ZEROPOD S2 E6: "Believe in Something" with 1confirmation founder Nick Tomaino

ZEROPOD: a zero-copyright video podcast for people who enjoy ethereum

What do you get when you cross a middleschool sneakerhead, a Bitcoin pizza-esque 30 million dollar engagement ring, and a knack for spotting the next big thing onchain? You get Nick Tomaino, crypto OG and founder of iconic crypto venture fund 1confirmation. On this episode of ZEROPOD, host Toady Hawk digs in with Nick about working at Coinbase in the very early days, the passion for collecting that led him from copping kicks and rare books to NFTs and ERCs, and founding and running one of the most successful early investment funds in the space. Nick also talks candidly about his bull case for Degen, Farcaster and Ethereum (he thinks one of those will even one day flip Bitcoin), why Ethereum doesn’t need a Michael Saylor, and what he thinks is the best advice for new investors in the space: just believe in something. --- Timestamps: 0:00 – Intro: Find Something More to Believe In 1:02 – Welcome to ZEROPOD: Meet Nick Tomaino 2:02 – Nick’s Sneaker-Collecting Days How basketball and sneaker culture shaped Nick’s early passion for collecting. 3:39 – The Collector Gene: Rare Books and Americana Nick’s family history of collecting and how it influenced his love for rare books and later NFTs. 6:42 – Crypto vs. Rare Books: Liquidity and the Future of Collectibles Nick compares the illiquidity of traditional collectibles to the fluidity of NFTs. 10:21 – College Days: Economics and a Focus on Making Money Why Nick studied economics and his early ambitions to optimize for financial success. 12:42 – Learning About Venture Capital How Fred Wilson’s blog inspired Nick’s interest in venture capital and crypto. 15:16 – Joining Coinbase: Early Days of Bitcoin Adoption Nick’s journey to Coinbase in 2013, hustling his way into the company, and working on business development. 20:03 – Starting 1confirmation: Supporting Early Crypto Projects Nick explains the genesis of 1confirmation and its focus on being the first check into game-changing projects. 22:00 – Why the Name 1confirmation? The blockchain-inspired reasoning behind the fund’s name. 23:49 – Opensea and CryptoKitties: Early Investments Nick’s experience with CryptoKitties and why he believed in Opensea’s potential. 26:47 – Degen: Why Social Tipping Matters The evolution of tipping mechanisms in crypto and their role in driving adoption. 30:36 – Thoughts on Farcaster and Decentralized Social Media Nick discusses Farcaster as the best decentralized social network and its role in enabling financial opportunities. 36:39 – Farcaster Projects: Clanker, Anoncast, and More Nick evaluates recent Farcaster projects and the importance of experimentation. 40:04 – The Value of In-Feed NFT Minting Nick shares why he believes microtransactions and NFT minting are the next big things for creators. 45:08 – Ethereum’s Strength and Long-Term Potential Why Nick believes Ethereum could flip Bitcoin and the importance of innovation over narratives. 49:12 – The Importance of Skin in the Game How crypto allows more people to have ownership and take risks with real consequences. 52:03 – The Future of Farcaster: Financial Opportunities Nick’s vision for how Farcaster can thrive by giving users more ways to make money. 53:03 – What’s Exciting in 2025? Pro-Crypto Policies and Innovation Nick shares his optimism about potential regulatory changes and new product developments. 56:00 – Advice for Newcomers: Conviction and Curiosity Final advice for those new to crypto: find something to believe in beyond making money. 58:14 – Wrap-Up: Believe in Something More Closing remarks and gratitude for the conversation. -- Podcast recorded by Toady Hawk, edited by Toady Hawk and Santhosh. Hosted by Toady Hawk. Music by Toady Hawk, SuperTightWoody & Suno AI. Produced by Zero Rights Media. This content is zero rights reserved (cc0), please remix and reuse it in any way you like with attribution.