Published On Mar 28, 2024
Nischal Shetty is the Founder at WazirX, the largest Crypto Exchange in India with more than 15M users. He is also the Founder at Shardeum, a layer 1 blockchain with infinite scalability, true decentralization and top notch security.
Before starting his web3 journey, Nischal founded and scaled Crowdfire, a social media tool with more than 20M customers - while still working a full time engineering job!
In this conversation we talk about:
- Building and scaling CrowdFire to 20M users
- Nischal's 'ETC Strategy' to acquire millions of users
- Building and scaling WazirX to 15M users
- Nischal will onboard 100M users into Web3 with Shardeum
- Does the World really Need Another Layer 1?
- Decentralized Social Networks
- Decentralized Gaming
- Decentralized Notifications
And much more!
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FOLLOW NISCHAL SHETTY & WAZIRX & SHARDEUM
• Twitter: / nischalshetty
• LinkedIn: / nischalshetty
• Twitter: / wazirxindia
• Twitter: / shardeum
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Chapters:
0:00 Meet Nischal Shetty
02:23 Empowering Your Teams to Create Leaders
08:07 Founder's Role
09:50 India and Start Up Opportunities
15:37 Why Indians Should take more Risk
19:30 Traditional Career Path Vs. Entrepreneurship
25:25 Nischal's take on University Degrees
32:13 Starting Crowdfire while working a full time job
38:45 Luck and Success
39:34 Starting a Company from the right Motivations
42:20 Scaling a Company to 20 Million Users
45:20 Persistence and Self-Awareness
47:59 The 'ETC Strategy' to acquire Millions of users
51:25 Inventing 'Yearly and Monthly Payments Plans' in 2010
54:09 Running Multiple Businesses at once
59:51 Taking the Crypto Leap as a Builder
01:02:27 Building WazirX: the Largest Crypto Exchange in India
01:10:00 WazirX's tipping point to 15M Users
01:14:03 Bringing 100M people to Web3
01:15:28 The Birth of Shardeum
01:19:38 Shardeum, The Auto-Scaling Blockchain
01:22:55 Does the World Need Another Layer 1?
01:27:40 For Profit Vs. Non For Profit Organizations
01:38:25 Decentralized Social Networks
01:41:58 Decentralized Gaming
01:45:01 Decentralized Notifications
01:48:30 Web3 is a Technological Revolution
01:51:48 Bringing More Freedom to Peoplet