Crypto Theses for 2022

Yes, Zuckerberg might be the only roboticon on the planet who could have made an earthshattering announcement like Meta’s feel more cringe than exciting. But $10 billion per year is a mammoth, necessary investment that will lay the foundation for the metaverse much like the rollout of fiberoptics in the early aughts. Meta could brute force the path... See more

It doesn’t seem like Amazon faces any meaningful Web3 threats right now (perhaps AWS in the longer-term). Google search and Microsoft Office may have impregnable walls. Apple is still dominant in hardware first and foremost. YouTube could theoretically incorporate Web3 components, but that seems unlikely as they already split revenue with creators ... See more

I liked this simple definition of DAOs proposed by the Bankless guys: “digitally native communities that center around a shared mission.” Where the communities are bottoms-up, flexible, and loosely organized. They have a shared mission and protocol (on the blockchain), internal capital, and enforceable social norms, and they can be used to manage j... See more

Let’s start with the breakout asset class of the year: NFTs. Yes, they’re like the ICOs of this cycle: sky highhype, crazy volatility, lots of early lottery winners and complete garbage. But as a new asset type and class,

a high price point is a good spam prevention feature, but not a cure-all for community quality. People will start to flock more to invite-only, meritocratic groups vs. pay-to-play drops as soon as we’re in a non-hysterical market environment.

If digital art and PFPs are good news for visual artists, fan tokens unlock a whole new value stream for the rest of the entertainment industry (film, music, sports in particular). They also break the stranglehold that LA has over film and music, better connecting up-and-comers, growing the pie for all creators, and slashing LA producer “take rates... See more

Neary half a million ENS names were registered before the protocol’s billion dollar airdrop to its early users last month, and it’s conceivable that the network could rival or surpass centralized DNS maintainers like Verisign ($27 billion market cap) one day. Verisign manages nearly 85% of the world’s 200 million websites today, but the domain spac... See more

Much like twitter > linkedin for networking. Learn-to-earn is going to slowly replace credentials and largely gamify and invert the education funding model

That comes later. The toy version will come first: