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The Times Tech Podcast

Alchemy's Nikil Viswanathan: "NFTs are the future"

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 2 April 2021

⏱️ 67 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent brings on Nikil Viswanathan, co-founder of Alchemy, to talk about the boom in non-fungible tokens (NFT’s) (3:00), his first app (7:50), what Alchemy does (10:10), how much NFT sales have grown since January (14:00), fads and staying power (17:30), the value of digital goods (20:20), the weirdest NFTs (23:30), the future (25:15), how Alchemy makes money (30:30), growing up in small-town Texas (34:00), Stanford (35:15), his worst day (36:35), and his investors (40:00). PLUS: Raj Choudhury, of Harvard Business School, comes on to talk about the return to work (42:00), the 25% model (44:20), engineering random interactions (48:40), getting senior people to buy in (51:30), the problem with our “meeting culture” (54:10), the financial benefits of “work from anywhere” (58:30), recreating the office (1:00:45), and reversing the rural brain drain (1:01:15).


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Transcript

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0:00.0

Yo, technology.

0:03.0

What is it all about?

0:04.4

This is a shift of our lifetime, right?

0:06.4

These come along every 30, 40 years.

0:08.5

And when these shifts happen, you have the chance to build something that impacts life for every person on the planet.

0:31.1

Hello and welcome to Danny in the Valley, your weekly dispatch from behind the scenes and inside the minds of the top people in tech.

0:39.6

I'm your host, Danny Fortinney, West Coast correspondent for the Sunday Times, and we have a double whammy for you today.

0:48.3

First up, we're going to dive into the roiling, frothy waters of NFTs. That's right. Non-fungible tokens, these digital assets, collectibles, whatever you want to call them, that have suddenly

0:52.6

become, you know, a thing.

1:01.6

Of course, the biggest NFT deal was the sale of a, for $69 million of a kind of digital collage by the artist people.

1:03.9

But that is just the tip of the iceberg.

1:07.1

There's a ton going on in this world.

1:08.9

And so to help decode what is happening, how this all got started, and where it's going next,

1:14.8

we have on Nikil Viswanathan, who is the co-founder of Alchemy, which you can think of as kind of like the operating system for the Ethereum blockchain,

1:25.8

which is kind of the technological rails upon which

1:29.0

every major NFT marketplace, every deal you've heard about, is happening. So whether that's the

1:36.1

$200,000 someone paid for a LeBron James highlight, to $7 million for a single Cryptopunk, which is kind of like a digital image of a

1:46.4

little blue alien guy smoking a pipe. It's 2021, everybody. Crazy times. And the kill will help

1:55.2

make sense of it all. And then after that, we're going to bring on Raj Chowdhury, who is a professor at the Harvard Business School.

2:03.6

And I want to bring him on to talk about the return to work.

2:06.5

He's been studying this work from anywhere idea for years before the pandemic struck.

2:11.3

And now his companies from Facebook to Uber are starting to open their offices again.

...

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