and why they might actually make sense; Thinking of money in crypto and not dollars; Bitcoin (BTC), Ethereum (ETH), and the long term look of the crypto space; Mitch talks about what the DeFi guys were telling him at Art Basel in Miami; Crypto, DeFi, and the entire space is still so new

2:42:55 - Web3: What is it and what will it look like; Mitch explains why he’s still unsure; The Superlative Secret Society NFT Collection that Mitch advises for; Axie Infinity in the Philippines; Julian discusses Mitch’s brother Mike and Don Tapscott Ted Talk he showed him that started everything

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YouTube EPISODES & CLIPS: https://www.youtube.com/channel/UC0A-v_DL-h76F75xik8h03Q

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