Creators of Web3 Eric Siu and Wil Lee

Web3 continues to make massive advances and promises to disrupt even more industries going forward. Today, we take a look at what is really happening in Web3 right now, some of the biggest trends that we have witnessed recently, and what we believe they mean for the industry. Tune in for more!

TIME-STAMPED SHOW NOTES:


[00:04] Trends in professionalism that Eric is witnessing at Single Grain.
[01:30] Will reflects on the FTX collapse and what it means for big brands in the Web3 industry.
[02:40] How the amateurs are being flushed out to make way for serious professionals.
[02:55] An increasing focus on wisdom, experience, and accomplishments.
[03:25] Why we don’t believe we’ll see a bull market for a while still.

Tweetables:

“The flipper, the speculation mentality, that is gone and that is a blessing. That is what I want to continue to see [in Web3]. As more money comes in, there are more people that are serious.” — @ericosiu [0:01:05]

“A lot of amateurs that are in it just for the quick buck or in it just because of Web3 are being flushed out completely. What’s left are the adults coming in [to build] the real stuff.” — @wilxlee [0:02:41]

Links Mentioned in Today’s Episode:

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Growth Everywhere

Single Grain

During his talk at Art Basel, Wil was asked about the three things that he would advise someone launching an NFT project to focus on and why. Today our hosts share their answers. Tune in for some insightful information on business plans, missions, and understanding your ‘why’, along with plenty of examples of what people in the industry have done right and wrong.

TIME-STAMPED SHOW NOTES:


[00:23] Why do you need to have a business plan if you are launching an NFT project?
[01:17] Why you should lead with your mission and not how you’re going to make money.
[02:51] Why you can’t copy what everyone else is doing, you have to have something original.
[04:20] The importance of having clarity on your ‘why’.

Tweetables:

“The bigger your mission, the more people are likely to follow it and also stick around too.” — @ericosiu [0:01:50]

“The ups are super high and the downs are super low. And if you do not have some sort of reason as to why you’re doing what you’re doing and why you’re in the space, you can so easily be drowned out by the noise, by the marketplace.” — @wilxlee [0:04:29]

Links Mentioned in Today’s Episode:

Art Basel Miami

Miami NFT BZL

SpaceX

DoodlePutt

VeeFriends

Cockpunch

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Single Grain

ChatGPT is an AI chat interface that is incredibly useful and time-saving. Today our hosts discuss how this and other forms of AI relate to Web3. Tuning in you’ll hear about how ChatGPT works, the research Wil did into how AI can help enhance Web3, and what Wil was able to achieve using AI. Tune in for a better understanding of AI and Web3 as well as speculations on where this kind of technology is likely to take us in the near future.

TIME-STAMPED SHOW NOTES:


[00:05] Wil’s thoughts on AI and Web3
[00:19] The research Wil did into how AI can help enhance Web3.
[01:08] Some context into ChatGPT.
[01:48] How ChatGPT relates to community and Web3.
[02:19] The complexity of the algorithms that it can come up with.
[03:45] Tools that you can use to figure out how this all works.
[03:56] Why you should familiarize yourself with these tools.

Tweetables:

“Not only was the AI able to actually spit out a smart contract but also it was able to design new tokenomics if you give it enough variables.” — @wilxlee [0:00:34]

“I think this is just the very beginning. In two to three years, we’re going to see something like this [ChatGPT] really start to challenge Google.” — @ericosiu [0:02:13]

Links Mentioned in Today’s Episode:

ChatGPT

Stable Diffusion

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Single Grain

Nike’s RTFKT has been teasing a drop of metal boxes that were at some point valued at 2+ETH. What this product actually ended up being was a 0.1ETH discount that would be applied upon the purchase of Nike’s new self-lacing shoes (which are not available for shipping outside of the USA). In this episode, our hosts discuss the anger that this caused, the tension between Nike’s corporate background and Web3’s focus on the community, and how they can improve loyalty among their Web3 community going forward.

TIME-STAMPED SHOW NOTES:


[00:07] The backstory to RTFKT’s horrendous merch drop.
[00:43] The frustration at the fact that they don’t ship outside of the USA.
[01:28] The impact that this has had on RTFKT’s holders’ sentiment and loyalty.
[02:07] Eric’s prediction that RTFKT will pick up their sense of professionalism.
[02:26] The struggle between Nike’s corporate background and Web3’s focus on the community.
[03:07] Wilson’s proposed solution.

Tweetables:

“It seems that [RTFKT] is missing their bearings a little bit in terms of community first and making their holders feel like they’re a different class, whereas everyone is seen as consumers right now.” — @wilxlee [0:01:15]

“I think RTFKT, because they are owned by Nike, will pick up their sense of professionalism faster.” — @ericosiu [0:02:08]

Links Mentioned in Today’s Episode:

RTFKT

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Single Grain

Last year’s NFT or Art Basel was the height of the NFT market. Having just returned from NFT Basel 2022, Eric and Wil share their views on this year’s event and what it says about the NFT market going forward. Tune in to find out what Eric and Wil gained from this year’s NFT Basel and why they are cautiously optimistic about the NFT space.

TIME-STAMPED SHOW NOTES:


[00:04] Some background into last year’s NFT Basel.
[00:40] Wil’s take on this year’s NFT Basel.
[01:07] The types of meetings Wilson attended.
[01:55] The geographic limitations of NFT Basel in Miami.
[02:14] Eric’s experience of last year’s NFT Basel compared to this year’s.
[02:53] Why this year was smaller but more productive for Eric.
[04:02] Why Wil believes that people are cautiously optimistic about the market?

Tweetables:

“I think this down market is proving who’s going to be around for the long term.” — @ericosiu [0:03:45]

“The common theme is just people are getting very cautiously optimistic. They’re cautious about the uncertainties that are in front of us in the short term, but optimistic about the long term.” — @wilxlee [0:04:07]

Links Mentioned in Today’s Episode:

Art Basel Miami

Miami NFT BZL

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Single Grain

When you are dealing with anger from your community, it’s important to take a step back and gain perspective. In today's conversation, we unpack the difference between useful feedback and unwarranted anger, and how to determine when you should engage.

TIME-STAMPED SHOW NOTES:


[00:00] An overview of the anger we’ve been seeing in our communities.
[00:29] Examples of when Wil chooses not to engage with anger in his community.
[01:28] Why you need to protect your mental health.
[02:07] How to differentiate between respectful feedback and unwarranted angry comments.
[02:40] How a member of Wil’s community has inspired him.

Tweetables:

“My way of dealing with it is to not engage, there is no point in engaging because you're stooping down to their level. And it's truly a reflection of how they feel at that current time. It's not really a reflection of who you are as a person.” — @wilxlee [0:01:05]

“You have to protect yourself. Because at the end of the day, people are going to take whatever you give them.” — @ericosiu [0:01:30]

Links Mentioned in Today’s Episode:

Wilson Lee on Twitter

Wilson Lee on Instagram

Eric Siu on Twitter

Eric Siu on Instagram

The Littles

Leveling Up

Leveling Up Heroes

Growth Everywhere

Single Grain