Stephen McKeon discusses the scale of crypto adoption relative to total global internet users.
Prediction Not checkable as stated
McKeon: 99% of all crypto assets could be NFTs long-term
“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.”
Prediction Not checkable as stated
McKeon: Yuga Labs could become the Web3 version of Disney
“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.”
Prediction Not checkable as stated
McKeon: Investment DAOs will displace a portion of traditional VC over time
“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.”
Prediction Open · timeframe Jun 2035
McKeon: Digital wallets will become as ubiquitous as email addresses
“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…”
Prediction Not checkable as stated
Digital wallets will eventually hold stocks, bonds, and real estate
“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…”
Insight
Top VC funds could monetize future access rights via tokenization
“Well, all of a sudden, to raise a dollar of capital, somebody might pay a dollar 25, because not only are they putting the dollar into this current fund, they're also buying the access right to the next fund.
It actually would allow benchmark to raise more cap…”