Technology and regulatory changes are both making investing more accessible.
At the same time, we're seeing a massive shift in the cultural mindset from "renting" time to thinking like an equity holder.
Thread 👇
1/ Until the past few years, you had to make over $200K a year or have a net worth over $1M to make angel investments. The rules were incredibly restrictive.
The SEC recently changed the rules to make angel investing more accessible (though still not available to everyone yet).
2/ As a result, we're starting to see more venture rounds include employees, creators, customers, and everyday people:
NoPixel is the most fascinating virtual world on the internet.
NoPixel is a role-playing game in Grand Theft Auto. You have to apply to get in, and you must stay in character the whole time.
Here's how it works 👇
1/ First, you create your character. You customize your hair, your clothing, your accessories.
Then you fill out an application. You answer questions in character, like "You’ve found what looks like a random car in the street with a load of drugs inside. What do you do and why?”
2/ The goal of role-play is to create an immersive experience—basically to create a realistic, robust virtual world.
At all times in NoPixel, you must talk and act as your character.
During the pandemic, unemployment in the Philippines hit 40%.
Thousands of Filipinos without jobs—like Howard, pictured here—turned to blockchain-based online games as a way to make money.
Here's how it happened 👇
It started with Axie Infinity, a popular blockchain game with cartoonish creatures called Axies.
Axie is what’s called a play-to-earn game: if you win battles you earn a resource called Small Love Potion. You can exchange SLP for the cryptocurrency ETH & then convert to dollars.
This man used to drive a taxi, but he had no customers during COVID.
He started playing Axie and making up to ~$300 a month. For reference, minimum wage in the Philippines is about $170 per month.