Protocol-Based Crypto Building

A business built on top of existing crypto protocols to create dynamic NFT trading cards for professional athletes, with the first success being LaMelo Ball's digital cards.

Key Components:

  • Technical Infrastructure:

    • Built on existing crypto protocols rather than creating new backend
    • Uses Ethereum blockchain for ownership tracking
    • Frontend-focused development with slick website design
  • Product Features:

    • Dynamic NFT cards that update based on player's real-world achievements
    • Pack-opening experience similar to physical trading cards
    • Multiple tiers of rewards/cards with different probabilities
  • Business Model:

    • Initial drop with LaMelo Ball generated over $300,000
    • Other NBA players, including major stars, reached out for similar deals
    • Protocol takes a cut of every transaction
  • Go-to-Market Strategy:

    • Founder had experience helping artists go viral on TikTok
    • Got media coverage through ESPN announcement
    • Success with first athlete (LaMelo) led to inbound interest from other players
  • Key Innovation:

    • Using existing protocols allowed quick development without deep technical expertise
    • Focus on securing athlete partnerships rather than building technology
    • Dynamic updating based on real performance creates ongoing value
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

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