Multicoin Capital’s Kyle Samani on Internet Capital Markets

Kyle Somani from Multicoin Capital discusses the evolution of capital markets, highlighting the inefficiencies of the current system due to intermediaries and outdated regulations. He proposes a shift towards Internet Capital Markets, powered by blockchains, which would enable a global, 24/7, and permissionless financial system. Somani references a future where regulatory alignment, driven by governmental actions and the SEC, will allow for the convergence of traditional and crypto assets within regulated "super apps" and describes potential integrations of Internet Capital Markets into media and everyday activities, such as prediction markets in news and sports, trading in group chats, and social finance via live streams, ultimately envisioning a future where markets are embedded in media and finance becomes an Internet-native primitive.