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

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
__

Enjoy!

SUBSCRIBE: https://www.youtube.com/c/FacelessLabs
👉 Guest or sponsor: hallo@facelesscrypto.com

FOLLOW OUR HOSTS:
👋 Mack Lorden: https://macklorden.info
🚁 Alex Popovic: https://alexpopovic.info
☮️ Evan Mann: https://linktr.ee/conversationswithevan
🧱 Michael Shoup: @michaelshoup
🕵️ Mihir Kothapally: @mehere114
🧑‍🏫 Joe Devine: @highimpacttrdg


🧬ABOUT FACELESS LABS 🧬
Faceless Labs is a top web3 consulting agency and community incubator empowering crypto enthusiasts at all levels of experience with education and opportunities. We believe all people are the Many, and that the Many will Rise Up together.

👉Website: https://www.facelesscrypto.com
👉 Discord: https://discord.com/invite/themany
👉 Twitter: https://twitter.com/faceless_labs

🤝CONSULTING 🤝
Looking to learn about or launch an NFT series? A metaverse experience? Reach out! We can help plan and execute storytelling, utility, design, culture, community management, sales, marketing, and blockchain for you.

👉 hallo@facelesscrypto.com


✊🔥ABOUT THE FACELESS MANY🔥✊
8064 epic characters who represent the hero in all of us. Holding a Faceless Many NFT earns you $REVP (revPoints), which can be used in our marketplace to purchase virtually anything. TFM, the Faceless Allies, and the AI generated Villains of our Story, the Corrupted, are your ticket to the Financial Revolution. Get yours and Rise Up today!

✅ https://beacons.ai/thefacelessmany

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.

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
__

Enjoy!

SUBSCRIBE: https://www.youtube.com/c/FacelessLabs
👉 Guest or sponsor: hallo@facelesscrypto.com

FOLLOW OUR HOSTS:
👋 Mack Lorden: https://macklorden.info
🚁 Alex Popovic: https://alexpopovic.info
☮️ Evan Mann: https://linktr.ee/conversationswithevan
🧱 Michael Shoup: @michaelshoup
🕵️ Mihir Kothapally: @mehere114
🧑‍🏫 Joe Devine: @highimpacttrdg


🧬ABOUT FACELESS LABS 🧬
Faceless Labs is a top web3 consulting agency and community incubator empowering crypto enthusiasts at all levels of experience with education and opportunities. We believe all people are the Many, and that the Many will Rise Up together.

👉Website: https://www.facelesscrypto.com
👉 Discord: https://discord.com/invite/themany
👉 Twitter: https://twitter.com/faceless_labs

🤝CONSULTING 🤝
Looking to learn about or launch an NFT series? A metaverse experience? Reach out! We can help plan and execute storytelling, utility, design, culture, community management, sales, marketing, and blockchain for you.

👉 hallo@facelesscrypto.com


✊🔥ABOUT THE FACELESS MANY🔥✊
8064 epic characters who represent the hero in all of us. Holding a Faceless Many NFT earns you $REVP (revPoints), which can be used in our marketplace to purchase virtually anything. TFM, the Faceless Allies, and the AI generated Villains of our Story, the Corrupted, are your ticket to the Financial Revolution. Get yours and Rise Up today!

✅ https://beacons.ai/thefacelessmany

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.