Howdy and welcome again to Equity, a podcast in regards to the enterprise of startups the place we unpack the numbers and nuance behind the headlines.
That is our Wednesday episode after we area of interest right down to a single subject, trying to broaden our understanding of 1 explicit know-how pattern or one other. And this week, it was all in regards to the ConstitutionDAO.
For many who weren’t on-line final week, right here’s what you missed: a not-so-subtle group of strangers on the web banded collectively to attempt to purchase one of many remaining 13 copies for the structure. With crypto. The daring bid ultimately fell quick, however many noticed it as an inspiring onramp into how communities can mobilize around a shared goal in a Web3 world. The entire motion, from its meme begin to its poetic, and billionaire Ken Griffin-themed, finish, was simply too attention-grabbing for Fairness to not dedicate a complete episode to.
We talked about what a DAO is, and what they is perhaps used for. We dug into the query of simply what number of of us the hassle actually dropped at the bigger “Web3” area. And, after all, we needed to speak about fuel charges, NFTs, and the tempo of innovation in crypto extra broadly. Lucas even broke out a wonderful analogy to clarify level-two chains!
The crew have been usually bullish on the blockchain economic system, if skeptical of a few of its present makes use of. Briefly, the potential stays potent in crypto even when a few of its tasks, immediately not less than, are a bit extra boring than breakthrough. Crypto,we’re instructed, goes to shake up the world. Extra of that, we reckon, and fewer of the meme-wars wouldn’t be amiss.