Long Take: User-Generated Finance and Cultural Financial Instruments, via Snoop Dogg, Dapper Labs, and $1.5B Decentralized Social

Gm Fintech Architects —

Reminder — we are moving the deeper analysis to Wednesday (i.e., today!). This is the last week it is open to everyone. Thereafter, the Long Take will be a premium offering.

• Summary: The structure of capital markets precedes the innovations that come from it. High frequency trading, passive ETF investing, SPACs, and crypto assets all telegraphed their value proposition before becoming large and meaningful in scale. We are now seeing a new market shape emerge, one that starts with community and builds up into financial instruments that are cultural and social. This analysis looks at the most recent developments in the overlap between decentralized social and cultural work and related financial features.

• Topics: capital markets, NFTs, Metaverse, identity, community, marketing, social media

• Tags: Snoop Dogg, Gordon Gekko, Flashbots, Chromie Squiggle, Crypto Punks, Legg Mason, TikTok, Sorare, Palm NFT Studio, Dapper Labs, Friends with Benefits, Lil Miquela, BitClout, …