ETHIndia 2023 Opening Ceremonies

[Music] good evening everybody my name is cark one of the co-founders of eth global and I'm super excited to welcome all of you to eth India come on there we go this is not a conference we are at a hackathon and we're finally excited to be back here for the fourth time in partnership with de folio to 2023 are you all excited there we go our goal here is to onboard developers into this ecosystem and where else could we go to find the most talented people in the world it's right here in India now what makes these events different is that our Focus here is on Builders which is why these events are the opportunities for you to learn get get help and upskill yourselves and learn about what's actually happening at the edge and most importantly we believe showing is way more important than telling so we don't want to see and hear about what you're thinking and what you want to build we want to see actually you build it and demo it to us because building is what's more important now e India 2023 is special because we want to have a reignited focus on changing the Status Quo and who better to bring that up and tell you more about than our very own Denver from De folio so please join me in welcoming Denver on stage right all right so uh I'm just going to take a pause like for a minute for everybody to really think what we are here to do this weekend right um and if you think about it I mean sure they're going to be 2,000 people in the building there's going to be 250k up in Rises but what beyond that right uh and for that uh I would like to take you a to a quick story right and for that we must travel to uh yeah okay okay the Town of uh GAA in Bihar where where uh we have an example of this guy tashat right and now tashat uh is in a very is a is a happy go lucky man by uh nature right and uh all his life he sees an imposing mountain in front of him uh that separates his Village from the rest of Civilization by uh 55 kilomet which is like uh a lot in uh in like in in any terms like even Beyond like um I mean it's impossible in Bangalore traffic but then even for GAA it's a lot uh but the thing to think about here is that this really cut his access off of anything uh that could he could use to improve his life but he still didn't think much about it until it hit home Clos one day one day Dash's wife was uh walking through the mountain to fetch some water from the neighboring Village and as she did that she sadly slipped fell on the rocks and lost her life and this is what hit really close to home for dasad and he decided to do something about it uh but sadly change does not come easy so he just decided to take it upon himself and picked up a chisel and a hammer and was at it was at it not for one day 2 days or a week he was was at it for 22 years now it kind of seems uh unbelievable if that's if this is even a true story but uh trust me uh it is and uh like this is based on uh the real life of Dash Manji who's uh who's even like awarded by the president for his efforts what happened initially was that people thought he was like first they uh ignored him then they laughed at him then uh everybody then finally realized what he was up to and 22 years later he managed to cut the time from 55 uh the distance from 55 km to just 15 km bringing uh a whole new wave of prosperity uh to his village and changing the lives of uh thousands of his uh people in his village right now why did we just talk about Dash and a story right I think this is uh a sort of an analogy in in ad mying head in our head at least as we were thinking about uh what we hope to accomplish with this edition of eth India and as we think like I mean sure like um you can build all the cool apps on um ZK fhe and um all the stuff that's going around uh these days but what are we trying to build out here right um think about that for a minute think about what we saw earlier with the coinbase uh feature uh ad and also think about um yeah sorry also think about the fav of the Dragon Tiant for those of you who haven't don't don't know about the short story by Nick bom you should probably check it out we have a feature on it uh outside um in the hall and we have done a bit on it and it's something that's deeply entrenched into the ethereum EOS system and we thought it's like important uh right to share the message but as you go through through this the common theme here is what we are really trying to do uh is something different is to uh challenge the status quo and uh in our process uh to as we build along learn grow and uh uh build over this weekend uh just think about what we are here to do right uh we are here to build the impossible right and uh yeah I would just like to leave you with this thought and uh this is what we hope to achieve with eth India this is what uh death folio and eth Global uh had uh thought would be cool uh to uh help see through this year and that's why we put brought together eth India for you right and to discuss more about eth India and over to Kik right thank you I have a quicker sprad well the goal here for us is to have you think about how do you actually move mountains and this brings me to this final event of the Year by us I am super excited to announce that this is the world's biggest ethereum hackathon at this moment that's incredible we have over 2,000 attendees from all across the world 1715 of them are hackers from 27 different cities and 35 different countries we try to see where everybody was coming from and the best part about all this thing is that the goal becomes for us to get new Engineers into this to look into and see what's exciting about web 3 and 30% of these 2,000 people are existing web2 developers coming into web 3 that's awesome not only that 35 countries represented here and you can definitely see that massive massive massive set of cloud dots that's of course India I'm super excited to have all of you here and thank you so much for coming from all different cities and states across the country give yourself a massive Round of Applause we also have 230 ecosystem mentors here and 12 technical mentors who are going to be here 247 to help answer all of your questions and because this is not a conference there are exactly zero talks this weekend what we do have instead and what we already did finish is 22 workshops on how to use every single protocol you can think of and use that to learn and get ahead and even save yourself some time trying to understand how to build the things that you're excited about and to top it all off $250,000 is G being given away in prizes so to thank all of our amazing Partners who are making this possible let's start clapping for all of them and thanking all of our 28 incredible Partners so please thank 1in polygon fcoin arbitrum scroll air stack Alliance base cell chain link at there Foundation mantle Power Loom push safe the graph waku xdc coin dcx huddle lighthouse Met m mon okx MTP Z chain creso and Fidelity all these companies and Protocols are here this entire weekend making sure that you are not stuck doing something from scratch and you get to learn about a lot of these protocols