An exclusive Tech Tribune Q&A with Cuyler Pagano (founder and CEO) of ABRAXAS, which was honored in our:
Tell us the origin story of ABRAXAS – what problem were you trying to solve and why?
At Abraxas, we believe that Web 3.0 will be the future of the internet. We founded the company with the intention of bringing Web 3.0-based blockchain technology to artists and creators at an affordable rate, making it easy for the average user to bridge the gap between Web 2.0 to Web 3.0. While custom developed solutions can be costly and time consuming to build, we offer a solution that’s been proven to work and is easily reproducible.
What was the biggest hurdle you encountered in your journey?
With blockchain technology still in its early stages, we haven’t seen the adoption rates that we would like. We know great things take time and we are continuing to build so that as user adoption increases and the average user starts to participate in Web 3.0, we will have the technology ready. There is already a large user base for cryptocurrency and blockchain tech and it’s our hope we will see a wider adoption of digital collectables and Web 3.0 entertainment products in the near future.
What does the future hold for ABRAXAS?
We are continuing to build Web 3.0 software and expand our product offerings for artists and creators. In addition to building out the software side of the business, we are also growing our internal entertainment products including several comic books and blockchain based games.
What are your thoughts on the local tech startup scene in Albuquerque?
The tech startup scene in Albuquerque, NM is super diverse and continues to grow every year. We have a great environment for innovation and are proud to be part of such an amazing community.
What’s your best advice for aspiring entrepreneurs?
I think the best thing you can do as an entrepreneur is solve problems. If you have a great solution, the money will follow. It’s also key to be innovative and push the boundaries of what’s possible. Never be afraid to fail. You will learn more from failure than you will from success, and as you learn, you grow. You should also study what is working well and continue to do more of what works for you.