DeFi-lization of Non Fungible Tokens, Whale Shark of $WHALE | Summary and Q&A

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October 9, 2020
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The Metaverse Podcast
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DeFi-lization of Non Fungible Tokens, Whale Shark of $WHALE

TL;DR

Whale Shark, the founder of the Whale Community, discusses the growth and impact of NFTs and the role of social currencies in disrupting traditional financial systems.

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Key Insights

  • 👾 Whale Shark's pseudonym represents the balance between being a peaceful investor (whale) and a sharp deal-maker (shark) in the NFT space.
  • 💍 The Whale Community has contributed to the growth and success of the NFT market by investing in rare NFT assets and fostering a knowledgeable and engaged community.
  • 🥹 Price stability is maintained in Whale through liquidity mining and hold-to-play roles, reducing market manipulation and encouraging long-term investment.
  • 📺 Whale's vision includes further integration of NFTs and DeFi mechanisms to drive innovation and growth in both industries.

Questions & Answers

Q: What is the inspiration behind the name "Whale Shark" and how does it represent your role as an investor and social entrepreneur?

The name Whale Shark represents the dichotomy of being a peaceful whale and a sharp investor in the NFT space. I believe that all investors are a combination of the two, and the pseudonym reflects this balance.

Q: How has the NFT market evolved over the past year, and what role has the Whale Community played in its growth?

The NFT market has seen exponential growth recently, and the Whale Community has been at the forefront of supporting NFT projects and fostering a robust community. By investing in and sharing NFTs, the Whale Community has helped drive adoption and awareness in the space.

Q: How does Whale ensure price stability and avoid market manipulation?

Whale prioritizes long-term investment and discourages trading by not selling any of the NFT assets in its vault. Additionally, the implementation of liquidity mining and the use of hold-to-play roles incentivize community members to hold their Whale tokens, reducing volatility in the market.

Q: What is the vision for the future of Whale and its impact on the NFT and DeFi industries?

Whale aims to continue growing as a stable and influential social currency, supporting NFT artists, creators, and collectors. In addition, Whale is exploring the integration of NFTs with DeFi mechanisms, creating innovative ways for liquidity mining and incentivizing participation in the ecosystem.

Summary & Key Takeaways

  • Whale Shark, founder of the Whale Community, is a social entrepreneur and investor with a focus on supporting NFT projects in the Web3 space.

  • The Whale token is backed by a vault of rare NFT assets, creating value and stability in the social currency.

  • The Whale Community fosters knowledge sharing and collaboration among NFT enthusiasts through Discord, educational initiatives like Whale FM, and events.

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