and see what they're up to by talking to them at their boots so now let's talk about this weekend I'm going to keep this very quick I want all of you to know what the next important things are for you to keep in mind especially for your project submission so we're going to cover a few things the first one is just an agenda we're going to talk about the venue if you are still not familiar with it how you can get all the help you need for this weekend of course all the prizes we already kind of covered a lot of the workshops we'll tell you about how you could actually keep up with that if you're still looking for a team we're going to do a a session here to help you find more team members and the most important part is how judging Works before all of that let's talk about the internet do not use Wi-Fi hotspots we know that this happens every time and if you are stuck with not having great Wi-Fi it's because there's a Hotpot next to you interfering with those wavelengths and making that hard for you so to make that a less of a problem this time we're introducing a new system you can go to wi-fi. global.com and you now have to put in an access code that lets you credit your account with one Wi-Fi access code and one L code every table there in the back has an Ethernet connection you get to plug that directly in once you plug that in 30 seconds later a pop-up will open up and it'll ask you for your code you get your code by heading over to wi-fi. global.com and then your device is good to go then you can plug it in anywhere but you get to keep it to one device on Wi-Fi and one on land this will help make sure that we get to actually offer guaranteed service for the minimum speed requirements and it'll also prevent all the cluttering that happens especially on Sunday when 2,000 of you are going to be in this building demoing all of your projects if you run into any issues you can message anybody on the eth global team or the de folio team on Discord anywhere else find me will debug it but so far you can just easily use this thing by putting in your email now let's talk about security all of you should have a wristband and a batch this event is open 24/7 which means anybody can come in and out of this building the entire time from today until the end of Sunday so please make sure you have your wristband on you and if you lose it we are not going to be giving you a new one so do not cut it off if you cut it off we need to see the cut off one back things happen we understand but we are not going to let you in if you lose this B today or anytime this weekend also very simple rule the gates are going to be closed at the front if you don't have a wristband doesn't matter what time it is doesn't matter what you forgot in the building you cannot come in we're going to be very tight on security so please make sure you have your wristband and your badge and your photo ID on you at all times if we need to verify something additionally on top of all of that do not leave your stuff unattended again this is open 247 there's a lot of stuff here we want to make sure that you are mindful of your own belong belongings and you keep that with you at all times we won't be responsible for any lost items there is a lost and found box we have if you see something or somebody reports it we'll keep it and notify people but please be responsible for your own belongings lastly don't make a mess yes we're going to keep everything clean and do rounds but try to not leave stuff around whether it's food empty cups bottles whatever it is don't make it messy for everybody else try to take care of it there's a trash can at the end of every row just keep things tidy we have we want to leave this the same way we found it now let's get to the venue and activities there's two halls here as you may have figured the main one that you came in is the old Hall that's where registration was that's where food and beverage is that's where a few additional hacking stations are and you also have a play area and a lounge area with some games you can see all of that on that side where we are now is the new Hall that's where majority of the hacking is that's where the main stage is where I am on all of our partner boots are here all the workshops related things are here and on Sunday this is where all the demos are going to happen from the partner side so you get to see all of that also on the website but I just wanted to summarize this for you all together next up late night snacks there's there is more than dinner uh and we'll be serving late night snacks at late night from Midnight to 1:30 a.

m. in the old Hall so if you're still up and working on any of your projects you get to still enjoy some treats now let's talk about communication everything that we're going to be doing officially will be communicated on Discord on your de folio dashboard you get to see and connect Discord that means you will be authorized to access the E Global Discord you can also get there quickly by going to eth global.com Discord and see all the channels where you can get help you can talk to any of our partners meet other hackers and anything else that you want to ask us for support or we want to communicate to you will be there primarily that's where we'll be talking about all the announcements anything around any delays anything around some changes anything that happens that's where we communicate to you first and there's a dedicated channel for all of our partners and mentors so if you're stuck with some bug at 4: a.m. you can just message that Discord with your question and you can also find those mentors here in person at their table but we'll be able to monitor that and answer any of those questions for you and everything is officially going to be maintained on the website which means if something changes you can just go on the website eth india.

and see if that's still true if something changes on our end we'll update the website first and then we'll tell it to you on Discord e.co lastly you're in person talk to each other there's 2,000 of you a lot of you know about so many interesting things whether it's front end backend smart contract security anything you want to think about there's probably somebody in this room who has done it or knows something about it or probably invented it and you get to just shout out hey who needs help with this or how can I debuck this thing and chances are somebody will respond so please take advantage of meeting people in person this is why we do these in events in person because you get to see all the incredible people live now how does the hack Aon work officially hacking begins at 9 p.m. which is 10 minutes from now and you can officially start working on your code and that gives you 36 hours to hack you can work on your projects with up to five members if you have a team you don't need to necessarily have a team you are more than welcome to build your project on your own it's just a lot easier if there's multiple people doing things and making it nice and easy for you to do all that in a short amount of time you have 36 hours now and submissions are due at 9:00 a.m.

