Unchained

Will Every Piece of Media Enter the Internet as an NFT? Variant Fund Says Yes - Ep.317

Feb 8, 2022

Jesse Walden and Li Jin, co-founders of Variant Fund, delve into the transformative power of the ownership economy and NFTs. They explore why web3 is more beneficial for creators compared to web2 and discuss the potential of NFTs beyond mere art. Jesse shares his musical background and passion for music NFTs, while Li highlights how web3 can resolve gig economy challenges. The duo also addresses criticisms from notable figures and shares insights on NFT trends that could shape the future, advocating for decentralized economic models.

01:11:26

Creator website

Episode guests

Li Jin

Jesse Walden

AI Chapters

Episode notes

Intro

5min

Empowerment through Ownership: The Rise of Web3 and NFTs

32min

Exploring the Potential of NFTs in Gaming and Music

5min

Revolutionizing Art and Music with NFTs

6min

Navigating the Creator Economy: Web2 to Web3

12min

Navigating PR Challenges in the NFT Landscape

6min

Empowering Ownership: NFTs, DAOs, and the Future of Work

4min

Variant Fund is a venture capital firm that describes itself as “a first-check crypto fund investing in the ownership economy.” Jesse Walden and Li Jin, co-founders and general partners at Variant, join Unchained to discuss the ownership economy, issues with web2 and web3, NFTs, the future of work, and more. Highlights:

where Li and Jesse met and how their backgrounds as investors + founders led them to the crypto space
how Li’s investing niche, which she describes as the passion economy, ended up intersecting with crypto
why Li believes that web3 platforms will be better for creators than the current web2 ecosystem
why Jesse was so inspired by Bitcoin after working in the music industry for so many years
why Jesse believes that NFTs are the “port of entry” for the mainstream adoption of crypto
what other use-cases exist for NFTs outside of the JPEG or PNG meme (and why Jesse is so excited about music NFTs)
why Li believes that web3 tools can help fix the issues inherent to the “gig economy”
Li and Jesse respond to criticisms of web3 coming from Jack Dorsey and Moxie Marlinspike
how Variant Fund thinks about investing in crypto projects
what token allocation Variant Fund targets when investing in crypto projects
why mainstream platforms are experiencing backlash for integrating with NFTs and crypto
what trends in NFTs, DAOs, and the ownership economy Jesse and Li think will pop in 2022

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