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Pt. 2: The collision of financial value, cultural value, community value.
How do financial institutions survive in the age of Community x Capital?
On last week’s episode, we covered how asset ownership has changed. What happens to markets when people have 💎🤲 (diamond hands)?
We ended Part 1 on a cliff hanger, asking how do traditional financial institutions and emerging companies think about underwriting new types of assets in order to enable investor to access liquidity.
In Part 2, we ask the questions about how companies can transition to the world of Web3.
Just like every company had to become a tech company during the Internet Age, is every company of the mindset that they need to become a Web3 company?
How do companies retain talent in the transition to Web3? In a world where there are now job descriptions for “Degen Shitposter,” will we soon see job descriptions for “Degen NFT traders?”
Two things emerge from the conversation:
Web3 is about Proof of Work - someone’s wallet and their activity on the blockchain, is their online identity and the proof of the work they’ve done on chain. This can be used to hire, evaluate their investments, their community memberships and affiliations.
Web3 turns everyone into an investor - not just in terms of their ability to invest dollars or crypto, but in terms of time and community engagement. Those who invest time into Web3 and invest into joining and building communities in Web3 will survive and thrive in this new world - whether they are an individual or an institution.
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By Alexis Ohanian, Michael Sidgmore
5
99 ratings
Pt. 2: The collision of financial value, cultural value, community value.
How do financial institutions survive in the age of Community x Capital?
On last week’s episode, we covered how asset ownership has changed. What happens to markets when people have 💎🤲 (diamond hands)?
We ended Part 1 on a cliff hanger, asking how do traditional financial institutions and emerging companies think about underwriting new types of assets in order to enable investor to access liquidity.
In Part 2, we ask the questions about how companies can transition to the world of Web3.
Just like every company had to become a tech company during the Internet Age, is every company of the mindset that they need to become a Web3 company?
How do companies retain talent in the transition to Web3? In a world where there are now job descriptions for “Degen Shitposter,” will we soon see job descriptions for “Degen NFT traders?”
Two things emerge from the conversation:
Web3 is about Proof of Work - someone’s wallet and their activity on the blockchain, is their online identity and the proof of the work they’ve done on chain. This can be used to hire, evaluate their investments, their community memberships and affiliations.
Web3 turns everyone into an investor - not just in terms of their ability to invest dollars or crypto, but in terms of time and community engagement. Those who invest time into Web3 and invest into joining and building communities in Web3 will survive and thrive in this new world - whether they are an individual or an institution.