so 9:00 p.m. to 9:00 a.m. is the window the rules are very simple everything that you do as part of the submission must be done from scratch you cannot build on a pre-existing project of your own you cannot convert something you did before to this new thing you cannot add a feature to your s project that is not allowed it must be done from scratch a really important one which we're going to start disqualifying teams for if you see two large commits for your entire weekend with a 100 thousand lines which happens a lot instant disqualification you will not win a prize I am very serious about this thing you need to follow the G commits and incrementally publish code any large commits get insulin disqualified and this is going to be automated it's a simple API request from us we get you see how many commits there are and how many lines each commits has from the GitHub API we will start flagging them immediately so follow GitHub and get guidelines properly do not do large commits and if your team members are not listed on the dashboard you will not win that prize so make sure all of your team members are actually listed as team members so that each of them are qualifying for those prizes if you see a member who committed to the GitHub and they're not listed on the team you also get disqualified so please do not try to go around breaking those rules and just to clarify the most common question we get you are more than welcome to Fork off an existing open source project you don't have to code everything from scratch you want to pick some defi progam protocol from their GitHub repo which is open source Fork that add new features all that is allowed but you cannot build on your own personal projects which are not properly licensed or well done open source projects from the community and to summarize all the stuff around workshops 22 workshops happened today all of them were recorded all of them were live streamed you can just head over now to ethg global.

TV and watch all of them on demand so if you missed a workshop or you wanted to remember what somebody said or what command they typed you can just go to E global .tv go to that video press pause zoom in and watch it at your own pace or just go find that speaker who is also in the building right now and we'll be there for the whole weekend and ask them any questions so all that is there for you on demand do take advantage of all of it and again if there's anything else that I miss you get to ask de folio and the eth global team for any of those clarifications we're here 247 we're going to be there to make sure that we don't run into any problems let's talk about mentorship if you need help live for any of the things around this hackathon you get to find all of our amazing mentors you can find them by looking for people in these orange jackets they're going to be wearing this thing the entire time so if you need help chances are this person is not a construction worker they're here to help you with your code so do take advantage of all of our amazing mentors and you can also see them on your dashboards with a list of who the mentors are now the most important part judging judging is going to begin on Sunday when the submissions are due at 9:00 a.m. December 10th that is 36 hours and 8 minutes from now this is what judging will look like when you submit your project you will be given a choice you can go to the main judging or partner only judging both of these things happen at the same time from 9:30 a.m.

to 1:30 p.m. here's how these two are different if you want to be part of the main judging you you get to be eligible for being the top 10 projects from this hackathon but you also get to also be qualified for all of our partner prizes if you want to just do partner judging you don't get to be part of the top 10 projects but you are equally part of the partner judging the thing you have to keep in mind is that all these things are happening at the same time and you have to go demo to the main judges and the partners for your projects which means you have now a couple choices to make the one that is probably more important is don't try to select and try to win 10 prizes by doing 10 things and fitting them into a single project where it may not make sense because then you have to go present to 10 teams from our partners in that same window and if you click the main judging you have to do 11 times and you are not going to make that work so don't be greedy pick a couple of partner prizes that you think actually help you solve a problem that you're excited about out and make it easy for yourself and also for your chances of making something really good of course this keeps in mind that you have to be responsible for telling us that you wanted to win some prize so if you don't select the prize there's no way that any of us would know that you wanted to win that prize so if you missed that specifying this thing and you can go to the table or table's full or you didn't get a chance to demo it or you like oh why did I not get this prize is because neither we or the partners knew that they were supposed to judge you so don't forget to do that all that is happening on your dashboard and in parallel and the key thing here is all of this happens first come first serve which means you don't have to assign for a slot if you realize that this other table is less full than the the other one you can go to the other partner first if you realize that you want to do two demos of the partner first and then go to the main judging you can do that you can just say I'm going to go join the main judging line then come back to Partners all that is allowed we want to make sure it's as fluid as possible so the second you get to the front of the line you are up just so be ready to demo as soon as you're there now quick questions or comments on how judging works you will have seven minutes each four minutes for a video and 3 minutes for Q&A we recommend that you also record a quick video of your submission so that if something goes wrong if Local Host fails if the the gas transaction cost goes up and it's going to take two minutes now to to finish the transaction you don't run into those things live you can always fall back to a video we do want you to live demo so we can make sure that you actually did code it and it's not fake but you get to record a backup so we recommend that but also it's going to take you at least 30 minutes to fill out the form so don't try to do listing 5 minutes before 9:00 a.m. it's not going to work out in your favor start looking at the questions that you have to answer for the judging form start looking at how you want to classify and clarify all these things just look at the form before Sunday so you know what the answers are and then you can put all that in but make sure you put all those details and to summarize all of this make the submission good if we want to know what's going on we want to be able to just see that from your project page we can see what your code does we can understand why you built it we have good descriptions we can see how you use a different protocol make it easier for us to understand otherwise we can only look at and judge what we see and if you don't see a lot if you see just Brad broken screenshots it only hurts you we don't want that so make it easy for us to help you win some amazing prizes and just even highlight really amazing project it's not just about prizes that's it on the itics let's also remind all of you that this is an inperson event we have a code of conduct and some rules which means anything I talked about disqualification or how to behave here or anywhere else all that is on eth global.

com rules I'll summarize it for you please be respectful for everybody here any sort of harassment in any form will not be tolerated you can report this to any one of us and we'll take immediate action and the most important part here is anything that you build is owned by you no partner neither e Global nor that folio has any rights to to your work so if you build something with your team all team members equally have full intellectual property rights to your projects so you get to do whatever you want this with this project after Sunday anything else I miss just come find me I've been talking a lot I'm sure you're tired of it so I'm going to stop talking and this is the time where I'm going to have someone else come in and talk so please join me in welcoming James and Juan from protocol labs and filecoin to tell you more about who they are why they're excited to be in the space and what you can learn about both of their protocols welcome thank you hello Bangalore great to see so many of you here for eth India my name is James I work on Builders funnel programming at protocol labs and I'm here with someone that many of you will know Quan Benet who is the founder of protocol labs and the creator of ips fcoin lip and many more Technologies and that's my moment just to embarrass him so everyone is now suitably comfortable so why are we here well protocol Labs is an innovation Network that accelerates research and development we predominantly do this through driving breakthroughs in Computing over the past 10 years we have built a number of category leading ecosystem and protocols including ipfs and this is a super exciting week because it was 10 years ago since Juan made the first ever ipfs commit which is a super exciting moment that deserves a round of everyone that's amazing persistence over such a long time so thank you um we also built fcoin that many of you will know as the world's largest decentralized storage Network Li PTP which is a networking layer on top of which ethereum 2.0 and other networks are built and so why are we here well we want you to be really creative and use a number of new technologies that we have at protocol lab as well as many of our existing protocols to build unique projects over the next 36 hours you can use filecoin you can use the filecoin virtual machine which brings smart contract programmability to fcoin and unlock Super new and exciting use cases like programmable storage decentralized compute and data DS you can use IPC and that is exactly why Juan is here today he's going to tell you about why the interplanetary consensus is an exciting new technology that unlocks a whole new paradigm of projects we have nft storage which is a oneclick solution to ipfs and fcoin we have lighthouse we have Saturn is a decentralized CDN and so much more so we have $20,000 Bounty up for everybody here to win from the hackathon and if you're like me in the morning I wake up and I think what would King Khan do well he would absolutely apply for one of our grand prizes we have three of them they're $3,000 each and they also come with bespoke office hours with Juan and many of the PO leadership team to support you on your journey we also have a poll prize of $11,000 which will grant to up to 15 teams you can look at this in slow time if you scan the QR code on the rightand side of the screen we want you to build Innovative apps and Technologies you can use one or many of the Technologies I've spoken about today there's really exciting new challenge statements things we're excited about across programmatic storage data Dows stage storage integration Defi and one quick not on defi filecoin was outside of I think the top 100 layer ones by tvl uh just a few months ago and now we're one of the top 25 lay ones across all of crypto which is super exciting so what is the next Paradigm of protocols that you can build to unlock that and Juan is now going to tell you about super exciting new piece of technology that we have here today to all of you to tryan so one of the things that we're excited about is to enable the hackers here to try their hands with some new tech breakthroughs uh these are not for the faint of heart uh the these will require a lot of experimentation there will be dragons uh and you can look at two sides one is you can take the fvm and add new run times so think of other VMS that you could plug into the fvm to then run something interesting um or you can build some very large scale applications with IPC uh the the new runtime side of FM comes in because FM is this hypervisor uh VM that enables you to plug in these other systems and then you can use IPC to run those things uh note here that the VMS are not just blockchain VMS you could do things with Docker or Cloud workers or frer Cracker it would be amazing to see Linux buing up in a blockchain like wouldn't that be wouldn't that be sweet uh and so yeah excited to see what people uh will build uh it would be really cool to see games for example entire like based games running in subnets so yeah right you fantastic thank you very much uh 20 seconds just to say we have built out um a set of structures at protocol lab called the Builder funnel which support you at every single step of your entrepreneurial Journey so while you might be here experimenting with hackathons we have grants accelerators investment and then a whole network that supports you on that journey and we have one very quick exciting announcement that is going to tell you about as well uh so I know that a lot of people here uh contribute to open source when I was here last year many people um came up to me asking about how they could get started with lipop or contributing to ipfs or filecoin um and one of the super exciting things that were shipping this year um is the pl Dev Guild uh which will be a support program with mentorship um office hours um and funding for people wanting to develop uh open source uh so if you're interested in that uh scan we'll talk more about it later uh in the hack Fun yep and it's Laing in Indian India first India devs only so come and Vibe with us at the booth we be spinning the deck spinning up IPC suets and so much more thank you everybody super excited to see you and good luck hackers thank you sorry about took Way Long your amazing all right well next up I want to bring on Blake and sanep from polygon please give them a big round of applause hello hello uh I have a special guest that I brought with me goes by Sandy do we have another microphone thank you um great well let's get into it okay so just wanted to go into this really quickly this QR code is for the polygon partner channel in the Discord so if you have any questions answered at any time feel free to scan this QR code chat with us we have a bunch of people here on site um and it's a best way to get your an your questions answered um we're really excited to be here we have $20,000 up for grabs um we have five different bounties so I'm going to go ahead and get into them right away so the first one best use of zkm this is more of a general for that 30% of people who are new to this space