Unpacking the Applications of Decentralized Social Networks w/ Will Papper and Ian Lee of Syndicate

TL;DR

Syndicate is a decentralized investing protocol and social network that aims to create a more equitable and participatory model for investing in web3.

Transcript

all right welcome back everybody another exciting episode on the docket here today for this mini series i've got ian and will with me we're both i should say all three of us are excited to really dive into these these concepts so before we kind of really dig into the meat of this i'd love if you guys could just give a quick background on both yours... Read More

Key Insights

• 🧔 Syndicate was born out of the belief in a more network native model for investing in web3.
• 🙃 The platform aims to make investing with friends and forming investing dows more accessible and cost-effective.
• 🙃 Governance plays a crucial role in dows, and Syndicate provides tools and guidance for setting up proper governance structures.

Questions & Answers

Q: How did Ian and Will get involved in the crypto space?

Ian started in crypto while working at Citigroup's venture capital arm, and Will began in 2013 through mesh networking research at the MIT Media Lab.

Q: What is the inspiration behind Syndicate?

Syndicate was inspired by the realization that a decentralized social network could revolutionize investing. The team believes in a more equitable and participatory model for investing in web3.

Q: How does the process of creating an investing dow work on Syndicate?

Syndicate provides user-friendly tools for creating investing dows. Users can easily set up a dow on the platform, invite friends, and handle the entire investing process, including tokens, NFTs, and equity agreements.

Q: How does governance play a role in Syndicate?

Syndicate offers governance tools for dows, allowing members to make investment decisions collectively. The approach to governance varies based on dow size, with smaller dows often using group chats, while larger dows may consider token voting and subcommittees.

Summary & Key Takeaways

• Ian and Will, co-founders of Syndicate, have backgrounds in the crypto space and decentralized networks.

• Syndicate was inspired by the potential of decentralized social networks and the need for a network native model for investing in web3.

• The platform aims to make investing in crypto assets and tokenization more accessible and democratic for everyone.