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Coil/Imgur, Stellar/Keybase, EOS VC/Mythical Games, and (sigh) Tron/BitTorrent are all examples of an emerging concept I call the “network capitalist”. These are cryptonetworks that use their balance sheets to buy stakes in tech cos, thereby getting them onto their platform.
These deals are a hybrid between VC and platform evangelism. The cryptonetwork has money but wants users, so they do a deal with a property which has users but wants money. In theory, both parties get ROI from appreciation of the underlying coin — if use picks up.
There are a lot of these deals in the pipeline. We’ll see if they work. It’s part of the general trend in which crypto is evolving in the opposite direction from social. Social gained users first, monetization second. Crypto is the reverse.
