E65: WazirX Founder: I built the Largest Crypto Exchange in India!

Nischal Shetty is the Founder at WazirX, the largest Crypto Exchange in India with more than 15M users. He is also the Founder of 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 - Shardeum: how Nischal will onboard 100M users into Web3 - Does the World Really Need Another Layer 1? - Decentralized Social Networks - Decentralized Gaming - Decentralized Notifications And much more! __________________________________ SPONSORS: 💰 Earn up to €100 and be eligible for multiple airdrops by Registering to Swissborg via the following link: https://join.swissborg.com/en/r/dylan... 🤖 SwissBorg is Europe’s top trusted crypto app offering user-centric investment platforms and DeFi asset management with reliability and innovation. -♾ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com -👾 Byzant is a Web3 social network ecosystem for creatives. Get ready to create, connect, and collaborate using Byzant's user-friendly tools and decentralized applications. https://www.byzant.xyz/ __________________________________ FOLLOW NISCHAL SHETTY & WAZIRX & SHARDEUM • Twitter: https://twitter.com/NischalShetty • LinkedIn: https://www.linkedin.com/in/nischalshetty • Twitter: https://twitter.com/WazirXIndia • Twitter: https://twitter.com/Shardeum __________________________________ JOIN THE WHEN SHIFT HAPPENS CLUB • Instagram: https://www.instagram.com/kevinffollonier/ • Spotify: https://open.spotify.com/show/7JqCB5tnRky7XS7NRFWQJt • Apple podcast: https://podcasts.apple.com/gb/podcast/the-yield-labs-podcast/id1596083462 • Twitter: https://twitter.com/yieldlabs • Telegram: https://t.me/joinchat/WmwpRFGjRIIyZTdk • LinkedIn: https://sg.linkedin.com/in/kevinfollonier?trk=public_post_feed-actor-name • TikTok: https://www.tiktok.com/@kevinfollonier?_t=8kLZf4aPbSQ&_r=1 __________________________________ Chapters: 0:00 Meet Nischal Shetty 02:23 Empowering Your Teams to Create Leaders 08:07 Founder's Role 09:50 Indian 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 People