101 - The Ownership Economy | Li Jin

Li Jin is a co-founder and general partner at Variant, a crypto fund investing in Web3 and what Li calls the Ownership Economy. Li is full of massive ideas about the past, present, and future of digital economies.

The core thesis? Next-generation networks grow faster and bigger. The phase we're seeing emerge now with Web3 and crypto is deeply fascinating, with potential to shift power and ownership into the hands of users and creators.

In this new paradigm, everyone is a creator, and everyone is an owner. In addition to her work at Variant, Li is also a painter and an accomplished writer on Substack. After her appearance on the Creator Economy Panel, we knew she had to come back on Bankless to dive deep—this time, into the Ownership Economy.

------
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/debrief-the-ownership-economy-li

------
📣 ALTO IRA | THE CRYPTO RETIREMENT ACCOUNT
https://bankless.cc/AltoIRA

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------
BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI
https://bankless.cc/Polygon

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🦊 METAMASK | THE CRYPTO WALLET
https://bankless.cc/metamask

💳 LEDGER | THE CRYPTO LIFE CARD
https://bankless.cc/Ledger

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS
https://bankless.cc/Alchemix

🦄 UNISWAP | DECENTRALIZED FUNDING
https://bankless.cc/UniGrants

------
Topics Covered:

0:00 Intro
6:30 Creator vs Ownership Economy
12:58 Phases of Economies
17:34 The Web3 Renaissance
21:53 Issues with the Early Internet
27:11 Original Sin
35:11 From Attention to Ownership
38:48 Digital Scarcity
47:41 Patronage Plus vs Regulation
52:59 100 True Fans
1:01:17 Programmable Business Models
1:09:17 DAOs & Community Ownership
1:14:48 Comparing Renaissances
1:21:36 Wealth Inequality
1:29:58 What YOU Can Do
1:35:23 What ELSE You Can Do
1:38:54 2022 Predictions
1:42:35 Closing & Disclaimers

------
Resources:

Li on Twitter:
https://twitter.com/ljin18?s=20

Li's Newsletter:
https://li.substack.com/

The Web3 Renaissance:
https://li.substack.com/p/the-web3-renaissance-a-golden-age

100 True Fans:
https://li-jin.co/2020/02/19/100-true-fans/

The Creator Economy:
https://shows.banklesshq.com/p/-panel-the-creator-economy-jesse

Tweets Mentioned:
https://twitter.com/ljin18/status/1434964132042846208
https://twitter.com/ljin18/status/1422928459425271811
https://twitter.com/ljin18/status/1404650885788098562

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures