MoneyNeverSleeps: Misconceptions About Web3 | Founders from Pawpass, GenoBank, FairAI and Ember AI

I’ve brought together 4 of the founders from the Techstars Web3 class of 2024 to help me dispel some of the common misconceptions about web3 with the general public, including Julia Kemp, founder and CEO of Pawpass, Daniel Uribe, founder and CEO of GenoBank. Tiago Ferreira, co-founder and CEO of FairAI, and Tom Daniel, co-founder and CEO of Ember AI.

Even with an estimated 500 million crypto users around the world, the number of daily active users of crypto is less than 20 million, compared to 2 billion daily active users of Facebook, for example. So, for those around the world who have heard of web3, blockchain, crypto, DeFi, digital collectibles, NFTs, etc., the vast majority are uninformed at best, and negative or fearful at worst. However, they don’t really need to be informed about how it works; in the same way, you don’t need to understand SMTP to send an email or HTTPS to use a website.

In general, as early-stage founders, if you do put your head down and build, find customers and grow your user base, and hit the metrics to raise your round, you don’t have to worry too much about the general public’s misconceptions about web3 for now – or do you?

What if you’ve just decided that building on blockchain technology and leveraging the trustless component of blockchain is the best way to deliver your value proposition to consumers? How will the uninformed react? How have you seen them react and what do you do about it? If what you’re building is more for the crypto-native, does it matter if the general public has misconceptions about web3?

To answer these questions on misconceptions about web3, I asked Julia Kemp, founder and CEO of Pawpass, and Daniel Uribe, founder and CEO of GenoBank. Tiago Ferreira, co-founder and CEO of FairAI, and Tom Daniel, co-founder and CEO of Ember AI, what they wish the general public knew about web3.

LINKS:

Connect with this week’s guests on LinkedIn

• Julia Kemp from Pawpass: https://www.linkedin.com/in/kempjulia/
• -Daniel Uribe from GenoBank: https://www.linkedin.com/in/uribedaniel/
• Tiago Ferreira from FairAI: https://www.linkedin.com/in/carlostiagoferreira/
• Tom Daniel from Ember AI: https://www.linkedin.com/in/0xtomdaniel/

Follow this week’s guests on other social media:

• Julia Kemp from Pawpass: https://www.instagram.com/usepawpass/
• Daniel Uribe from GenoBank: https://twitter.com/genobank_io?lang=en
• Tiago Ferreira from FairAI: https://twitter.com/getFairAI
• Tom Daniel from Ember AI: https://twitter.com/EmberAGI

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