How to spot viable crypto projects:

An inside look at Ubiquity DAO — The first Bank of the Metaverse

These days I travel all around for business and pleasure exploring our Global Village. Alongside adding airline miles, I encounter different projects, ideas and opportunities along the way. On one such occasion in Taiwan I came across an accomplished fellow serial entrepreneur that quickly became a great friend. As it happens he is the founder of a DAO (Decentralized Autonomous Organization) which I found quite interesting.

Through our conversations and interactions we realized that I should come into the organization in a general counseling role. This is where our story starts with Ubiquity DAO (https://ubq.fi).

We will fast forward through the various blockchain weeks held at different cities throughout the world where a lot of multi-day parties are held and connections are made. When attending these events it is easy to be caught up in the allure of a nascent industry flush with money that is driven by a lot of venture capital speculation.

I am more conservative by nature so I was a little pensive and skeptical of what was going on around me. Looking back into history one can see how this industry could be reminiscent of the internet bubble of the 1990’s, the Japanese bubble economy of the 1980’s, the roaring 20’s and even the Dutch Tulip mania of the 17th century. I kept thinking to myself, how is web3 vastly different? I am not sure that it is with the exception of past experiences to help guide the way.