Podcast: Alliance DAO on Raising $50M and This Year’s Biggest DeFi Trends | Qiao Wang & Imran Khan

Jason Yanowitz and Mike Ippolito are joined by Qiao Wang and Imran Khao to discuss DeFi, TradFi and more

by Brianna Beckford /
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In the latest episode of “Empire,” Blockworks’ founders, Jason Yanowitz and Mike Ippolito, are joined by Qiao Wang and Imran Khan of Alliance DAO.

Not only are Qiao and Imran announcing the launch of Alliance DAO (in which Yanowitz is an investor) and a $50 million fundraise, they’re also diving into their thoughts on how the “Summer of DeFi” set up the current state of crypto. They also cover metaverse and gaming projects they’re interested in.

Plus, listen in to hear their thoughts on:

  • Web2 vs. Web3
  • The convergence of DeFi and TradFi
  • Tokenomics
  • and so much more

Check out what they had to say in the video below. 👇

About the show

“Empire” is a twice-a-week show. On Thursdays, Jason interviews crypto industry movers and shakers to talk about their struggles, bold moves and tough decisions. Friday’s weekly round-up episodes feature co-host, Santiago Roel Santos and cover the top news from the past week.

For any NPR or Guy Raz fans out there, you can think of “Empire” as a “How I Built This” for the bitcoin and crypto industry.

Subscribe to “Empire” today on Apple or Spotify. Watch episodes on YouTube.


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Compute demand is two-sided, the precondition for any hedging market. Producers (neoclouds and independent data centers) fear their inventory clears below cost. Consumers (inference platforms and the agentic application layer) fear compute will get more expensive. The common read holds that nonfungibility keeps both off any general exchange, since a buyer wants a named SKU in a named region rather than a basket, so the trade stays bilateral and the only exchange users are dealers hedging their book. That describes launch conditions, but understates how commodity markets form. Canonical benchmarks get made through trading, and reservations standardize as the curve deepens. The dealer-intermediated structure is not the end state, it is the seed of one.

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