South African cricket legend AB de Villiers recently gave a candid interview discussing his foray into the world of Web3 and cryptocurrencies. De Villiers admitted that he initially kept the crypto space at arm’s length, despite encouragement from friends and family since 2017. His journey involved experimenting with nonfungible tokens (NFTs) and eventually becoming an ambassador for a new Ethereum-based Web3 investment platform.
His interest in cryptocurrencies began after downloading Trading View, where he followed markets such as gold, commodities, the Nasdaq, S&P 500, and of course, cryptocurrencies such as BTC, ETH, and XRP. Years later, NFTs took off, and De Villiers delved into the world of digital collectibles.
The former cricket captain’s NFT journey wasn’t without its challenges, however. He fell victim to a phishing scam that targeted his digital collectibles portfolio, losing a portion of his collection before sending the rest to another wallet. This experience highlighted the importance of simplifying complicated processes for newcomers to Web3, De Villiers emphasized.
The sportsman’s enthusiasm for giving retail investors equal access to traditionally exclusive early fundraising opportunities led him to become an ambassador for Common Wealth, an Ethereum-powered Web3 investment platform. Users can invest in a variety of funds with crypto to access tokenized shares issued as genesis NFTs. Community investors can decide which projects to back through different funds, the platform also allows buying, selling, or fractionalizing Fund NFTs.
Common Wealth aims to level the playing field for retail investors by giving them an easy-to-use platform with low barriers to entry. De Villiers draws parallels between South Africa’s socio-economic landscape, which sees a multitude of cultures and a significant disparity of wealth, and the potential for projects like Common Wealth to tackle inequality.
In conclusion, the cricket star noted the importance of exercising caution when investing in the cryptocurrency space, given the long history of market volatility and other criticisms of the nascent sector. Nonetheless, De Villiers expressed excitement about the future and his continued exploration of the Web3 industry.
Source: Cointelegraph
