Matt Webb
Co-founder, Wevr.ai
Blockchain Analytics & On-chain Data Visualizations
Transforming Data Into Actionable Market Insights. At Wevr.ai, we leverage AI-powered tools to decode market trends, sentiment, and on-chain activity, helping investors and researchers stay ahead in the crypto space. With over two years of experience building innovative businesses, I have a passion for agile development and exploring new technologies.
Company: Wevr.ai
We are thrilled to have you join us today, welcome to ValiantCEO Magazine’s exclusive interview! Let’s start off with a little introduction. Tell our readers a bit about yourself and your company
Matt Webb: Hi Readers, I’m Matt Webb, a co-founder of Wevr.ai, a blockchain data analytics company based in Australia. I started this project with a colleague of mine while attending university for my master’s degree in 2022. I’ve had a passion for cryptocurrencies and blockchain data since I first got into cryptocurrencies in late 2015, after hearing about Bitcoin and Dogecoin mining using graphics cards. Ever since then, I’ve been hooked on decentralized finance, blockchain trends, onchain flows.
Building this company has been an amazing challenge, and as a first-time founder, I’ve learned a lot about creating a business—from inception to building an MVP and developing a go-to-market plan. It’s hard work but incredibly enjoyable, and the experience has been invaluable. I started out with only an idea and no technical or business skills however over the course of two years i have become a developer, learned about UI / UX product market fit and crucially marketing and SEO which has been crucial for growing our product at Wevr.ai
What emerging technology trends do you believe will have the most profound impact in the next 5-10 years?
Matt Webb: I’m sure many tech founders are talking about artificial intelligence and cryptocurrency/blockchain technologies.
I agree with this sentiment—they are incredibly impactful and will continue to become a bigger part of our daily lives in the coming years. Artificial intelligence tools, such as Copilot, are already being integrated into corporate life for companies in Australia. I believe there will be a continued trend of equipping workforces with AI to increase efficiency. However, I don’t think the impact will be as massive as some people anticipate. I believe we’re nearing an asymptote for AI growth, and the way to harness its potential is by training it for specific tasks—like integrating it into everyday applications such as CRMs, Excel, etc. There could be significant benefits in making those tools 10-20% easier to use. That said, I don’t think AI will replace the need for software developers, for example.
Blockchain, on the other hand, could have a more profound impact on our freedoms, provided that regulations don’t hold it back. The potential for open and accessible data in areas like supply chains, government expenditure, and banking systems could provide society with more insight into government actions, fostering greater transparency and, therefore, more trust. Additionally, blockchain technology could enhance privacy in retail transactions, which would be beneficial given the amount of data currently being harvested by companies. I believe this will be a topic of contention in the future, though perhaps not in the next 5-10 years.
Can you share a specific technological breakthrough from your company that has the potential to reshape your industry?
Matt Webb: A technology breakthrough the team at Wevr.ai is working on is still in the works however it is using both Artificial intelligence and blockchain quarriable information to allow users to easily access data visualizations using English rather than complicated SQL Queries. Although this is still in the works i can see this having a profound impact on the on-chain data industry , as it simplifies a large barrier of entry for retail cryptocurrency traders who want good data, Having access to blockchain data from https://wevr.ai/ and having the ability to use Ai to do the hard queries could allow for more sophisticated investors in coming years.
How do you approach innovation while balancing the need for practicality and market readiness?
Matt Webb: This is a great question. I think the most important thing is building what our customers want and extending that in a way that is easily scalable for the future. We made sure to design our tech stack so that it can grow and expand with minimal backend development moving forward. We’ve held off on some more complicated innovations until we achieve the perfect product-market fit, ensuring we’re not wasting resources building features that our customers don’t want. I think that approach is both important and rational.
It’s a two-way street in business—we could try to innovate in every area, but unfortunately, we would end up spending too much of our lean resources on things that don’t contribute to our distribution.
What challenges do you face in integrating cutting-edge technology into existing business models?
Matt Webb: I believe tech debt is still a challenge we face. Although we use a modern tech stack, our coding skills when initially building this startup were not at the level they are today. As a result, there is some legacy code in our codebase that needs updating to integrate cutting-edge technology. However, this would require resources that aren’t worth spending at the moment. You can read more about our challenges on our blog @ https://blog.wevr.ai/
Another challenge we often face is balancing the automation of marketing processes using AI with the need for non-scalable marketing efforts. We’re actively working on finding product-market fit and doing a lot of customer outreach, which has been instrumental in growing our customer base and receiving positive responses. However, this requires me to spend a significant amount of time manually handling these tasks. Automating this process would initially slow down our growth as we build proprietary tools for marketing, but it’s something we need to address in the long run.
How do you foster a culture of innovation within your organization to stay ahead in the tech race?
Matt Webb: Our team is super lean—it’s just two developers—so in that regard, we have it easy. There’s very little bureaucracy to slow down innovation. If we see something cool, we put it on Confluence and consider building it in the future. Being lean means we can move fast. Agile methodology is crucial for innovation, and I think that’s what we do best. With such a small team, there are no toes to step on, so we can pump out features super fast.
Obviously, in the future, we’ll need to grow our team, but with our current model, we’re able to get a lot done with a small team. We’d like to maintain that culture as we grow and our revenue increases.
