Chris Dixon and Naval Ravikant — The Wonders of Web3, How to Pick the Right Hill to Climb, Finding the Right Amount of Crypto Regulation, Friends with Benefits, and the Untapped Potential of NFTs (#542)

No web3 company, no crypto company, has ever spent a dollar on marketing, including Coinbase ... Why? Because tokens are self-marketing. When somebody owns something and feels skin in the game, they want to go talk about it ... I think web3's not only better for the world, but it's also going to beat web2 because it's going to be more popular becau... See more

“Web2 companies convinced you to give away your creations in exchange for little hearts, tell me how NFTs are the real scam?” – Chris Dixon

Naval: "An NFT is not really an object, a digital object. It is a pointer, it is a channel, it is a link, communication between you, the creator, and the community, and any kind of value can be funneled down that."

Chris Dixon: "This should be a golden period for creative people. There are eight billion people internet-connected. You only need a thousand to make a living. This should be the greatest time in history for creative people. And I think we might have finally figured it out."

Naval: "Crypto investing is to venture investing as venture investing is to value investing."

"You can do anything with NFTs that you can do with a webpage, but on top of it, you can have scarcity and ownership and allocation and rights associated with it. This is really big."

Naval: "So there’s just this huge opportunity now to make every person, a worker, an investor, a shareholder, an evangelist, an owner, a creator, a designer. We can fold it all into one. And that’s really what Web3 is enabling with tokens at the core."

Naval: "You can’t stop it. It’s ultimately code and code is just speech and speech is just ideas. You can’t stop ideas. And if you try to stop that, you're going to miss out on the greatest wealth creation and innovation since the internet came into being." -

Naval: "It has to go through the same adoption curve that Web2 and Web1 did. And in theory, it could even go faster. Because tokens naturally have an incentive mechanism built-in. The token companies don't need to do much marketing. The marketing is done by the users.