Recorded on 26 Jan 2024 (Part 1 of 3)🎙 Convo with Michael Wagner, Co-founder & CEO, Star Atlas, hosted by Alvin Fan, CEO, OPIM (0:07) A $15M Loss to FTX: Star Atlas Reels from the Collapse (7:08) Cutting costs to survive - 20% layoffs, tightening belts in a downturn (11:35) Building on-chain world- Sage's economy: crafting revenue on the blockchain (19:24) DisclaimersIn this episode of Alpha Uncovered, Alvin Fan, the CEO of OP Investment Management, interviews Michael Wagner, the founder of Star Atlas, a crypto-based game development studio. They discuss how Star Atlas survived the crypto winter of 2022-2023, when the studio faced many challenges such as the FTX collapse, the market downturn, the token price volatility, and the difficulty of raising capital. Wagner shares how he and his team managed to overcome these obstacles and continue buildig their vision of a AAA game and a gaming ecosystem powered by blockchain and NFTs. He also talks about the unique features of Star Atlas, such as DAO governance, IP ownership, revenue generation, and immersive gameplay. The interview is a candid and insightful conversation between two founders who share their passion for building, gaming and innovation.OPIM - LinkedIn (OP Investment Management) // X (@opim_hk) // WeChat (hedgefund_club) // Website (www.opim.com.hk)Star Atlas - LinkedIn (Star Atlas) // X (@staratlas) // Medium (Star Atlas) // Website (staratlas.com)FOR INFORMATIONAL PURPOSES ONLYThis video shall not be published, circulated, reproduced or distributed or commercially exploited in any manner otherwise, in whole or in part, without the prior written consent of OPIM. Any trademarks, logos and related intellectual property rights in this video are either owned by OPIM or other third parties. This video or any of its contents have not been reviewed by the SFC or any other regulatory body. All information is provided solely for informational purposes only and is neither to be taken as advice or recommendation for any specific investment product, strategy, plan, feature or other purpose in any jurisdiction, nor intended as an offer or solicitation of offer for purchase or sale of units of any funds, shares of securities or any financial instruments. This video or any of its contents do not constitute an endorsement, offer or solicitation of offer for purchase or sale of any financial instruments or services by OPIM. All information including facts, opinions, projections and estimates based on the judgement of the author is provided “as is” and may be subject to change without notice. OPIM has no obligation to ensure such updates are brought to your attention. The information in this video has been prepared from sources OPIM believes to be reliable and without consideration of the objectives, financial situations or needs of any particular viewer. OPIM does not warrant the completeness, accuracy or reliability of any material or information and does not assume responsibility for any error of facts or opinions or for damages arising out of any person’s reliance upon such material or information. You should make independent assessment of any legal, regulatory, tax, credit and accounting implications and consult with professional advisor(s) as you consider necessary regarding any information provided in this video.
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