episode 16 16 Season 4 of The Scoop was recorded remotely with Frank Chaparro of The Block and Kyle Samani, founder and managing partner of Multicoin Capital.
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Kyle Samani, co-founder and managing partner of Multicoin Capital, is an early investor in both. Solana And FTX is turning his attention to the NFT space today.
In this episode of Scoop, Samani shared his strategy and investment dissertation on where NFTs will go in the coming months. Samani believes that NFTs will evolve from the almost static jpeg of its current form and become more dynamic, just as web pages have evolved since the dawn of the Internet.
“So far, NFTs don’t have many interrelated’national fragments’,” he said. “We have this vaguely with the idea that there are 10,000 apes in the collection, but beyond the fact that they all have a” ape tag “, they aren’t really related to each other. “
As an example, Samani used Beeple’s 5000 days, a collection of 5,000 small NFTs on a 2×2 grid.
“”[MetaKovan] The person who bought it should introduce some kind of game and say, “If you can assemble 9 out of 5,000 into a square, you’ll unlock something.” Now we can start to say that these NFTs are interrelated in some unique way. “
Another way Samani thinks the NFT ecosystem is evolving is with the introduction of NFTs that change over time. “Today, NFTs are untouched. In physical art, transportation costs are high and there is a risk of damage to things. You can imagine NFTs that actually deteriorate over time or deteriorate at the time of transaction. increase.”
Samani sees a lot of innovation potential in the NFT design space, but he believes that multicoin capital is “unlikely” to hold a 1% position in NFT. Instead of buying NFTs directly, Multicoin Capital is investing in the underlying technology.
“There are three main layers in the stack, and we are investing in two of them,” Kyle said. These two layers are the “primitive or infrastructure layer” and the second is directly on the NFT exchange or marketplace. Third-tier, full ownership of NFTs, Samani does not currently believe that Multicoin Capital is viable enough to make a large investment.
In this episode, Chaparro and Samani also discuss the following:
- Breakdown of specific investments in multicoin capital in NFT infrastructure
- “Infinite Scalability” of Internet and Web3 Ratings
- 2022 Samani Forecast Including Cryptographic Social Media
© 2022 The Block Crypto, Inc. all rights reserved. This article is provided for informational purposes only. It is not intended to be provided or used as legal, tax, investment, financial, or other advice.
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