This Week in Startups

GameStop poaches Amazon execs, Streaming stalls + Genies CEO Akash Nigam on Avatars & NFTs | E1233

Jun 16, 2021

Akash Nigam, Founder and CEO of Genies, discusses the transformative power of digital avatars and NFTs in the virtual marketplace. He argues that everyone will soon have an avatar, reshaping online interaction. The conversation touches on the evolution of celebrity culture in the digital age, showcasing how figures like Cardi B engage with Gen Z through avatars. Nigam also highlights the innovative collaborations driving sales in digital goods, emphasizing the importance of relatability and enjoyment in appealing to younger audiences.

01:05:05

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Episode guests

Akash Nigam

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Episode notes

Intro

2min

Examining Tether's Red Flags and the GameStop Phenomenon

5min

GameStop's Rise: A Shift from Brick-and-Mortar to E-Commerce

5min

Navigating Remote Work Challenges and GameStop's Market Potential

5min

GameStop's Growth Strategy and the Power of Community

7min

Amazon's Massive Investement in Series and the Rise of Digital Avatars

3min

The Evolution of Digital Avatars

10min

Exploring Digital Avatars and Cost-effective Cloud Solutions

2min

Avatars and Celebrity Culture in the Digital Age

6min

10.

Engaging Youth in the Digital Goods Revolution

19min

11.

Exploring the Future of Avatars in the Metaverse

2min

Jason kicks off the episode with the news: an update on the Tether (02:02), how Gamestop poached Amazon talent (06:17), and the first-ever decline in the average number of streaming accounts per household (19:04). Then, Akash Nigam joins to discuss his company Genies, why everyone will have an avatar, the metaverse, NTFs & more (25:10).

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