Ripple's partial win against the SEC is setting off shockwaves across crypto. This is the 30min opinion commentary on the case you can't miss.

❗Don't miss Lewis' previous podcast with us explaining DLx Law's thesis piece, The Ineluctable Modality of Securities Law: https://youtu.be/TuSijQS6utA

Sit down with Sam Peurifoy of Playground Labs & Lewis Cohen of DLx Law, who famously penned the massive (& likely Ripple-impacting) thesis piece the "Ineluctable Modality of Securities Law" earlier last year, which has been included in an amicus briefs filed by Paradigm. The crux of the argument is that while certain issuer-to-investor transactions may be correctly labeled as securities transactions, there's a lot more nuance to the story when you move into secondary transactions which may not involve the original issuer (or token creator) at all. 

Lewis' Twitter: https://twitter.com/NYcryptolawyer
DLx Law's Twitter: https://twitter.com/dlxlawllp
Sam's Twitter: https://twitter.com/SamPeurifoy
KAP Games' Twitter: https://twitter.com/KAPGamesGG

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/13227456

Watch on YouTube: https://youtu.be/Q8LI4_Q7HSg

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0:00 - Intro
1:00 - Ripple Case Overview
3:10 - The Four Big Categories
6:10 - Sales on Exchanges, "Programmatic"
9:20 - Impact to Exchanges & Projects
11:00 - Ineluctable Modality Thesis
14:15 - Decentralization in Background
19:00 - No Issuer-to-Investor Txs on Exchanges
22:10 - Are Tokens Commodities?
25:30 - Employees & Service Providers Sales
29:00 - Airdrop & Service Implications
33:30 - Founders & Insider Sales
36:45 - Concluding Thoughts
37:30 - Outro

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Sam is the CEO of Playground Labs, a web3 venture studio, and  he is a Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of web3 asset management SaaS tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment #metaverse #roblox #fortnite #uefn #creativemode

What happens when real studios start building games inside of Fortnite, Roblox, and Minecraft? What's Walmart got to do with the metaverse?

Join Yon Raz-Fridman, CEO at Supersocial, a studio and agency producing games and experiences for brands across platforms like Roblox, Minecraft, Fortnite, and other emerging web3 projects, as we dive into what makes brands so excited to get into the metaverse. Supersocial touches on a core theme of interest of ours in 2023, which is the intersection of commercial interests with user-generated content on supportive platforms. 

We dig in on commercial interactions with UGC tools and the "metaverse," how player numbers look in branded experiences, and what's next for the space as a whole. Yon is at the ground level of the movement, and his experience in working with brands to bring their experiences to life is an excellent lens with which to view the current ecosystem.

Yon's Twitter: https://twitter.com/yonatanrf
Supersocial's Twitter: https://twitter.com/SupersocialPlay
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/12817713

Watch on YouTube: https://youtu.be/VkVcRgmb2pM

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0:00 - Intro
0:40 - Yon & Supersocial's Background
1:50 - Size of Supersocial
2:55 - What do Brands Want in Game Worlds?
4:20 - What Platforms do Brands Prefer?
6:25 - Monetization
8:04 - Transmedia
11:30 - Web3 and UGC
16:35 - Will Brands Will Stay in Virtual Worlds?
18:55 - AI in UGC
20:40 - Advice for New Builders
21:40 - Outrp

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Sam is the CEO of Playground Labs, a web3 venture studio, and  he is a Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of web3 asset management SaaS tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment #metaverse #roblox #fortnite #uefn #creativemode

Data drives product and investment direction, but web3 data is noisy. What's the best data we have say about on-chain gaming?

Pedro Herrera, head of research at DappRadar, a prominent dapp distribution store and data aggregator in the space with a prolific history of quant-heavy reports. Their recent games reports give some of the best consolidated overviews of the sector we have, and help shed light on some of the macro trends that could underpin the next major movement in web3.

We dig in on how DappRadar collects data, what it sees in the future of gaming, and where some of the current data collection practices need improvement in the space. Pedro’s position at DappRadar overseeing analytics and research puts him in the perfect position to comment on that data.

DappRadar's Twitter: https://twitter.com/DappRadar
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/12723101

Watch on YouTube: https://youtu.be/su-EULyUlLY

--------

0:00 - Intro
0:50 - Pedro's Background
2:05 - Data of DappRadar
3:37 - Trends Driving Gaming's Dominance
6:55 - How Many Players Are in Web3?
10:50 - What Data is Missing
13:22 - What Data Sources Exist
17:46 - Advice for New Builders

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Sam is the CEO of Playground Labs, a web3 venture studio, and  he is a Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of web3 asset management SaaS tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment

Crypto securities regulation is complex. Where should new web3 projects look for guidance on the do's and don't's of digital asset issuance?

