Real Vision co-founder and CEO Raoul Pal welcomes Rolf Hoefer, co-founder of Cultur3 Capital, to discuss how crypto will transform the fabric of society through its enablement of value-generating, digital communities. As decentralized autonomous organizations (DAOs) and community tokens begin trending upward, Hoefer explains how this opens the door for people to experience digital communities in a wholly different and innovative way while creating the potential for crypto to reinvent culture itself. He and Pal explore the specifics of how crypto allows digital communities to be able to generate equity for all of their participants, consider the philosophical implications of this phenomenon, and discuss the challenges in building this vision out. Filmed on May 25, 2021. Key Learnings: As more community-oriented applications for crypto begin to emerge and interest in this increases on a corporate and an individual level, Pal and Hoefer project that this will impact everything from value generation to business models to even how people experience digital communities themselves. Crypto's infrastructure is a necessity in order to implement the transfer of value that’s fundamental to this vision—those who input more value into a community will gain more, and, in turn, this will foster a sense of belonging and new avenues of digital interaction that have not been previously possible.
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