On at the moment’s episode, I sit down with Lex Sokolin, CMO, Chief Economist, and World Fintech Co-Head at ConsenSys, the world’s main ethereum software program firm. Lex additionally writes the Fintech Blueprint, an incredible fintech subscription e-newsletter (that additionally comes with the occasional podcast).
Lex labored in technique at Lehman Brothers earlier than getting a JD/MBA from Columbia. At Columbia he based NestEgg, a personal label robo, later promoting it to Advisor Engine, then labored in analysis at Autonomous Research earlier than taking the plunge full-time into crypto.
Lex is a fintech and know-how futurist in each sense of the phrase, at all times writing on the intersection of finance, tech, legislation, philosophy, economics, and sociology. We’re an enormous fan of his work right here at Wharton Fintech!
Listed here are just a few enjoyable snippets…
On the current rise of crypto artwork, NFTs,
“Everybody wants to know that we’re getting into a distinct world…Life is a circus and nothing issues. We work severe jobs at severe firms that run on severe accounting software program, however Mr. Beast is the preferred individual on this planet and he’s a Youtuber…the economies of digital worlds are throwing off billions in income, and esports is extra fashionable than actual sports activities.”
“If an artist spends without end making one thing with bodily paint, it’s value hundreds of thousands. But when he sepnds that very same time doing it on Microsoft Paint, it’s abruptly nugatory. Why? Bodily paint is only a know-how.”
I additionally chime in right here with the parallelism of The Crypto Artwork Craze and Duchamp’s Fountain, and why my technology is having a little bit of its personal dada motion.
Why he’s bored with neobanks and robos:
“It’s deeply uninteresting that some characteristic hack is touted in the way forward for finance. And when that characteristic hack generates 1–5M customers, the playbook is we’re gonna make Citi Group from the 80’s however 40 years later and digital…it’s cool to point out on a slide, however the second you invoke the fintech bundle its deeply boring.”
On one of many explanation why he’s moved on from neo and robo work:
“Google Pay goes to kill all of you, The Finish…So what are the platform shifts that matter? I needed to spend time on AI, blockchain, and different components of the worth chain.”
In at the moment’s episode, we focus on:
- The deep meanings behind his profession determination making, breaking from gold-star chasing to startups and now frontier know-how
- Why we each assume Duchamp’s Fountain can educate us about NFT’s
- How a dialog with a Deloitte exec turned him right into a budding futurist
- What ConsenSys is and the way it works with the crypto ecosystem
- His predictions for Defi and the highway to mass adoption
- His excessive boredom with robo advisors and neobanks, and why he’s so bored with “the fintech bundle”
- Why Google Pay goes to kill many fintechs
Lex is fascinating in at the moment’s episode. It’s a kind of episodes that I want lasted for hours, and I may get in a number of rounds of questions.
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Ryan Zauk is an MBA Candidate at The Wharton College, the place he runs the Wharton FinTech Podcast. He presently works with the US International Development Finance Corp know-how influence investments in creating markets. He has a ardour for music, media, and all issues FinTech.