Shifting Power Dynamics in Digital Economies at OpenFormat with Sarah Weller

This week’s guest is Sarah Weller, the CEO of OpenFormat.

OpenFormat is shifting the power dynamics in digital economies by enabling creators and builders to make a sustainable income. They’re doing this by bringing together game economies, blockchain-based technologies, and AI.

They’re building a tech stack that includes revenue splitting, micro payments, decentralized applications, and AI assistants. The five co-founders of Open Format have diverse skills and backgrounds, and they came together with a shared mission to redistribute wealth and rethink value exchanges. They are focused on creating real utility and working with people who are already aligned with their vision.

We discuss the challenges of straddling the present and the big vision, the importance of being a learner, and the different perspectives on risk. She shares personal experiences and emphasises the need for honesty, humility, and transparency in business.

In the episode, we discuss:

• What OpenFormat does
• Their goals
• How it all works
• Having five co-founders
• Making a positive impact
• Being a learner and having a learner mindset
• Taking calculated risks
• Honesty, humility, and transparency

Sarah:

LinkedIn -   / saraheweller  

OpenFormat:

Website - https://openformat.tech/

LinkedIn - https://www.linkedin.com/company/open...

Twitter - https://x.com/Openformat_tech

YouTube -    / @openformat_tech  

Follow Me:

Newsletter - https://anotherexcuse.beehiiv.com/

LinkedIn -   / byrongrealy  

Instagram -   / anotherexcusepod  

Twitter - https://x.com/ByronGrealy

TikTok -   / another_excuse  

Chapters

01:00 Introduction to Open Format
03:07 Building a Tech Stack for Digital Economies
06:11 The Story of Open Format's Co-founders
10:51 Passion for Blockchain and Web 3
15:17 Combatting Negative Associations with Blockchain
19:00 Challenges of Working in the Blockchain Ecosystem
21:15 Experience Working for Other Companies
29:03 Motivation to Start Open Format
33:58 Building a Work Environment at Open Format
36:01 Leading by Example and Building a Strong Business Culture
38:17 Spotting Learners and Embracing Collaboration
41:43 Straddling the Present and the Big Vision
45:28 Taking Risks and Personal Experiences
52:30 The Long-Term Goal of Open Format
56:44 Common Threads Among Entrepreneurs
59:49 The Journey of the Podcast and Setting Goals