Will Fan, CEO of NewCampus, on Market Downturn Opportunities, Integrating Web3 into Education, and Future of Education | Ep. 351
In an exclusive interview with Cryptonews Podcast, Will Fan, the CEO at NewCampus, a challenger business school designed for emerging markets, discussed how market downturns provide great opportunities for all.
He talked about disrupting the $5 trillion education industry via Web3, crypto, blockchain, and DAOs, as well as investing capital into emerging companies in emerging markets, which are solving big problems.
Commenting on the recent market downturn, Fan said that he sees the ups and downs as part of the hero’s journey.
This is not the first time that a project or an industry has taken a hit.
“And if anything, it’s actually a really good opportunity to scout and see how your portfolio, your investments, the ecosystem evolves,” the CEO said. “I always see this as another good chance for resetting the wave a bit.”
For example, what is currently happening with millions in BTC in Germany is “just a calibration of the world trying to figure out where crypto sits as a legitimate asset or infrastructure” on which we’re building technology.
Meanwhile, one notable thing in the space is the founders’ evolving maturity, Fan remarked.
Just a couple of years ago, there would be teenagers creating projects and then rug-pulling.
Now, we see big players “putting their life’s work behind the business.” Animoca Brands is an excellent example. It’s partnering with and backing projects in this evolving space.
“I still think there’s a long way to go, but a lot of these highs and lows is character-testing, and that’s also part of the game,” Fan said.
Open Campus has been around for over a year and launched the EDU token in the last bear cycle. Making noise and building up a reputation was difficult, the CEO remarked.
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