Will Every Piece of Media Enter the Internet as an NFT? Variant Fund Says Yes

Variant Fund is a venture capital firm that describes itself as “a first-check crypto fund investing in the ownership economy.” Jesse Walden and Li Jin, co-founders and general partners at Variant, join Unchained to discuss the ownership economy, issues with web2 and web3, NFTs, the future of work, and more. Highlights: where Li and Jesse met and how their backgrounds as investors + founders led them to the crypto space how Li’s investing niche, which she describes as the passion economy, ended up intersecting with crypto why Li believes that web3 platforms will be better for creators than the current web2 ecosystem why Jesse was so inspired by Bitcoin after working in the music industry for so many years why Jesse believes that NFTs are the “port of entry” for the mainstream adoption of crypto what other use-cases exist for NFTs outside of the JPEG or PNG meme (and why Jesse is so excited about music NFTs) why Li believes that web3 tools can help fix the issues inherent to the “gig economy” Li and Jesse respond to criticisms of web3 coming from Jack Dorsey and Moxie Marlinspike how Variant Fund thinks about investing in crypto projects what token allocation Variant Fund targets when investing in crypto projects why mainstream platforms are experiencing backlash for integrating with NFTs and crypto what trends in NFTs, DAOs, and the ownership economy Jesse and Li think will pop in 2022 Get Access to Premium Content Sign up for a premium Bulletin subscription! 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Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021           Beefy Finance: https://beefy.finance   Bosonic: https://bosonic.digital/ Alchemy Pay:  https://alchemypay.org   Episode links   Li Jin Twitter: https://twitter.com/ljin18  Substack: https://li.substack.com/ Li Jin on the creator economy The future of the creator economy https://drive.google.com/file/u/1/d/1C3fBfPgWxf-zqezGlPFr7VXIetlHlnaZ/view  https://twitter.com/ljin18/status/1454096370281943041  What the creator economy is doing wrong https://li.substack.com/p/legitimacy-lost  How to fix the “gig” style economy for creators https://li.substack.com/p/the-creator-economy-is-in-crisis How the creator economy could power universal basic income https://li.substack.com/p/the-case-for-universal-creative-income What labor should look like in Web3 https://li.substack.com/p/a-labor-movement-for-the-platform Building the middle class of the creator economy https://li.substack.com/p/building-the-middle-class-of-the Other Web3 is the “golden age” of content https://every.mirror.xyz/y_WLA-Tk3VF5uPqHi-glDLVVfHxLUbjXakRI7SMISas  Transitioning to Web3 from a non-tech perspective https://twitter.com/ljin18/status/1479111931977867275    Jesse Walden Twitter: https://twitter.com/jessewldn  Website (no blogs since 2020): https://jessewalden.com/  Random Tweets DAOs https://twitter.com/jessewldn/status/1459014962207244290 https://twitter.com/jessewldn/status/1470406564582498315  NFTs https://twitter.com/jessewldn/status/1473641606951669767  Music NFTs x Sound XYZ https://twitter.com/jessewldn/status/1471148257892044812 Commoditizing a compliment https://twitter.com/jessewldn/status/1465713306363117578  Writing NFTs make the internet ownable https://variant.mirror.xyz/T8kdtZRIgy_srXB5B06L8vBqFHYlEBcv6ae2zR6Y_eo Product vs. Protocol https://variant.fund/writing/balance-product-protocol-web3 Leadership in the ownership economy https://variant.fund/writing/leadership-in-the-ownership-economyscaling-decision  How DeFi crosses the chasm https://variant.fund/writing/how-does-defi-cross-the-chasm Crypto’s Business Model is Familiar. What Isn’t is Who Benefits https://variant.fund/writing/cryptos-business-model-is-familiar.-what-isnt-is  Narrative Economics https://variant.fund/writing/narrative-economics  Progressive decentralization https://variant.fund/writing/progressive-decentralization-a-playbook-for-building Layers of blockchain computing https://variant.fund/writing/layers-not-eras-of-blockchain-computing   Variant Fund Variant Fund Twitter https://twitter.com/variantfund Variant Fund website https://variant.fund/ Writing:  https://variant.fund/writing  Mirror Blog (Feb 2021 article on NFTs) https://variant.mirror.xyz/  Variant Fund + Atelier joining forces https://variant.fund/writing/atelier-ventures-and-variant-fund-are-joining-forces  https://techcrunch.com/2021/10/19/variant-debuts-a-new-110m-fund-for-crypto-startups-announces-li-jin-has-joined-as-a-general-partner/ Variant Fund team https://twitter.com/spencernoon/status/1450500555961507844 Learn more about your ad choices. 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