#982 Chris Adamo On How Miami Is Taking Over The Tech World
5/29/2022 · 46 min · transcript via mlx
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Key topics
— Miami's transformation into a global tech and crypto hub over the past decade, driven by welcoming culture, talent migration, and capital inflows from Silicon Valley and beyond.
— The role of Mayor Suarez and early Miami OGs in positioning the city as a "capital of capital" for Web3 and blockchain innovation.
— NFTs as membership clubs and community-driven projects rather than pure investment vehicles, using examples like Bored Apes and Club 11.
— Flamingo Capital's thesis: investing in 23 Miami-based companies since August, focusing on Web3, blockchain, and digitally native industries.
— The importance of community-first thinking, niche scaling, and local focus over "everything to everybody" approaches; rooting for one another rather than attacking competitors.
— Onboarding friction and user experience as the biggest unresolved critique of Web3 and NFTs; the need for better interfaces and wallet management solutions.
Market & price signals
— None discussed.
Actionable insights
— If evaluating an NFT project or Web3 community, prioritize founders and teams focused on real-world utility and direct engagement with members; Bored Apes succeeded because the first 1,000 members became core ambassadors.
— Attend in-person events and meetups (e.g., Miami Tech Happy Hour, Wednesdays at the Freehold) to build genuine networks and learn from founders and investors firsthand; this is how early capital and opportunities flow in emerging ecosystems.
— Consider Web3 membership models (NFT-based clubs, Discord communities, DAOs) as complements to traditional memberships or SaaS platforms; the real value lies in transferability, governance rights, and recurring member-exclusive drops and experiences, not price speculation.
Episode sponsorships
Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.
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