from web 2 or whatever this is a really good bounty to get at we've got enough for four different teams so we're going to split up the $5,000 that way um again this is going to be a really General one we want to see you guys get creative we want to see some uh different Spa different uh applications that um are on the ZK evm uh test net next um defi challenge so this is just deploy a defi application on the uh ZK evm test net after that use a polygon tool this is a pretty straightforward one um we'll uh what was I going to say sorry um I had some notes here that I wanted to it so we um we know that can be difficult to sort of uh um get queries from the blockchain data so the chain indexer is going to be the best way to do this if you have any more questions I'm going to continue to move through this one dap Launchpad this is a new one I need to read this one U dap Launchpad is a CL CLI tool to build a Dap on the polygon and ZK evm compatible chains including both front and smart contract functionalities we have two different teams that could win up to $500 and um we're excited to see you guys uh get into this one next uh the best use of polygon ID if you haven't seen this video of Hudson it's amazing um but this one is going to be um use polygon ID to represent identity based information as verifiable credentials in your daps so that users can prove access rights to DAP features without giving up their private data and next I'll hand it off to sand deep yeah hello everyone uh these are uh some really cool bounties uh but many of you guys might have heard me saying that you know from this year onwards we have started like a you know more concerted efforts in terms of uh getting more protocol Builders from India protocol and middleware Builders from India so a lot of B bounties are here for you know people who are doing who are attending their first hackathon or are just getting started in web 3 so you have some standard like you know app level bounties to uh discuss here but then you also have uh like use a polygon tool and in that system on in that Bounty I want you guys to think really creative and go into let's say the ZK tools that polygon has built especially plony 2 which is like the fastest uh Library uh in the whole industry uh for for the proof aggregation so come up with some really cool uh you know ideas around the proof aggregation and how you can enable let's say privacy based defi or privacy based nfts and so many other things like that you can do uh so in the in the tool like this is especially like use use a polygon Tool uh thing and I also want people to look into pill pill is a you know our polygon uh polinomial implementation language where you can you know write constraints for ZK based systems so if any of any one of you wants to dabble into the ZK based constraints and come up with really cool things do that also and especially this dab Launchpad also think that how you can do or how you can use ZK to have like really creative things like let's say uh you know can you if the if a Dap is launching can you have a private Dutch auction for them or can you have uh can you create a system uh you know wherein uh maybe like even like a simple exchange or a decks where the the the trades are hidden like you know so there is some privacy use cases uh o over there and then using these tools you can also like you know like for example pill somebody can actually write a simple hello Word program and using pill you can create a ZK PR for that hello world program right which is a very small VM like this hello world program will will become like a very small code that you are building the proof for uh and because the time is very low but then you can extend that later on some of you can actually build a order Book Exchange order book decks which is fully onchain and is being proven back to ethereum so those kind of Hardcore ZK and protocol level stuff especially with polygon cdk you you're going to have next year we'll have like probably 50 or 100 polygon chains so how can you have like Atomic transactions across chains using the power of ZK and things like that so Explore More on that we would be more more and more interested in seeing Indian developers looking into those hardcore uh you know zero knowledge based and uh other uh like uh middleware and uh you know infrastructure tooling thanks everyone awesome it's like a bring your founder to workday all right next up I want to bring on Sasha from 1 in please give her a massive Round of Applause hello hello Namo benalu right GM hackers I'm glad to be here and uh first touch uh raise your hands those 30% who are at the batter hackaton for the first time I want to see you guys hello hello hello thank you NGM hackers OG's I'm glad to see you again and again and for our very very new hackers I want to share the story of one inch one inch had been built at that in in 2019 and the hakon in New York and it wasn't actually the first hakon for our for our Founders they have been here like in 2018 and they tried and tried and tried and I want to actually show you where is our unicorn now now now we we are covering 7 % of the aggregation market share we're having almost four $400 billion doll in total volume but my favorite part is we have all more than 150 contributors around the globe and our team is also here we are in the booth if you have any questions come join us but Rome wasn't built any day and I want to invite you to start building on 1-in bounties and where is what is 1in bounties so first Bounty is a fusion API we released our very new me protected gasless um swap API which is also covering the liquidity not only dexes but Sexes and uh please be be very creative and try to implement or even uh show us your case on implementation second Bounty is a token plugins so we release token plugins in ECC in Paris and we want to actually invite you to maybe be again creative and find your ways on token plugins implementation uh third one so our deil tenner called this uh Dev portal is a web bridge between Web Two developers and web 3 developers so if you are Web Two developer go to one-inch doev check our dogs and try to build something with our 11 different apis two seconds to scan the Coke and check to and check the the documentation and let's build to change and innovate looking forward thank you so much guys thank you all right next up is Daniel from scroll please give Daniel a big round of applause hello everyone I am Daniel I lead the devl team at scroll if you are unfamiliar with scroll we are a layer 2 Network for scaling ethereum using zero knowledge proofs there's a lot of jargon here if you're part of the 30 % that are new to web 3 welcome we're making something that looks and feels just like ethereum but it's faster cheaper and maintains the security of ethereum all right so going to leave keep this real brief we want you to focus on building so we don't have a lot of Hoops to jump through to get the scroll bounties we want to make it easy you can copy paste deploy your code and anything you can do on ethereum you can do on scroll but again faster cheaper with