The Evolution of Cryptocurrency

“Every Company Will Be a Crypto Company”

• Mags is someone who is thinking about the future of the startup ecosystem. She’s passionate about why and how people spend their time, money, and attention
• “The reality is people will always have needs, they will always buy things and services to fulfill those needs. New brands will still be launching.” -Mags
• The journey of NFTs is still early. In many ways they’re very similar to DTC brands as its become easy to launch, and the early movers have made a lot of money
• In return, we’ve gotten flooded with too many options that are not differentiated
• “My gut feel right now is that Web3 is about technical capabilities and about user needs. But it's also about culture and ethos and the mentality around what that actually means and then why the centralization matters.” -Mags
• “Initially, every company is a tech company and then every company is a fintech company, and at some point every company will be a crypto company.” -Mags
• NFTs are loyalty. They’re a way to assign value to what it means to be associated to a brand
• “The benefit of a DAO is just the speed of organization.”- Brian
• Live Streaming is just a part of content, and content is important and will continue to be in the future. It’s a matter of storytelling

Associated Links:

• Learn more about Magdalena Kala
• Subscribe to Insiders
• Listen to our other episodes of Future Commerce
• Listen to our newest podcast, Infinite Shelf

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