Room for non-techies in the Web3/DeFi/NFT Start Up race?
Apologies if this post is all over the place, but I'm a humanities grad (studied a mix of history, polisci, ethnic studies etc.) turned tech banker with the long term aspiration to build something on my own at the nexus of tech / music (my passion!) / digital media / finance.I recently got super deep into the whole web3 revolution stuff on Twitter and discord due to major music artists like Takeoff starting to mint NFTs. I think the whole decentralized blockchain technology is fascinating and the more research I do - the more the use cases seem more realistic. I'm definitely not bullish on all the shitcoins, but I do think Bitcoin is a real, tangible store of value and likely will be the most legitimized one long-term - it would be the only currency I would hold besides maybe Ethereum, which (from what my non computer science coding brain can understand) functions as a "digital oil" or allows people to build applications and stuff on top of the decentralized blockchain - income NFTs, which allows users to tokenize any digital item they can think of - images (which some consider to be fine art worth hundreds of thousands of $), individual songs, videos etc. These tokens prove ownership of digital items so they can increase in value according to demand - with the potential for great upside in secondary markets.
Okay okay cool, besides web3 being so nascent and rife with a bunch of scammers, critical security flaws (SOL if you lose your private key), shitcoins and pump / dump schemes, terrible UX design for the vast majority of applications, and a HIGH barrier of entry due to super technical language that the average user won't invest the research hours to truly understand blockchain - it's a VC hotspot and in 20 years from now, can be super normalized.I don't want to miss the boat of the next big thing, but I also don't want to learn how to code, and probably won't ever be able to truly understand the intricate mechanics behind building a safe, aesthetically, pleasing, and useful web3 product / startup.
So where do us finance folk fit in the innovation of this wave + the creator economy at large? I love the value proposition for NFTs for music artists (ability to own masters, fund their projects via fan base, track / directly interact with the earliest fans in a tangible way IRL) and I think some startups seems to be way ahead on this wave, like Audius. Where do you guys think the banker/private equity/consulting guys fit into this narrative? What's still left to be built? If not web3 native, something to help facilitate the transition for the average user or beneficial to the budding "Creator Economy" - which I'm bullish on.
I'm rambling now, but essentially - I'm a humanities person from a tech university in tech banking and see myself going down the entrepreneurship route in the near future. How much do I need to know about this space to know what needs to be added to the ecosystem - and how do I go about building that team? I'm super interested in the rest of WSO's thoughts on the entire Web3 wave generally, as I do think the most fruitful information comes from conversation.