Crowdsourcing on Steroids
I remember hearing about Bitcoin for the first time during an English lecture at Morehouse College in 2012. Not from the professor, but from one of my classmates. I had no clue how to get my hands on any and no clue how blockchain technology would evolve over roughly a decade. Around five years passed before I started working at Storj, a decentralized cloud storage startup with its own utility token on the Ethereum network. 2017 was an inflection point for crypto, where crypto companies attracted huge sums of money from all directions and we saw the launch of some of the first notable NFT projects like CryptoKitties and CryptoPunks. Right before my arrival, Storj raised 30 million dollars in an initial coin offering within a matter of days. Money that was completely non-dilutive, meaning that everyone kept the exact same equity stakes after the raise. Over the next two years at the company, I realized the power of crowdsourced networks that leverage modern technology and research.