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

When Shift Happens Podcast

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

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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 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