Building a Strong Community in Web3: Insights from Bearish's Carlo Garcia

This episode of 'Everything is a Game', sponsored by Drip Rewards, features a comprehensive discussion on community building in the Web3 space. Hosted by Phil from Drip, with guests Mike, head of partnerships at Drip, and Carlo Garcia, COO at Bearish, the conversation delves into Carlo's journey into crypto and community management. Carlo shares his experiences from entering crypto in 2017 to becoming a key leader at Bearish. He highlights the essential elements of successful community management, including empathy, active engagement, and the strategic use of tools like Drip. The discussion also explores the differences between NFT and meme coin communities, the importance of rewarding active participation, and how brands in both Web2 and Web3 can benefit from a strong community focus. Mike and Carlo offer practical advice for startups and established brands alike to foster genuine, long-lasting connections with their communities.

00:00 Introduction and Guest Background
00:15 Carlo's Journey into Crypto and Community Building
03:10 Differences Between Meme Coin and NFT Communities
04:34 Maintaining Community Engagement in NFTs
07:16 Using Drip for Community Engagement
09:02 Empathy and Genuine Connections in Web3
13:32 Building Community in Web2 vs Web3
25:02 Strategies for Rewarding Community Participation
34:22 Final Thoughts and Advice for Community Building
40:44 Conclusion and Farewell

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In this inaugural episode of the DRIP podcast, Phil from DRIP Operations hosts Toli, CEO of DRIP, and Mike, Head of Partnerships, to explore what sets DRIP apart from traditional loyalty systems. Toli explains the vision behind DRIP, inspired by video game mechanics, to create engaging and interactive community experiences through gamification. They discuss DRIP's origin story, starting from Toli's childhood passion for game design to the creation of a loyalty system that employs multiple virtual currencies and incentivizes actions beyond mere purchases. Mike highlights the transformative effects DRIP has had on businesses, emphasizing its role in enhancing user retention and engagement. The team also delves into recent and upcoming features of DRIP 2.0, such as a robust quest builder, a developer kit, an app store, and premium currency options. They also touch on how DRIP can be applied across various industries, from Web3 enterprises to traditional brick-and-mortar businesses, to revolutionize the outdated loyalty systems.

00:00 Introduction to the DRIP Podcast
00:10 What Sets DRIP Apart
02:08 The Origin Story of DRIP
04:54 Drip's Impact on Communities
07:37 Gamification and Loyalty Systems
11:40 Creating Engaging Economies with DRIP
15:37 Advanced Implementations and Future Plans
24:11 Introduction to Sarasota Tech Meetup
24:17 Challenges with Event Check-ins
24:44 Incentivizing Check-ins with an App
25:50 Flexible Reward Systems
27:40 Multicurrency Innovations
29:15 Gamification and Crafting Systems
32:54 Retention and Acquisition Strategies
37:16 DRIP's Flexibility Across Industries
42:12 DRIP 2.0 Features and Future Plans
46:31 Getting Started with DRIP

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