A recent report suggests that the number of crypto entrepreneurs like Trevor Koverko is increasing. However, this is not a trend to be encouraged. While the industry is becoming more mainstream, the demand for anonymity remains high. More crypto entrepreneurs conduct their business using pseudonyms and pseudonymous avatars. Many venture capital companies are now backing such companies without knowing the real names of their founders. The Wonderland disaster and the subsequent collapse of Bored Ape Yacht Club have raised questions about this culture of anonymity. A BuzzFeed News investigation revealed that two anonymous founders of a $2.5 billion non-fungible token investment scheme were behind this scheme.
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Regardless of the number of crypto entrepreneurs, the number of scams has increased. One such scheme, known as a rug pull, involves anonymous developers soliciting funds from unsuspecting customers. Unfortunately, the victims of these schemes have little recourse and often are not able to recover their losses. As such, many people who have invested in a crypto company have been scammed. Fortunately, there are several ways to protect yourself from these unscrupulous developers.
Whether you choose to work with a crypto entrepreneur anonymously or not, you should protect your own privacy and confidentiality. Many of these individuals have undergone a series of steps to protect their identities. In addition to not wanting to be named, many use voice-altering software during telephone calls to ensure that no one can identify them. Additionally, they may require non-disclosure agreements before engaging in business with you. As with all industries, this kind of privacy is crucial, so don’t be afraid to ask questions.