Equity Can you build centralized islands in a decentralized ocean?
Jan 7, 2022
This week, the hosts dive into OpenSea's impressive $13.3 billion valuation while grappling with the volatility of the NFT marketplace. They explore the clash between traditional venture capital and decentralization in the crypto realm. The conversation shifts to fintech innovations, highlighting how companies like Bankaya are revolutionizing credit access for underserved communities. They also tackle the widening gap between public and private market valuations, plus share personal thoughts on the emotional toll of the pandemic and the rise of remote work.
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Episode notes
OpenSea's Valuation
- OpenSea's high valuation isn't crazy if you're bullish on NFTs and decentralization.
- Their 2.5% transaction cut on impressive trading volumes generates substantial revenue.
Web3's Centralization Paradox
- Jack Dorsey argues that Web3 companies, backed by VCs, contradict decentralization.
- He believes they prioritize VC incentives, creating centralized entities within a decentralized space.
Web2 vs Web3 Naming
- Maintain the distinction between Web 2.0 and Web3.
- Avoid letting crypto rebranding affect established terminology for previous tech waves.