Nick Tomaino on 1confirmation's $125 Million Fund and What Future NFTs Will Look Like - Ep.242
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:
- why Nick became interested in crypto and his background
- what drives 1confirmation’s investment thesis
- why he Nick believes NFTs have taken off in popularity this year
- why NFTs are currently in a bubble
- what we might do with NFTs in the future
- how competition between different NFT marketplaces will shake out
- how music NFTs could work
- the feasibility of charging royalties in the secondary sale of NFTs
- why environmental concerns over crypto mining to only be a short-term issue
- why Nick is not an Ethereum maxi and how he feels about the fragmentation of Layer 2 solutions on ETH
- why Polkadot is such an exciting project
- whether, as an early Coinbase employee, he would say the fat protocols thesis is true
- what new trend Nick is keeping an eye on for 2021 and beyond
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Episode Links
Nick Tomaino
Twitter handle: https://twitter.com/NTmoney
Recommended Content:
- Writing
-
- Introducing 1confirmation Fund 3
- NFTs + Mimetic Desire
- Twitter Threads
-
- Has crypto “earned it?”
- Ethereum + decentralized identity
- WSB optimism
- The crypto perfect storm
- His journey from Coinbase to 1confirmation
- Guest Appearances/Quotes
-
- “Digital art has a chance to exceed $3 trillion in total value and flip traditional art”
- “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”
- “It's clear we're in some type of NFT bubble”
- Old Unchained Appearances
1confirmation
Basics
- Website/Portfolio
- Recently announced fund
Recently, 1confirmation has funded...
- Notional Finance
- SuperRare series A
- Nexus Mutual
- dYdX series B
- Acala
Miscellaneous
- Meebits
- Polkadot governance
- Unchained podcast discussing the petrodollar
- Fat Thesis
- ZED Run
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