We dig in on where massive projects, like Polkadot, are working with regulatory agencies to come to reasonable middle ground on securities classifications. Panelists include: 

Angie Dalton, CEO and Founder of Signum Growth Capital (“SGC”), a registered broker dealer member of FINRA. The firm provides M&A advisory services and engages in placements of both private and public company securities. SGC strives to be at the forefront of emerging technologies and new economies in the metaverse, especially mass-market applications underpinned by blockchain protocols, new video game models, art, music and social networks – all things Culture Meets Crypto. SGC serves as the Lead Advisor to the Web3 Foundation, headquartered in Switzerland, and to ARK Invest, headquartered in St. Petersburg, Florida. Ms. Dalton serves on the Corporate Board of esports company FaZe Clan (FAZE-NASDAQ). An affiliate of SGC is an investor in Epic Games.

Daniel Schoenberger, Chief Legal Officer at the Web3 Foundation, the organization behind Polkadot and a number of other web3-forward grant programs and contributions.

Josh Klayman, Head of Blockchain and Digital Assets over at Linklaters.

These participants played a major role in advising or executing arguments around Polkadot’s recent communications with the SEC, which culminated in Polkadot declaring that it had morphed from a security into a software. They each represent deep foundational knowledge around the definition of securities within the digital asset space and what the space needs to move forward.

Angie's Twitter: https://twitter.com/daltonan
Daniel's LinkedIn: https://www.linkedin.com/in/daniel-schoenberger-9107836 
Josh's Twitter: https://twitter.com/josh_blockchain
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/11974930

Watch on YouTube: https://youtu.be/D-fzE4PXZG8

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0:00 - Intro
1:15 - Angie, Daniel, & Josh's Backgrounds
5:25 - What is Polkadot?
8:10 - What is a Security? Why Care?
12:45 - Implications of Polkadot's Classification
17:50 - The "Morphing Security/Software"
23:15 - Reactions from Regulators
28:52 - Parallels with Web2
35:00 - Builders Can Meet the SEC in the Middle
36:58 - Impact on Gaming
40:52 - Advice for New Builders

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Sam is the CEO of Playground Labs, a web3 venture studio, and  he is a Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of web3 asset management SaaS tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment

Crypto needs sensible regulation that both preserves the impressive potential of digital assets while protecting retail buyers from bad actors. How do we get there?

Join Lewis Cohen of DLx Law, one of the foremost dedicated crypto law firms working tirelessly to further sensible regulation and coherent understanding of finance on the blockchain. Most recently, Lewis has been involved around the theoretical support of Ripple’s case against the SEC, and he was the lead author on an extensive argument against the classification of tokens as securities, entitled “The Ineluctable Modality of Securities Law: Why Fungible Crypto Assets Are Not Securities.”

Lewis’ position at the cutting edge of regulatory considerations makes him a fantastic resource for builders and investors looking to understand the direction the industry takes from here, and we’re keen to hear his take on the long and short of the crypto game in a rapidly shifting regulatory environment.

Steve's Twitter: https://twitter.com/nycryptolawyer
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/11836645

Watch on YouTube: https://youtu.be/TuSijQS6utA

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0:00 - Intro
1:00 - Lewis' Work, Crypto Law
2:15 - What is a Security? Why Care?
4:57 - Why Fungible Crypto Assets Are Not Securities
7:45 - Then, What Are Crypto Assets?
9:54 - Decentralization Impact on Securities Definition
12:18 - Governance On/Off-Chain, Does It Matter?
17:02 - Natural Fits for DAOs
18:35 - What is Regulation Missing Today?
23:14 - Regulatory Impacts on Web3 Gaming
26:05 - Advice for New Builders

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Sam is the CEO of Playground Labs, a web3 venture studio, and  he is a Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of web3 asset management SaaS tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment

First-gen web3 games captured the imagination (and wallets) of millions worldwide. What's next?

Join Philip Collins, an associate at Konvoy Ventures, which is a prominent gaming fund that focuses on the infrastructure, technologies, and platforms that drive the frontier of gaming. Konvoy recently launched a $150mn fund to back a target of 30 gaming firms over the next two and a half years, which includes web3 gaming entities. 

Philip’s position on the team gives him a birds-eye view of the direction that early-stage gaming ventures are starting to turn in the space, and we’re keen to get his take on where web3 gaming evolves from here. 

