Crypto, Gaming and $100m FTX Partnerships with Burg - Market Meditations

Crypto, Gaming and $100m FTX Partnerships with Burg

Market Meditations | August 10, 2021

Last week, we spoke with Burg (@burglol), who is head ofpartnerships at FTX (one of the world’s leading cryptocurrency exchanges). We dedicate today’s Market Meditations to the key insights and lessons Burg shared with us:

?‍?‍?‍? 1) The Crypto Community

Many of our guests on the Market Meditations podcast have achieved great success through interacting with the crypto community. When it comes to fundamental analysis of new projects, there are forums where you can actually converse with the team building projects. Not to mention a range of career opportunities across various crypto platforms! For Burg, it was answering questions in the chats for the FTX community that led to his current role.

Note: the crypto community is still relatively small and this leads to a lot of people fighting over the same pie/market share. A good example is the volume of people trying to secure Axie Infinity sponsorships through spam messages on social media. Try to be deliberate; providing genuine value and interactions. 

? 2) Passion As A Tool 

Burg disclosed that the FTX team are big League of Legends fans. Great things are accomplished through discipline and consistency; not directly from passion. However, passion gives us an edge, it makes discipline and consistency far easier. You’ll have a much easier time if you have a genuine passion for something in the crypto space: be that NFTs, DeFi projects or Technical Analysis.

Once you have identified something you are interested in, the sky’s the limit. The FTX CEO consistently pushed the team to “think bigger” which took them from potentially sponsoring a tournament to buying the Miami heat stadium.

? 3) Sustainable Habits 

Crypto can be addictive. Burg stresses the importance of taking breaks from work. When focus fades, breaks optimise your efficiency. Rather than make poor decisions and perform sub-optimally, Burg will recharge with a walk or workout. This is especially true of trading, where it is essential to ensure your decisions are based on focused and deliberate intention.

Further Resources: 

0

🧘‍♂️Crypto, Gaming and $100m FTX Partnerships with Burg

Market Meditations | August 4, 2021

Early Podcast Access

Dear Premium Meditators

We are delighted to be sharing early access to our latest podcast.

Remember to let us know how you found it on the #podcast channel in the premium-members only Discord server.


? Crypto, Gaming and $100m FTX Partnerships with Burg

? Premium Subscribers Can Click Here For Early Access

Burg is head of partnerships at FTX. FTX is one of the world’s leading cryptocurrency exchanges, recently completing a series B fundraising round of $900 million, that values the company at $18 billion! Their partnerships consistently make breaking and international headlines, such as: 

  • Teaming up with Dolphin Entertainment to create an NFT marketplace that will target brands within sectors such as sports, entertainment, gaming, esports and charity.

  • A deal with Major League Baseball (MLB) that involves FTX branding appearing on all umpire uniforms starting at the All-Star Game in Denver.

  • Buying the naming rights to the Miami Heat’s basketball arena!

? Key Takeaways for the podcast: 

  1. Passion as a tool.
    A lot of the FTX team love to play League of Legends, naturally this makes a partnership with LCS and TSM exciting. Great things are accomplished through discipline and consistency; not directly from passion. However passion gives us an edge, it makes discipline and consistency far easier.

  2. Give value to the community.
    So many of our guests have found opportunities in crypto by providing value at the right time and place. For Burg, it was answering questions in the chats for the FTX community that led to his current role.

  3. Think bigger.
    Burg mentioned the one thing all FTX’s partnerships had in common was size. Sam consistently pushes the team to “think bigger” which took them from potentially sponsoring a tournament to buying the Miami heat stadium.

  4. Growing the pie.
    The crypto community is still relatively small and this leads to a lot of people fighting over the same pie/market share. FTX strives to grow the pie by tapping into new markets and bringing in new participants.

  5. Analyzing market sentiment.
    Burg primarily uses Twitter and trading chats to check general market sentiment. He thinks it’s extremely important to at all times keep a close eye on the market.

  6. Taking breaks.
    Burg stresses the importance of taking breaks from work when focus fades. Rather than make poor decisions and perform sub optimally Burg will recharge with a walk or workout.


Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision. See our important security disclaimers here

Disclosure. Some of the links we’ve included are affiliate, they give you rewards and discounts and earn us a commission. Additionally, the Market Meditator writers hold crypto assets. See our investment disclosures here.



0

One More
Thing.

Not Sure Yet?

40,000+ traders & investors trust Market Meditations on their journey to achieve financial freedom and build wealth through crypto.

100% free. No spam. Unsubscribe whenever.