Linda Xie (Scalar Capital) discusses scaling solutions and Ethereum's shift to Proof of Stake amid backlash over NFT environmental impact.
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“And then increasingly, we're also having more movement towards layer two, like protocols built on top of Ethereum, because people do want to be less energy intensive when it comes to verifying
Ownership on a blockchain.
So there's going to be less of that narrative, I think going forward.”
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More from Linda Xie
AssertionSupported
Xie: Players in the Philippines earn living wages playing blockchain games
“There's a DAO called Yield Guild Games that I've been participating and active in, and there have been people in the Philippines who have been earning a living wage playing.”
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Xie: Representing tickets and real estate as NFTs creates efficiency benefits
“And if we even talk about the more traditional stuff like NFTs representing tickets or financial assets or real estate, these are just more efficient ways of transferring and without having as many paperwork and middlemen involved. And so this is a net benefit…”
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Xie: Permissionless NFT composability contrasts sharply with traditional closed intermediary systems
“It's really powerful when you can plug these NFTs into all these different crypto protocols, because in a traditional system, these middlemen aren't plugging themselves into all these other companies and middlemen. You can kind of freely do whatever you want w…”
Linda XieApr 15, 2021▶ 12:48a16z Podcast with Linda Xie and Jesse Walden - All About NFTS (Capital Allocators, EP.189)
Insight
Xie: Fungible social tokens are not NFTs unless items are unique
“I don't necessarily think that social tokens themselves are NFTs because sometimes people are creating these tokens that they've minted like a million of them. But if the creator of this group is issuing individual badges or unique items within that, then that…”
Linda XieApr 15, 2021▶ 16:56a16z Podcast with Linda Xie and Jesse Walden - All About NFTS (Capital Allocators, EP.189)
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Xie: Crypto enables unprecedented models for owning moments and people's lives
“That's what I love about crypto. You can have these concepts that you never really would have thought about otherwise, about being to own moments and media and people's lives.”
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Insight
Xie: On-chain provenance creates digital status symbols for early NFT adopters
“And the fact that somebody had owned this so early on, it's almost become the status symbol where people want to demonstrate that they can prove their ownership Really early on in this space. And so that ownership history also really matters. Being able to dis…”
Linda XieApr 15, 2021▶ 25:02a16z Podcast with Linda Xie and Jesse Walden - All About NFTS (Capital Allocators, EP.189)
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