Amy Wu on Why FTX Is So Excited About Web3 Gaming - Ep.345
Unchained
Gaming's Crypto Evolution
This chapter explores the transition of a prominent VC partner into a leadership role in a crypto exchange's gaming unit, focusing on NFTs and Web3 integrations. It discusses the regulatory challenges of compliance, the backlash from traditional gamers, and the evolving monetization models in the gaming industry. The conversation highlights the potential for mainstream crypto adoption through gaming while acknowledging skepticism around play-to-earn structures.
Amy Wu, head of FTX ventures and gaming initiatives, discusses her role at FTX, what problems need to be addressed in the web3 gaming world, and her thoughts on APE and Yuga Labs as a board member of Apecoin DAO and investor in Yuga Labs. Show highlights:
- what Amy does at FTX
- how her background investing in gaming prepared her for her role at FTX
- Amy’s vision for FTX’s gaming studio
- how FTX is helping gaming studios get into web3 and NFTs
- why Amy thinks blockchain games are the evolution of the ‘free to play’ gaming archetype
- what best practices Amy believes web2 companies should implement when transitioning into web3 gaming
- why there is so much backlash against traditional companies incorporating NFTs (hint: it’s not just about environmental concerns)
- how FTX Ventures is looking to deploy capital and why it is so interested in Korea and India, specifically
- why Amy thinks the L1 wars will end with just a few winning chains
- why “consumer products” are going to be more important than high throughput blockchains in onboarding the next billion users
- what Amy’s role as a board member of Apecoin DAO is like
- what Amy thinks about APE and Yuga Labs
- trends for the rest of 2022: social media, dating apps, and more…
Tickets to the Cryptopians Book Clubs Go on Sale Today at 1pm ET!
Today, Tuesday, April 26, at 1pm Eastern Time, we will sell the NFT tickets to five book clubs to discuss my book, The Cryptopians. All the book clubs, which are 90 minutes and limited to 22 participants each, will be hosted by me and will take place on my Discord from May 2nd to May 10th. The sale will will take place on Bitski: bitski.com/@laurashin/created
The dates and times for the book clubs are:
- Monday, May 2, at 8 pm ET
- Tuesday May 3, at 1pm ET with Lefteris Karapetsas, Griff Green, and Christoph Jentzsch of the DAO
- Thursday, May 5, at 12pm
- Monday, May 9, at 12pm ET with Andrey Ternovskiy of Chatroulette
- Tuesday, May 10, at 3pm ET
Again, the link for the sale is at https://www.bitski.com/@laurashin/created.
Also, join me for a Twitter Spaces, hosted by Bitski (https://twitter.com/bitski), at 12pm ET today.
Unchained Is Hiring!
Find out information on the three openings at Unchained and how to apply here:
- part-time remote social media marketing manager:
- part-time remote editorial assistant:
- part-time remote video/audio producer:
Thank you to our sponsors!
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Episode Links
Amy Wu
- LinkedIn: https://www.linkedin.com/in/amytongwu/
- Twitter: https://twitter.com/amytongwu
Roles
- FTX Gaming
- Apecoin DAO Board
- FTX Ventures
FTX Stuff Going On
- NFT lounge at Coachella
- FTX Ventures x SuperteamDAO (India)
- Acquisition of Good Luck Games
- FTX Africa
- Com2uS, a publicly-traded company, launched a token on FTX
- FTX launch in Europe
- YGG India push for FTX
- FTX Future Fund
- $400 million raise w/ plans for M&A’s
Miscellaneous
- Blockchain gaming backlash
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