Why VC is Dumb Money, OpenSea Token, and The NFT Comeback | Nick Tomaino

In today's episode, Nick Tomaino, GP of 1confirmation, joins Santiago and Jason. They dive into why the Next Gen L1 Thesis is wrong, Opensea token launch, VC issues, and his thesis for NFTs moving forward. - - Follow Nick Tomaino: https://twitter.com/NTmoney Follow Jason: https://twitter.com/JasonYanowitz Follow Santiago: https://twitter.com/santiagoroel Follow Empire: https://twitter.com/theempirepod Subscribe on YouTube: https://tinyurl.com/4fdhhb2j Subscribe on Apple: https://tinyurl.com/mv4frfv7 Subscribe on Spotify: https://tinyurl.com/wbaypprw Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - This episode is brought to you by Carbon. Carbon is a new DEX on Ethereum that makes concentrated liquidity easy. LPs can automate their liquidity strategy with custom on-chain limit and range orders: all from a beautiful UI. Check out Carbon today at https://www.carbondefi.xyz/. - - Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 - - Timestamps: (00:00) Why Crypto VC is Dumb Money (08:06) Narrative Investing (17:48) The Key to VC Success (23:10) Bull Case for Prediction Markets (31:40) Carbon Ad (32:59) Permissionless (34:24) The NFT Thesis (44:19) NTS & RWAs (49:02) NFT Fractionalization (54:52) The Future of Open Sea (01:00:04) Coinbase and Wallstreet (01:04:15) Timeline for Mainstream Adoption (01:12:25) 2024 US Election Outlook - - Resources Polymarket https://polymarket.com/ https://twitter.com/Polymarket The Scapegoat by Rene Girard https://www.amazon.com/Scapegoat-Ren - - Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.