Published on: November 24th, 2021 • Duration: 49 minutes
Tascha Che, macroeconomist and founder of Tascha Labs, predicts Layer-1 blockchains to be the big winners in crypto and examines how NFTs derive value. In her research into Layer-1 blockchains, Che was tired of hearing analysts attempt to value tokens like Solana, Cardano, and Ethereum based on old metrics like P/E ratios and future projected cash flow. This ignores the preeminent utility of what these projects aim to achieve, their value as monetary assets. Monetary value ties into her case for Layer-1 solutions to become the dominant investments in crypto. “All the layer-1 chains that we know today - Ethereum, Solana, Avalanche, and so on - to me are providing the critical infrastructure to the metaverse, and they are sort of the new nation states in the new digital economy,” says Che. She stands firm in her belief that fiat currencies are on the way down, as is a common sentiment in the crypto community. It is this widespread devaluation which will continue to push average people to invest in crypto, especially in undeveloped countries. Che also discusses her recent NFT creations and explains her thoughts, more broadly, on how humans arbitrarily apply value. Interviewed by Ash Bennington on November 18, 2021.