15. Siva Avvaru & Jay Steinback (yWhales): Where are Whales Investing in the Web of the Future?

Welcome to EARLY, the podcast about web3 business from Bankless Consulting.

DSide's guests today are Siva Avvaru & Jay Steinback, of yWhales, who discuss the potential of Web3 technologies and their impact on various industries. They begin by discussing the goals of the yWhales podcast & greater team, which aims to understand how traditional businesses can leverage Web3 technologies and the future of the industry.

The conversation then shifts to the recent hesitancy surrounding Web3 due to public perception and regulatory concerns, particularly in the United States. However, they highlight the growing interest and support from countries like Germany and the UK, which are actively fostering the Web3 market and attracting talent for EU-based initiatives.

The guests provide insights into the different arms of yWhales, including venture capitalism, solutions & professional consulting, labs & the metaverse, and digital assets & regulations. They emphasize the potential in the future of eliminating paper from global financial systems and of blockchain technology expediting processes like validating financial credibility in real estate transactions.

The episode concludes with discussions on blockchain data ownership, the need for collaboration between banks and cryptocurrencies, major use cases of the Ethereum Name Service (ENS), and the dream projects of Siva and Jay, which involve solving the data problem in healthcare. Throughout the podcast, Siva and Jay provide valuable insights into the current state and future potential of Web3 technologies, highlighting their practical applications and the challenges that need to be overcome for widespread adoption.

***Timestamps***

0:00 - Siva & Jay backgrounds

4:00 - yWhales recent Podcast guest backgrounds

6:55 - How has recent public hesitancy in Web3 affected your guests?

12:03 - Background on yWhales Enterprises other arms

13:21 - Most interesting Web3 ideas yWhales is working on  

19:40 - Main hurdles seen in enabling present-day business on the Blockchain & global adoption?

24:35 - Thoughts on today’s biggest NFT Loyalty programs (i.e. Starbucks Odyssey)

31:28 - The need for increased Legal expertise in Web3

36:01 - Siva & Jay’s take on ChatGPT capabilities

41:35 - Deep-dive on Blockchain data ownership

49:45 - Developing relationships between Banks & Cryptocurrencies

53:05 - Major use cases of ENS (Ethereum Name Service)

61:20 - Siva & Jay’s dream projects

***Additional Resources***

• yWhales.com
  • yWhales Podcast
  • yWhales Ventures
• yWhales Twitter
• yWhales LinkedIn
• Siva’ LinkedIn
• Jay’s LinkedIn
• Jay’s Twitter
• yWhales Youtube
• yWhales organizes meetups at all major conferences (i.e. Bitcoin Miami, Permissionless, Consensys, etc.)