Colab Currency - Is There a Bigger Trend Outside of NFTs?

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A lot of your thesis at Colab currency is about culture and consumer. I'm curious, like, what gave you the conviction to focus only on this vertical or predominantly on this vertical? You know, besides super rare, was there a bigger trend coming outside of NFTs that maybe that was interesting to you? Well, let me kind of like paint the opportunity maybe a slightly different way. There's just never been any way to create scarcity around digital property or digital objects. And so if you take the view that these are just agnostic record keepers or agnostic databases that are trust minimized, then it was inevitable that things like that touched consumers and end users would start to prolifer

Since 2020, the development of the Web 3 space has arguably validated the value propositions of decentralized blockchains. However, Web 3 today primarily serves crypto-natives and exists as a subset of the internet.

An up-and-coming vertical of projects known as Consumer Vertical focuses on helping empower the everyday internet user and helping Web 3 reach its fullest potential.

Today, we have Derek, Co-Founder of Collab+Currency, to share with us: - What is the Consumer vertical? - 3 consumer verticals that will take off in 2023 - Identifying investable opportunities - “3 rights” investing framework - Time, Problem, Team

Host: Jason Choi @mrjasonchoi . Not financial advice.

Timestamps:

(00:00:00) – Introduction

(00:02:22) – Introduction to Collab+Currency

(00:05:45) – “Aha!” moment for Derek

(00:07:57) – Conviction to focus on the consumer vertical

(00:11:16) – Disrupting Web 2 social media platforms

(00:17:22) – Social features enabled by blockchain

(00:22:43) – Outpacing Web 2 competitors

(00:24:24) – Derek’s investing framework

(00:37:17) – Identifying networks that can be monetized

(00:40:12) – Narratives that might take off in 2023

More Resources:

Guest

Collab+Currencyl’s Website: https://www.collabcurrency.com/

Derek’s Twitter: https://twitter.com/derekedws

Flamingo DAO’s Website: https://flamingodao.xyz/

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

Disclosures:

The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.