Will Nuelle, Co-founder of Galaxy Ventures, discusses blockspace as a commodity and new blockchain tech. Topics include the state of crypto VC, market trends in Q1 2024, stablecoins, and network effects on cryptocurrencies like Bitcoin and Ethereum.
View block space as a consumer good for better understanding.
Consider potential risks and balanced approach amid economic growth.
Deep dives
Discussion on Current Venture Capital Market and Block Space Concept
The podcast episode delves into the discussion about the current venture capital market with guest Will Nelly discussing the energy shift despite capital lows. Will, an expert on block space and blockchains, elaborates on viewing block space as a consumer good. The conversation highlights market trends and macro outlook.
Federal Reserve and Inflation Analysis
The episode reviews the recent Fed actions and Powell's dovish stance despite strong economic data. Discussion focuses on inflation, the Fed's monetary policy outlook, and concerns around goods and services inflation. Insights point to potential risks and the need for a balanced approach amid economic growth.
Japanese Yen Depreciation and Economic Policy Shift
The podcast analyzes the significant drop of the Japanese yen against the dollar, signaling a policy shift by the Bank of Japan. The decision to move away from monetary easing and adjust interest rates reflects positive economic indicators like wage inflation and low unemployment. The currency's depreciation is attributed to global interest rate differentials.
Blockchain Technology Trends and Block Space Economy
Exploring blockchain technology trends, the episode discusses the recent Denkun upgrade on Ethereum introducing 'blobs' for efficient data handling. The conversation highlights the evolving landscape of block space, including the importance of network effects and profitability. Insights suggest a continued focus on innovation and network effects to drive blockchain adoption and differentiation.
Alex Thorn talks with Will Nuelle (Galaxy Ventures) about blockspace, new types of blockchain technology, and the state of crypto VC. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets.
This episode was recorded on Wednesday, March 14, 2024.
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