56 - Authenticity in Crypto | 1confirmation
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 15 March 2021
⏱️ 102 minutes
🧾️ Download transcript
Summary
Nick Tomaino and Richard Chen are partners at 1confirmation, a crypto venture fund with $75M+ in assets under management (AUM).
In this episode, we explore the relationship between narratives and fundamentals in the space.
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Topics Covered:
0:00 Intro
3:05 How this bull market feels
10:57 1confirmation's Thesis
14:40 Authenticity
18:26 Crypto-Natives vs. the fakes
26:05 Authentic 'ETH Killers,' Fake VC Chains
38:58 BinanceChain
43:53 Narratives vs. Fundamentals
49:30 On-Chain Verifiable Authenticity
1:01:00 MaRkEtS aRe eFfiCiEnT
1:05:07 Narrative Bull, Fundamental Bear
1:10:31 Dune Analytics & Data
1:20:25 What's The Next Big Thing?
1:24:02 The Changing Landscape
1:33:13 Bull Market Predictions
1:39:32 Closing & Disclaimers
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Resources:
Nexus Tracker
https://nexustracker.io/
Richard's Superrare dashboard
https://duneanalytics.com/rchen8/superrare_4
Crypto Art
https://cryptoart.io/
Three Underrated Predictions
https://thecontrol.co/under-the-radar-product-trends-2020-recap-and-2021-predictions-61125c98415
Dune Analytics Blog: The Revolution Will Not Be Reported Quarterly https://duneanalytics.com/blog/revolution-not-quarterly
1confirmation
https://www.1confirmation.com/
Nick on Twitter:
https://twitter.com/NTmoney?s=20
Richard on Twitter
https://twitter.com/richardchen39?s=20
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Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier internet money and internet finance. |
| 0:19.4 | This is how to get started, how to get better, and how to front run the opportunity. |
| 0:24.0 | I'm Ryan Sean Adams, I'm joined with David Hoffman and we're here to help you become |
| 0:29.2 | more bankless. |
| 0:30.9 | David, fantastic episode. |
| 0:33.1 | Lead us into it. |
| 0:34.1 | Yeah, we had Nick and Richard from one confirmation, which is a venture firm in the crypto space, and |
| 0:40.4 | they are particularly dancing the line of playing with fundamentals, which is something |
| 0:46.4 | that this crypto industry is particularly well suited to communicate because this is a |
| 0:50.0 | very transparent industry, but then also playing with narratives, the story, right? |
| 0:55.1 | This is not something new to crypto. |
| 0:57.4 | Stories are very, very important, especially in young startups. |
| 1:01.4 | Being able to spin a story is extremely important to attracting investments. |
| 1:05.0 | But in crypto, it's always a little bit different. |
| 1:06.9 | Everything is a little bit different in crypto. |
| 1:08.8 | In crypto, and everything is completely available. |
| 1:12.0 | All information is equally accessible to everyone. |
| 1:14.6 | So now the game is not, can you access information? |
| 1:17.0 | It's can you interpret information? |
| 1:18.8 | And then the other game is the narrative game. |
| 1:21.5 | The narratives that are spun around L1 protocols, like Bitcoin and Ether and other L1 protocols, |
| 1:28.8 | like Polkadot and Binance Train, like are those legit narratives or are those fake narratives? |
... |
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