This episode is brought to you by:

Coinbase Prime. Coinbase Prime combines advanced trading, battle-tested custody, financing, and prime services in a single solution. Clients have used our comprehensive investing platform to execute some of the largest trades in the industry because they are the only publicly-traded company with experience trading and custodying crypto assets at scale. Get started with Coinbase Prime today at coinbase.com/prime.

Show Notes

[00:02:14] - [First question] - How he and his wife Josie Bellini got into the crypto space

[00:05:40] - Why crypto OGs have a disdain for NFTs and feel this evolution is just a fad

[00:07:55] - A snapshot of the NFT market today and the metrics he tends to look at

[00:11:18] - Whether or not he’s surprised that the blue chip assets have held up

[00:13:56] - The early formation of Sfermion and what lead him to start it

[00:18:33] - Thoughts on holding NFTs and building an investable fund around them

[00:23:13] - Plans for their second fund and what it will be comprised of

[00:24:41] - His investment process and philosophy on exposure and valuation

[00:28:15] - Top level view on capital allocation when investing and building funds

[00:31:07] - SecondLife interview; in-game economies

[00:32:54] - Value is unlocked in more assets than just ones with utility

[00:35:37] - How they pitched fundraising a venture fund compared to one that invested in NFTs

[00:39:10] - USD performance fees and capital deployment in their venture fund

[00:43:37] - The different areas of the competitive landscape in NFTs

[00:46:43] - Whether or not courts have reached out to them given their assets

[00:48:59] - Real world use-cases and experiments that could prove useful in the future

[00:53:28] - Axie Infinity; thoughts on the Axie Infinity experiment and play-to-earn product market fit

[00:57:51] - What he’s most excited to see built over the next six months and six years