Winnie Lau, BlockTower Capital investor, and Aleksija Vujicic, former Multicoin Capital investor, discuss consumer crypto challenges and solutions. Topics include impacts on consumer apps, evaluating businesses, complexities of consumer investing in the internet age, evolution of peer-to-peer commerce in Web3, future of social media, and art, culture, and crypto merchandise challenges.
Understanding consumer behavior in crypto remains a challenge for investors.
Consumer crypto focuses on enhancing apps with crypto technology for better user experiences.
Deep dives
Consumer Investing in Crypto
Consumer investing in crypto is considered difficult due to its nebulous nature and instinctual decision-making process. With recent developments in crypto infrastructure, entry barriers for new founders have lowered, making it easier for traditional consumer or web founders to enter the space. Despite this, understanding consumer behavior and the intersection of consumer tech with crypto remains a key challenge for investors.
The Evolution of Consumer Crypto
Consumer crypto is defined as regular consumer apps and experiences improved by being built on crypto rails, offering benefits like cheaper costs, faster transactions, increased ownership, and better economics. The focus is on creating better or more engaging experiences through the use of crypto technology.
Ephemeral Apps and Social Commerce
The rise of ephemeral apps and social commerce in crypto presents unique opportunities for rapid growth and engagement. These short-lived apps can attract and retain users by leveraging trends and virality with the potential for growth and transition onto more sustainable platforms.
Influencer Impact in Crypto and Consumer Behavior
Top-down influence from key individuals is crucial in driving viral trends and behaviors, even within the crypto space. The need for influencers from traditional consumer sectors to bridge the gap into crypto is highlighted, emphasizing the value of engaging with diverse consumer backgrounds and insights within the blockchain industry.
In this episode we chat with Winnie Lau, investor at BlockTower Capital, and Aleksija Vujicic, former investor at Multicoin Capital and now founder of TATA Bazaar. We dive into their backgrounds as consumer-focused investors, what makes consumer investing so hard, why consumer crypto struggles to reach the masses, a sneak peak into Aleksija’s stealth startup & more.
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