27. Mike Montgomery: Building the future platform for content creators on Web3.

EARLY - The Business of web3 from Bankless Consulting

Welcome to EARLY, the podcast about web3 business from Bankless Consulting. DSide's guest today is Mike Montgomery, the co-founder and Chief Creative Officer at Remx, a Web3 platform that enables creators to grow their communities with exclusive memberships, rewards, and loyalty programs. The Remx platform consists of three core components: community, rewards, and commerce. The platform will operate as a one-stop shop for creators to build a following and offer token-gated rewards while also incorporating e-commerce, providing a centralized location for community engagement and merchandising. In the episode, Montgomery expresses his desire to make these tools accessible to everyone and build the infrastructure necessary to facilitate their widespread adoption. The two discuss Montgomery’s previous work in owning an apparel store and how it led him to recognize the value of digital wearable assets, particularly after witnessing the popularity of Fortnite among his children. He talks about how he envisions a future where fashion and the metaverse intersect, allowing people to purchase physical items and unlock identical digital versions. He noted that high-end fashion companies like Louis Vuitton have already experimented with digital assets, such as exclusive drops that reward customers with the right to purchase new items. The two then move on to discuss the current limitations in the industry and how Web3 is currently too technical for most people. Montgomery emphasized the importance of meeting users where they are. He explains how Remx aims to make the platform approachable, allowing users to join with either a crypto wallet or their email address and credit card. Their goal is to reduce entry barriers and gradually transition users to single wallets as the industry evolves. At the end of the episode, DSide asks what the future looks like for Remx. Montgomery explains that Remx plans to launch the first version of its platform accessible to everyone in July 2023. They aim to establish their own community, implement their own rewards, and start selling. Social features will be added later based on community feedback, as Remx aims to grow alongside its user base. Montgomery reemphasizes that Remx has a solid foundation but acknowledges that they are still in the early stages of explaining the true potential of Web3 to a larger audience. ***Timestamps*** 0:00 - Guest Background 2:40 - NFTs 8:04 - Three components of Remx 11:08 - Loyalty and loyalty programs 13:30 - Experimenting with different models in Remx 19:20 - Mike Montgomery’s previous work owning an apparel store 25:40 - Gaming 30:44 - Dream client 37:14 - Future of Remx ***Additional Resources*** Remx Website Remx Twitter Mike Montgomery Website If you found this show informative, enlightening, fun, or just plain fire - please leave us a review on Apple podcasts to help us grow! Be sure to follow us and our guest on social media to unlock the latest web3 alpha. ***Links*** Bankless Consulting Twitter Bankless Consulting LinkedIn Bankless Consulting Newsletter Early Podcast on YouTube