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Web3 Breakdowns
Reviews
ghynox
5 out of 5 stars
Finally
It’s awesome to finally find a podcast that deep dives the blockchain/crypto space and consolidates tons of information for easy assimilation. I hope to hear more about sovereign ID in web3 and the importance of being intentional in the creation of this space in order to ensure equal representation for more than just those who are smart and wealthy enough to create blockchain. Good on you guys so far!
klamarre21
5 out of 5 stars
Awesome
Well done, keep up the good work!
composito77
5 out of 5 stars
Amazing
Great job at making difficult concepts very simple. Keep the episodes coming, please
Cammmmakdbff
5 out of 5 stars
Hi plz more episodes thx ❤️
This is by far the most enjoyable Web3 podcast I’ve found. Host does a great job of finding a balance of asking questions giving listeners of all experience levels value.
MER803
5 out of 5 stars
Good on-ramp for Web3 learning
And lots of exciting future episodes to come
Podcast information
- Amount of episodes
- 73
- Subscribers
- 39
- Verified
- No
- Website
- Explicit content
- No
- Episode type
- episodic
- Podcast link
- https://podvine.com/link/..
- Last upload date
- March 17, 2023
- Last fetch date
- March 21, 2023 11:59 PM
- Upload range
- WEEKLY
- Author
- Colossus | Investing & Business Podcasts
- Copyright
- Avery Akkineni: Brand Building in Web3 - [Web3 Breakdowns, EP.62]This is Eric Golden and my guest today is Avery Akkineni. As President of Vayner3, Avery has been at the forefront of guiding CMOs, brands, and corporations into Web3. This conversation is a little different for me as we focus on marketing and how to both connect and grow audiences in Web3. I’m fascinated by Avery’s work on Super Bowl commercials and learning what it is really like to work with creative brands such as Budweiser and Pepsi. To start this episode, I asked Avery to teach me about how traditional marketing works, before diving into case studies of how brands successfully leverage blockchain technology like NFTs. We then go behind the scenes with Vayner Media and their rapid testing of ideas on Gary Vee himself and her personal experience with their VeeFriends. Please enjoy my conversation with Avery Akkineni. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here -- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes (00:02:36) - (First question) - How her background in marketing informs her work at Vayner3 (00:07:12) - The competitive and dynamic nature of the marketing industry (00:10:55) - How Vayner3 leverages agility and keeps up with trends (00:14:00) - Her pivot from corporate marketing to Web3 brand-building (00:16:24) - What attracted her to the NFT space in the early days (00:19:48) - Balancing risk aversion versus early adoption in marketing (00:22:30) - How different brands have come online to Web3 and how Vayner3 enables them (00:25:55) - Common mistakes made by brands trying to enter the space (00:29:00) - What she learned from the launch of VeeFriends (00:33:29) - How VeeFriends came to be and how it keeps momentum up (00:36:27) - How she approaches brands following the recent crypto downtown (00:39:59) - The aspects of Web3 adoption and growth that she’s most excited about (00:41:56) - What she’s most excited to see built over the next six months and six years1 comments1
- Austin Campbell - A Primer on Stablecoins - [Web3 Breakdowns, EP.61]This is Eric Golden and my guest today is Austin Campbell. Between my time working at Fidelity on money market funds and my passion for blockchain technology, I became obsessed with the idea of Stablecoins. Stablecoins can serve as a means of payment and a store of value for transactions. They also act as the bridge between the traditional finance system and the digital world. After my interview with Mike Dudas, I asked, who is the smartest person I can talk to about Stablecoins? He instantly responded, you need to speak with Austin and as you'll hear, I think he's right. Austin spent 15 years in traditional finance before managing $22bn of Stablecoin reserves for Paxos. Today, he's an Adjunct Professor at Columbia Business School and the managing partner at Zero Knowledge Consulting. In this conversation, Austin helps me break down the nuts and bolts of how Stablecoins work. We also discuss the lessons crypto should learn from the traditional finance world and how the current US regulatory crackdown will shape the ecosystem going forward. Please enjoy this Stablecoin primer with Austin Campbell. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here -- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:03:21] - [First question] - What can be learned from TradFi and applied to crypto [00:05:13] - The basics of Stablecoins and why they are important [00:07:39] - The logistics and mechanics of Stablecoins from the ground up [00:17:14] - Time-delay and infrastructure problems when trading with Stablecoins [00:21:18] - Liquidity, time sensitivity, and credit risk for issuers and buyers of Stablecoins [00:24:59] - The roles, challenges, and faults of regulators in the space [00:33:04] - The extent to which he sees regulators favored versus fouled by crypto natives [00:34:50] - The SEC’s imposition that qualified custodians are needed to exchange crypto assets [00:37:53] - His takes on news regarding Paxos and the BUSD [00:43:01] - Concerns regarding Binance and its Stablecoin consolidations [00:46:30] - Aspects of global Stablecoin regulation he’s optimistic about [00:49:01] - Why the US may not be a promised land for crypto [00:50:21] - The positives and potential impact of Stablecoins broadly, despite the pushback [00:54:03] - The possibility of traditional assets using crypto rails [01:00:04] - What he’s most excited to see built over the next six months and six years1 comments1
- Web3 Breakdowns Mar 3 · 54m Dan Finlay: MetaMask and the Future of Crypto Wallets - [Web3 Breakdowns, EP.60]This is Eric Golden and my guest today is Dan Finlay, the co-founder of MetaMask and Chief Web3 Ethos Officer at ConsenSys. MetaMask is a crypto wallet and has become a critical piece of web3 infrastructure, with over 30 million users around the world. We've likely all used MetaMask at some point, so I was excited to understand Dan's philosophical approach and long-term vision for the product, as well as talk to him about the challenges of securing digital assets and how they combat those with MetaMask. Please enjoy my conversation with Dan Finlay. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here -- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:17] - [First question] - His view of hyperlinks and self-security [00:05:38] - What’s happening when you’re signing a smart contract with MetaMask [00:10:33] - An elevator pitch of what MetaMask Learn is [00:12:45] - Thinking about adoption when building general purpose tools in a technical space [00:15:21] - How people feel about computer security versus Web3 security [00:18:38] - Whether or not he wishes the stakes were lower for perfecting MetaMask [00:20:03] - Stepping into crypto and the founding story of MetaMask [00:23:12] - What their intentions were for building MetaMask in the first place [00:27:13] - Some examples of what they tried to solve that didn’t pan out [00:29:11] - Dealing with asset co-location and the pros and cons of it [00:35:24] - Whether or not MetaMask will deploy the first ‘revoke all’ button [00:41:32] - Users generally being displeased with the program’s UX [00:44:40] - Thoughts about what to prioritize as they improve MetaMask [00:46:34] - The account abstraction without a protocol change proposal [00:49:27] - An example of someone building on SNAPS and how it is beneficial to users [00:53:14] - What he’s most excited to build over the next six months and six years1 comments1
- Andrew Parish: The DCG, Genesis, Gemini Saga and Operation Chokepoint - [Web3 Breakdowns, EP.59]This is Eric Golden and my guest this week is Andrew Parish. Andrew's Twitter account @AP_Abacus has grown based on his access to rumors and information about crypto. He is no stranger to controversy and getting information flow. Andrew is aware his views and tweets can upset some, especially those in power he may be calling out. Andrew's background and information gathering helped him identify several high-profile issues with businesses like FTX and Gemini, and his Twitter account has become a go-to source for breaking rumors. Andrew is the co-founder of Arch Public, which is building automated trading algorithms and blockchain authentication for brands and alternative assets. We dive into the Gemini-Genesis and DCG Saga before raising an alarm on the coordinated actions of crypto regulators. Please enjoy my conversation with Andrew Parish. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:40] - [First question] - His look behind the curtain at DCG Genesis and Gemini [00:05:46] - The connections he discovered between DCG and Gemini [00:07:40] - The special circumstances that led to Gemini’s unique exposure and platform [00:09:45] - How external lending by Genesis led to cascades of trouble in crypto markets [00:13:27] - DCG’s problematic transactions associated with Three Arrows [00:16:19] - The unraveling of DCG’s integrity following the collapse of FTX [00:17:27] - How Gemini tried to hang on to its image and win over public opinion [00:21:25] - A basic overview of the DCG-Gemini deal as it stands today [00:23:37] - His correction of the mainstream story about Grayscale (GBTC) [00:29:04] - His process of sourcing information and separating signal from noise [00:35:11] - How regulators are choking out crypto-based businesses using banking infrastructure [00:44:22] - The potential for legal escalation between banks and federal regulators [00:45:59] - A deeper look at circumstances that may point to conspiracy by regulators [00:49:25] - Additional concerns he has that he hasn’t shared yet on Twitter [00:50:54] - What he’s most excited to build over the next six months and six years1 comments1
- Will Weinraub: A Toy Company From The Future - [Web3 Breakdowns, EP.58]This is Eric Golden and my guest today is Will Weinraub. Will is the CEO and co-founder of OnChain studios, which is building Cryptoys. Cryptoys is a digital toy company that embraces different elements of web3 innovation, from collectible NFTs to play-to-earn gaming. We discuss the evolution of Cryptoys, how kids are increasingly used to digital products, and we have a really interesting discussion on the importance of different blockchains to build upon. Please enjoy my discussion with Will Weinraub. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:18] - [First question] - The success of Cryptoys brand deals despite crypto downturns [00:04:23] - The basics of IP licensing deals in the crypto industry [00:05:49] - The kind of external partners he typically deals with for toyetic brand deals [00:07:02] - Rewinding to the company’s genesis and how people reacted early on [00:14:50] - The prototype design for Cryptoys [00:16:06] - A closer look at the Cryptoys business model then and now [00:18:37] - How kids are increasingly attracted to digital products [00:21:05] - Why they can’t buy and sell their NFTs to kids today [00:23:13] - What stops a child from joining Opensea and buying an NFT [00:25:26] - His take on digital ownership and the pushback from the gaming community [00:29:31] - Where Cryptoys on their timeline for developing a gaming component [00:30:24] - What building on different blockchains means for the competitive landscape [00:35:19] - Blockchains aren’t a one size fits all solution for application development [00:38:36] - Why Cryptoys needs a blockchain at all compared to being hosted on a server [00:40:41] - Potential risks to owning an asset on a newer blockchain [00:43:00] - His take on going from a tech startup to a toy-focused startup [00:44:47] - What he’s most excited to build over the next six months and six years1 comments1
- Nikolai Yakovenko: Algorithms We Live By - [Web3 Breakdowns, EP.57]This is Eric Golden and my guest today is Nikolai Yakovenko. Nikolai is the founder and CEO of DeepNFTValue, which uses machine learning to price blue chip crypto assets like CryptoPunks and Bored Apes. He has spent his career working on deep learning at some of the most notable firms in the world, including Google, Nvidia, Twitter, and Point72. Our conversation starts with AI’s potential and Twitter’s mishaps and then turns to Nikolai’s investment experience and why he most recently decided to build a business that prices NFTs. Please enjoy my conversation with Nikolai Yakovenko. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. -- This episode is brought to you by OKX. You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:23] - [First question] - His impressions of recent innovations by ChatGPT [00:03:51] - A rundown of the technical breakthroughs that led to today’s most cutting-edge AI [00:06:08] - The types of questions he asks to test and evaluate new AI like ChatGPT [00:08:13] - Questions or requests that would stump ChatGPT [00:09:02] - Intuitive human tasks that would deeply confuse chat-based AI [00:11:42] - Impressive R&D spend at OpenAI to optimize machine learning [00:13:27] - The prospect of ChatGPT as competition for major search engines in the future [00:15:27] - How his time at Google and Twitter informed his understanding of algorithms [00:17:20] - How social media algorithms work and how users reverse engineer them [00:22:44] - His take on the amount of people it takes to run tech companies like Twitter [00:26:39] - How protocols like Twitter Spaces factor into the modern tech ecosystem [00:28:23] - His transition from big tech to Wall Street and how the two career paths intersect [00:30:35] - How proximity to the investing side of the tech industry boosted his finance skills [00:32:16] - The degree to which AI tech shows promise for universal applications [00:34:01] - How his affinity for poker led him to crypto and NFTs [00:35:55] - What inspired his jump to creating an NFT-based startup [00:38:23] - The comparative value of powerful machine learning models versus the data itself [00:40:03] - How he thinks about different NFT value models and their tradeoffs [00:42:14] - The criteria that tend to make a given NFT more valuable than other similar ones [00:43:48] - How his model for NFTs valuations actually works [00:47:44] - Feedback he gets from users about his model [00:48:55] - High valuations associated with both minimalistic and cluttered NFT visuals [00:49:38] - The NFT liquidation auctions of FTX and Three Arrows [00:51:09] - The proportion of NFT profits from instant buying versus bidding [00:52:08] - How NFT traders make use of the model through the DeepNFTValue open API [00:53:59] - The future of their profitability given that their goal is widespread distribution [00:55:38] - The potential for lending and levering in future NFT markets [01:00:24] - What he’s most excited to build over the next six months and six years0 comments0
- Mike Dudas: Apprentice to Entrepreneur to Investor - [Web3 Breakdowns, EP.56]This is Eric Golden and my guest this week is Mike Dudas . Mike started his career at Disney, helped build Google’s payment business, and worked at Venmo before taking the plunge into entrepreneurship and crypto full-time. He co-founded two businesses and is now an early-stage investor at the firm he started, 6th Man Ventures. We cover his career arc and dig into the highs and lows along the way before discussing what has him most interested in Web3 at the moment. Please enjoy my conversation with Mike Dudas. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:11] - [First question] - Why it seems like he’s so connected across different networks [00:04:51] - Whether or not he always wanted to be an entrepreneur [00:06:30] - When crypto entered the picture for him [00:09:19] - Why he didn’t jump in earlier after being fully aware of the potential of crypto [00:10:44] - What taught him the skills he needed to confidently step into the startup space [00:13:29] - Being in the business of manufacturing courage [00:15:01] - The transition from Button to The Block in 2018 [00:20:54] - Recruiting people to the journalistic side of cryptocurrency [00:22:24] - Promise-driven sales and having strong convictions that are loosely held [00:29:34] - Things he said as a Bitcoin maximalist that he regrets [00:30:33] - Selling The Block and what happened in the aftermath [00:38:11] - What lead him from The Block into venture capital [00:41:47] - Going from a 7 million dollar fund to a 140 million dollar fund [00:43:27] - How he sees the pre-seed and seed stage focus in crypto playing out [00:48:04] - What the most exciting area is today and the deals that come across his desk [00:49:51] - How much of Twitter is a personal outlet for him and how he handles it [00:54:05] - What he’s most excited to see built over the next six months and six years0 comments0
- Magdalena “Mags” Kala: Hot Takes on Consumer Culture - [Web3 Breakdowns, EP.55]This is Eric Golden and my guest today is Magdalena Kala , or "Mags" as she's better known. Mags has an incredible back story, which involves immigrating from Poland on her own to attend boarding school in the United States. Admission to Harvard and Stanford, working for Bain Capital, and even running a notorious female blackjack ring. She's now the founder of Double Down, an early-stage investor focused on Web3 companies. We discuss her story, how she learned to invest in the consumer space, and why people like the owner of Boston Celtics trust her with their capital. Please enjoy my conversation with Mags. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:23] - [First question] - Her surprising and unique background [00:04:31] - To what she attributes her drive and ambition [00:05:25] - Her big move from Poland to the US at 16 years old [00:07:42] - Challenges in adapting to American culture [00:08:57] - Her analysis of the world as a game [00:10:44] - How she approaches both failure and risk [00:14:10] - Her time with a group of all-female card-counting blackjack hustlers [00:16:14] - Her most memorable blackjack game [00:17:29] - Getting a start in consumer investing at Bain Capital [00:20:24] - Criteria she looks for in consumer investment targets [00:23:27] - Analyzing the stickiness of identity-driven consumer brands [00:25:58] - Using customer demographics to pinpoint long-lasting brands [00:28:18] - Why she goes after cheap partnership arbitrage [00:29:44] - The push-pull between exclusivity and mainstream success of a brand [00:31:38] - Her transition from Bain Capital to striking out on her own [00:34:13] - Why she chose to pursue early-stage VC investing [00:36:57] - What drew her to Web3-integrated consumer products [00:40:02] - Her focus on mainstream adoption of crypto and blockchain tech [00:43:00] - How both traditional brands and crypto natives are impacting the space [00:46:34] - The gestation period of a crypto-native brand compared to traditional big brands [00:48:46] - Venture pitch deck characteristics she’s seeing in 2022 and 2023 [00:52:22] - The eccentric non-crypto-native people that back her fund [00:54:14] - How she managed to close her fund right before the FTX collapse [00:57:35] - Her philosophies for handling both early adopters and mainstream consumers [01:00:28] - Her current hot takes on the venture market [01:01:42] - How LPs are handling committing their capital in 2023 [01:03:57] - What she looks for when evaluating founders [01:06:06] - Why a founder might want to avoid picking her as an investor [01:06:46] - What she’s most excited to see built over the next six months and six years1 comments1
- Web3 Breakdowns Jan 20 · 59m Matt Walsh: Crypto Needs Higher Standards - [Web3 Breakdowns, EP.53]This is Eric Golden, and my guest today is Matt Walsh . Before we start, in addition to our opening disclaimer, I wanted to share that I have known Matt for many years. I’m an investor in his fund, and currently, or in the future, could work with some of the companies he mentions during this episode. With that said, Matt is one of the founding partners of Castle Island Ventures, which invests exclusively in the crypto industry. Including monetary networks, financial services infrastructure, and Web3. Before founding his VC firm, Matt worked at Fidelity, where he led a number of the companies crypto initiatives. In our discussion, which is far ranging, we discuss how his early experiences in crypto led to building a crypto VC, what themes his fund focuses on, his take on the 2022 collapse, the comparison of prior cycles, and his personal view on the appropriate regulatory response. Please enjoy my conversation with Matt Walsh. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:38] - [First question] - Being labeled as one of the first people to understand Bitcoin [00:04:48] - How his relationship with crypto evolved from a curiosity to investing in it [00:06:20] - Partnering with Nick Carter and how they came together [00:07:14] - What drove his decision to finally take the leap and become an entrepreneur [00:08:40] - Lessons learned from setting up and deploying his first fund [00:10:20] - Comparing the crypto space in 2022 to what it was in 2018 [00:11:47] - His opinion on what’s happened this year writ large and what it means [00:14:15] - How regulation serves customers better than a libertarian outlook [00:16:04] - Thoughts on the best way forward given crypto’s regulatory shortcomings [00:18:13] - Commissioner Hester Peirce - A Regulator’s View of Crypto [00:18:47] - How far away we are from having an active congress involved in crypto [00:20:57] - The notion of retail and yield generating products and why that part of the industry imploded on itself [00:23:22] - Whether or not he’d invest in crypto again given its current state of affairs [00:24:14] - Areas and macro trends he’s most excited about today [00:27:26] - How the concept of crypto is more enticing for brands than a public database [00:30:51] - Securities versus non securities and what brands are talking about [00:32:38] - The difficulty of figuring out the real market value of any given project [00:36:20] - How he would approach handling privacy and KYC in DeFi [00:38:31] - Defining financial service infrastructure and where they invest in it [00:40:01] - Some of the market structure bets they’ve made over the years [00:42:17] - How a prime broker would have helped in light of the FTX scandal [00:44:05] - His view on where things stand with Genesis and FTX and how they’ll unfold [00:50:35] - Monetary networks and what has his attention lately [00:52:14] - Why some countries and governments will push back against stablecoins [00:53:26] - Some of the craziest ideas that have come across his desk [00:54:23] - Trying to get to the base of an idea when it comes to due diligence [00:55:57] - What he’s most excited to build over the next six months and six years [00:57:09] - Whether we’ll get regulation in crypto or a migration of traditional assets to crypto rails first1 comments1
- Quarterly Market Recap: Q4 2022 - [Web3 Breakdowns, EP.53]Our final quarterly recap to close what’s been an eventful year in the crypto industry. We thought Q2 was full of carnage but Q4 may have topped it. We cover the FTX collapse, the implications for the broader funding and building landscape, and close with Eric’s high-level state of the union. Enjoy. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:10] - [First question] - His reaction to market fallout following the FTX collapse [00:09:12] - How crypto tech and infrastructure can outlast its disgraced figureheads [00:11:38] - His response to the notion that bad actors are weakening the crypto space [00:17:33] - How widespread negative perception of the crypto industry might affect innovation [00:24:11] - The impact of this crypto washout on future investment in eccentric founders [00:28:22] - Speculations on the magnitude of the domino effect from FTX’s downfall [00:35:06] - The precariousness and subjectivity of legal agreements in the space [00:37:10] - The level of risk the remaining big personalities of crypto are responsible for [00:43:59] - His closing thoughts on the state of crypto in Q4 20221 comments1
- Jared Klee: Web3 Insurance - [Web3 Breakdowns, EP.52]This is Eric Golden and my guest today is Jared Klee . Jared is Director of Web3 at Vouch Insurance and was previously blockchain project manager at IBM. Our conversation starts with Jared's crypto experience at IBM and how they use blockchain technology to help move mangoes around the world. Yes, mangoes. We then dive into insurance, how Vouch underwrites Web3 startups, and what mistakes most founders make. Please enjoy this conversation with Jared Klee. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:11] - [First question] - What IBM was working on when he was the Director of Blockchain [00:04:00] - How an enterprise blockchain works compared to popular blockchains [00:05:17] - What it means to secure a network like an enterprise blockchain [00:06:30] - Whether or not their process is displacing databases [00:08:01] - Making the jump from a manilla envelope system to a blockchain [00:09:27] - A thumbnail sketch of the insurance world and policies one might need [00:13:28] - How the old model of insurance compares to the insurance market today [00:17:11] - Strong underwriting practices that ensure policies generate a profit [00:19:59] - Adding risk to their balance sheet when they underwrite projects [00:21:21] - Thinking about underwriting risk as the insurer [00:24:40] - Key factors that allow their model to work [00:25:28] - How founders work through the policy price, coverage, and terms [00:28:22] - Why Vouch considers Web3 an opportunity and not a risk [00:32:08] - How the crypto downturn has impacted their underwriting process [00:34:57] - Handling the uncertainty of the future when their clients add leverage [00:38:41] - Base level insurance packages startups should have and when to step it up [00:44:08] - Some of the greatest mistakes he’s seen while working with founders [00:47:07] - Examples of smart contract risk going well and badly [00:49:31] - Whether or not more insurers will enter this space over time [00:51:44] - A risk they’ve encountered that was too big for them to engage [00:54:09] - What he’s most excited to see built over the next six months and six years1 comments1
- GMoney: Status Games at Scale - [Web3 Breakdowns, EP.51]This is Eric Golden and my guest today is gmoney . Gmoney is an influential builder, collector, and investor in the NFT community. He shot to fame with a tweet thread explaining why he bought a CryptoPunk for 140 ETH in January 2021 and has since transitioned from full-time equities trainer to builder with Admit One and 9dcc, his crypto native luxury clothing brand. To show just how far he has come in this space, Adidas teamed up with gmoney to bring their brand into Web3. I hope you enjoy this conversation as much as I did. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:23] - [First question] - Context and inspiration for GMoney’s famous Twitter thread [00:08:11] - Why he dove into NFTs so aggressively [00:09:59] - All-in crypto diversification as opposed to closed-minded crypto trading [00:14:05] - NFT collecting in the mainstream [00:15:32] - The potential of an NFT as a “digital flex” [00:18:24] - The sharp increase in NFT values and the volatility of NFTs [00:21:32] - Distinctions between NFT technology and the NFT market [00:25:18] - How he landed his deal with Adidas [00:27:58] - His transition from traditional trading to the NFT market [00:29:26] - His early goals with NFT trading and adaptation as the space evolves [00:31:40] - The role of brand deals and influencer marketing in GMoney’s business model [00:35:04] - Helping clients and partners understand the NFT space [00:37:25] - Incentivising buyers to pay royalties to NFT artists [00:39:38] - The future of NFT royalties technology [00:40:41] - Divisions of the GMoney empire [00:44:07] - Explaining POAPs and their potential in the crypto community [00:47:59] - Why he gives out POAPs for free [00:48:54] - About 9dcc, the crypto-native fashion brand for real-world gamification [00:52:30] - How a POAP transfer works using a 9dcc t-shirt [00:54:04] - The communal success of the POAP pop-up event in Miami [00:56:03] - Why your net worth equals your network in the crypto universe [00:57:31] - Figuring out the optimal volume of POAPs to distribute [00:58:21] - What he is most excited to see built over the next six months and six years1 comments1
- Jay Stolar: The Future of Songwriting - [Web3 Breakdowns, EP.50]This is Eric Golden and my guest today is Jay Stolar . Jay is a musician, songwriter, and producer whose songs have been streamed over 200 million times and recorded by artists ranging from Selena Gomez to John Legend. Jay is also the co-founder of Hume Collective, a Web3 record label that creates music and virtual artists in the metaverse. We discuss Jay’s songwriting process and music career, the challenges he faced as a songwriter in the existing music industry, the creation of virtual pop star angelbaby, and what Web3 will do for songwriters in the future. Please enjoy this conversation with Jay Stolar. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:20] - [First question] - His background and what it’s been like to live the life of an artist [00:06:52] - How good the songs are that he tries to write every single day [00:08:52] - When you know you have a hit on your hands [00:10:58] - Persevering through writer’s block and the origin of the word genius [00:14:27] - How he went from being a musician to writing for Selena Gomez and pop stars [00:22:47] - Starting from a position of opportunity not disrupting an existing industry [00:25:40] - What a virtual artist or metastar is and how to create one [00:27:30] - Transitioning from a digital project to Web3 [00:29:55] - Overview of angelbaby their origin story [00:33:52] - How the mechanics of angelbaby as an artist works [00:37:02] - Organizing and engaging with a community that has influence over the project [00:40:10] - How community voting impacts songwriting [00:43:01] - Visions for HUME as a platform and label [00:45:56] - What he’s most excited to see built over the next six months and six years1 comments1
- Adam Brotman: Web3 Loyalty Programs - [Web3 Breakdowns, EP.49]This is Eric Golden and my guest today is Adam Brotman . Adam was the former Chief Digital Officer of Starbucks, where he built out their immensely successful rewards program and digital platform. Today he is the co-CEO of Forum3, and he recently helped Starbucks design their new web3 experience called Starbucks Odyssey. In our conversation, we discuss how consumer loyalty programs are a quid pro quo, why NFTs are great engagement tools for brand marketers, and why digital collectibles should be decentralized. Please enjoy this conversation with Adam Brotman. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:01:57] - [First question] - A background sketch of his early career in the digital world working with Starbucks [00:03:47] - How Starbucks felt about moving to digital back in 2008 [00:06:25] - The vision to turn a coffee company into a tech platform company [00:08:55] - Moments where they felt they were pushing the edge of what digital could be [00:11:04] - Going from digitizing Starbucks to stepping into the crypto space [00:16:33] - Consumer brand loyalty is a quid pro quo and loyalty program economic tuning [00:19:09] - Early thoughts on consumer brand loyalty and NFTs colliding [00:22:23] - The initial reactions to an augmented loyalty program [00:23:55] - What Starbucks Odyssey is and what they plan to do with it [00:26:29] - The ideal customer that Starbucks Odyssey is designed for [00:28:29] - Why use a blockchain for Odyssey instead of a central database [00:31:20] - Big brands concerns about moving their customers onto public blockchains [00:34:37] - Competitive brand perceptions in a memetic sense [00:35:45] - Other exciting projects he’s working on currently [00:37:25] - A good example of collaboration that benefited the customer [00:39:29] - What’s he’s most excited to see built over the next six months and six years1 comments1
- Web3 Breakdowns Dec 2 · 1h 2m Sergio Silva: Institutional Custody and Payments - [Web3 Breakdowns, EP.48]This is Eric Golden and my guest today is Sergio Silva. Sergio is a Senior Director of Web3 at Fireblocks, a platform that helps institutions custody and transfer funds. In this wide ranging conversation, we discuss the impact of NFT royalties going to 0%, how Fireblocks helps institutions secure their wallets, and why stablecoins and cross-border payments will be adopted in emerging markets. Please enjoy this conversation with Sergio Silva. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:11] - [First question] - His thoughts on NFT royalties dropping to 0% and the impacts of that change [00:04:20] - Whether or not secondary sale royalties could be implemented via smart contracts [00:05:11] - Where the industry is headed given the changing landscape and its underlying technology [00:11:03] - His background ranging from banking all the way to Crypto Punks [00:13:27] - What moved him from writing an article against NFTs to dropping $10k on them [00:15:04] - The dissolution of the Crypto Punks Discord channel and where it’s at now [00:16:41] - Overview of what Fireblocks is and what they do [00:18:14] - What MPC is and why it makes Fireblocks so special [00:19:22] - Fireblocks’ target audience and clientele [00:19:59] - Why they choose to stay B2B and not launch their own exchange [00:21:33] - Definitions of custodians, qualified custodians, self-custody, and technology layer [00:23:00] - Overview of what crypto wallets actually are and the broad scope of them today [00:25:54] - The different use cases of wallets writ large [00:28:40] - How to handle wallets as an identity on blockchains in tandem with privacy [00:30:50] - Brands building on top of crypto layers and what’s impressed him the most [00:32:18] - How much Fireblocks deals with TradFi compared to crypto native firms [00:33:21] - The chances of Fireblocks becoming solely a technology layer [00:39:39] - How he lost his Punk and what he had to do to get it back [00:43:35] - DeFi collateralization, overcollateralization, and the use cases for it [00:45:33] - Overview of the global payments system and where crypto will have a place in it [00:50:04] - Explaining sending crypto and NFTs to his family [00:57:07] - Concerns for capital controls as crypto becomes more globally adopted [00:58:25] - Thoughts on the greatest use cases for stablecoins [01:00:10] - What he’s most excited to see built over the next six months and six years0 comments0
- Nick Cannon: Risk Management in DeFi - [Web3 Breakdowns, EP.47]This is Eric Golden and m y guest today is Nick Cannon . Nick is the Head of Growth at Gauntlet, a simulation and financial modeling platform for DeFi protocols. In our conversation, we breakdown the financial attack on Mango, how better DeFi governance mitigates risk, and why governance is a bottleneck in most protocols. Please enjoy this conversation with Nick Cannon. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:38] - [First question] - His take on FTX selling itself to Binance [00:03:24] - Categorizing at a high level the different sectors of DeFi [00:04:11] - How DeFi handles the subjective parts of credit financing [00:05:11] - What Mango is and what happened to them in their recent attack [00:10:03] - Whether or not a decision was made to settle with the attacker [00:10:39] - How the insurance funds are structured for DeFi protocols [00:12:22] - Getting through the cold start problem of launching a new exchange [00:14:04] - What Gauntlet is and what they do [00:14:54] - His view on DeFi attacks in general [00:15:52] - The story of how Gauntlet came to be [00:16:44] - Thoughts about safety and experimenting as early adopters [00:17:51] - Working with protocols to help them navigate risk management [00:18:53] - Being a key player in risk management in the crypto space can be a dangerous and thankless job [00:20:17] - Thinking about alignment being third party players on a contract [00:21:12] - What it’s like to simulate and present risk to clients and how they receive it [00:23:05] - Whether or not the Mango Squeeze can be done anywhere with enough money [00:24:05] - What position limiting and supply caps are and how they work [00:25:12] - Going about implementing risk parameters into a protocol [00:26:06] - Whether or not Gauntlet is running an API and involved on an ongoing basis [00:26:51] - How hard it is to get a voting consensus in risk management [00:27:30] - Pitching fine tuning risk parameters to a protocol [00:28:32] - Gauntlet’s liability and being held accountable if something bad happens [00:29:30] - What he was doing before joining Gauntlet [00:30:24] - Bullish and bearish factors for the future growth of Gauntlet [00:31:21] - Whether or not this space will ever self-govern or require outside regulation [00:32:01] - The mechanism for incentive optimization and how it works [00:34:02] - Inherent flaws of third party staking to get liquidity without collateral requirements and risk parameters [00:37:44] - How Gauntlet has such a widespread impact over an exchange like Sushi [00:39:45] - Whether or not they use their data for other applications or advantages [00:40:17] - What he’s most excited to see built over the next six months and six years0 comments0
- EG Galano: Decentralized Infrastructure - [Web3 Breakdowns, EP.46]This is Eric Golden and my guest today is EG Galano , co-founder of Infura. EG launched Infura out of ConsenSys in 2016 to meet a growing need for blockchain infrastructure providers. Our discussion covers the challenges of running an Ethereum node, how Infura convinced developers to trust a centralized service provider, and why Infura plans to decentralize in the near future. Please enjoy this conversation with EG Galano. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:08] - [First question] - How he first got involved with Ethereum and wound up at ConsenSys [00:04:57] - What made the idea of smart contracts so special and first got his attention [00:06:21] - The original inspiration behind building Infura [00:08:31] - What life was like trying to build on top of Ethereum before Infura [00:10:19] - Overview of what a node is and what it’s like to run one [00:11:49] - When the time came to outsource instead of handling infrastructure internally [00:14:15] - How Infura was initially received and whether or not blockchain participants and builders felt it went against their decentralized philosophies [00:19:48] - Going from an open source project to a monetized platform [00:22:49] - How their premium offering was received and which developers made them second guess themselves [00:24:14] - The story of Uniswap and how Infura influenced and impacted their success [00:27:52] - How the buying and trading of an NFT with MetaMask interacts with Infura [00:32:01] - Whether or not building applications on blockchains is more similar to on-premise servers than building on the cloud [00:34:08] - His thoughts about their market share and possible system fragility [00:35:39] - How their mission incentivizes them to help and support their competitors [00:39:14] - What he’s worried about that could go wrong when decentralizing infrastructure [00:41:11] - Jai Ramaswamy - Crypto Regulation and Enforcement [00:43:58] - Thoughts about decentralization, the benefits of it, and where Infura is headed [00:48:11] - Describing the future of Infura in a non-technical way [00:49:32] - The trigger that lead to making an immediate pivot in their trajectory [00:53:44] - What he’s most excited to see built in the six months and six years0 comments0
- Jai Ramaswamy: Crypto Regulation and Enforcement - [Web3 Breakdowns, EP.45]This is Eric Golden and my guest today is Jai Ramaswamy. Jai is the Chief Legal Officer at Andreessen Horowitz and we recorded this interview at the Money20/20 conference in Las Vegas. In our discussion, we cover the regulatory agencies involved in crypto, the balance between privacy and compliance, and how a16z thinks about responsible regulation. Please enjoy this conversation with Jai Ramaswamy. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:01:52] - [First question] - How he went from a traditional finance lawyer to a crypto one [00:08:05] - A framework for how to think of the regulatory bodies that intersect with crypto [00:12:46] - Who’s responsible when you receive an OFAC sanction and what it was like seeing a protocol receive one [00:20:32] - Whether or not OFAC is an organization that tries to send a message to participants through their actions [00:23:15] - Thoughts about the line regulators are walking between being thorough and protecting transaction privacy [00:29:32] - Money laundering in traditional finance versus crypto [00:34:37] - How law enforcement could enforce or stop a truly decentralized smart contract [00:38:44] - The nature of disclosure and what the Howey Test is [00:47:34] - Commissioner Hester Peirce ; Smart Regulation and how guidance and enforcement can help legitimize an asset class [00:51:25] - His take on the recent FTX piece that came out [00:54:43] - Thoughts on stablecoins, their uses, and a possible means of destabilization [01:00:32] - The tension between innovation and compliance and the implications of the balance between them [01:06:40] - What he’s doing about policy in light of everything that was discussed today0 comments0
- 0xfoobar: Crypto Culture and Convention - [Web3 Breakdowns, EP.44]This is Eric Golden and my guest today is 0xfoobar . Foobar is a developer and investor who writes a must-read newsletter called The Variable. We discuss the tradeoff between privacy and compliance, how culture and law shape each other, and his views on crypto regulation. Please enjoy this conversation with 0xfoobar. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:02] - [First question] - How he built such a robust technical background in his career that lead him to crypto [00:04:42] - The trade off between compliance and privacy and his take on it writ large [00:07:27] - Whether or not people have given up on the idea that privacy of transaction matters [00:11:17] - The current technical framework for what exists in privacy today for crypto [00:14:07] - Defining a zero knowledge proof and explaining the process to do one [00:18:55] - The public ledger incentivizing other economic models and the ways crypto will be used in the future that might not be what we imagine today [00:20:14] - People want to experiment but doing so can involve blind risk unless they’re familiar with the space [00:22:00] - Reversible transactions and why they’re harmful [00:26:37] - Opensea’s flagging involvement and whether or not we’ll have a cash-like layer built on top of the irreversible chain [00:29:26] - Minimizing crypto purchase risk and protecting participants with a transaction cooling process or holding period [00:32:46] - The ways in which law and culture shape each other [00:34:14] - Examples of how culture affects crypto in ways that laws don’t yet [00:36:31] - DeFi protocol hacks and how the culture should handle that kind of behavior [00:40:49] - His thoughts on the current takes of trying to bring regulation by enforcement to the crypto space [00:42:33] - What he would do about regulation with SBF’s wealth, power, and influence [00:43:18] - His current area of focus is lately and what he enjoys doing the most [00:46:50] - What he’s most excited to see built in the next six months and six years0 comments0
- Jared Grey: Leading a Decentralized Exchange - [Web3 Breakdowns, EP.43]This is Eric Golden and my guest today is Jared Grey . Jared was recently elected Head Chef of SushiSwap, one of the most recognized decentralized exchanges in crypto. We discuss the pros and cons of a community-led governance structure, how and why Jared decided to campaign for this CEO-type role, and the opportunities to improve SushiSwap's structure over the long-term. Please enjoy this conversation with Jared Grey. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:09] - [First question] - Addressing the accusations after being appointed head chef at Sushiswap [00:04:27] - How he first got into crypto and the road leading him to Sushiswap [00:06:50] - Overview of what a decentralized exchange is compared to a centralized one [00:08:17] - The unique way liquidity is provisioned in a DEX [00:09:47] - What permanent loss is and the main critique against DEXs [00:10:34] - Whether or not he believes DEXs will surpass centralized exchanges in volume [00:12:06] - The history of SushiSwap before he arrived [00:15:22] - Explaining the differences between Uniswap and SushiSwap [00:18:39] - Where his power starts and stops, and the challenges of running a community lead organization versus a traditional governance structure [00:20:44] - An example of how decision making happens inside of SushiSwap [00:22:57] - A situation where a gridlock happened and having a centralized governance structure might have helped [00:26:35] - The challenges of developing more features without making an overwhelming user experience [00:28:38] - The nomination process for him to become the head chef at SushiSwap [00:30:44] - The voting system and candidates involved in the voting process [00:33:08] - His mental model for the voting system and ways to modify the existing one [00:36:10] - How the transition of power works in a situation like his [00:37:22] - Thoughts on regulatory risk and regulatory structure [00:38:41] - His outlook for Sushi and where he wants to take it going forward [00:40:23] - What he’s most excited to see built over the next six months and six years0 comments0
- Web3 Breakdowns Oct 15 · 47m Matthew Graham: Bringing Crypto to Emerging Markets - [Web3 Breakdowns, EP.42]This is Eric Golden and my guest today is Matthew Graham . Matt is the co-founder and CEO of Sino Global Capital, a venture firm that made early investments in FTX, Solana, Wintermute, and other notable crypto projects. We discuss the origin story of Sino Global and delve into investing in China and emerging markets, including India, the Middle East, and Africa. Matt discusses his views on reinventing financial infrastructure, from TradFi to DeFi. Please enjoy this conversation with Matthew Graham. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by OKX . You may have seen OKX on McLaren’s Formula 1 race car or Manchester City’s football kit. But what is OKX? OKX is the increasingly powerful crypto trading platform. OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That’s why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:13] - [First question] - How he got into one of the hardest asset classes in emerging markets [00:04:43] - What lead him to China and where he first started his career [00:06:52] - The origin story of Sino Capital and what its first iteration looked like [00:09:13] - Whether or not he felt he had an edge in the early days [00:09:44] - Being comfortable in an uncomfortable idiosyncratic position and if he would have ever gone back to a traditional path [00:11:06] - What European and Western investors would miss and not understand about the regions he invests in [00:12:07] - His take on Chinese and Indian markets and their similarities and differences [00:13:05] - Deciding to enter these markets and what gave him the confidence to do so [00:14:18] - How often he’s dealing with international founders versus local ones [00:15:07] - The Sino Capital business model and balancing being long-term greedy with stakeholder needs [00:18:22] - Thoughts on evaluating founding teams and where Sino wants to invest [00:22:22] - How long they wait to invest after first meeting a team or founder [00:24:44] - What percentage of his time is spent sourcing new deals versus managing the existing portfolio [00:26:16] - Whether or not he’s relied on the insight of investors and mentors when it comes to how he’s structured Sino Capital [00:27:25] - His philosophy when it comes to bringing new people onto the team [00:29:58] - The turnover rate of Sino interns and how many become employees [00:31:24] - Ways to explain to laypeople the differences between TradFi and DeFi and the what DeFi will unlock for the future [00:35:38] - How he’d rebuild TradFi if he could wave a magic wand [00:39:24] - Walking through the pros and cons of the role regulation will play in crypto [00:44:21] - Where he’d suggest a young entrepreneur go in the world to find a new frontier and which asset classes they should participate in [00:45:59] - What he’s most excited to see built in the next six months and six years0 comments0
- Quarterly Market Recap: Q3 2022 - [Web3 Breakdowns, EP.41]This is Matt Reustle and it's that time again - our 3Q 2022 quarterly recap. If you listened to our second quarter episode, that was a recap of carnage. A "what the hell just happened" episode. For this go-around, Eric helps assess the damage and signs of light in the market. The tide came up, we know who was swimming naked; but who was an emerging winner in Eric's mind? Spoiler alert - it's not just SBF. We cover early takeaways from the Ethereum merge, his observation on the convergence between traditional finance and crypto, and why Eric is so interested in the Bitcoin mining market in 4Q. Please enjoy this quarterly recap. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by Coinbase Prime . Coinbase Prime combines advanced trading, battle-tested custody, financing, and prime services in a single solution. Clients have used our comprehensive investing platform to execute some of the largest trades in the industry because they are the only publicly-traded company with experience trading and custodying crypto assets at scale. Get started with Coinbase Prime today at coinbase.com/prime . -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:22] - [First question] - General thoughts and most memorable points of Q3 2022 [00:06:52] - Getting comfortable with the idea of a floor in an industry without the means of being bailed out by something like the Fed [00:11:54] - The level playing field and other players that have come out looking strong given the downside in the market [00:15:13] - A quick recap of the Ethereum merge, current takeaways, and the road ahead [00:21:06] - Whether or not there’s a way to measure the merge’s success going forward [00:25:46] - The ultimate vision for Ethereum staking and its reward system [00:27:22] - Whether or not leverage is what brought the system down [00:30:43] - Major institutional momentum and adoption in crypto [00:34:36] - The growth equity trolls were louder than the crypto trolls and crypto social stigma [00:41:47] - Sentiments around the new wave of Free-To-Own NFTs [00:45:16] - Material impacts on NFTs with a trend towards creative commons licensing and the experimentation phase of Intellectual Property [00:50:15] - What’s driving his interest around Bitcoin mining in the near future0 comments0
