This Week in Startups

Armstrong & Tether skip crypto hearings, Adele’s NFT resale solution + Startup Checklist E10 | E1342

Dec 10, 2021
Explore the intriguing dynamics of the crypto world as key figures like Brian Armstrong skip crucial hearings, sparking debates on regulatory clarity. Dive into Adele's innovative NFT solution to combat ticket scalping, aiming for fair access to concerts. Plus, discover ten crucial tips for startup founders from lean management practices to ensuring constant product engagement. Emphasizing structured communication and accountability could transform team dynamics and drive success!
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ADVICE

Regulating Stablecoins

  • Treat stablecoin issuers like banks, requiring insured deposits due to their currency-like function.
  • This approach would mitigate the risks associated with these "new currencies."
ADVICE

Tiered Crypto Regulation

  • Implement tiered regulation for crypto projects based on market cap, allowing for innovation while managing risk.
  • Smaller projects face less red tape, while larger ones require licenses, audits, and greater accountability.
ANECDOTE

NFTs for Concert Tickets

  • Jason Calacanis suggests using NFTs as concert tickets with limited resale value to combat scalping.
  • This smart contract approach would allow artists like Adele to control resales and potentially donate proceeds to charity.
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