AB de Villiers ventures into Web3

AB de Villiers is a household name in the world of cricket, renowned for his swashbuckling batting style and records in the shorter formats of the game. Perhaps less well known is his involvement in the Web3 and cryptocurrency space as he moves on from an illustrious sports career.

The 39-year-old South African sat down for a wide-ranging interview with Cointelegraph as he shifts his attention to the world of Web3. From his love affair with nonfungible tokens (NFTs) to an ambassadorship with a Web3 investment platform, De Villiers has familiarized himself with the ins and outs of the wider cryptocurrency ecosystem.

As the South African explained in the first episode of Crypto and Sport, his personal experience navigating the crypto ecosystem has tossed up some testing deliveries to bat away. It has also led him to become an ambassador for a new Ethereum-based Web3 investment platform looking to open up retail investor access to opportunities in promising new start-ups.

Hands off my Mutant Ape!

De Villiers admits that he kept the crypto space at an arms’ length for a number of years despite the best efforts of Web3 savvy friends and family to compel him to explore the industry as early as 2017.

Related: Planet of the Bored Apes: BAYC’s success morphs into ecosystem

While his brothers pressed him to invest in Ripple’s native XRP in those early days, De Villiers remained skeptical of the crypto ecosystem and kept his distance, until he started exploring trading more seriously after downloading Trading View:

“I started to follow some of my favorite stuff. Obviously the markets as well, gold, commodities, the Nasdaq and S&P 500. I just found a bit of interest, started reading a little bit about the markets around the world and then obviously also crypto, Bitcoin, Ethereum, XRP were my first interests.”

A couple of years later, NFTs took off with collections like Bored Ape Yacht Club scoring hundreds of millions of dollars in sales. De Villiers brushed up on the intricacies of the space with the help of a friend working in the industry.

Getting to grips with Metamask and its various wallet and network connections, token swaps and blockchain bridges, De Villiers quickly became enamored with collecting NFTs. Describing his experience as being littered with highs and lows, the former Proteas captain was particularly proud of being a Mutant Ape owner which also happened to be his first NFT trade.

“I think I started off with an amazing bang. I bought an M2 mutant ape. Amazing as a first investment. I went straight for the big one. Obviously it’s not overboard, but still an M2 is a biggie.”

His dose of NFT dabbling went on for some time, with De Villiers estimating that his NFT trophy cabinet held over 300 digital collectibles before an unfortunate incident left him scrambling. Enticed by a malicious NFT masquerading as a new Pudgy Penguin drop, De Villiers inadvertently gave a hacker access to his wallet by signing a malicious contract more than a year ago:

“I tapped on it, it looked very legit. There was a $1 gas fee. The minute I hit that gas fee, it stalled. I hit it about five times, which ultimately meant that I gave this guy access to my whole wallet.”

De Villiers ended up losing a portion of his collection before sending the remainder of his NFTs to another wallet for safe-keeping and admitted that the experience had made him recognize some of the challenges navigating Web3 for newcomers:

“I made a couple of mistakes and it cost me dearly, but that is something I really want to talk about. For anyone who wants to invest in NFTs, blockchain or Web3, it’s all new and it’s complicated, or it can be unless you simplify it as much as possible.”

Leveling the investment playing field

The experience also led him to get involved with Common Wealth as an ambassador. The Ethereum-powered Web3 investment platform aims to give retail investors early access to start-ups that are traditionally stonewalled for conventional venture capital investors. It ‘levels the playing field’ for retail investors to invest in high-potential early-stage Web3 projects, as De Villiers tells Cointelegraph.

Ready to level up your investment game? With Common Wealth, you can invest in private VC deals that were once reserved for the few, not the many. Let’s level up the playing field. pic.twitter.com/nJR2G2SC5B

— Common Wealth (@joincommonwlth) May 31, 2023

The platform allows the average investor access to early stage projects and companies at seed and private sale rounds. Users are able to invest in a variety of funds with crypto to access tokenized shares issued as genesis NFTs .

Community investors decide which projects to back through different funds, with voting power proportionate to their…