higher throughput to get our prize you're going to need to acquire some scroll saoa eth change your RPC URL and deploy and then verify your contracts that's all it takes and that's a fun piece of news but we have some prizes that you can win if you do those steps right if you do that if you Deploy on scroll you'll be part of the $7,000 pool prize which you'll share amongst every other project that deploys you 30% that are new to web 3 get this prize we also have 10 winners of $1,000 for our best on scroll prize build something fun creative weird technically deep something that matters to you we want to see what you're building see what you're passionate about uh and come show it to us on Sunday win one of these prizes I'm going to leave this hacker telegram group QR code up here for as long as possible we also have it available at our booth if you go here there is a faucet bot you can get some scir sapoia eth and you can get started and get deployed super fast on the scroll sapoia test net uh we also have links to our hacking cheat sheet so you can see all the other projects that are already deployed on scr sapoia including partner projects that also have prize money up for grabs so come show us what you're building thanks so much and good hacking thank you and next up and our last partner note for today is Patrick from arbitrum Foundation please give Patrick a big round of applause oh thank you very much um hi everyone also I just want to do one more round of applause to everyone in this room thanks so much for coming to this hackathon you know it's like a huge effort to to make it here so I maybe one last question who's used arbitrum before raise your hand if you're an arban AR that's awesome so if you haven't used it please play with the technology this weekend as a roll up Layer Two skillability solution and on that the goal for our bounties are sort of in the spirit of this hackathon we want everyone here to build something interesting to them your project doesn't have to be the next big startup your project just has to be something that you find interesting and then you come to the booth and you convince us why it's interesting so you know build the most original project use the best technology build a cool library or hopefully you stylist you know if you're a rush developer come check out stylist you might find that really awesome and cool but finally when I thought about this announcement you know sort of this one opportunity to S A massis to everyone here I really want to highlight why should we care about crypto smart contracts blockchains or even rops like why do we care about this technology or this entire field and in my mind it's because the whole point of crypto is To Build A Better Tax stack a tax stack that protects the the user from the system operator it can protect your funds and protect your interactions with others and if you can build a system that ultimately protects the user and empowers the user as we just saw with that coin Bas adver before it can empower the individual so now raise your hand if you want to work or you do work at a web3 company today like who works in web 3 and crypto and who wants to work in web3 and crypto hopefully everyone in the room hopefully if we get this technology right it will Empower everyone in this room to join the global Community contribute your talents and earn a living for doing so you can offer me a service I can pay you for the service I don't have to trust you and you don't have to trust me as long as we can trust the service itself or sorry we can trust the system then we can transact and interact so you can truly join the global community and that's why this hackathon these projects just web 3 for me it's not a Pepsi or a Coke there's not one project that's better than the other project our goal is to work as a collective to build a tax stack that helps everyone in this room so we Empower everyone towards the betterment of everyone at this hackathon so with that in mind build something cool this weekend and try to convince as why it's cool I'm very excited to meet everyone at this hackathon GG guys cool thank you those were our five amazing partners and next up I want to bring on two another incredible Founders to have a conversation around some things that I feel like are worth talking about we're not going to cover any of the stuff around the companies necessarily or what their protocols is doing we going to go a lot more back in time and talk about how they got here so please join me in welcoming Juan banet and sandep nwal from protocol labs and polygon the best juz we've already seen you on stage so welcome back um as we were kind of thinking about what to cover today I think one thing that sort of resonated for me particularly was let's kind of talk more about who you are as as individuals instead of just what you do so my kind of first question is to to you Juan um tell us about how you got into computer science and what kind of got you excited about being in Tech yeah so I I grew up in Mexico I was born there and when I was uh a kid I used to play a lot of games uh lot of video game different kind console games PC games and so on and I started playing online games uh like you know Warcraft 2 and Starcraft and so on and I started getting into guilds and then guilds needed a website so then I started figured out like how hard could this be I'll just figure out how to uh make things and that for me was a big rabbit hole that led me to want to figure out how to program computers and whatnot so I got into computers pretty early um but it wasn't until College when I really uh Dove really deep into computer science um and gone into uh digal systems networking Ai and a bunch of other things um but kind of all along the way um I I've been extremely curious and so I've always wanted to learn an enormous amount so though I've like um focused on computer science throughout that entire period um I learned a lot about many other fields that ended up being really useful and lots of things that I bu build today how how did that turn into you wanting to be a Founder yeah gu a good question um or maybe walk us back through protocol Labs is not your first startup yeah what happened before this yeah so I kind of going through college um there was always this inbuilt so so I went to college and at stford and there there's a very strong culture of um it's a heart of silic Valley and so it's a strong culture of building new technology companies using new technology companies to change the world um i' grown up in a lot of stories from like Steve Jobs and others who um had a bunch of ideas and were able to turn those into products uh and then deploy them into the world and through that dramatically changed how how the world worked and I always aspired to that like that was extremely inspirational um and and exciting as a great way to uh make a big impact in the world and so I think you know between college and pl um I first started a um video game company so the I this was actually out of a hackathon so I did a weeklong hackathon and came up with a um some friends and I came up with a monster catcher game a location oriented mobile uh phone this was way before um Pokemon go so we uh and we decided to then turn that into a company and so we built it we shipped it to the World um we eventually scaled it to I think 100,000 users um in in the high high points um and then from there I went to a second company um where we wanted to map all of human knowledge and try to make it easy for you to learn so think of like a package manager for your mind uh saying hey I want to learn machine learning how do I you know Trace all of the concepts that I need to learn and kind of give it feed them to me uh that was way harder and way uh riskier as the startup we ended up not being able to raise money we um you know super failed in terms of um you know ended up like spending all our money and uh ended up super broke uh before PL and um yeah kind of after that startup um I started uh contributing to open source in a bunch of projects exploring a bunch of ideas um into what eventually led to ipfs um and from there uh got to filecoin and after that that coupled together into something that was actually worthy of of a startup um and that's when I started uh protocol ABS I um went into and and YC and kind of that was the beginning I definely want to cover a bunch of stuff y but maybe the same question to you cep what were you doing before madic um before uh madic I uh you know I had a startup just before that I had a blockchain startup only and I was just getting into it so I wanted to learn more by doing Hands-On projects so it kind of became a small Services project for like Services startup for like 68 months before you know I could have gone and and started uh something on my own and before that I had a B2B e-commerce startup uh which was more for uh these white color not like gray color uh you know services but white color um you know Services which a Marketplace for those Services is kind of like the thought process was to build Alibaba for India but for services Alibaba is for manufacturing can we build Alibaba for India because India is Services Hub so that kind of thing was there um and uh you know before that also I had done like multiple startups uh you know from Tech to uh completely non- Tech like you know even I uh you know played a founding role in a honeybee like very long back like a honeybee extraction or like honey business even uh uh you know one time during that my second year of college I even did like a gym related startup like you know Gym and Fitness related startup where you can you know can we open like all of these colleges in India can they have their own like they all have small gyms but nobody operates them those kind of things so I did multiple like part-time startup before you know doing my full-time startup only in 201617 oh that that's amazing I I feel like I learned all these things live just now um well you two have similar stories in the sense that you kind of started these companies in a time where not only people were not willing to fun things but also they didn't know what it was uh and and that's a that's a strange kind of echo of of like a a sort of valley of uncertainty that both of you have to go through I want going to start this off by by asking you one when did you apply to Y combinator what was it like what made you apply to it and especially being a solo founder kind of how did that Journey look like about a decade ago now that's a good question so um I'd always been very interested in extremely deep tech companies so trying to build startups that um really built some intense technology that was truly making the world better and um then kind of deploy that into the world and at the time uh you know before that um YC was kind of primarily known for a lot of uh SAS companies and there were a number of them that were very good like you know things like stripe and and so on but a lot kind of like the average YC company at the time was not um super exciting in that sense uh but right around that time um some Alman had uh just started as the president of YC and was now leading um the program and he put out a request for startups that was very inspiring um so this had you know energy and transportation and um a whole bunch of like really serious hard problems and that's the RFS that I responded to and made me really want to go to to YC and so I decided to apply um got in and was part of like pretty amazing cohort um if I remember correctly this also had um I think boom suic which is a a aerosonic um supersonic planes um retti which was Quan computers and um uh helon which is doing like Fusion so I think there were a bunch of like extremely uh compelling technology companies that were all part of the same uh YC batch and that that's kind kind of why I Amed up applying and and going going through it how uh how was uh fundraising as a as an Indian founder six years ago yeah I mean me like I'm I'm just listening to you know Yuan the kind of uh you know deep Tech things he was doing very early on um you know I would say and a lot of people will resonate with me that you know doing these things from India is like actually little bit hard because you know you need you you can do some things in some of the the universities like only in some iits maybe you know build a racing car or whatever like those kind of startups but generally doing deep Tech like requires some level of investment which in India that that risk capital is not available in that much plenty and especially that risk Capital when it's many times nonprofit like people don't realize that how much you know public good happens or these new technologies and breakthroughs happen in us uh due to these public uh Goods fund so for me obviously you know uh you know all of the Indian and many Indian Founders will also relate to me for us is basically trying to get something which can build a survivable business so that your family is not constantly sitting on your head that why don't you have a job and you know when will you make money and then you know all those things so you need to have the survival thing first and obviously like when we started at that point in time and we were doing uh polygon it was like you know many investors uh in Crypt space big one ones like you know he point blank told me that uh you know like even like somebody asked that which are the bigger kind of these protocol or deep tech companies that have come out of India and actually you can only name one or two like you know tech companies Tech Brands which are actually on a global scale like fresh desk is one Zoho and uh maybe like one is this Postman I think like three four companies are there uh but then no consumer companies there none of these companies are into deep Tech like Zoho and all that are also not deep Tech these are like email fresh desk is like you know your services uh customer service desk and things like that so it it was definitely extremely hard to convince like tier one VCS that such kind of things can be built uh from Indian uh like fully like Indian Founders um and then secondly um you know especially on the blockchain side