Arca’s David Nage on how regulatory oversight is impacting web venture capital – TechCrunch

The regulatory environment around cryptocurrencies is changing as the SEC targets major players in the web3 world, promising to shake up business as usual with positive action.

This week on Chain Reaction, we sat down with David Nage. Nage is the Principal at Arca overseeing their early stage fund with a primary focus on blockchain and digital assets. On this week’s podcast, we’ve delved into a multitude of crypto topics affecting the web3 venture capital world, including struggles with the blockchain gaming sector and new regulatory enthusiasm from The SEC follows a Coinbase investigation report this week.

You can listen to the full interview below.

In our conversation, Nage noted that the recent downturn has provided many lessons for players in the space, but noted that some of the biggest outbursts have disproportionately affected investors. retail private. “I wish that we as a society don’t have to learn from failure, but it seems we do learn from failure and that is how we thrive and prosper,” Nage said.

Nage says that while regulators are pushing for investigations, many venture capitalists are just hoping that they can provide more guidance and avenues for startup players operating within the boundaries. regulatory while embracing crypto-derived opportunities. Nage told us that the lack of guidance has led many venture-backed startups to wait and see before dropping their own tokens.

“Many of these founders understand that tokens can provide clear utility for the distribution and decentralization of corporate authority and can provide a variety of positive economic incentives for those who want to invest. are involved, but if there is no clear regulation, they are pushing it away in a said Nage. “So I think really having that clarity can be really helpful for the thousands of founders looking to innovate in the space.”

While Nage has some complaints about the way the regulatory landscape has evolved, he also notes that things are still moving faster than he expected. “To think [back] in crypto winter 2018, senators will formulate certain policies regarding digital assets [today] It’s just a leap and bound and your mind just blows, that’s amazing.”

You can hear more about Nage’s interview by listening to our latest episode. Subscribe to Chain Reaction on Apple, Spotify or alternative podcast platform of your choice to keep us updated on a weekly basis.

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