Nick Tomaino, general partner of 1confirmation, discusses his firm’s recently announced third fund of $125 million and gives his perspective on many hot crypto topics, such as NFTs, Layer 2 solutions, Polkadot, DAOs, and more. Show highlights: <ul> <li style="font-weight: 400;" aria-level="1">why Nick became interested in crypto and his background</li> <li style="font-weight: 400;" aria-level="1">what drives 1confirmation’s investment thesis</li> <li style="font-weight: 400;" aria-level="1">why he Nick believes NFTs have taken off in popularity this year</li> <li style="font-weight: 400;" aria-level="1">why NFTs are currently in a bubble</li> <li style="font-weight: 400;" aria-level="1">what we might do with NFTs in the future</li> <li style="font-weight: 400;" aria-level="1">how competition between different NFT marketplaces will shake out</li> <li style="font-weight: 400;" aria-level="1">how music NFTs could work</li> <li style="font-weight: 400;" aria-level="1">the feasibility of charging royalties in the secondary sale of NFTs</li> <li style="font-weight: 400;" aria-level="1">why environmental concerns over crypto mining to only be a short-term issue</li> <li style="font-weight: 400;" aria-level="1">why Nick is not an Ethereum maxi and how he feels about the fragmentation of Layer 2 solutions on ETH</li> <li style="font-weight: 400;" aria-level="1">why Polkadot is such an exciting project</li> <li style="font-weight: 400;" aria-level="1">whether, as an early Coinbase employee, he would say the fat protocols thesis is true</li> <li style="font-weight: 400;" aria-level="1">what new trend Nick is keeping an eye on for 2021 and beyond</li> </ul> Thank you to our sponsors! E&Y: <a href= "https://ey.com/globalblockchainsummit">https://ey.com/globalblockchainsummit</a>  <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2">https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2</a>  Tezos: <a href= "https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero"> https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero</a>    Episode Links   Nick Tomaino   Twitter handle: <a href= "https://twitter.com/NTmoney">https://twitter.com/NTmoney</a>  Recommended Content: <ul> <li style="font-weight: 400;" aria-level="1">Writing</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">Introducing 1confirmation Fund 3</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://thecontrol.co/1confirmation-fund-iii-4633d18273e"> https://thecontrol.co/1confirmation-fund-iii-4633d18273e</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">NFTs + Mimetic Desire</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://thecontrol.co/stories-scarcity-and-mimetic-desire-c4a344fa74e1"> https://thecontrol.co/stories-scarcity-and-mimetic-desire-c4a344fa74e1</a> </li> </ul> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Twitter Threads</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">Has crypto “earned it?” </li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/NTmoney/status/1391782884202061824"> https://twitter.com/NTmoney/status/1391782884202061824</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">Ethereum + decentralized identity</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/NTmoney/status/1389608747924742157"> https://twitter.com/NTmoney/status/1389608747924742157</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">WSB optimism</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/NTmoney/status/1356036385287720960"> https://twitter.com/NTmoney/status/1356036385287720960</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">The crypto perfect storm</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/NTmoney/status/1352301464060760064"> https://twitter.com/NTmoney/status/1352301464060760064</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="2">His journey from Coinbase to 1confirmation </li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://twitter.com/NTmoney/status/1353405899990155264"> https://twitter.com/NTmoney/status/1353405899990155264</a> </li> </ul> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Guest Appearances/Quotes</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2">“Digital art has a chance to exceed $3 trillion in total value and flip traditional art”</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://fortune.com/2021/03/30/nft-crypto-superrare-art-market/"> https://fortune.com/2021/03/30/nft-crypto-superrare-art-market/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">“It's not going to look the same as the crypto booms and busts, but there are going to be a lot of these sales that maybe don't have buyers in the future”</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://cheddar.com/media/nfts-facing-bubble-but-crypto-art-platforms-see-long-term"> https://cheddar.com/media/nfts-facing-bubble-but-crypto-art-platforms-see-long-term</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="2">“It's clear we're in some type of NFT bubble”</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="3"><a href= "https://www.nytimes.com/2021/04/25/technology/cryptocurrency-mainstream.html"> https://www.nytimes.com/2021/04/25/technology/cryptocurrency-mainstream.html</a> </li> </ul> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Old Unchained Appearances</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/nick-tomaino-on-why-he-is-skeptical-libra-will-be-significant/"> https://unchainedpodcast.com/nick-tomaino-on-why-he-is-skeptical-libra-will-be-significant/</a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/icos-why-people-are-investing-in-this-380-million-phenomenon/"> https://unchainedpodcast.com/icos-why-people-are-investing-in-this-380-million-phenomenon/</a> </li> </ul> </li> </ul>   1confirmation   Basics <ul> <li style="font-weight: 400;" aria-level="1">Website/Portfolio</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.1confirmation.com/portfolio">https://www.1confirmation.com/portfolio</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Twitter</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://twitter.com/1confirmation">https://twitter.com/1confirmation</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Recently announced fund</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://thecontrol.co/1confirmation-fund-iii-4633d18273e"> https://thecontrol.co/1confirmation-fund-iii-4633d18273e</a> </li> </ul> </li> </ul>   Recently, 1confirmation has funded... <ul> <li style="font-weight: 400;" aria-level="1"> Notional Finance</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.coindesk.com/notional-raises-10m-to-grow-defi-lending-protocol-with-real-world-potential"> https://www.coindesk.com/notional-raises-10m-to-grow-defi-lending-protocol-with-real-world-potential</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">SuperRare series A</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://decrypt.co/63295/nft-marketplace-superrare-9m-funding-mark-cuban"> https://decrypt.co/63295/nft-marketplace-superrare-9m-funding-mark-cuban</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Nexus Mutual</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://decrypt.co/57844/vc-firms-invest-2-7-million-in-defi-insurer-nexus-mutual"> https://decrypt.co/57844/vc-firms-invest-2-7-million-in-defi-insurer-nexus-mutual</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">dYdX series B</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://integral.dydx.exchange/dydx-closes-10m-series-b-investment/"> https://integral.dydx.exchange/dydx-closes-10m-series-b-investment/</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Acala</li> <li style="list-style: none; display: inline"> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.theblockcrypto.com/linked/76313/polkadot-based-defi-project-acala-raises-7-million-saft"> https://www.theblockcrypto.com/linked/76313/polkadot-based-defi-project-acala-raises-7-million-saft</a> </li> </ul> </li> </ul>   Miscellaneous <ul> <li style="font-weight: 400;" aria-level="1">Meebits <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://meebits.larvalabs.com/">https://meebits.larvalabs.com/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Polkadot governance <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://polkadot.network/polkadot-governance/">https://polkadot.network/polkadot-governance/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Unchained podcast discussing the petrodollar <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://unchainedpodcast.com/bitcoin-vs-the-petrodollar-which-is-more-environmentally-friendly/"> https://unchainedpodcast.com/bitcoin-vs-the-petrodollar-which-is-more-environmentally-friendly/</a></li> </ul> </li> <li style="font-weight: 400;" aria-level="1">Fat Thesis <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.usv.com/writing/2016/08/fat-protocols/">https://www.usv.com/writing/2016/08/fat-protocols/</a> </li> </ul> </li> <li style="font-weight: 400;" aria-level="1">ZED Run <ul> <li style="font-weight: 400;" aria-level="1"><a href= "https://zed.run/">https://zed.run/</a></li> </ul> </li> </ul>

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Nick Tomaino on 1confirmation's $125 Million Fund and What Future NFTs Will Look Like - Ep.242

Laura Shin