This Week in Startups BAYC at Sotheby’s, Loot, Tether Canada ban + 8VC’s Joe Lonsdale: Palantir, China, Cicero | E1278
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Sep 7, 2021 
Joe Lonsdale, a serial entrepreneur and founder of 8VC, dives into the intriguing world of NFTs, emphasizing the recent $19M Bored Ape Yacht Club bid at Sotheby's. He discusses the challenges posed by Tether's ban in Canada and the need for better regulatory frameworks in the U.S. Lonsdale also shares insights from his own ventures, including Palantir, and highlights the importance of optimism amidst societal challenges. The conversation touches on China's geopolitical maneuvers and innovative solutions to pressing issues like climate change.
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Bored Ape Yacht Club at Sotheby's
- Sotheby's is auctioning a collection of 101 Bored Ape NFTs, with a current bid of $19 million.
- Jason discusses the increasing value of NFTs and the potential risks of investing in such a volatile market.
NFT Investment Strategy
- Diversify investments if you profit significantly from NFTs.
- Sell half and invest in something stable, like real estate, while letting the other half ride.
Loot NFT Project
- Dom Hofmann, Vine co-founder, launched "Loot", an NFT project featuring randomized lists of fantasy game items.
- Each Loot NFT includes eight item categories, the combinations' meaning being up to the community.
