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Building in Web3 can get really tough, especially considering that there are very few examples of concrete use cases that have obtained mass adoption. Another particular challenge when building in Web3 is the fact that there is a lot of hype around narratives that change and rotate much faster than any team can build anything robust enough. This can easily lead to the “Chasing shiny objects” syndrome, which in turn can mean the downfall of a company. At the same time, following the current trends and understanding when it is important to adopt new improvements or ways to do things in Web3 is also critical, so where do we draw the line?

What has been particularly challenging in my experience is how to determine when to pivot and when to just keep pushing with the same product. In our latest Web3 Creators Podcast we discuss precisely that with my great guest Ian Friend from Ferrum Network. Ferrum initially launched a product that was getting no traction, and they decided to try different things. Eventually, they solved their own problem by developing a staking mechanism for their token, which led them to offer that solution to other projects, leading to one of the first “Staking as a Service” products in the market.

We also talk with Ian about the character traits that make good teams and founders, and how most projects have great intentions but fail to match expectations. That is very different from what we generally hear that most of the projects are Rug-Pulls or Scams (although there are a LOT of scams out there for sure). In the minds of investors, whether a project fails or scams makes little difference. The bottom line is they lost their investment.

The good thing is that there is always room for improvement, and having the right mindset and perseverance eventually leads to creating great success and amazing products that people keep coming back to.

Join us in this brand new Episode of the Web3 Creators Podcast and get some valuable insights into how to form the right mindset for building in Web3.

If you enjoy the episode, please rate us and review us on Apple and Spotify, it means the world to me. 

Enjoy :-)

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Follow me on Youtube: https://www.youtube.com/@h3rnan

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See you there Creators!

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All of our videos are for educational purposes only and consist only of personal opinions. Please make sure to do your own research. Never take anything said in these videos for financial guidance.NONE of our videos ARE financial advice.

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