1349: Using NFTs to Create Community and Close Opportunity Gaps

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 27 April 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

We are in conversation with Alex Cavoulacos and Allyson Downey, the co-founders of Meta Angels, an NFT membership community harnessing the metaverse to unlock real life opportunities. Founded on the values of generosity, transparency, and accessibility, Meta Angels has pioneered the first-of-its-kind NFT lending technology on the blockchain. We discuss how NFTs function and some unique qualities. How Meta Angels helps to bridge opportunity gaps for members. How Alex and Allyson brought in millions of dollars in a matter of days to fund Meta Angels. The behind-the-scenes of the Meta Angels community experience. More about Alex: She is also Alex is co-founder of Angel Labs, a web3 accelerator that takes experienced operators and web3 creators from concept to mint. Prior to her move to web3, Alex co-founded The Muse, a values-based career platform used by over 75 million people to research companies and careers named one of Fast Company's 50 Most Innovative Companies in the World. She now serves on the company’s Board of Directors after a decade of leadership. Alex is a frequent speaker on web3, entrepreneurship, the future of work, and productivity. She is the co-author of the national bestselling book The New Rules of Work: The Modern Playbook for Navigating Your Career. She graduated from Yale University and is an alumna of Y Combinator. More about Allyson: She is a serial entrepreneur, MBA, writer, and keynote speaker who has built a career on the power of trusted advice. She is also the CEO of Stellar Reviews, which helps brands increase sales by 40% by building an authentic, honest base of consumer reviews for their product launches. Her book is called Here's the Plan: Your Practical, Tactical Guide to Advancing Your Career During Pregnancy and Parenthood. She is a Techstars alumna and mentor, serving on the boards The Crafters Box and Tot Squad and as an advisor to Trust & Will. Allyson has an MBA from Columbia Business School, an MFA from Columbia University's School of the Arts, and a BA from Colby College. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:06.8	So money, episode 1349, Alex Cavalacos, and Alison Downey co-founders of Meta Angels.
0:15.9	You're listening to So Money, with award-winning money guru Farneesh Karabi.
0:20.4	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:25.6	authors, influencers, and from Farneesh herself.
0:30.0	Looking for ways to save on gas or double your double coupons?
0:33.6	Sorry, you're in the wrong place. Seeking profound ways to live a richer,
0:37.8	happier life. Welcome to So Money.
0:42.2	It's been amazing to see the connections made people finding jobs, getting
0:46.8	insider sort of intel before interviews, but also asking for personal help, right? I don't know,
0:53.2	one example was someone who said, has anyone gone through the divorce of a parent as an adult?
0:58.6	I have no one to turn to. Not quite sure who to ask, but I'd love to chat because it's just a
1:02.9	challenging situation. And within 24 hours, they were talking to a few different people that they
1:07.2	had met on the internet, right? Welcome to So Money, everybody. I'm Farneesh Karabi. We are
1:12.7	shifting gears today to focus on a slice of the crypto market, a big slice, NFTs. You've
1:20.5	heard of this, right? We've talked about it on the show a little bit, non-fungible tokens.
1:25.9	These are non-interchangeable, i.e. unique, NFTs are essentially tokens that we can use to
1:34.7	represent ownership of unique items, unique digital items. It's an Ethereum-based asset, Ethereum
1:42.4	being a form of cryptocurrency. And they often come in the form of a JPEG, a piece of art,
1:48.8	and they are blowing up. People are buying these as investments, and some of them are going for
1:55.0	big dollars on the resale market. It works through the blockchain. You buy it with a type of crypto
2:02.0	currency specific to NFTs called Ethereum. It is the specific crypto for NFTs. The transactions
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