Agency and Ownership It is often discussed in the field of education as an important aspect of learning for students to embody. as a result, entrepreneur program It is on the rise to revitalize the mindset many believe is necessary to succeed in a world of accelerating possibilities.
Many millennials grew up in an era where if you do what you love, the money will come. Marcia SinetarHowever, recently new york times
new york times
Rather than accept the real-world investment strategy of volatile stock markets and high real estate costs, some are looking to the virtual world as the most promising avenue for growth. Due to uncertainties in crypto-related markets, the idea of ownership seems more achievable in the new global economy of virtual transactions, from non-fungible tokens (NFTs) to other subscriber-based possibilities. increase.
As millennials take ownership of learning in their post-school lives, they are turning to entrepreneurs in the digital space who can provide answers to an uncertain economic future. Julian Rodriguez is one of those millennials with a background in cryptocurrency markets. ethereum
business wire forecasts that the global NFT market size will reach $97.6 billion by 2028, with a market growth rate of over 30%. Rodriguez is betting on growth metrics as a real option for young investors looking to transform their financial landscape through digitally sensible ownership options for young investors.with initials $4 million seed round For Momento NFT, led by Cadenza Capital Management and others, Rodriguez has raised a total of $6 million in funding to date and is set to revolutionize the way the world thinks about digital ownership.
This reporter interviewed Julian Rodriguez for his take on the journey to Momento NFT and the changing mindsets and perspectives of the younger generation. Few people rode the early crypto wave into its current form like Rodriguez. A new world is emerging where physical reality is being replaced by virtual, and vehicles need to be driven by people with a wealth of background and experience like Rodriguez.
Rod Berger: Describe your early days and how your career experience changed your mindset about engaging in Momento NFT’s social media platform-based model.
Julian Rodriguez: The story encapsulates the beginning of the cipher. In 2013, I met Ethereum co-founder and creator Vitalik Buterin and ended up working with him. Bitcoin
I was in all that buzz, being one of the first application-specific integrated circuit (ASIC) miners in box number 68, but at the time I didn’t have the foresight to buy more than one. [laugh].
In 2014, Vitalik attended a conference in Miami to unveil his Ethereum project to the world. The first of his 20 co-founders was announced there. He called me during the movie moment on Facebook and said, “Hey Julian, you should be here.” Unfortunately, I wasn’t ready to move from New York to Miami.
The virtual currency apocalypse soon struck and the Bitcoin Center in New York was shut down. Man, it was lights out. Everyone scrambled and Vitalik left the US to focus on Europe.
To understand how people are scaling companies and building sustainable technologies, I turned to Silicon Valley. Then, in 2016, he launched his first venture-backed startup that had nothing to do with cryptocurrencies. Instead, it was a B2B wholesale marketplace that made me a better entrepreneur.
After hearing people like Gary Vaynerchuk (GaryVee) and Mark Cuban predict the crypto market by 2020, and seeing TikTok explode and people spending more time online. , it was clear that it was the right time to restart it. I’m probably one of the few who have seen the ups and downs of all cryptocurrencies, why they work and why they don’t, and how markets are shaped. Momento NFT was formed because I knew I needed to bring in my former roommate at Fordham University, Sudesh Banskota, as a partner.
Burger: Why Moments? What were the differentiators when you decided to launch the NFT social platform?
Rodriguez: All roads lead to Vitalek, right? He believed that the next phase of Ethereum would be social, but it never took off. There should have been a social program for Ethereum. Instead, there was a hyper-tech project that had nothing to do with what people wanted to do with his social media. A lot of it is waiting for the blockchain to hit the right point. No social media platform could scale on top of Ethereum.
And in 2020, we have a lot of blockchains. At least 1000 blockchains that promise the scale and speed you need. If there is interest, people will try to find a solution. Everyone was talking and thinking about cryptocurrency in his 2020, but I knew the timing was finally right because there was momentum to influence people to make it happen. rice field.
understand the model
Burger: How do we make sense of Momento’s success now? How many people are actively using the platform today?
Rodriguez: It currently has 55,000 users and is growing rapidly. His Web3 isn’t the only focus on his approach to growth. He works with Web2 (now) influencers and the creator economy, celebrities and athletes to onboard his active Web2 audience and showcase their toolset through Web3.
It’s digital ownership, a royalty in owning and trading someone else’s content. Utilities with NFTs unlock tickets, live stream events, or some limited edition merchandise. There are many ways for these influencers and celebrities to monetize their high-profile digital content, inspire them, and connect with their communities. There’s a payment rail behind it, and he’s packed it all into one convenient package.
Burger: Talk about a celebrity angle. I assume you have a contract with the NBA, right?
Rodriguez: NBA Top Shots from Dapper Labs (an NFT marketplace where sports fans can buy and sell basketball video clips) does all the on-court content, and we’re an off-court-focused split. These athletes know their worth and the social currency their content generates.
For example, LeBron James off the court, taco TuesdayA funny short video went viral and he continues to follow up on the subject. Those are intimate moments between him and some of his teammates and other All-Stars. The monetary numbers far outweigh the number of dunks and jump shots he unleashes. So we go in that direction. I don’t have an infinite budget, but I know you’re interested.
Our business is really an 80/20 split. 80% of his users are people creating their own personal brands, and 20% are athletes and top celebrities.
Burger: From the current Web2 to Web3 and beyond, where is this transformation going? Where is it moving as a whole in your opinion?
Rodriguez: I have a lot of opinions about where we are going as a civilization. It will become a world where there is essentially no distinction between digital space and physical space. Most of these Generation Alpha children are born into a reality where the physical world really bothers them.
They will get annoyed with the sun and wonder why the trees move so much. “Where’s the reset button,” they might say. Something happens when you get exposed to technology at a very young age. You begin to realize that another person has built a machine with a set of pre-determined rules for how it works. So you tend to make sense of it or anticipate the breadth of what humans can do. You know machines can do some things. The rest is whether or not the machine is faster than you.
Humans have never interacted with such things in any civilization. So we see a big difference in how fast we move and what we build.
Zuckerberg is pouring $10 billion into a new generation of virtual reality (VR) that is actually mixed reality (MR) and augmented reality (AR).
But Zuckerberg knew he had to make it in a VR game. People don’t do it because it’s intellectually stimulating.
Burger: How will these innovations change the way individuals interact with each other financially and the speed of transactions?
Rodriguez: The question is where crypto and Web3 end up in this scenario. You’ll see people getting paid by the second. Individuals will consistently perceive the “value” they get second by second from what you do.
The balance will change, but this is not dictated by the central bank. it’s yours I have a private key in my virtual wallet.
Psychological changes occur. What do people do when they realize they only need to make a deal with another human being to receive an immediate transfer of value? will never be obtained. So people are trying to do more. They’ll put themselves in a position to say, “I can give you this now, or I can make one for you now. Scan China and send payment.” This is a level of human incentive never seen before.
Julian Rodriguez is not only the creator and visionary of the emerging web space that brings us social media platforms powered by NFTs and personal ownership, but that visionary gear continues to drive. It has a charming and energetic spirit that seems to move without a hitch.
As the world of blockchain and cryptocurrency unravels the kinks in the world of finance, visionaries like Rodriguez are adapting innovations that transform the physical and virtual realms of our collective existence. It’s not an easy feat, but an intellect like Rodriquez shows up in the challenge.
Interviews have been edited and condensed for clarity.