Kayvon Tehranian, CEO of Foundation Labs, and Jesse Walden, founder of Variant, dive into the transformative potential of decentralized technology in the creator economy. They discuss how crypto empowers creators by eliminating traditional gatekeepers and enabling direct fan engagement. The conversation explores the dynamics of creator tokens, speculation, and the cultural vs. financial motivations driving market growth. They emphasize starting small in the crypto space to explore innovative revenue streams while fostering a supportive community.
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insights INSIGHT
Crypto's Empowerment
Creators seek more control over their brands and communities.
Crypto empowers them by bypassing traditional gatekeepers like record labels or galleries.
insights INSIGHT
Ownership Economy
The ownership economy, enabled by crypto, allows everyone online to be a creator.
Users can directly contribute to and own internet platforms like Bitcoin and Ethereum.
insights INSIGHT
Dynamic Pricing
Crypto differs from crowdfunding by introducing dynamic pricing for creator tokens.
This creates a live market where token prices fluctuate, reflecting the project's potential.
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Today’s episode, part two in our two-part series on the Creator Economy, focuses on the new potential revenue streams and fan-engagement models opened up by emerging decentralized technology. It's a new type of fan club, driven by crypto networks and aiming to give creators more power in the commercial sphere. Zoran Basich of a16z talked to two guests deeply immersed in these topics.
Kayvon Tehranian is the founder and CEO of Foundation Labs, a platform for buying and selling limited edition goods. Think of it as a crypto marketplace that creates new revenue streams for creators, and financial incentives for buyers. Before that he was head of product at cryptocurrencies marketplace Dharma Labs, and he has long worked on making crypto more accessible to the mainstream.
Jesse Walden is a former a16z partner who recently launched his own fund, Variant, which focuses on what he calls the ownership economy enabled by crypto. He also previously cofounded the startup Mediachain, which was acquired by Spotify, and is a former music promoter and manager whose focus was on helping artists stay independent.
Kayvon and Jesse explain how the emerging crypto models differ from previous attempts to create new revenue streams for artists, and about the role of speculation and hype in creator markets. They also debate whether these new markets will largely be driven by financial motives, or whether cultural factors will be equally powerful in determining the growth of creator markets. And they offer advice to creators interested in exploring this new world, including important practical guidance on expectations and timelines. Stay Updated:
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