CRYPTO 101

Ep. 397 - Starting up and Standing out in This Early Founders Market with Brandon Millman of Phantom

Oct 27, 2021
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ANECDOTE

From Twitter Engineer To 0x Deep Dive

  • Brandon Millman moved from working as an engineer at Twitter to joining 0x in 2017 after getting fascinated by blockchain white papers.
  • He spent ~four years deep diving into decentralized exchange work at 0x, which shaped his move into wallets and consumer crypto UX.
INSIGHT

Wallets Are The Gateway To Crypto Adoption

  • Wallets are the first touchpoint for most users entering blockchains and can unlock the whole ecosystem with a great first impression.
  • Millman argues improving that initial wallet experience can materially increase mainstream adoption across chains.
ADVICE

Pick A Nascent Ecosystem Instead Of Fighting The King

  • Avoid competing directly with category leaders initially; instead target a nascent ecosystem missing its flagship product.
  • Phantom chose Solana to build a polished flagship wallet rather than fight Metamask head-on on Ethereum.
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