The Shift from Hype to Utility in Crypto and Monetizing Social Media

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This chapter discusses the transition from hype-driven crypto projects to those offering real utility. It explores the example of an app that allows users to earn money while walking, highlighting that financial gain is often the primary motivation for users rather than the actual utility of such apps. The speakers also explore the positive trend of monetizing social media activity and ponder if new use cases can emerge without depending on cryptocurrency. The chapter concludes with a mention of Brian Armstrong's tweet regarding a home screen feature addition.

The NIA boys discuss Friend Tech, App Store vs. Crypto, Community Notes, ARM IPO, and much more.

Timestamps:

(00:00:00) - Intro
(00:00:41) - Meme of the Week
(00:05:31) - Friend.tech Overview
(00:14:41) - Assigning Monetary Value to Social Capital
(00:20:17) - App Store vs. Crypto
(00:31:52) - OpenSea Removing Royalties
(00:47:35) - How Community Notes Works
(00:50:15) - Vitalik on Community Notes
(01:03:15) - ARM IPO
(01:15:13) - The Malleability of Social Reality

What Is Not Investment Advice?

Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.

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