Li Jin and Eugene Wei, two experts in crypto and web2, discuss the future of status as a service, psychological ownership, and the ties between crypto and social. They explore the impact of algorithms on social media behavior, the evolution of social networks, and the need for new approaches in the crypto space. They also touch upon the concept of ownership in crypto social platforms and the blending of finance and social capital. This podcast provides valuable insights into the intersection of web2 and web3.

Li Jin is a co-founder and general partner at Variant, a crypto fund investing in Web3 and what Li calls the Ownership Economy. Li is full of massive ideas about the past, present, and future of digital economies. The core thesis? Next-generation networks grow faster and bigger. The phase we're seeing emerge now with Web3 and crypto is deeply fascinating, with potential to shift power and ownership into the hands of users and creators. In this new paradigm, everyone is a creator, and everyone is an owner. In addition to her work at Variant, Li is also a painter and an accomplished writer on Substack. After her appearance on the Creator Economy Panel, we knew she had to come back on Bankless to dive deep—this time, into the Ownership Economy. ------ ✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/debrief-the-ownership-economy-li  ------ 📣 ALTO IRA | THE CRYPTO RETIREMENT ACCOUNT https://bankless.cc/AltoIRA  ------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ ------ BANKLESS SPONSOR TOOLS: 👀 POLYGON | LAYER 2 DEFI https://bankless.cc/Polygon  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🦊 METAMASK | THE CRYPTO WALLET https://bankless.cc/metamask  💳 LEDGER | THE CRYPTO LIFE CARD https://bankless.cc/Ledger  🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS https://bankless.cc/Alchemix  🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants  ------ Topics Covered: 0:00 Intro 6:30 Creator vs Ownership Economy 12:58 Phases of Economies 17:34 The Web3 Renaissance 21:53 Issues with the Early Internet 27:11 Original Sin 35:11 From Attention to Ownership 38:48 Digital Scarcity 47:41 Patronage Plus vs Regulation 52:59 100 True Fans 1:01:17 Programmable Business Models 1:09:17 DAOs & Community Ownership 1:14:48 Comparing Renaissances 1:21:36 Wealth Inequality 1:29:58 What YOU Can Do 1:35:23 What ELSE You Can Do 1:38:54 2022 Predictions 1:42:35 Closing & Disclaimers ------ Resources: Li on Twitter: https://twitter.com/ljin18?s=20  Li's Newsletter: https://li.substack.com/  The Web3 Renaissance: https://li.substack.com/p/the-web3-renaissance-a-golden-age  100 True Fans: https://li-jin.co/2020/02/19/100-true-fans/  The Creator Economy: https://shows.banklesshq.com/p/-panel-the-creator-economy-jesse  Tweets Mentioned: https://twitter.com/ljin18/status/1434964132042846208  https://twitter.com/ljin18/status/1422928459425271811  https://twitter.com/ljin18/status/1404650885788098562  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures 

Li Jin, Cofounder of Variant Fund, discusses the integration of points systems into the crypto ecosystem, their role in driving user engagement, potential pitfalls, and the importance of thoughtful design. Highlights include examples of successful projects, the benefits of points mechanisms in crypto, and the potential move from off-chain to on-chain. Jin also addresses the risks of incentivizing inorganic behavior and the importance of product-market fit.

Sam Yam, Co-founder of Patreon, and Li Jin, Managing Partner at Atelier Ventures, dive into the booming creator economy. They discuss how creators are monetizing their work more effectively than ever, even with fewer fans. Yam emphasizes the shift from engaging 1,000 true fans to a smaller, more passionate audience, while Jin outlines the evolution of community engagement through subscription models. They highlight how exclusive content fosters deeper connections and explore the future of work in this thriving landscape.

On today's episode of Empire, Jason Yanowitz and Santiago Roel Santos are joined by Li Jin and Jesse Walden of Variant. Bringing their specific expertise on the creator space, Li and Jesse discuss what it means to form a crypto creator economy that not only supports quality content but attracts players to actually invest in the concept. With Jason and Santiago, they cover mainstream adoption, NFTs, what it means to be an owner, and more.--ParaSwap:If you want to make a swap at the best price across the DeFi market, check out paraswap.io. ParaSwap’s state-of-the-art algorithm beats the market price across all major DEXs and brings you the most optimized swaps with the best prices, and lowest slippage.--Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like this, subscribe to Blockworks' free daily newsletter: https://blockworks.co/newsletter/Follow me and Santiago on Twitter, @JasonYanowitz and @santiagoroel; let us know what you thought of the show!Subscribe to the podcast on Spotify: https://open.spotify.com/show/4UTePv1CR3APdKOiosR3Iq?si=41bc452345b649f9Subscribe to the podcast on Apple: https://apple.co/3srZf7M

Li Jin, co-founder of Variant Fund, talks with Erik Torenberg, Dan Romero, and Antonio Garcia Martinez about crypto, web3, memecoins, attention economics, and the impact of techno-capitalism. They discuss cultural differences, decentralization, meme coins, and the attention economy thesis.

Li Jin, co-founder of Variant and an expert in the passion economy, joins the conversation. She discusses the much-needed reset in the crypto market and shares lessons learned from past investment failures. Li emphasizes the importance of passion in creating products and reveals how embracing creativity can lead to unexpected success. The duo also explores transitioning to a more equitable Web3, focusing on ownership opportunities for contributors, while examining the balance between gaming engagement and sustainable tokenomics.

Investor Li Jin helped popularize the idea of the Creator Economy — the theory that many people who make stuff online could and should get paid for that work. Then she merged that pitch with an embrace of crypto/Web3 — and by 2021 the New York Times was calling her the “It Girl in venture capital.” Now many of the people who embraced both creator economy investments and crypto want nothing to do with that. But not Jin, who says she’s still all in. She talks to Recode’s Peter Kafka about launching a fund in a pandemic, riding out a down cycle, and what it’s like to be the face of thesis.Featuring: Li Jin (@ljin18), Co-Founder & General Partner at Variant FundHost: Peter Kafka (@pkafka), Senior Editor at RecodeMore to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape.About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Li Jin, crypto VC from Variant, discusses the rise of meme coins in the crypto market, analyzing their attention-capturing abilities and marketing strategies. They delve into the classification of meme coins, their trading dynamics, and the intersection of memetics and economics.

Li Jin, partner at Variant Fund and expert in crypto points systems, discusses the trend of points in crypto, their advantages over tokens, and the potential pitfalls. Topics include popular projects implementing points systems, why points mechanisms are gaining traction, and the implications of moving points on-chain.