Jacob Frantz and Zak Salmon, Founders of FirstMate

Web3 Galaxy Brain 🌌🧠

Web3 Galaxy Brain on Gitcoin

My guests today are Jacob Frantz and Zak Salmon, founders of FirstMate.

FirstMate lets Creators build and host their own secondary NFT marketplaces. Creator-owned marketplaces can display all of an artist or team's collections across minting platforms, enforce royalties, and source liquidity from the most popular marketplaces thanks to Reservoir. In its initial version, FirstMate is served as an app within the Manifold app store, and it will become its own website soon.

On this episode, Jacob, Zak and I discuss the evolving NFT landscape, what it's like running the most popular Reddit Collectible Avatars secondary marketplace, and how FirstMate works under the hood. If you're interested in the art and business of NFTs, this episode is for you.

It was a pleasure chatting with Jacob and Zak who are insightful, kind, and persistent. I hope you enjoy the show.

As always, this show is provided as entertainment and does not constitute legal, financial, or tax advice or any form of endorsement or suggestion. Crypto has risks and you alone are responsible for doing your research and making your own decisions.

Links

• Hosted by @nnnnicholas (Telegram)
• Firstmate
• FirstMate's Twitter
• Jacob Frantz and Zak Salmon
• Sound Market
• "Every artist deserves to own their marketplace."
• XCopy's site
• Reddit Collectible Avatars (Dune) (r/CollectibleAvatars) (FirstMate's Marketplace)
• Noble Gallery

Chapters

(00:00:00) Intro

(00:01:42) Interview start

(00:03:00) Every Artist Deserves To Own Their Marketplace

(00:11:00) The New FirstMate Manifold app

(00:16:00) Creators and NFTs

(00:22:30) Creator Insights

(00:24:15) Reservoir vs FirstMate

(00:25:33) Having everyone in one place

(00:33:00) Reddit Collectible Avatars

(00:40:00) Indexing Shared Contracts

(00:44:00) Creator Owned Primary Storefronts

(00:44:30) Creator Storefronts Are For Communication

(00:45:00) Background at Instagram and Walmart

(00:47:40) Metrics

(00:57:00) The Royalty Wars

(01:11:00) Sound’s secondary market

(01:13:15) 90cc’s secondary market

(01:18:00) Bankless’s secondary market

(01:24:00) How FirstMate is built

(01:36:00) NFTs Enable Niche Creator Monetization

(01:41:00) What comes after NFTs?

(01:47:30) New-To-Crypto Creators

(01:55:00) Scarcity

(01:56:15) Outro