THE HASH: A16z Doubles Down on Crypto Investments Despite Market Downturn, and NFL Launches Play-to-Earn NFT Game
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 May 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Wednesday, May 25, 2022.
"The Hash" team discusses crypto billionaire Sam Bankman-Fried's ever-increasing political donations, the NFL's new NFT game and Andreessen Horowitz's (a16z) new $4.5 billion crypto fund.
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This episode has been edited by Michele Musso. Our Executive Producer is Jared Schwartz. Our theme song is “Neon Beach."
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:09.0 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, with stories that matter to the crypto world. |
| 0:17.0 | All on the hash for your ears. |
| 0:20.0 | You're listening to the Coin Desk Podcast Network. |
| 0:24.6 | Hello, everyone. You're watching the hash on Coin Desk TV, where we bring you the latest and |
| 0:30.4 | greatest in crypto and culture. And sometimes there are shenanigans. I'm Jen Sinassie. Will |
| 0:36.7 | Foxley's here with us today, Zach Seward |
| 0:38.7 | and Wendyo. Zach, you got our first story. So take it away. All right, let's do it. The world |
| 0:45.5 | loves a good crypto billionaire headline. And this one from NBC News about Sam Bankman-Fried's |
| 0:51.6 | plans to spend big bucks on the 2024 election cycle here in the |
| 0:55.8 | U.S. is a good one. The plan, SBF says, is to spend north of $100 million for the 2024 |
| 1:02.8 | cycle with a soft ceiling, quote unquote, of $1 billion. So that is the scope of SBF's |
| 1:10.1 | ambitions in the political space. Interesting to |
| 1:12.6 | see this. We saw him in the Bahamas late last month, cozying up with former prime minister Tony Blair |
| 1:18.5 | and former U.S. President Bill Clinton and his aspirations to fund candidates of his choice, |
| 1:24.2 | I think are ramping up. I'm going to toss this straight to Jen for her thoughts on |
| 1:28.0 | SBF making some comments on his big political spend. That is a lot of money. I must say, I was |
| 1:34.2 | reading this. And I think later on in the article, it compared, I don't want to call it his |
| 1:38.0 | commitment because he hasn't committed it, but they compared his amount to some other big donors. |
| 1:42.6 | And there was a vast, vast difference. I think the |
| 1:44.9 | highest other donors have given was in like the 200 million. So a soft ceiling of 1 billion is insane. |
| 1:50.5 | In the podcast, he said that the amount he spends would be super contingent and dependent on who's |
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