Welcome to the A16Z podcast, I'm Zoran.

In today's episode, we're talking about the Creator Economy and how

NFTs, but not just NFTs, are making it possible for artists,

musicians, video gamers, game developers, and writers to create entirely new markets to make money

from their work and engage with their fans.

And part of that picture is social tokens, which share a crypto foundation with

NFTs, but unlike NFTs are typically fungible, meaning each token

has the same value. You can listen to our explainer episode all about NFTs hosted by

son or see our curated NFT cannon on A16Z.com for much more info on

NFTs. But in this episode we have a hallway style chat featuring A16Z

general partner and crypto investor Chris Dixon talking with Kevin Chu who founded

Cabam and is the founder of Raleigh and open network on Ethereum where creators can

launch social tokens and Jesse Walden the founder Media Chain, a music rights protocol that was acquired by Spotify.

He's now the founder of crypto venture fund variant.

They'll talk about how musicians, artists, and writers can think about NFTs, and social tokens, and how these different types of assets can interact to create models that haven't existed before.

But Chris starts off the discussion by talking about the emergence of crypto tokens and a look at how video

games and gamers were early to the idea of community engagement and

digital assets and how that model is beginning to spread outward.

We've all, all three of us and our friends have talked about this stuff for years. I think we're starting this year to see what you can kind of call app layer

Mainstream kind of crypto tokens things happening and so that of course is a lot of people have heard about

originally I think it starts with NFTs so the non-fungible tokens but Kevin you're

working on is sort of the fungible token counterpart to that, which are tokens that would be associated with communities on the internet.

...