When Worlds Collide: Joining Web3 and Crypto from Web2

A friend of mine, who is a seasoned Web2 tech executive, joined a Web3 company in June. An informed operator, he asked to speak with the 16 employees before deciding to join the company.

It shows that Web3 members really need to focus on the mission when they jump ship from the old tech world.

Is the blockchain technology business model really plausible? You almost need to be a seasoned venture capitalist or world-class engineer when considering the potential of a new project to build a new L1 blockchain as promised - and, therefore, deliver your token rewards.

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Risk-reward metrics mean that there are opportunities for great success. But with great success come great tax problems…

Web2 to Web3Going from Web2 to Web3 is not for the faint-hearted.

"The first thing I see is that everyone in the space has an innovative mindset: early adopters, changemakers, and people who aren't allergic to change. people love to tell you how early they adopted,” says Lucy Lin, founder of Forestlyn, a Web3 marketing agency She spent “15 years in various corporate roles” before discovering crypto and blockchain in 2017. She says 2022 is different - it's more welcoming, for starters.

"Five years ago it was infested with the 'crypto bro' mentality and behavior," she says. “At the time, it was the Wild West: anything goes, lack of approach, young and inexperienced. I don't want to overlook that, but at that time it was rampant. There was a serious lack of female representation. »

Lucy LinLucy Lin from Forestyln.

"I'm glad to see an increasing amount diversity and inclusion - more women, ages, sexual orientations, races, etc. - in space nowadays. »

"The scams are still going strong, but the space is maturing and many more diverse people with a variety of skills are coming in," Lin told Magazine.

As the industry grows, it becomes a great career move for many. But it's a whole other world than the one they're used to. So here are some thoughts from jump takers, investors and founders who have jumped from Web2.

The game is played on different terrains

The shift from Web2 to Web3 is most evident at the executive level: former Google Vice President Surojit Chatterjee now serves as Chief Product Officer at Coinbase. Amazon's Pravjit Tiwana left his role as general manager of Amazon Web Services' Edge Services to become Gemini's chief technology officer. Former Lyft CFO Brian Roberts has joined the OpenSea NFT marketplace. Former head of games at YouTube now leads Polygon Studios as CEO and former HR director of AirBnB

When Worlds Collide: Joining Web3 and Crypto from Web2

A friend of mine, who is a seasoned Web2 tech executive, joined a Web3 company in June. An informed operator, he asked to speak with the 16 employees before deciding to join the company.

It shows that Web3 members really need to focus on the mission when they jump ship from the old tech world.

Is the blockchain technology business model really plausible? You almost need to be a seasoned venture capitalist or world-class engineer when considering the potential of a new project to build a new L1 blockchain as promised - and, therefore, deliver your token rewards.

>

Risk-reward metrics mean that there are opportunities for great success. But with great success come great tax problems…

Web2 to Web3Going from Web2 to Web3 is not for the faint-hearted.

"The first thing I see is that everyone in the space has an innovative mindset: early adopters, changemakers, and people who aren't allergic to change. people love to tell you how early they adopted,” says Lucy Lin, founder of Forestlyn, a Web3 marketing agency She spent “15 years in various corporate roles” before discovering crypto and blockchain in 2017. She says 2022 is different - it's more welcoming, for starters.

"Five years ago it was infested with the 'crypto bro' mentality and behavior," she says. “At the time, it was the Wild West: anything goes, lack of approach, young and inexperienced. I don't want to overlook that, but at that time it was rampant. There was a serious lack of female representation. »

Lucy LinLucy Lin from Forestyln.

"I'm glad to see an increasing amount diversity and inclusion - more women, ages, sexual orientations, races, etc. - in space nowadays. »

"The scams are still going strong, but the space is maturing and many more diverse people with a variety of skills are coming in," Lin told Magazine.

As the industry grows, it becomes a great career move for many. But it's a whole other world than the one they're used to. So here are some thoughts from jump takers, investors and founders who have jumped from Web2.

The game is played on different terrains

The shift from Web2 to Web3 is most evident at the executive level: former Google Vice President Surojit Chatterjee now serves as Chief Product Officer at Coinbase. Amazon's Pravjit Tiwana left his role as general manager of Amazon Web Services' Edge Services to become Gemini's chief technology officer. Former Lyft CFO Brian Roberts has joined the OpenSea NFT marketplace. Former head of games at YouTube now leads Polygon Studios as CEO and former HR director of AirBnB

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