Variant Fund is a venture capital firm that describes itself as “a first-check crypto fund investing in the ownership economy.” Jesse Walden and Li Jin, co-founders and general partners at Variant, join Unchained to discuss the ownership economy, issues with web2 and web3, NFTs, the future of work, and more. Highlights:
- where Li and Jesse met and how their backgrounds as investors + founders led them to the crypto space
- how Li’s investing niche, which she describes as the passion economy, ended up intersecting with crypto
- why Li believes that web3 platforms will be better for creators than the current web2 ecosystem
- why Jesse was so inspired by Bitcoin after working in the music industry for so many years
- why Jesse believes that NFTs are the “port of entry” for the mainstream adoption of crypto
- what other use-cases exist for NFTs outside of the JPEG or PNG meme (and why Jesse is so excited about music NFTs)
- why Li believes that web3 tools can help fix the issues inherent to the “gig economy”
- Li and Jesse respond to criticisms of web3 coming from Jack Dorsey and Moxie Marlinspike
- how Variant Fund thinks about investing in crypto projects
- what token allocation Variant Fund targets when investing in crypto projects
- why mainstream platforms are experiencing backlash for integrating with NFTs and crypto
- what trends in NFTs, DAOs, and the ownership economy Jesse and Li think will pop in 2022
Become a Premium Bulletin Subscriber!
Become a premium subscriber to my Bulletin newsletter, and you’ll get access 🎟 to:
- 💬 a premium-only Discord group
- 🎙 premium-only interviews
- ❓the opportunity to ask questions
- ⚖️ the chance to weigh in on guests for Unchained
- and 🔮 whatever other future offerings we add to the mix
The special launch price until February 14 $2.99/mo or $29.99/year. Starting on February 15, the price increases to $4.99/mo or $49.99/year.
Get a Signed Book Plate!
Many of you have asked me how you can get a signed copy of the book. Here’s how:
- Pre-order the book, which you can do at bit.ly/cryptopians.
- Make a social media post about the book that includes the pre-order link, bit.ly/cryptoptians or to the book on any bookseller of your choice.
- Send a copy of your receipt to email@example.com with the subject line, “signed book plate.”
- In the email, include a pdf of your receipt + a screenshot of or a link to your social media post + the address to which you’d like me to send the book plate + the name of who you’d like me to dedicate the book plate to.
If you show a pre-order receipt that shows you bought more than one format of the book, such as an audiobook and a hardcover, you can get two signed book plates.
Finally, if you sign up for the Bulletin premium subscription plus do all the above to get a signed book plate, you’ll also receive a POAP.
Thank you to our sponsors!
Beefy Finance: https://beefy.finance
Alchemy Pay: https://alchemypay.org
- Twitter: https://twitter.com/ljin18
- Substack: https://li.substack.com/
- Li Jin on the creator economy
- The future of the creator economy
- What the creator economy is doing wrong
- How to fix the “gig” style economy for creators
- How the creator economy could power universal basic income
- What labor should look like in Web3
- Building the middle class of the creator economy
- Web3 is the “golden age” of content
- Transitioning to Web3 from a non-tech perspective
- Twitter: https://twitter.com/jessewldn
- Website (no blogs since 2020): https://jessewalden.com/
- Random Tweets
- Music NFTs x Sound XYZ
- Commoditizing a compliment
- NFTs make the internet ownable
- Product vs. Protocol
- Leadership in the ownership economy
- How DeFi crosses the chasm
- Crypto’s Business Model is Familiar. What Isn’t is Who Benefits
- Narrative Economics
- Progressive decentralization
- Layers of blockchain computing
- Variant Fund Twitter
- Variant Fund website
- Mirror Blog (Feb 2021 article on NFTs)
- Variant Fund + Atelier joining forces