This week, Joe Petrowski (Technical Integrations Lead, Web3 Foundation) is joined by Jamie Burke, CEO, and founder of Outlier Ventures, an accelerator that supports the development and growth of emerging technologies, including Polkadot. They are currently running a Polkadot accelerator through their Base Camp program.
Burke describes what he set out to achieve by founding Outlier Ventures in the context of the current internet where platforms are vulnerable to state capture and coercion and are biased against users. With these flaws in mind, the pair discuss the optimal Web3 tech stack with ‘sovereignty first’ as a core design principle and building a permissionless financial system in the context of the Metaverse.
The conversation moves on to the Metaverse as a framework for the direction of Web3 where value and identity are transferred and owned by the user. They discuss how to navigate this realm in terms of technology, finance, and culture, and how this aggregate economy would enable a more open metaverse across lots of different use cases, from music to gaming, the creator economy, and more.
Age of Surveillance Capitalism, Shoshana Zuboff
The Master Switch, Tim Wuh
The Sovereign Individual: Mastering the Transition to the Information Age (1997, with James Dale Davidson)
00:57 Introduction to Outlier Ventures
07:00 User-centricity in Web3 and the Metaverse
11:55 Use cases of NFTs encourage blockchain adoption
18:00 Creating a Web3 Stack to enable a more open Metaverse
21:05 The success of NFTs in the gaming industry
28:40 Integrating into a digital economy to be part of the Metaverse
33:50 Introducing digital scarcity to digital assets = enabling property rights
38:10 Reworking economics primitives
41:25 Free markets, the sovereign individual and fluidity collectors
51:40 Commodification and financialization of data with blockchain technology
54:30 Data unions to empower individuals on Polkadot and Kusama
56:28 How can the Metaverse compete with physical nation-states?
1:05:00 Web3 stack for a better Metaverse user experience
1:10:00 Outlier Ventures support for the Polkadot ecosystem