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The crypto industry has changed significantly since Joseph Lubin helped found the Ethereum blockchain in 2015. Now focused on innovating as the CEO of ConsenSys<\/a>, a\u00a0leading Ethereum software company\u00a0and the firm behind the popular\u00a0MetaMask software wallet<\/a>, Lubin has remained at the forefront of Web3 as the cultural shift it created continues to reorganize the creative and tech industries.<\/p>\n Speaking with nft now Co-Founder & CEO Matt Medved during a fireside chat at nft now x Mana Common\u2019s\u00a0The Gateway<\/a>, Lubin reflected on his on-chain career. He also provided insight into the state of the crypto and NFT spaces while looking toward the future of blockchain.<\/p>\n When asked for his thoughts about the recent fall of FTX<\/a>, Lubin didn\u2019t shy away from discussing the devastation and pain that it caused. He was also candid in noting the harm that it contributed to the NFT space \u2014 both to its image and to the individuals within it. <\/p>\n However, he was also quick to note that existing financial systems are also fraught with problems. \u201cA lot of people have been harmed for millennia by bad centralized systems. You can hide information, you can cheat in so many different ways,\u201d Lubin noted with a head shake. He continued by noting that, while the\u00a0recent FTX debacle sent ripples throughout Web3, it is beneficial in that it highlights the importance of having decentralized systems. Centralized systems, he argued, are controlled by a single authority, which increases risk. \u201cI\u2019m grateful that it is going to enable us to drive a narrative that really lays out, in stark terms, the value of decentralization,\u201d he said.<\/p>\nThe dangers of existing financial systems, and what happens after FTX<\/h2>\n