

The Great Reset
5 snips Jun 24, 2022
Howard Lindzon, co-founder of StockTwits, and Packy McCormick, founder of Not Boring Capital, dive into the future of fintech and venture capital. They discuss the transformative potential of NFTs in redefining community engagement and the shift from Web 3 to Web 5. The duo shares insights on startup valuations amid market fluctuations, emphasizing the need for discipline in investing. They also explore the evolving dynamics of digital content and parenting in the digital age, mixing humor with serious reflections on technology's impact.
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NFTs and Securities
- Howard Lindzon theorizes that NFT sellers need a physical-world component to avoid securities classification.
- Gary Vee's event for NFT holders exemplifies this, turning the NFT into event admission.
NFTs as Features
- Howard Lindzon views NFTs as features, like membership cards, enhancing online experiences.
- NFTs can personalize experiences by storing user information on a public blockchain.
Web3 and Community Monetization
- Howard Lindzon has built overlapping communities but struggled to monetize them pre-Web3.
- Web3 enables better community monetization, contrasting with Web2's overfunded, less efficient model.