Kevin Rose and the Crypto Downturn

This week on the Chain Reaction podcast, we talked through what an imminent "crypto winter," or downturn, could mean for both public and private companies after a period during which huge crypto funding rounds seemed to occur on a near-daily basis.

This week on Chain Reaction, we talked through what an impending "crypto winter" could mean for both public and private companies after a period during which huge crypto funding rounds seemed to occur on a near-daily basis.

We also covered the Terraform Labs fiasco, which saw UST, the algorithmic stablecoin that Terraform Labs operates, lose its peg to the U.S. dollar, sparking a downturn that put pressure on Bitcoin and ether. If you're still scratching your head over what happened, we took some time to break down what's actually going on behind the scenes with UST and why this emerging stablecoin is so important to the crypto ecosystem right now.

Our guest: Kevin Rose of Moonbirds

Who better to share words of wisdom for startups and investors facing off with a market rout than someone like Kevin Rose, an investor at True Ventures, who says this is his "10th or so" crypto downturn? Kevin also co-founded Proof Collective, a private community of NFT collectors, that launched the viral Moonbirds NFT project last month. He dished to us about the ethics of running a crypto project, why he took money from a traditional VC despite raising tens of millions just from the Moonbirds mint and his thoughts on charging people $40,000+ for a JPEG (the current price to snag a Moonbird).

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