Our guest this week is the managing partner of a registered investment adviser, nothing in this podcast is an investment, tax, legal, or other financial advice.

We start with a detailed discussion about how Multicoin thinks about the Market structure, network effects, and virality in the formation of their Web3 theses.

Kyle also explains how he thinks about token designs for dapps, his thesis on the intersection of AI X Crypto, and why he is excited about FileCoin.

We also did a thought experiment on value accrual between L2 and Ethereum and dynamics with the introduction of re-staking (via Eigenlayer).