Travis Kling on Why a Decentralized Web 3 Is Worth Fighting For

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 21 May 2022

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On today's episode, NLW is joined by Travis Kling, co-founder and chief investment officer at Ikigai Asset Management. They discuss Ikigai's just-announced $30 million Web 3 fund, and what got Travis and his team excited to start investing in the Web 3 space. They also discuss the current state of traditional and crypto markets and catalysts that might bring new energy and excitement to the space. Find our guest on Twitter: @Travis_Kling - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, near an FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys, is Friday, May 20th, and man, oh man, am I excited for today's
0:28.2	conversation with Travis Kling.
0:30.4	Before we get into that, however, if you are enjoying the breakdown, please go subscribe
0:34.2	to it, give it a rating, give it a review, or if you want to dig deeper into
0:37.8	the conversation and come talk about these think-boy ideas that we are about to get into,
0:42.7	join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash
0:47.4	breakdown pod. Also, a disclosure as always, in addition to them being a sponsor of the show,
0:52.4	I also work with FTX.
0:54.9	So yes, Travis Kling is back on the breakdown, one of my favorite people and my favorite guests.
1:00.1	And this is a conversation that's been in the works for a little while,
1:03.0	because Travis and his Ikega asset management have just announced a $30 million Web3 venture fund.
1:09.3	This is a departure from their systematic Bitcoin-only hedge
1:12.8	fund that they've run for the last few years. And in Travis's thinking, there's a lot of
1:17.8	discovery and exploration that I think is very different than people who have been coming into
1:22.0	Web3, all guns blazing right away. What started as something that I planned to be a pretty standard interview
1:28.9	ended up getting really deep and kind of existential about the nature of these Web3
1:35.1	explorations, of play to earn, of these new concepts, and what they might mean to the world.
1:39.9	And what I think Travis offers that's so different is he's someone who is sitting there watching
1:45.7	Defy Summer in 2020 and NFTs, and he just couldn't quite get himself there.
	...

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