Meta's 47.5% take rate + Worldcoin CEO Alex Blania: onboarding the globe to crypto | E1434

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 13 April 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, we cover Meta's announcement that they will be taking 47.5% creator fees on their Horizons platform (2:17) and A16Z’s Crypto lead Chris Dixon ranking number one on the Forbes Midas List. Then, Jason and Molly chat with Worldcoin CEO Alex Blania to talk about the crypto project he launched with OpenAI CEO Sam Altman (11:08). Worldcoin is scanning people’s irises with custom-made hardware and aspires to reach over 1 billion people (23:21). Alex addresses privacy concerns, scaling challenges (32:45) and more.

(00:00) Molly Intros today’s crypto episode
(02:17) FB taking 47.5% cut of all transactions in their Horizon Worlds Metaverse
(08:07) Chris Dixon named #1 VC in the world by Forbes
(09:49) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
(11:08) Interview with Alex Blania of Worldcoin
(22:16) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist
(23:21) Worldcoin’s iris-scanner “Worldcoin Orb”
(31:32) iTrust Capital - Visit https://itrust.capital/twist to create your Crypto IRA today
(32:45) Discussing the controversy surrounding Worldcoin’s iris scanning

Check out Worldcoin: https://www.worldcoin.org

FOLLOW Alex: https://twitter.com/alexblania

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	All right, everybody. Jason is out sick today, so no live stream, but light a little candle
0:04.8	form because he's not feeling great. There was, however, some crypto news that we couldn't
0:09.0	miss out on. So I'm doing a solo show all about crypto. I know. I didn't see that coming either.
0:14.0	Meta just announced that it will be taking a 47.5% creator fee on the platform. As in, if you create
0:22.9	digital goods on the meta platform, you will pay meta, 47.5% of whatever you sell it for.
0:31.5	And that is not a typo. Nor did I misspeak. We will go through the arguments for and against this,
0:37.6	but I think we can also assume it's a pretty big opening for Apple or Microsoft to come in
0:43.8	with a smaller fee. And then some news, a 16z head of crypto investing. Chris Dixon is number one on
0:51.2	the Forbes Midas list that came out earlier this week. And then finally, Jason and I sat down with
0:56.5	WorldCoin CEO Alex Blania to talk about his crypto project. You might have heard about WorldCoin.
1:01.9	This is the organization that is scanning people's irises in exchange for free crypto with the
1:07.2	intent to distribute a token to everyone in the world. There has been some controversy about this
1:13.9	recently, but Alex was a great sport. We went super deep in the interview and it's a great crypto
1:18.7	show. Stick with this. This week in Startups is brought to you by Coda. Coda is the all-in-one
1:25.3	doc for teams. If you've got a stack of niche workflow tools or if you're buried in docs and
1:30.4	spreadsheets, Coda is the doc that brings it all together. Startups can get a $1,000 credit at
1:36.2	coda.io slash twist. Odu. Odu is a fully customizable and fully integrated suite of business apps
1:45.1	that lets you build and scale your stack as you build and scale your business. Your first app
1:50.0	is free forever and right now Odu is offering $1,000 off your first implementation pack at odu.com slash
1:58.0	twist. That's oduo.com slash twist. And I trust capital. Did you know that you can invest in crypto
2:08.0	through your retirement account and still get the same tax advantages as a traditional IRA?
2:13.9	Visit iTrust Capital slash twist to start investing today.
	...

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