The Ledger, every show

“We think there's a very plausible scenario where 99% of all crypto assets are NFTs in the longer run, especially as minting costs come down into the few cents or perhaps fraction of a cent.”

“You could see Yuga basically becoming a web three version of Disney, and all of it is going to trace back to these holders of the original board eight pictures.”

“The ones we've been talking about are investment DAOs, and those really mimic a venture capital fund, and in fact, we think will displace a portion of venture capital over time.”

“I don't know if it's five years or nine years or 13 years, but I do know that our north star at the fund is that everybody is going to have a digital wallet. They are going to be as ubiquitous as email addresses. It's gonna be the way you receive your paycheck…”

“That really is the big innovation, is this idea that digital wallets will be able to hold all different kinds of assets. You'll be able to hold shares of stock and bonds and pieces of real estate, maybe the mortgage to your home, like all these different sorts…”

“We know we're going to move past this, and we think that Tokens and token gated access control might be one of the mechanisms which would be the next generation of authenticating into sites.”

“We think that actually the biggest use cases in crypto are not going to be purely financial in nature. They're actually going to be things that map the social graph.”

“The vast majority of collections don't trade, and the vast majority of items are probably going to go to zero.”

“When you talk to founders, many times they prefer to take capital from DAOs as opposed to traditional venture firms.”

“This is probably the way the metaverse looks because a fixed map is very skeuomorphic, as they say. It's kind of like if we were to imagine regular real estate in a digital environment, it would look like a fixed map. But this is cyberspace. There's no reason …”

“Something like 90% or maybe more than 90% of collections on OpenSea have never had a single trade.”

“We think of a metaverse as a base layer, so it's a layer upon which many other things will be built. You can go into the metaverse and you can play a game. You'll probably be able to go into the metaverse and trade stocks. You'll probably be able to go into th…”

“We think something similar will happen in Web three. Where something like Axler is an overlay network on top of all of these sub-ecosystems, from the user's perspective, it's totally transparent.”

“So if I say, how do we go from three hundred million to five billion? I think it's going to be more through these use cases that revolve around access and usage more than it's going to be trading.”

“One of the things we saw is that as we moved through 2017, the projects got better at capturing more of that value. So we weren't seeing as large of sort of the pop On day one of trading.”

“Initially, everybody was ignoring securities laws entirely, and then there was this idea, like, oh, maybe we need to comply with these things, and so then there were all these other mechanisms, like the SAFT that were invented, and so I'd say that was the othe…”

“So I think what you're going to see is a spectrum. So some assets are going to trade 24 seven. I mean, many assets already do. Bitcoin is traded 24 seven. Ethereum is traded 24 seven. For traditional assets, maybe the larger issues will trade 24 seven, but you…”

“The initial versions of security tokens are going to be plain vanilla issuances. We're going to take, like, the simplest version of representing an ownership claim in one of these assets and represent it on chain, and those will be kind of the test cases, righ…”

“Even like setting retail aside for a minute, like if you could just open those assets up to all accredited investors all across the world, that's an enormous increase in market depth. And so you have to believe that that is going to impact liquidity. It's goin…”

“Many of the traditional investors are intimidated by the technology or just the interfaces, but I think as they start moving up that learning curve, that's when you're going to see more and more assets tokenized because there's going to be a larger and larger …”

“There was one or two funds over a hundred million dollars in the entire crypto space.”

“So they ported it over to Ronin. Users went to 50,400 thousand, and a 1,000,002 million, and so the thing just took off.”

“This was like, 2018, 2019. 20 20, a few. And this last year, 30% of the class on day one before we'd started any of the content already had A digital wallet.”

“1.5 million people total ever in the world have ever executed a transaction for an NFT on OpenSea.”

“There's three hundred million users that have a crypto exchange account at this point. There's five billion internet connected humans on the planet.”