Philip's Twitter: https://twitter.com/PhilipMCollins
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/11717028

Watch on YouTube: https://youtu.be/8DXD00e0D-o

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0:00 - Intro
0.47 - Philip's Background, Konvoy Ventures
2:30 - First Wave of Web3 Gaming
4:15 - Second Wave of Web3 Gaming
8:00 - Genres that Play Well in Web3?
12:35 - What's Missing from Web3 Gaming Infra?
16:20 - Regulatory Pressure & Web3 Gaming
18:45 - Anything People Are Missing?
21:00 - Advice for New Builders
22:55 - Outro

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Sam is the CEO of Playground Labs, a web3 protocol dev organization, and Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of institutional web3 gaming asset management tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment

Will web3 play nicely with the world's biggest mobile stores & marketplaces? How does gaming fit into the mix, and where do creators stand to gain?

Join Steve Cho of Mechanism Capital, a prominent venture capital fund in the web3 space with deep expertise across gaming, alongside Sam Peurifoy, CEO of Playground Labs and Partner at Hivemind Capital, as they consider the ramifications of web3 entering the dinosaur kingdom of gaming app stores & mobile licensing.

Steve himself previously led business efforts at Apple to understand blockchain gaming and NFTs in the context of the App Store, and brings with him a wealth of experience at the intersection of traditional and web3 gaming. His deep understanding of the broad trends impacting the gaming market coupled with a very nuanced understanding of the exact rules and regulations industry titans hold makes Steve a powerful resource for understanding the rapidly evolving industry.

Steve's Twitter: https://twitter.com/stevencho
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Listen on Buzzsprout: https://www.buzzsprout.com/2006743/11568650

Watch on YouTube: https://youtu.be/TlWRWH-jbQc

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0:00 - Intro
1:05 - Steve's Background, Apple, Mechanism
2:39 - Rewarded Video Ads, Mobile Adtech
5:55 - Apple and the App Store
8:00 - Apple and Web3
10:08 - Is Web2 Gaming Challenged by Web3?
16:00 - Web3 Still Needs Market Validation
18:10 - Centralized Marketplaces vs Web3
25:45 - Advice for New Builders
30:00

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Sam is the CEO of Playground Labs, a web3 protocol dev organization, and Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of institutional web3 gaming asset management tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

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#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment

Game economies are notoriously difficult to master, and web3 makes a potent ingredient in that mix -- but extreme care must be taken, lest the game become a recipe for disaster.

Join Mete Gulkin of Vader Research, one of the most prolific writers in the web3 gaming space who frequently shares theoretical and practical examinations of the current gaming landscape, alongside Sam Peurifoy, CEO of Playground Labs and Partner at Hivemind Capital as they dig into the nitty gritty around web3 game economy design. 

Web3 gaming has been through a tumultuous recent past, with numerous high-profile games suffering severe market downturns as a consequence of both economic design and macro conditions. Mete sits right in the nexus of that information maelstrom, and we’re keen to hear his take on how the economic structure of games going forward may continue to evolve. 

Mete's Twitter: @DeFiVader
Sam's Twitter: https://twitter.com/SamPeurifoy
Kapital DAO's Twitter: https://twitter.com/KapitalDAO

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Read the companion piece to this episode here: https://medium.com/@sampeurifoy/zero-sum-plus-zs-gaming-679b94da1438

Listen on Buzzsprout: https://www.buzzsprout.com/2006743/11409982

Watch on YouTube: https://youtu.be/U_HKTu5sxIY

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0:00 - Intro
1:05 - Vader Research
2:10 - Which Economic Models are Popular Now
6:48 - Big Web3 Games Changing Their Models
10:35 - Trends in Presales in Web3
13:25 - Scholars & Guilds in Games
18:30 - Virtual Land
21:10 - What Economies Do You Like?
23:00 - Advice for New Builders
24:56 - Outro

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Sam is the CEO of Playground Labs, a web3 protocol dev organization, and Partner & Head of Interactive at Hivemind Capital, a crypto-focused multi-strategy fund. Follow him on Twitter @SamPeurifoy. Web3 Wednesdays are sponsored by the Kapital DAO, the leading provider of institutional web3 gaming asset management tools.

The views expressed here are those of the individuals quoted and are not the views of the authors' employers or affiliates. Certain information contained in here may have been obtained from third-party sources, including from portfolio companies of funds managed by the authors' employers or affiliates. While taken from sources believed to be reliable, the authors have not independently verified such information and make no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; the authors have not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by the authors or their affiliates.

----------

#nfts #blockchain #crypto #web3 #smartcontract #gaming #nftgaming #playtoearn #venturecapital #gamedevelopment