This Week in Startups: NFT NYC, Solend takeover, Why Non-Finance use cases are the key to Crypto, Magic Eden & more with Vinny Lingham | E1489

There’s been some crazy news in Crypto, so we bring on Vinny Lingham, an early investor in Solana, who runs a startup that encrypts identity information on the blockchain called Civic. We dig into NFT NYC (8:24), the fiasco on Solend protocol (22:29), and how South Korean prosecutors have instituted a flight ban for employees while they investigate the $40 billion collapse (45:54). Finally, we talk about how, despite all of this, the Solana NFT Marketplace Magic Eden still raised $130 million at a $1.6 billion valuation  (51:04). 

(0:00) Jason and Molly introduce today’s show!

(2:18) Weekend banter with Jason and Molly

(8:24) Crypto Update: Solana Whale, NFT NYC, and Magic Eden w/ Vinny Lingham

(13:58) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(15:13) The crypto drawdown: Vinny’s thoughts

(21:21) Notion - Get started for free at https://notion.com/thisweekinstartups

(22:29) DeFi protocol built on Solana, called Solend, voted to take over a “whale” account on Sunday, which accounts for ~95% of the platform’s total deposits

(35:29) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist

(36:34) Should humans be able to intervene on crypto systems?

(45:54) South Korean prosecutors have BANNED Terraform Labs employees from leaving the country with a flight ban

(51:04) Solana-based NFT marketplace Magic Eden has raised a $130M Series B at a $1.6B valuation

(1:18:55) Outro: stories coming up this week