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The Human Toll of Building in Crypto vs. Web2
This chapter explores the unique pressures founders in the crypto industry face, contrasting their experiences with those in Web2. It highlights the emotional and mental toll of navigating investor expectations and market volatility, shedding light on the human side of entrepreneurship in this dynamic field.
In this episode, we sit down with Jansen Teng, co-founder of Virtuals, the leading AI agent protocol on Base, valued at nearly $1 billion.Jansen breaks down how AI agents are changing the game in crypto, why some AI agents are making millions, and how early adopters can position themselves for life-changing returns. He shares insights on AI-powered businesses, digital nations, and the future of autonomous economies - all happening faster than you think.PARTNERS💳 Trezor is the safest cold storage wallets for crypto security and financial independence.Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana.https://jup.ag/🌱 Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.https://bitwiseinvestments.com/💧Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.https://sui.io/♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.https://www.mantle.xyz
FOLLOW VIRTUALS PROTOCOL AND JANSEN TENG•Twitter: https://x.com/ethermage• Twitter: https://x.com/virtuals_io• Website: https://www.virtuals.io/• LinkedIn: https://www.linkedin.com/in/jansenteng/FOLLOW KEVIN & WHEN SHIFT HAPPENS👇Twitter (X): https://x.com/KevinWSHPod Instagram: https://www.instagram.com/kevinwshpod/ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://www.podpage.com/when-shift-happens/__________________________________DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome._________________0:00 Trailer1:28 Please Subscribe1:54 Partnerships 2:39 Time Zone Adjustments3:50 Scaling From 1 to 1005:42 Who is Jansen Teng? 7:52 Learning from Startup Failures10:51 Trezor Partnership11:44 Building Businesses While Consulting17:42 Fire Fast, Hire Smart19:26 Profitable Business vs. Billion-Dollar Dreams22:07 Virtuals’ Historic 2024 Run26:58 The 99% Token Drop Struggle29:34 Why CryptoPunks & NFTs?32:44 Pudgy Penguin33:18 NFT Speculation Bubble35:42 Dealing with FUD41:12 Reality of Crypto Founder43:53 Speculative Premium in Crypto47:00 Crypto Revenue Volatility Explained48:45 Building a High-Growth Team51:51 Mistakes in Crypto Innovation56:50 Learning from Luna's AI Journey1:00:00 USA vs. Malaysia1:03:46 Expanding to Solana1:07:04 Shifting Away from BASE1:09:25 Constructive Criticism on BASE1:11:25 Building Products, Not Networks1:13:51 Politics of Crypto Listings1:16:36 A Founders Dedication1:19:44 Mastering Sleep Techniques1:22:22 Breaking $300,000 Scholarship Bond1:23:34 Why Showing Up Matters1:24:50 Wildest Moves for Virtual Success1:29:22 Future of Autonomous Agents1:33:57 AI Agents: ChatGPT Wrappers1:35:02 Getting Rich with Crypto AI Agents1:38:47 The Next Wave of AI Agents1:41:02 Attention = Currency1:41:57 Internet Water Army1:46:13 Concluding Remarks
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Listen to the best highlights from the podcasts you love and dive into the full episode