Today, I am talking to Gagan Palrecha, the CEO of NFTSTAR, a new Bay Area startup in the NFT sports space. Palrecha is an engineer by training and has been fascinated by sports & music since his youth. We cover some of the stops across his career, the build-up to his current role, including time at Dapper Labs as VP of Operations. We go deep into the blockchain, crypto, NFTs, Web 2.5 to 3.0, the metaverse, digital stadium, play-to-earn, and many more current buzzwords and of course, his vision for NFTSTAR.
Palrecha grew up playing sports & had a passion for music. After studying computer engineering and science, he was attracted to the startup scene in San Francisco in the early 2000s.
Palrecha joined Loudcloud, a startup backed by VC company Andreessen Horowitz, before moving to a few other startups.
As his first entrepreneurial exploits, Palrecha started First Time Records.
Palrecha helped develop a space for artists and creators at the following businesses:
Zattoo -- live streaming, the first virtual cable operator
Peekok -- a platform to help artists and labels create a direct retail relationship with fans, via social and interactive marketing (early days of NFTs)
Chirply -- fundraising for design marketplace
2013: Blockchain and Bitcoin
The concept of a distributed ledger that governs ownership without government interference fascinated him.
Palrecha’s experience at Dapper Labs:
Crypto Kitty was the first big project for Dapper, before it was called Dapper Labs.
The NBA took a risk and jointly created NBA Top Shot in 2020. By the end of 2020 and early 2021, NFTs took off and NBA Top Shot lead the way.
Over 1 billion worth of trading volume with NBA Top Shot.
What worked and didn’t work at the height of NBA Top Shot:
Gagan Palrecha joined NFTSTAR as COO in September 2021, and is responsible for business development and operations, strategic partnerships, and product strategy. As the former Vice President of Dapper Labs, creators of NBA Top Shot and the Flow blockchain, Palrecha brings extensive experience and expertise in the NFT startup space. He has held several leadership positions in business development, product and operations and has done extensive work in Europe and Asia. He is also an active angel investor through his investment fund, Palrecha Capital. Palrecha is a graduate of the University of Michigan, and currently resides in the Bay Area.