Source: news.google.com
Pick your poison, but 2022 wasn’t a great year for digital assets.
This week on the BetaKit Podcast we talk about cryptocurrencies. Or NFTs? The blockchain? Web3? Maybe just digital assets?
Pick your poison, but 2022 wasn’t a great year for any of the terms or technologies I just mentioned (for more, check out our 2022 review episode). What used to be up and to the right is just down, down, down (with one exception we noted in the pod).
“When you have a wash like we just had, you’re really left with a core core value, and that’s what people are building on now.”
–Satraj Bambra
And that momentum has already carried over into the new year. Crypto.com, Coinbase, and blockchain.com have just announced major staff cuts. Coinsquare just backed out of its CoinSmart acquisition deal (to possibly merge with WonderFi; we’ll keep an eye on that story).
And then there’s the standard clownshow mix typical of this space. Like the Logan Paul CryptoZoo mess, and then whatever Sam Bankman-Fried, the founder and CEO of FTX totally under arrest, is doing on his Substack(?).
I could go on and on, but suffice it to say that we thought the new year would be a great time to revisit the Web3 vibe. And because Rob and I are noted bears, we’ve brought in an optimist: Satraj Bambra, a partner at Round13’s Digital Asset Fund.
Bambra isn’t here to defend an industry (or the behavior of those in it), but he does provide plenty of context and perspective on a variety of topics. For example, why the recent Web3 washout is good for the long-term health of the space, why you actually prefer to focus on digital assets rather than tags like Web3, Web5, WebWhatever, and how the metaverse might look like in the app. final for digital assets (as revealed to us via Roblox).
Perhaps most importantly, it also talks about what it is about this space that seems so appealing to the current generation of engineers; in short, the opportunity to add new layers to the Internet.
So buckle up, this one is all over the place in a way only the BetaKit Podcast can be. Let’s dig in.
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The BetaKit podcast is hosted by Douglas Soltys and Rob Kenedi. Edited by Kattie Lauren. Sponsored by AWS.
Featured image courtesy of NFT News.
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