It's Time to Build - The Daily Gwei #208
So what are you waiting for?
Open, permissionless, censorship-resistant and decentralized - this is what is at the very heart of Ethereum and what allows developers to build pretty much any product that they want. The best part is that people can choose from literally any category they want - DeFi, DAOs, web3, infrastructure, layer 2, core protocol work - whatever people want to build, there’s an enormous green field out there for them to experiment on.
Not only is it a great time to build something in Ethereum but it is also an amazing time to raise money to give a new project potentially years of runway. Given that it’s currently a bull market, many investor types (VC’s, funds and angels) are very loose with their wallet and are willing to fund mostly anything these days. This means that budding entrepreneurs can actually raise money for the wackiest of ideas that would never have been able to raise during a bear market - this obviously won’t last forever so striking now while it’s hot is important!
The most exciting thing about building in Ethereum right now is that there are so many different problems to tackle. Want to help solve scalability? There are many layer 2 teams looking to recruit people across many different roles. Interested in disrupting finance? You can choose from literally 100’s of DeFi projects from early stage to “late” stage. Interested in working on human coordination problems? You can simply join a DAO’s Discord channel and jump right in (and most of the time earn rewards for doing so).
I believe that building on Ethereum right now is like building on the internet in the 2000’s - that is, there are billions of new people who are going to flood into this ecosystem over the next decade and builders have the opportunity right now to create the next Google, Amazon, Facebook or Twitter in preparation of these users. Additionally, not only is it the right time to build, it’s also the right time to experiment heavily with niche and innovative ideas while the user-base is still relatively small and open to these experiments.
One of the best things I ever did was leave my old corporate job in mid-2019 to join Set Protocol - I had never been happier at “work” in my life and working at Set was much more fulfilling than most of the other things I had done previously. If you’re where I was (in a dusty old corporate job) then I encourage you to take the plunge and join a startup within Ethereum. Yes it may be more “risky”, yes it’s definitely more demanding, and yes it’s an absolutely crazy ecosystem - but I truly believe that working in Ethereum is one of the most rewarding things one can do in the world today.
Have a great day everyone,
Anthony Sassano
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All information presented above is for educational purposes only and should not be taken as investment advice.