Crypto Tokens - Is There a Separation Between the Casino and the Token?

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There's really in reality no separation between the two in a lot of ways. When there is a token involved, there is a speculative financial component to it. I think that's why I pushed back so hard on arguments from the A16z and the folks like that. There is no way to separate the casino from the projects that are supposedly providing utility when all of it is based around these tokens That have these very volatile speculative markets associated with them.

In the second episode of the latest season of Tech Tonic, FT columnist and host Jemima Kelly tries to understand why an influential Silicon Valley investment firm thinks that Web 3 is a good bet. Will blockchain technology really be the foundation of a new internet era? Is Web 3’s promise to decentralise the internet going to pose a challenge to companies such as Facebook and Twitter? The FT’s innovation editor John Thornhill interviews Chris Dixon, head of Andreessen Horowitz’s crypto fund, and Jemima talks to Molly White, author of the Web3 Is Going Just Great blog.

Presented by Jemima Kelly. Special thanks to John Thornhill. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley.

News clips credits: CBC, NBC, CNN.

Read a transcript of this episode on FT.com

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