102 - The Emerging Metaverse | Sam Englebardt & Richard Kim Bankless

Sam Englebardt is a co-founder and partner at Galaxy Digital, and is the founding general partner of Galaxy Interactive, which invests in next-generation interactive entertainment. He is also a content producer of film and television, working in a broad range of traditional & digital businesses. Richard Kim is a general partner at Galaxy Interactive, after a stint as COO at Galaxy Digital. These two guests are getting their hands dirty as the gaming, cultural, and technological worlds converge into the Metaverse. Trying to predict, invest, and help build this emerging phenomenon is a massive endeavor, but it’s one that we need to get right.
Exploring what the Metaverse actually is, how today’s internet compares to the digital worlds of the future, and optimizing the user experience comprise the core of this discussion—but we open it to understanding the skeptics in the space, as well game economies and tokenomics. Sam and Richard expect to see a mass exodus into the Metaverse over the next couple decades… how are you going to play the Metaverse game?
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Topics Covered:
0:00 Intro
5:00 Sam & Richard of Galaxy
8:23 The Year of the Metaverse
13:33 The Gaming Gateway
17:09 Skeptical Pioneers
26:21 Value vs Price
29:30 Enabling, not Escape
36:27 Building Stakes that Matter
43:51 Steak and the Sizzle
47:45 Creating Meaning in the Metaverse
55:21 Social Sandboxes & Other Theses
1:02:55 Viewer Participation
1:07:54 The Power of Emergence
1:13:48 How the Thesis Changes
1:18:40 Overhyped? Top Signals?
1:27:08 Microsoft & Decentralization
1:34:02 Closing & Disclaimers
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Resources:
Richard on Twitter
https://twitter.com/galaxyRTK?s=20 
Sam on Twitter
https://twitter.com/samenglebardt?s=20 
Galaxy Interactive’s Thesis
https://www.galaxyinteractive.io/thesis 
Asmongold’s Rant
https://youtu.be/rgg768z2GRA 
Metaverse Episodes
Defining the Metaverse
https://youtu.be/EqQiPseP_P8 
Web3 Gaming 101 with Amy Wu
https://youtu.be/x-3wNEahNl4 
The Crypto Gaming Revolution with Arianna Simpson
https://youtu.be/A_xsjqMcnCQ 
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures