Amy Wu on Why FTX Is So Excited About Web3 Gaming - Ep.345

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 26 April 2022

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Amy Wu, head of FTX ventures and gaming initiatives, discusses her role at FTX, what problems need to be addressed in the web3 gaming world, and her thoughts on APE and Yuga Labs as a board member of Apecoin DAO and investor in Yuga Labs. Show highlights: what Amy does at FTX how her background investing in gaming prepared her for her role at FTX Amy’s vision for FTX’s gaming studio how FTX is helping gaming studios get into web3 and NFTs why Amy thinks blockchain games are the evolution of the ‘free to play’ gaming archetype what best practices Amy believes web2 companies should implement when transitioning into web3 gaming why there is so much backlash against traditional companies incorporating NFTs (hint: it’s not just about environmental concerns) how FTX Ventures is looking to deploy capital and why it is so interested in Korea and India, specifically why Amy thinks the L1 wars will end with just a few winning chains why “consumer products” are going to be more important than high throughput blockchains in onboarding the next billion users what Amy’s role as a board member of Apecoin DAO is like what Amy thinks about APE and Yuga Labs trends for the rest of 2022: social media, dating apps, and more… Tickets to the Cryptopians Book Clubs Go on Sale Today at 1pm ET! Today, Tuesday, April 26, at 1pm Eastern Time, we will sell the NFT tickets to five book clubs to discuss my book, The Cryptopians. All the book clubs, which are 90 minutes and limited to 22 participants each, will be hosted by me and will take place on my Discord from May 2nd to May 10th. The sale will will take place on Bitski: bitski.com/@laurashin/created The dates and times for the book clubs are: Monday, May 2, at 8 pm ET Tuesday May 3, at 1pm ET with Lefteris Karapetsas, Griff Green, and Christoph Jentzsch of the DAO Thursday, May 5, at 12pm Monday, May 9, at 12pm ET with Andrey Ternovskiy of Chatroulette Tuesday, May 10, at 3pm ET Again, the link for the sale is at https://www.bitski.com/@laurashin/created. Also, join me for a Twitter Spaces, hosted by Bitski (https://twitter.com/bitski), at 12pm ET today. Unchained Is Hiring! Find out information on the three openings at Unchained and how to apply here: part-time remote social media marketing manager: https://unchainedpodcast.com/seeking-part-time-remote-social-media-and-marketing-manager/ part-time remote editorial assistant: https://unchainedpodcast.com/seeking-remote-editorial-assistant/ part-time remote video/audio producer: https://unchainedpodcast.com/seeking-part-time-remote-video-audio-producer/a Thank you to our sponsors! Ether Cards: https://galaxis.xyz Cross River Bank: https://crossriver.com/crypto Beefy Finance: https://beefy.finance Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Episode Links Amy Wu LinkedIn: https://www.linkedin.com/in/amytongwu/ Twitter: https://twitter.com/amytongwu Roles FTX Gaming https://twitter.com/amytongwu/status/1495834891858100232 Apecoin DAO Board https://twitter.com/amytongwu/status/1504238389737967622 FTX Ventures https://ventures.ftx.com/ FTX Stuff Going On NFT lounge at Coachella https://twitter.com/amytongwu/status/1515407892693745665 FTX Ventures x SuperteamDAO (India) https://twitter.com/ajm_ftx/status/1510339725059629058 Acquisition of Good Luck Games https://twitter.com/amytongwu/status/1506308327399063557 Backlash `https://kotaku.com/nft-crypto-blcckchain-storybook-brawl-card-f2p-steam-re-1848708120 FTX Africa https://twitter.com/amytongwu/status/1504095099873280005 Com2uS, a publicly-traded company, launched a token on FTX `https://twitter.com/amytongwu/status/1501675620832583684 FTX launch in Europe https://twitter.com/amytongwu/status/1500902895880974340 YGG India push for FTX https://twitter.com/amytongwu/status/1499075404887465994 FTX Future Fund https://ftxfuturefund.org/announcing-the-future-fund/ $400 million raise w/ plans for M&A’s https://www.bloomberg.com/news/articles/2022-01-31/bankman-fried-s-ftx-valued-at-32-billion-after-latest-round Miscellaneous Blockchain gaming backlash https://www.vice.com/en/article/xgd78d/the-crypto-revolution-is-an-existential-crisis-for-video-games Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hi everyone, look into Unchained, your no-hype resource for all things crypto. I'm your host
0:09.4	Laura Shin, author of The Cryptopians. I started covering crypto six years ago, and as
0:15.0	the senior editor at Forbes was the first mainstream meter reporter to cover cryptocurrency
0:19.1	full-time. This is the April 26th, 2022 episode of Unchained.
0:24.6	This episode of Unchained is brought to you by Beefy Finance, the multi-chain yield optimizer.
0:31.0	Beefy is the easiest way to earn more from your crypto. Deposit funds into beefy's secure
0:37.0	vaults to auto compound yields across 12 blockchains. Got crypto? Choose beefy.
0:44.2	Welcome to a new world of crypto-friendly banking with Cross River Bank. Request your
0:49.1	fiat on off-ramp solution now at crossriver.com slash crypto.
0:55.5	Galaxies create unstoppable communities by issuing NFTs with interactive dynamic utility
1:02.2	traits that allow any creator to engage with reward and monetize their following.
1:08.6	Buy, earn, and spend crypto on the Crypto.com app. New users can enjoy zero credit card fees
1:14.6	on crypto purchases in the first 30 days. Download the Crypto.com app and get $25 with
1:20.8	the code Laura. Link in the description.
1:25.2	Today's guest is Amy Wu, head of FTX Ventures and gaming initiatives. Welcome Amy.
1:32.0	Laura, you went from being a partner at light speed ventures to heading up M&A and ventures
1:39.6	at FTX. Tell us what it is that you do for FTX.
1:44.6	So I started at FTX at the beginning of this year. I actually had the no pleasure of meeting
1:50.9	Sam, Bigman Fried or CEO earlier last year when he was raising his first institutional round.
1:58.0	And you know was just honestly like so compels by him and the vision and everything that
2:02.3	FTX is doing that. I thought it was a really unique time in the company's life cycle
2:07.6	and was thrilled to join. And similarly to almost everybody at FTX, I wear multiple hats.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Laura Shin, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Laura Shin and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.