The creator economy's first market test📈

Good evening to all.

Happy Friday, too! Congratulations on your success! But hold off on unwinding just yet because today's topic is very fascinating. We'll discuss the first market test for the creator economy, why it matters, and how it relates to FinTech. We'll also discuss the insider trading issue with cryptocurrency, Starling Bank's profitability, and the challenger bank strategy triangle. So let's go right to the interesting parts:

Following a $725 million SPAC merger, the debut esports and digital entertainment company FaZe Clan started trading on the Nasdaq on Wednesday.

more information FaZe Clan debuted as a gaming YouTube channel in 2010—you may not have heard of them before. 93 people make up the esports and media organization FaZe today (including Snoop Dogg). It was listed as the fourth-most valuable esports organization by Forbes in May. That's really impressive!

the timing is intriguing When SPACs and public offerings have been having trouble, FaZe makes its debut. Numerous proposed SPAC agreements have been shelved or delayed as a result of the unfavorable macroeconomic situation (probably indefinitely). We recall that SPACs saw a boom in the middle of the epidemic, making up almost 70% of all IPOs last year. Virgin Galactic, Opendoor, and DraftKings

What relevance does this have to fintech and why is it important? Recently, I've been talking and writing more and more about the creator economy, which includes, among other things, influencer-led VC funds, NFT/crypto initiatives aimed at creators/influencers, and cards and neobanks for gamers.

The launch of FaZe is the first market test to determine the true value of the creative economy. Here is the key insight: