šļøThe Future of Ownership | Pod 179
Whatās up everybody, itās LG Doucet here.
Are we all gonna get rich?
Thatās the questions we ask when we see our favorite NFT brands raise a massive round of capital investment.
Doodles. Apes. Pixel Vault. Moonbirds. Jenkins.
The list of NFT-native projects that started off as indy darlings but have now taken on institutional investors grows by the day. And we canāt blame them - get that money, grow that business, become the next Disney, yadi yada yada.
But for plebs holders like us, thereās a harsh reality buried in the hopium news of VC raises: that ROI for the investors matters more than ROI for the holders.
Itās part of growing up as a company. And unfortunately, its a departure from the ethos of web3: the decentralization of value and capital. Web3 was never supposed to be about the corporations and the silicon valley crowd; its meant to be a place where the people, the participants, and the network see the lionās share of the value.
And lucky for us, thereās a place very close to our hearts that is living up to these ideals, and empowering great network-based projects to develop out in the openā¦
š® Todayās Pod: The Future of Ownership | Jess Sloss
Meet Jess. Heās tall. And he has a vision.
Nay, he has conviction in what the true meaning of web3 will be: driving shared digital value directly into the communities and networks that inhabit the landscape.
On todayās show, we discuss what we as participants in this network (and our multiple sub networks) should expect from the space, and what it should expect from us.
Should we simply be treated as consumers?
Should we only expect healthy returns?
Or should we move beyond the current meta, and support projects living up to the broader ideals of the space?
Jess runs The Seed Club: an incubator for web 3 communities and networks.
Twice a year, they take on 15-20 projects and give them the tools, resources, and guidance necessary to see their fantastic ideas through to the other side.
Notable projects?
Krause House: DAO that wants to buy an NBA team.
PoolSuite: decentralized lifestyle brand.
Cabin DAO: a network for creators based in real cabins
Andā¦The First Mint! We were lucky to sneak into their second cohort back in February 2021, which resulted in our membership launch in July 2021.
Notes from the pod:
Jess + LG discuss the simple life (1:00)
Jessā start in crypto during the last bear market (4:00)
The early days of owning networks (08:00)
What surviving the last bear was like (11:00)
LUNA was the bad one this time. What was it like last time (15:30)
Whatās the current value prop of NFTs right now (19:00)
Should native NFT projects take that VC money (22:00)
Most NFT holders are consumers, not members (26:00)
What is the Seed Club? (28:00)
The best projects in the Seed Club accelerator (30:00)
How projects launch and find product market fit (37:00)
How regular people can follow Seed Club and participate (42:00)
What to look for in crypto (49:00)
Would you rather (55:30)
Seed Clubās latest season of projects (thread)
Sidenote: I think Jess has my new favorite LinkedIn sub header
š§ICYMI: How Premint Is Making NFTs Less Painful | Brenden Mulligan
āØTop Hits of 2022
Weāve recorded a lot this year. Here are the top downloaded pods on TFM so far.
š„ #141 - 10 Rules for NFTs in 2022
š„ #143 - The Blog That Blew Up NFTs | Jonathan Bales
š„ #144 - The Future of Crypto Influencers | Space Cowboy
š„ #156 - Will Sports NFTs Survive?
š„ #159 - The History of Crypto Winter
š„ #169 - Crypto Portfolio 101 | Scott Melker
About The First Mint
The First Mint is a web3 media company. We make. We write. We talk. We listen.