Entrepreneurs and professionals eyeing Web3 are likely both enthusiastic and wary. While seeming “overnight success” stories are alluring, there’s also no doubt that the crypto and blockchain industry has seen its share of bad actors. Further, the unfamiliarity of the industry’s technologies, methods and philosophies can be daunting to a newcomer.
The members of Cointelegraph Innovation Circle are crypto pioneers who’ve played a significant role in scouting and forging a path ahead for those who are just now entering the industry. Below, 14 of them discuss the details and truths they wish they’d known when they first entered crypto and blockchain. Tap into their experience to launch strong into Web3.
Despite the quick pace of the crypto ecosystem, it’s rare for success to arrive overnight. While we’ve certainly seen projects exceed anyone’s wildest dreams, the majority face the uphill challenges of a crowded field and shifting public sentiment. For true believers, this is common knowledge often won through sober experience. Therefore, it’s wise to temper your expectations and plan for rainy days. – Oleksandr Lutskevych, CEX.IO
Community is the ultimate competitive edge in Web3; it is the most important thing to focus on. Your community adopts your products early, gives you feedback to reach product-market fit, acts as a distribution channel and actively participates in making everything about your project better. A project with a strong community can weather any kind of storm. – Abhishek Saxena, Polygon Technologies
Reflecting on my Web3 journey, key lessons emerge. First, you are not too late to get into the evolving Web3 space; ample opportunities persist. Foundational reading, like Satoshi’s paper, is crucial, as isRead more on cointelegraph.com