- Michael Safai: High Frequency Crypto Trading - [Web3 Breakdowns, EP.40]This is Eric Golden, and my guest today is Michael Safai . Michael is the managing partner at Dexterity Capital, a high-frequency trading firm that trades billions in crypto every day. We discuss market neutral trading strategies, the challenges of high-frequency trading in crypto compared to tradfi, and the pros and cons of trading on DEXs versus centralized exchanges. Please enjoy this conversation with Michael Safai For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by Coinbase Prime . Coinbase Prime combines advanced trading, battle-tested custody, financing, and prime services in a single solution. Clients have used our comprehensive investing platform to execute some of the largest trades in the industry because they are the only publicly-traded company with experience trading and custodying crypto assets at scale. Get started with Coinbase Prime today at coinbase.com/prime . -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:07] - [First question] - Pivoting away from law and winding up in crypto [00:04:45] - A thumbnail sketch of Dexterity and what a proprietary capital firm is [00:06:08] - The juxtaposition between TradFi and DeFi in high frequency trading [00:09:13] - How non-standardization is as much an opportunity as it is challenging for builders [00:11:18] - Whether or not he plans on managing money for outside capital [00:12:43] - A high level overview of running a market neutral firm in the crypto space [00:14:24] - What a retail trader would need to take advantage of their arbitrage strategy [00:15:20] - Strategies to deploy to reduce volatility in crypto at a microstructure level [00:16:35] - How much large firms are trading against each other and their market structures [00:17:13] - What perpetuals are and trading them as a security [00:18:53] - How he’d interpret Ethereum’s negative funding rate during the merge [00:20:29] - Whether he’s seeing traditional firms trying to get into and staying in crypto [00:22:07] - Top data and indicators to get a sense of the healthiness of a market [00:24:39] - His high level thoughts on web3, NFTs and new mainstream assets [00:26:04] - Pros and cons of a centralized exchange versus a DEX [00:28:51] - Thoughts on the code is law versus trading philosophy [00:30:46] - Some crazy stories from his early days of trading on DEXs [00:32:34] - The level of difficulty to getting alpha today compared to in the early days [00:33:55] - The different game of trading on DEXs versus centralized exchanges [00:35:15] - How to find an edge when everyone’s cards are face up [00:35:59] - His approach to diligence and analyzing an investment firm like his to invest in [00:37:10] - What good regulation would look like to minimize public skepticism [00:38:46] - How he looks to recruit talent and managing a global workforce [00:40:38] - Staying on top of all of his teams and what’s going to happen next for Dexterity [00:41:26] - Managing risk in automated systems when unexpected events occur [00:43:11] - Where we are in the cycle of standardization and what it means for finding returns [00:45:34] - Binance shifting to a single stablecoin affecting liquidity for market neutral firms [00:47:23] - Leverage six months ago compared to today and what it means going forward [00:48:44] - What he’s most excited to see built over the next six months and six years0 comments0
- Tom McLeod: Genius of the Commons - [Web3 Breakdowns, EP.39]This is Eric Golden and my guest today is Tom McLeod . Tom is the founder and executive director of Arkive, the first ever decentralized museum. We discuss Tom’s early career in music and technology, the inspiration to start a museum, and the inner workings of the Arkive community - including voting, incentives, and ownership. Please enjoy my conversation with Tom. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here . -- This episode is brought to you by Coinbase Prime . Coinbase Prime combines advanced trading, battle-tested custody, financing, and prime services in a single solution. Clients have used our comprehensive investing platform to execute some of the largest trades in the industry because they are the only publicly-traded company with experience trading and custodying crypto assets at scale. Get started with Coinbase Prime today at coinbase.com/prime . -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:04] - [First question] - Having a vision to work with computers in the second grade [00:05:14] - Going from a child computer coder and starting an indie record label [00:07:00] - Working in a big music studio in the midst of the streaming and digital revolution [00:09:22] - The road leading from Omni to Arkive [00:13:02] - A high level sketch of Akrive and what their mission is [00:14:17] - Finding pieces to fill this new approach to curating a museum [00:16:15] - Who can become a member and vote for what makes it into the museum [00:18:55] - Community owned capital and community owned assets [00:21:07] - How members can earn their Arkive points [00:22:30] - Mechanics of voting and the curation community decisions [00:26:14] - Sourcing items of the caliber able to excite their participants [00:27:49] - How they approach pricing and valuation for art and collectibles [00:29:48] - What it was like to hold the ENIAC patent for the first time [00:32:24] - Making sure items purchased can be seen by the public [00:34:58] - Whether or not they plan to step outside of the viewable museum model [00:37:09] - Plans to make fractional ownership and private investing possible [00:39:09] - Advertising that they’re hiring on-chain pricing oracles [00:41:45] - The likelihood of liquidity in light of exclusivity [00:42:45] - Building out their own infrastructure and tools [00:45:17] - What he’s most excited to see built over the next six months and six years0 comments0
- Lex Sokolin: Explaining the Ethereum Merge - [Web3 Breakdowns, EP.38]This is Eric Golden and my guest today is Lex Sokolin . Lex is the Head Economist at ConsenSys, a major Ethereum development company that built MetaMask. Our conversation breaks down the Ethereum merge and its implications on the network and ecosystem. We discuss how the switch affects centralization, the crypto economics of inflation and deflation, and popular market narratives around the event. Please enjoy this conversation with Lex Sokolin. For the full show notes, transcript, and links to mentioned content, check out the episode page here . -- This episode is brought to you by Coinbase Prime . Coinbase Prime combines advanced trading, battle-tested custody, financing, and prime services in a single solution. Clients have used our comprehensive investing platform to execute some of the largest trades in the industry because they are the only publicly-traded company with experience trading and custodying crypto assets at scale. Get started with Coinbase Prime today at coinbase.com/prime . -- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes . Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here . Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:08] - [First question] - The history leading up to the Ethereum merge [00:06:00] - A high level overview of proof-of-work compared to proof-of-stake [00:13:26] - Critical arguments he’s heard that have merit and are worth debating [00:17:19] - How staking worked before the merge and how it’ll work afterwards and allow retail traders to participate more easily [00:23:51] - Control of governance and decision making power when staking is outsourced [00:28:49] - How far away we are from being able to stake directly from our wallets [00:34:22] - Ways to think about and calculate the interest rate impact post-merge [00:36:58] - Liquidity of staking and ease of access to deposit and withdraw tokens [00:38:14] - An Ethereum fork and why so many participants are shorting Ethereum today [00:43:49] - What would happen to unique and serialized NFTs in a network fork [00:47:53] - How conversations have gone between him and institutional players about the coming changes to the network [00:51:34] - What he’s most excited to see built in the next six months and six years0 comments0
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