Episode 81 of Season 5 of The Scoop was recorded with The Block's Frank Chaparro, Variant co-founder Li Jin, and Aave & Lens creator Stani Kulechov.
Li Jin is the co-founder and a general partner at the VC firm Variant and has written extensively about the benefits of web3 social platforms for creators. Stani Kulechov is the creator of Aave (one of the largest decentralized finance protocols) and has been key to the development of the web3 social network platform, Lens Protocol.
In this episode, Li and Kulechov examine the problems with the existing social media landscape and explain the opportunities that exist for new web3 social media attempts such as Lens Protocol.
As Jin explains, one of the key benefits of web3 social is that "every element of the business model is totally in the creator's control."
© 2023 The Block. 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.