This is Eric Golden, and my guest today is Luca Netz. Luca grew up with nothing but made millions before his 25th birthday by building and selling multiple businesses. Two years ago, he spent $2.5M to buy the Pudgy Penguins NFT project and has since turned it into one of the best-run NFT projects in the world. In the episode, Luca explains why the $2.5M purchase price was a bargain and why he believes Pudgy Penguins could be the face of NFTs in the future. We also talk about the overall NFT landscape, whale management, the strategy for Pudgy Penguins, and much more. Please enjoy this conversation with Luca Netz.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
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Show Notes
(00:02:45) - (First question) - When he first learned about Pudgy Penguins
(00:05:19) - The original project owners and what lead to the community forcing them out
(00:09:53) - Bidding high on Pudgy Penguins based on a bigger understanding of its potential
(00:15:03) - His background before crypto and his skills as an elite marketer
(00:21:44) - Thoughts on risk aversion when he first started amassing wealth
(00:24:28) - The relationship between a brand and its founder
(00:28:08) - How building in public has elevated his game
(00:30:38) - Overview of the whale management thesis
(00:35:30) - Marketing for niches versus expanding to multiple communities
(00:40:36) - Early things he’s most proud of that helped grow Pudgy Penguins
(00:43:20) - Planning for the future versus being spontaneous and reactive
(00:46:17) - What the industry needs to help move it forward
(00:52:45) - What he’s excited to see built over the next six months and six years
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