Rising Up

#014 William Quigley: Co-Founder of Tether and WAX on the Evolution of Gaming, Stablecoins, and the Revolution of Tokenized Money

November 29, 2022 Faceless Labs / William Quigley Episode 14
Rising Up
#014 William Quigley: Co-Founder of Tether and WAX on the Evolution of Gaming, Stablecoins, and the Revolution of Tokenized Money
Show Notes

Mack, Alex, and Evan are joined by one of our favorite thinkers on the blockchain: William Quigley--experienced venture capitalist, gaming OG, and the co-founder of WAX & Tether. William shares insights from his career on the evolution of gaming, mental models for NFTs/blockchain, and the guys geek out on the revolutionary distinction between digital and tokenized money.

1:33 William’s intro - from gaming to Disney to venture capital to blockchain
3:44 Alex and William get nerdy on gaming, virtual items, and NFTs
7:44 Why incumbent/AAA companies will not foster NFT adoption
10:06 How important (actually) are NFTs in gaming?
15:09 Virtual items vs. skins
16:59 “Why would people pay for something that only has cosmetic value?”
19:41 “The magic of NFTs” - what they are(n’t), and what they really do 
22:25 Solutions to counterfeiting - Disney case study 
25:18 The mega-trend William thinks is inevitable
27:06 Hot take: “Almost nothing is better on blockchain…” 
28:47 The most powerful use case: tokenizing (vs. digitizing) money
36:13 Tokenizing the US dollar and the origin of Tether
41:59 “Bitcoin is… the worst payment system ever invented”: Tether vs. Bitcoin 
44:15 US Congressional interest in a CBDC
47:44 The 3 types of stablecoins
51:35 Which stable is best? + addressing Tether FUD
58:36 William’s commentary on UST (TerraLuna)
1:03:17 Building your own blockchain: “Your brain will change”
1:08:45 Alex tells a story about building a blockchain with his friend
1:15:13 Where to find William; preview for round 2

William: @williamequigley
WAX: wax.io & @WAX_io (Twitter)
Tether: tether.to & @tether_to
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Enjoy!

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Disclaimer:
Faceless Labs is not licensed to give financial or legal advice. Nothing on this channel should be construed as financial or legal advice. These videos are for educational and entertainment purposes only.

Disclaimer:
Faceless Labs is not licensed to give financial or legal advice. Nothing on this channel should be construed as financial or legal advice. These videos are for educational and entertainment purposes only.