Ownership is a spectrum. And so like certain applications, you'll have a higher level of ownership and other applications. You might have a lower level of ownership, but that ownership will still allow you to have some sort of governance or financial or utility upside in the network

that you use or contribute to. Hello friends. Welcome to season two of the club podcast. Each week we bring you long form conversations with the people building at the edges of crypto and community. At Seat Club, we believe in a world where people, not platforms, capture the value created online and where community-owned networks are some of the most valuable organizations in the world. Join us for a front row seat to the latest insights and tactical learnings at the intersection of crypto and community. Mason, welcome to club. Thanks, Jess. Excited to be on. I don't actually know how long it's been since we've talked, but definitely remember having some great conversations and some of your early work at Massari and sort of exploring social tokens back in the day. You're trying to dive deep in projects, bring some clarity to folks through your explorations there. So really looking forward to getting into this conversation through that lens, but let's kick it off by just giving a brief introduction. Who are you? What do you spend your days on right now? Yeah,

absolutely. So my name is Mason Eisram. I'm an investment partner at Variant on the consumer team. And that means we're focused on early stage investing across very broadly invest across the stack. So whether it's like infrastructure, DeFi consumer, I sit on the consumer team. And so I'm looking at the next consumer applications, marketplaces, and communities that will be what

Web 3 is of tomorrow. What were you doing previous to the variant? Yeah.