306: Changing the NFT Media Space

Welcome to another great episode of Startup Junkies!   On this episode of Startup Junkies, hosts Caleb Talley, Matthew Ward, and Davis McEntire sit down with Joe Payne, co-founder and CEO of Society of the Hourglass, as well as a serial entrepreneur who also founded Moxy Ox. After working for RevUnit for six years, Joe felt like he needed something different. So, after kicking around ideas for a while, he came across web3 and NFTs and founded the Society of the Hourglass to create new job opportunities and push the entertainment industry in Northwest Arkansas forward. Throughout the episode, Jeff, Matthew, Davis, and Joe discuss NFTs and the inspiration, challenges, and opportunities surrounding The Society of the Hourglass.   Shownotes: (1:47) Introduction to Joe Payne (3:12) Introduction to The Society of the Hourglass (6:12) The Dynamic of the NFT Space (13:17) The Society of the Hourglass Narrative (16:19) How the Society of the Hourglass Started (18:31) Inspiration behind the Society of the Hourglass (20:52) Challenges with the NFT Space (25:06) Opportunities for the Society of the Hourglass (27:20) End Goal for the Society of the Hourglass (29:45) Funding for the Society of the Hourglass (33:53) NFTs as a Financial Related Asset (39:47) Advice to Younger Self (41:07) Closing Thoughts   Links: Caleb Talley Matthew Ward Davis McEntire  Joe Payne The Society of the Hourglass   Quotes: “The spirit and ethos of the space is really leaning into decentralization and greater access and distribution for the everyday person…I think there is a really powerful move to be made and I think it’ll shift online things like e-commerce, entertainment, IP, and things like that.” - Joe Payne, (7:49)   “The spirit of what we’re trying to do though is just co-create with all of the people that are supporting early on and that’s where all of the really interesting and fun ideas come from. You’ve got people that get it and are involved because they want to contribute and put their mark on it.” - Joe Payne, (12:07)   “The possibilities are endless, right? I think really, it just comes down to how the market receives it and what people get excited about and where they want to see the brand brought to life.” - Joe Payne, (26:23)