The PurpleTrader Show: Eps 3 - Meebits DAO, Square Bears NFT & the Future of Gaming

In this episode, we talk about the social tokens of the week and speak to Teddy, a Web3 enthusiast and Solidity developer. Teddy is a member of the MeetbitsDAO and a community manager at Square Bears, an NFT project.

Full Episode

Social Tokens of the Week

For the past couple of weeks, we have focused on social tokens in sports that we believe are worth checking out. These social tokens are excellent case studies on how sports and crypto can unite and reward both parties in a new and engaging way. This week, we decided to switch it up and focus on social tokens that our audience has asked us to discuss. The social tokens we will discuss cover various topics, such as the creator economy, asset preservation, and product development.

When we feature these social tokens, we look at several things. These social tokens can be trending, creative, hidden gems, or innovative. T.O.W. should not be taken as financial advice but as informative and educational content.

What Is MeebitsDAO? MeebitsDAO Explained

MeebitsDAO was born out of a single ambition: to create a vehicle for funding innovative projects that will develop the ecosystem around Meebits. Teddy talks about his experience contributing and participating in the MeebitsDAO.

What is Square Bears NFT? - How Is This Project Innovating Gaming

Teddy talks about his involvement in the Square Bears NFT project and how Square Bears is innovating gaming. Square Bears are 1,500 amazingly generated works of art created by Senior 3D Designers at Warner Bros Games. These bears were crafted over the course of months with attention to the smallest of details.

Why NFTs & Gaming is the Future

The blockchain gaming industry grew 2,000% in the past year, according to a DappRadar and Blockchain Game Alliance report from Q1 2022. The report added there were $2.5 billion in investments for the blockchain gaming space last quarter, compared to the $4 billion raised for the sector across all of 2021, showing a significant acceleration in money pouring into this space. Teddy talks about the future of gaming and NFTs, and why gaming is popular in Web 3

Decentralized or Centralized Metaverse? - Will META Survive?

The metaverse market was worth $478.7 billion in 2020 and is expected to be worth $800 billion by 2024.  Additionally, reports indicate that by 2026, 25% of people will spend an hour in the metaverse, and 30% of companies will offer services and products for the metaverse. Teddy breaks down the different types of metaverse and which one he prefers in the future.  

What Is a DAO & How Do I Join?

DAO stands for decentralized autonomous organization. DAOs are internet-native organizations collectively owned and managed by their members. They have built-in treasuries that are only accessible with the approval of their members. Decisions are made via proposals the group votes on during a specified period.

Will Regulations Be the End of DAOs?

DAOs will be subject to more regulations in the next couple of years. Teddy & Andre discuss what the future looks like for DAOs and what role legislation will play.

Closing Remarks

**These videos should not be taken as financial advice but as informative and educational content. Please do your own research.**

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