Love is the only woman among W3bCloud’s five co-founders. As director of strategic initiatives, she worked closely with CEO Joseph Lubin, who also co-founded Ethereum, a popular blockchain platform.Īfter Love put together a presentation on Ethereum that won over the CEO of the semiconductor giant AMD, Lubin asked her to close the deal that sired W3bCloud, which is a joint venture between AMD and ConsenSys.
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Throughout 2016, she devoted her nights and weekends to researching blockchain, and by the summer of 2017 she was working full-time at ConsenSys, a blockchain software developer in Brooklyn. How did Love transform from crypto neophyte to one of the industry’s rising stars? “I kept following that curiosity and passion,” she says.
Earlier this year, she also helped launch The Belle Block, a Mastercard-led initiative aimed at bringing more women and underrepresented minorities into crypto and blockchain. Today, in addition to serving as W3bCloud’s director of ecosystem and partnerships, Love is using her education initiative SheFi to give more women the tools to get involved. Love’s concern is that most women will be left out and left behind by the next wave of tech innovation - and the crypto ecosystem will be worse off for it. Yet few women are leading the creation of crypto products and services or acting as thought leaders in the space.Ī December 2021 report found that fewer than 5% of all crypto entrepreneurs are women and that there is a crypto education gap - Mastercard’s 2022 New Payments Index found that women are significantly less aware of crypto and digital asset terminology than men.
Although her personal experiences as a woman in the business have been positive, she’s troubled by the industry’s demographics.ĭespite the current market downturn, many crypto supporters believe blockchain will significantly change how we buy, sell, save and store value. Like most crypto professionals at the time, Love had a background working in finance and technology - fields that traditionally skew heavily male. In 2018, she co-founded her first company, W3bCloud, which runs data centers for blockchain applications and is now planning to go public at a $1.25 billion valuation. “Once I read about blockchain, I realized I had to be part of it,” she says. She devoured the book in two days, suddenly determined to refashion her whole career.
What was it about this technology that could excite someone so much?Īfter work, she found a book called “Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies Is Changing the World,” where she learned that these electronic ledgers are replicated among all the computers in a network, creating a secure record of anything from currency transactions to contracts to product shipments. Not quite three years out of college, Love, who worked in product strategy, left the meeting intrigued. A staff member on the conference call was gushing at length about blockchain’s potential - to a degree that eventually exasperated his colleagues.Įxcept Maggie Love. It was spring 2016, and strategists at a major technology company were exploring potential investments in financial technologies. That was the general sentiment in the boardroom toward the voice coming over the speakerphone.
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