Village Global's Venture Stories takes you inside the world of venture capital and technology, featuring enlightening interviews with entrepreneurs, investors and tech industry leaders. The podcast is hosted by Village Global partner and co-founder Erik Torenberg. Check us out on the web at villageglobal.vc/podcast for more.

Joel Monegro (@jmonegro) partner at Placeholder joins Erik on this episode. Takeaways:

- Every financial asset is a contract between two or more people. The world economy is basically a set of contracts on a ledger.

- A smart contract is like an API but on-chain so it can’t be taken down. In many cases not even the developers can retract a smart contract.

- Value capture and value accrual are two different things — capture is where the value is stored and accrual is where it is going. Th

Web 3 Series: The Transformative Power of Smart Contracts with Joel Monegro

Village Global’s Venture Stories