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How NFT DAOs Could Shape the Next Blockbuster, Fund Poetry and Change VC - Ep.315

Feb 1, 2022

Guest

Trevor McFedries

Trevor McFedries, CEO of Dapper Collectives and founder of Friends With Benefits DAO, delves into the future of DAOs and NFTs. He shares insights about his journey from creating the virtual influencer Lil Miquela to building community-driven platforms. Trevor discusses the unique dynamics of venture capital within DAOs, stressing the need for trust and community engagement. He also reveals plans for Friends With Benefits and the importance of inclusivity in the crypto space, while exploring the potential of social tokens to redefine creative collaboration.

01:03:38

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ANECDOTE

Diverse Background

Trevor McFedries' background includes music, tech, and creating Lil Miquela.
He worked at Spotify, founded Brud, and now leads Dapper Collectives.

insights

INSIGHT

Brud's Vision

Brud aimed to create impactful media narratives through virtual celebrities like Lil Miquela.
The goal was to promote empathy and tolerance on a global scale.

insights

INSIGHT

Dapper Collectives' Mission

Dapper Collectives' vision is to mainstream DAOs and empower creators.
They aim to build tools for creators to capture value and engage fans.

Get the Snipd Podcast app to discover more snips from this episode

From Beats to Bytes: Bridging Music and Tech

04:14 • 4min

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Dapper Collectives and the Future of DAOs

08:30 • 20min

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Venture Capital Meets Community

28:59 • 5min

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Exploring Community Dynamics and Legal Implications of FWB Tokens

34:07 • 4min

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Creative Collaboration and Inclusivity in the Digital Age

38:36 • 19min

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The Rise of DAOs: Shaping Change and Community Engagement

57:10 • 6min

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#175

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The Cryptopians

Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze

Laura Shin

The Cryptopians delves into the story of idealists, technologists, and opportunists fighting to bring cryptocurrency to the masses. The book focuses on the founding of Ethereum by Vitalik Buterin and the subsequent crypto fever it created. It introduces readers to larger-than-life characters such as Buterin, Charles Hoskinson, and Joe Lubin, highlighting the personal and professional conflicts that shaped the early days of Ethereum. The narrative explores the booms, busts, and internecine wars within the crypto world, revealing it as a deeply personal struggle to influence the coming revolution in money, culture, and power.

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The age of cryptocurrency

Paul Vigna

In 'The Age of Cryptocurrency', Paul Vigna and Michael J. Casey provide a thorough analysis of Bitcoin's history, its underlying blockchain technology, and the broader implications of digital currencies on the financial system. The book delves into the economic, social, and technological aspects of cryptocurrencies, highlighting their potential to disrupt traditional financial structures and offer new opportunities for financial inclusion.

Dapper Collectives CEO and Friends With Benefits founder Trevor McFedries joins Unchained to discuss social tokens, NFTs, the creator economy, $FWB, VC snacks, DAOs, Cooper Turley, and more. Show highlights:

Trevor’s past, which includes a top 10 album, working at Spotify, founding Brud, creating Lil Miquela, and, of course, falling down the crypto rabbit hole
what Trevor’s vision for Dapper Collectives is
what type of activities DAOs will facilitate in the future
why Trevor is so excited to be working with Dapper Labs and Flow
what Friends With Benefits is and how the $FWB token works
what sort of tokens make up the Friends With Benefits treasury
why venture capitalists who want to be involved with Friends With Benefits need to have a good snack game
why Trevor is not worried about $FWB becoming a security
what plans Friends With Benefits has in store for 2022
Trevor’s response to Friends With Benefits suspending co-founder Cooper Turley regarding 10-year old racist and homophobic tweets
what can be done to onboard a more diverse demographic to crypto
how Trevor defines the passion/creator economy
what Trevor is looking forward to in 2022 regarding NFTs, DAOs, and social tokens

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Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021

Beefy Finance: https://beefy.finance

Bosonic: https://bosonic.digital/

Episode Links

Trevor Mcfedries

Twitter: https://twitter.com/whatdotcd
LinkedIn: https://www.linkedin.com/in/trevor-mcfedries-0a5285a8/

Work

CEO - Dapper Collectives
- Decrypt write-up: https://decrypt.co/82517/dapper-labs-nfts-daos-collectives-brud
- Announcement: https://medium.com/dapperlabs/the-future-of-x-is-decentralized-bb3245faf1b1
Founder → Brud
- Twitter: https://twitter.com/makebrud
- Website: https://www.brud.fyi/
- Lil Miquela: https://www.instagram.com/lilmiquela/
- Acquisition by Dapper Labs: https://techcrunch.com/2021/10/04/nft-startup-dapper-labs-acquires-virtual-influencer-startup-brud/
- AI Influencers: https://mailchimp.com/courier/article/ai-influencers/

Friends With Benefits

Basics
- FWB website: https://www.fwb.help/
- Mirror: https://fwb.mirror.xyz/
- Twitter: https://twitter.com/fwbtweets
- FWB Etherscan: https://etherscan.io/token/0x35bd01fc9d6d5d81ca9e055db88dc49aa2c699a8
- CoinMarketCap: https://coinmarketcap.com/currencies/friends-with-benefits-pro/

Background Reads
- Trevor’s role: https://consensys.net/blog/codefi/friends-with-benefits-a-new-model-for-social-tokens-on-ethereum/
- a16z investment: https://a16z.com/2021/10/27/investing-in-friends-with-benefits-a-dao/
- FWB deep dive: https://ra.co/features/3914
- Intelligencer write up: https://nymag.com/intelligencer/2021/10/whats-a-dao-why-your-group-chat-could-be-worth-millions.html
- Coindesk write up: https://www.coindesk.com/business/2021/11/09/the-social-token-network-rally-friends-with-benefits-and-the-future-of-branding/

Cooper Turley removed from DAO
- https://www.coindesk.com/business/2022/01/15/crypto-influencer-cooper-turley-removed-from-fwb-over-2013-bigoted-tweets/
- - Backlash to removal:

https://twitter.com/mewn21/status/1482202603563798530

WHALE treasury tokens
- https://snapshot.org/#/friendswithbenefits.eth/proposal/QmWnifY3KD5ECJNtQ23m9GHt2oQ1McA3T4DEEpFarPy9jW

Additional Links

Sound.xyz
- https://www.sound.xyz/
Catalog
- https://beta.catalog.works/
Daily Ape on DAOs: https://thedailyape.notion.site/DAOs-95332c7ab79c49dc89f9a72c628dfeb8
Social Tokens:
- Cooper Turley:
- - https://coopahtroopa.mirror.xyz/DYSs-mhdJi1uXZTaiyJfwiFZYAF9kRK6yBsAplk6A68

Linda Xie:
- https://linda.mirror.xyz/4PDBWBMpFFPVEsP5EGgg5to2AyEpEHEXasq_K0b-yYk
Forefront: https://forefront.market/learn/social-tokens

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