Decoder with Nilay Patel Steve Aoki on why he’s a ‘crypto believer’
Mar 29, 2022
Steve Aoki, a superstar DJ and founder of the Aokiverse, dives into the exciting world of Web3 and NFTs. He discusses the evolution of the music industry in the digital age, sharing insights on how artists can balance creativity and business while navigating new revenue streams. Aoki unveils his vision for the Aokiverse, a platform designed to foster real-time community engagement, born out of the challenges of live events during COVID-19. The conversation also touches on the importance of sustainable blockchain practices and the future of meaningful connections in art.
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Early Investments
- Steve Aoki's initial investments were in restaurants, following his family's background.
- He later transitioned into tech investments, including a fund with Eminem and stakes in Uber, Pinterest, Spotify, and SpaceX.
Investment Philosophy
- Steve Aoki prioritizes experiential and sentimental investments over purely financial ones.
- He invests heavily in art, collectibles, and high-end toys, considering himself a "bag holder."
NFTs and Cultural Identity
- NFTs offer a way to identify with culture and communicate, unlike traditional investments.
- This identification aspect is often missed by those unfamiliar with NFTs.