WazirX Founder & CEO Nischal Shetty Shares Thoughts On Web3.0
CoinEdition
Published Sep 17, 2022 07:30AM ET
Updated Sep 17, 2022 08:00AM ET
WazirX Founder & CEO Nischal Shetty Shares Thoughts On Web3.0
- Nischal Shetty, WazirX CEO tweets about Web3.0 community building and development.
- He has been actively sharing his tips on building a new-gen ecosystem on Twitter (NYSE:TWTR) for 228 days.
- The WazirX founder is now building the EVM platform Shardeum.
Founder & CEO of India’s very own crypto-assets exchange WazirX, Nischal Shetty has spent 228 days sharing his tips on building web3.0 platforms, metaverse, and communities with his Twitter audience. His last tweet on September 17, discussed the importance of letting your community build while developing a decentralized platform.
Day 228When building a decentralized platform, it’s important not to compete with those using your platformAll centralized platforms started competing with their ecosystem. Eventually destroyed the dev ecosystem they had.Let community build & win on the platform#BuildWeb3
— Nischal (Shardeum) (@NischalShetty) September 17, 2022
He further explained how centralized platforms like Twitter, Facebook (NASDAQ:META), iOS, and Android were initially supportive of developers, Twitter being the first to enable APIs for users to build. However, soon they started restricting and competing with their dev ecosystem and started building third-party app features.
Shetty is extremely active on Twitter, sharing his knowledge and building decentralized platforms throughout the day. On his Day 226 tweet, he congratulated the team behind Ethereum on their merge event where the network upgraded to a less energy-extensive technology.
In another tweet, the CEO emphasized what Web2.0 offers Web3.0 in a number of lessons, including growth hacks, growth tools, analytics, other SAAS, and the people culture. Shetty had previously also stressed that Web1.0 was about providing information to the public, while Web2.0 was about building a social web, in comparison to Web3.0 which is focused on creating a value web.
Nischal is a huge fan of decentralization. He often talks about DAOs and their ability to provide a unanimously decided leadership, solving the question of “who will lead” in situations where users just want to participate and not the head.
Currently, Shetty is busy building Shardeum, an EVM-based, linearly scalable smart contract platform that enables low gas fees. Shardeum uses dynamic state sharding to maintain true decentralization & solid security.
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