<p><span style="font-size: 12pt;"><i style="font-size: 12pt;">Episode 102</i><b style="font-size: 12pt;"><i> </i></b><i>of Season 4 of The Scoop was recorded at Messari Mainnet 2022 with <strong>The Block's Frank Chaparro and North Island Ventures Managing Partner Travis Scher.</strong></i></span></p> <p><span style="font-size: 12pt;"><i>Listen below, and subscribe to The Scoop on </i><a href="https://podcasts.apple.com/us/podcast/the-scoop/id1460134454"><i>Apple</i></a><i>, </i><a href="https://open.spotify.com/show/7qwrgTJ5CYDXAaVILNZuEd"><i>Spotify</i></a><i>, </i><a href="https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vdGhlYmxvY2stdGhlc2Nvb3A?sa=X&amp;ved=0CAMQ4aUDahcKEwionbSO9fbxAhUAAAAAHQAAAAAQAg"><i>Google Podcasts</i></a><i>, </i><a href="https://www.stitcher.com/podcast/the-block-2/the-scoop-4"><i>Stitcher,</i></a><i> or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com.</i></span></p> <p><iframe frameborder="0" height="200" src="https://playlist.megaphone.fm?e=BLOCK9441527623" width="100%"></iframe></p> <hr /> <p><span style="font-weight: 400;">In September, North Island Ventures </span><a href="https://www.theblock.co/post/169738/north-island-ventures-launches-125-million-investment-fund"><span style="font-weight: 400;">launched</span></a><span style="font-weight: 400;"> a new $125 million fund to invest in emerging crypto and Web3 companies.</span></p> <p><span style="font-weight: 400;">In this episode of The Scoop, North Island Ventures Managing Partner Travis Scher unpacks the thesis behind the new fund and explains his firm’s vision for how the crypto industry will evolve over the next couple of decades.</span></p> <p><span style="font-weight: 400;">According to Scher, the tribalism that currently pits enthusiasts of competing blockchains against each other will fade over time:</span></p> <blockquote> <p><span style="font-weight: 400;">“I do not think there will be one blockchain to rule them all. I think that when we look back in ten years, we will think that the tribal battles among branded blockchains that we see playing out at conferences like this were really quite silly.”</span></p> </blockquote> <p><span style="font-weight: 400;">One corner of the market North Island is focusing on in particular is the </span><a href="https://www.theblock.co/post/175169/north-island-backing-cosmos-after-closing-second-125-million-fund"><span style="font-weight: 400;">Cosmos ecosystem</span></a><span style="font-weight: 400;">, as Cosmos’ interoperable network of blockchains aligns with North Island’s long-term view of the crypto market.</span></p> <p><span style="font-weight: 400;">As Scher explains, North Island envisions crypto evolving into a seamless network of blockchains:</span></p> <blockquote> <p><span style="font-weight: 400;">“When we set our thesis in 2020, we said, ‘We believe, in its end state, crypto is an interoperable network of networks that facilitates the seamless exchange of value and data all across the world.”</span></p> </blockquote> <p><i><span style="font-weight: 400;">During this episode, Chaparro and Scher also discuss:</span></i></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Why DeFi and NFTs still have plenty room to mature</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">What red flags to look for in founders as a VC</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">How VCs can best support their portfolio companies</span></li> </ul> <hr /> <p><b>This episode is brought to you by our sponsors <a href="https://trondao.org/"><em>Tron</em></a>, <em><a href="https://www.ledn.io/">Ledn</a><br /> </em></b></p> <p><strong>About Tron<br /> </strong><b></b><em>TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by <a href="https://www.hejustinsun.com/">H.E. Justin Sun</a>, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of <a href="https://www.bittorrent.com/">BitTorrent</a>, a pioneer in decentralized web3 services boasting over 100 million monthly active users. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. | <a href="https://trondao.org/hackathon/">TRONDAO</a> | <a href="https://twitter.com/trondao">Twitter</a> | <a href="http://discord.gg/tron">Discord</a> |<br /> <br /> </em><strong>About Ledn<br /> </strong><span style="font-size: 12pt; font-family: georgia, palatino, serif;"><em>Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit <a href="https://www.ledn.io/">Ledn.io</a></em></span><strong><br /> </strong></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>