The Future of Sports and Entertainment: Decentralized Ownership and the Role of Web3

In this episode of Old Men New Money, Phil Larmon discusses the systemic issues plaguing the sports and entertainment distribution models. He argues that the current system is fundamentally broken due to the disappearance of scarcity, leading to economic collapse and fragmentation in media consumption. Phil breaks down how Web3 technology can solve these problems by introducing scalable ownership models, decentralized content creation, and peer-to-peer betting. He explains how tokenized media distribution can align the interests of fans, creators, athletes, and leagues, making them stakeholders rather than mere consumers. The episode concludes with a look at how this shift will permanently change the economics of sports and entertainment.

00:00 Introduction: The Broken Distribution Model

01:43 The Collapse of Scarcity in Media

03:06 The Rise of Fan Ownership

04:52 Web3: The Future of Media Distribution

05:59 The Streaming Dilemma

07:43 Tokenized Media and Fan Engagement

12:07 Decentralized Betting and the Future of Sports

13:11 The Inevitable Shift to Tokenized Media

17:12 Conclusion: Rewriting the Economics of Entertainment

Revolutionizing Sports Wealth: Athlete Tokenization's Bright Future

In this episode of Old Men New Money, Phil Larmon explores the concept of athlete tokenization as a solution to the financial and identity crises that athletes often face. He differentiates between economically sound tokenization and the hype around NFTs and digital collectibles. He critiques the early attempt by Fantex and explains why it failed due to the absence of supportive laws, technology, and cultural acceptance at the time. Larmon then discusses the modern landscape where high school and college athletes can monetize legally, paving the way for sustainable tokenization. He emphasizes the need for an aligned ecosystem involving agents, managers, and professional associations to ensure these investments are ethical and beneficial for athletes. The episode also explores the potential long-term benefits of tokenization, including post-career earnings and stronger fan engagement, ultimately providing athletes with financial and identity stability throughout and after their careers.

00:00 Introduction to Athlete Tokenization

00:39 The Structural Problems in Sports

02:09 The Fantex Experiment

05:26 The Modern Landscape of Athlete Tokenization

06:12 Case Studies: Potential and Real Examples

13:35 The Role of Agents and Managers

15:32 Post-Career Monetization

18:46 The Four Conditions for Successful Tokenization

20:42 Conclusion and Future Insights

The Blueprint of Tokenization in Modern Entertainment: Real Ownership and Participation

In Episode 22, host Phil Larmon shifts from the 'why' of fan ownership to the 'how', detailing the mechanics behind tokenization within the entertainment industry. This episode delves into how tokenization collapses the traditional layers of access, ownership, and monetization, using blockchain technology to create verifiable, programmable, and transparent ecosystems. Larmon explores practical applications such as tokenized ticketing, fan access, compliant equity models, media distribution, loyalty pipelines, and real-world authentication. He emphasizes that tokenization is transforming everything from music and film to sports and digital collectibles by shifting fans from passive consumers to active participants with real economic stakes. The episode highlights current implementations and future predictions, asserting that regulated, transparent tokenization will revolutionize entertainment.

00:00 Introduction and Recap

00:56 The Blueprint for Fan Ownership

02:04 Tokenized Ticketing Revolution

03:59 Fan Access and Engagement

05:47 Compliant Equity Models

07:25 Media Distribution Tokens

08:58 Loyalty to Equity Pipelines

10:03 Authentication and Digital Twins

11:01 The New Fan Economy

12:01 Real-World Applications and Future Predictions

15:31 Regulation and Compliance

18:39 Conclusion and Next Episode Preview