This is Eric Golden and my guest today is Ovie Faruq, or as I know him, OSF. Ovie spent the best part of 9 years at Barclays as a distressed credit trader before moving into Web3 as a builder, investor, and artist. Given his wide range of experiences, both in TradFi and Crypto, we cover a lot of ground. We discuss the commonalities between fixed income and NFT trading, how to revive a failing PFP project, and what it felt like when he found out Snoop Dogg bought his artwork. Please enjoy this conversation with OSF.
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
[00:02:16] - [First question] - The different types of Web3 IP, how Goblintown and Rekt Guy have evolved, and how a creator can give the IP to the community
[00:05:12] - Whether or not a lack of scarcity is unwinding the value accrual behind the original approach to NFTs
[00:06:14] - Not having a roadmap and the advantage to being more freeform
[00:09:35] - His take on the difference between a failed project versus a rugpull
[00:12:50] - Finding out that Snoop Dogg bought a Rekt Guy and made it his profile picture
[00:14:11] - What he was doing before stepping into the NFT space
[00:15:09] - Similarities and differences between trading assets on TradFi and DeFi markets
[00:17:24] - How he approaches measuring illiquidity in the NFT market
[00:19:37] - YOLO trading and minting and selling a ton of Bored Apes
[00:24:21] - The thesis of the Canary fund and thoughts on investing the money now
[00:25:23] - How he thinks about where value accrues in NFTs as an investor
[00:29:07] - When he started drawing and the road leading up to his NFTs
[00:33:22] - Lessons for newer artists coming up and building an audience
[00:35:36] - Working with Flips Finance and how he spends his days
[00:37:20] - What he’s most excited to see built over the next six months and six years
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