101 - The Ownership Economy | Li Jin
Bankless
The Truth About NFTs and Their Scarcity
Nfts are a real form of scarcity on the internet, as they are associated with a social consensus./nThey are also associated with additional record of ownership on the blockchain, which makes them more reliable than traditional forms of scarcity.
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
Remember Everything You Learn from Podcasts
