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

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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

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• 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