In this episode, Jon Alvarado & Brendan McShane of Deal Box Inc. is joined by Taylor Wallace of Total Network Services to discuss FTX sponsorship, Top Shot Kiok, and EIP-1559
Episode 8 Google Slides: Deal Box Daily Episode 8 (August 6th, 20211) – “FTX Sponorship, NFT Kioks and Copyrights”
FTX recently sponsored League of Legends team TSM for $210M in June so this is an add on deal. The company has been known to sponsor other games and the Miami Heat stadium naming rights. League of Legends had 46 million views for last year’s championship. Crypto companies are looking to the future of advertising by getting in on other growing trends.
Miami coin can be considered a developer coin that is entirely programmable. The companies plan is to release coins in most major cities hoping the cities use these coins to fund infrastructure. Starting in Miami because it trying to become a crypto hub. How much it is used and success for the coin in the future is unclear.
This is the first time the NFT will be available for purchase at the arena. This is a good marketing move to increase fans’ interest in NBA Top Shot NFTs and bring more awareness to everyday people. People will be able to also live in the moment of the hype of the game and go to the kiosk right after a big play to capture that moment.
Weird Whales were launched at $60 an NFT the quickly went to $6,000. However, after a Google search, someone found that the whales were taken from the internet and were not original. There is going to be a need in the future for a verification service for NFTs and accounts.
The major parts of the update was to stabilize the gas fees and put a burn rate on ETH. Every transaction will now have a base payment and tip. The base payments will get burned and the tips will go to the miners.
About Deal Box
Deal Box is frictionless, intelligent venture investing for the digital age. A specialty consulting firm focused on capital markets strategy, Deal Box utilizes both traditional and digital securities to enhance capital formation for early ventures and growth-stage companies. Through an industry leading Investment Packaging diligence process, Deal Box digitizes highly-vetted securities in private companies to redefine the ownership experience for retail and professional investors.
Founded in 2016, Deal Box was created to democratize venture capital. Through an institutional level approach to capital formation and best-in-class technology, Deal Box has packaged hundreds of early-to-mid stage companies, generating millions in both direct and syndicated investments over the last four years.