before us there were two three projects which had raised these Ico money and then you know those like completely scams so you know everybody like so it's super hard we could only raise like 160k that to from multiple like 20 30 50k 20 30 50k that's wild so we we see companies raising hundreds of millions without a product sometimes and madx started with $160,000 yeah yeah yeah and and and actually we could have at one point in time we won some influencer came to India and that was the only plugin from India into the main cryptos listing and we won their uh competition and we could have at that point time we could have immediately raised like you know5 $18 million but you know we decided that you know like later on some people told that you know taking the money from influencers and all that is not a long-term thing and we wanted to build a longterm thing and then later on WE regretted that that we should have taken that money because because of that you know issue with the funds we were it was so difficult for us like many times we came to a place where we had 2 months of Runway right and first time the E India came like you know we sponsored with I think uh I think 2 or 3K and I know how I've given those 2K for the first e India one I also know and uh and I remember and six years ago or five years ago when we did eth India it was a I mean we talk about this space now there's 2,000 people here the first eth India was 280 people yeah and uh and that was all the people we could find like it's not even like it wasn't popular it was all of crypto and ethereum community in India people came from everywhere and uh and I was I remember you at njd just giving out t-shirts at a small Booth talking about this is madic network and five other companies and for the longest for the longest of time I have carried all the polygon standies and all that and trying to put and you guys been all the events like because we could only pay the smaller this thing right and you're like no no no you can't do it but we are still like I'm sneaking some standies like people see developers see polygon there right is like it is really hard journey like you know sometimes it makes you emotional also so uh but yeah like you know somehow like I was seeing $20,000 Bounty like that was the that was the budget for like one full quarter yeah like that's wild time I'm still stuck on $160,000 maybe maybe to contrast uh tell me about your fundraising Journey ju so yeah the last one was pretty good but uh now the the very beginning was kind of like that the when um you know we had like the YC funding which was 120k at the time and then there was this very long slog of um fundraising with safes and it took me something like four to five months to close uh 600 gate uh and so you know a lot of you know I see a lot of startups today raising 300 500 a million dollars and being like Oh man it's just so hard like guys come on this is like dramatically easier than than what it used to be and even in in that period it was way better than like airbm rbnb got started with like almost no money um and so on and then we stretched that um I think 600 700k all the way to 2016 so it was like two years of work um and then we raised I think one round at $3 million um and then later uh in 2017 um then the the F token sale which then that was a very successful um fun race and we were part of like the the um large Ico Boom at the time uh the really interesting thing about Ico is that um I think they were an extremely powerful um technique to um connect a lot of the the people that were going to actually benefit from the technology with the the provisioning and building of that technology in the first place which is kind of gone now and now a lot of the tech is being just funded by VCS and so we end up with a lot of VCS owning most of the Technologies um instead of a lot of the people that were that um were initially kind of aiming to build them and it's also kind of like a much harder um when you think about like the transaction structure of of a of a an Ico or a token sale um it is a because it's a much more public oriented thing um it's much easier to find the set of people that actually care about the same technology now of course there were a bunch of scams towards the end and that was a really huge problem um and so I think like there's there's probably an opening here for some someone somewhat there to to build a dramatically better version of of that kind of fundraising structure um figure out how to solve the the scam problem figure out how to create a an environment um that makes sure that there is no um you know Terrible Bad uh projects or or bad scams and this might be a lot about you know building things like you know think of like the Twitter Community notes type alerts or maybe kind of like metamask when it shows you like don't go to this website this try and steal your money um we could create a commun community oriented way of figuring out what is or isn't a a legit project um and and you know think of like analysis For What could could potentially be um a successful thing and that could end up building a dramatically better fundraising type of uh system um but yeah I think like today uh it's kind of like a we've sort of gone back away from crypto into more traditional silicon uh Silicon Valley VC type um models and I think that's a big um negative I think we would be in a much better place if we had like normal Crypton native fundraising structures amazing um this reminds me of very fun fun story like you know first time when uh de folio team like Shakti and team and God bless him shaki is the founder of De folio he when he when we first heard that eth India is happening so we wrote him a mail that you know we also want to sponsor and this time was the Ico Mania so he says that I think the the biggest sponsorship was like I think uh 20K or something and we said that we are the only company serious company building from India on ethereum so you know you should give us the good sponsorship and we can only sponsor 2 3K like 2.5k or something like that and he's and he's thinking that you know like we Indians like all of the Indians we and this it's okay to admit that we have some sort of inferiority complex that's what British did to us so so he's thinking that I'm undermining him because he's an Indian company and he's saying that bro do you know that how much like you know anr was chatting to him and he says do you know that how much these hackathons cost and how much everyone else is funding how can you even expect expect 2K funding on this and all that and then arak then started thinking that he's undermining us as an Indian company so both of them are thinking like oh you you're the and then I had to step in like I was like no no wait wait wait bro because there are only two teams in India who's working on ethereum and we should not fight so let's figure out something so we somehow we able to figure out something yeah and we are since then like death folio team big shout out to the whole team here like we have a very with them AB they're incredible to work with uh maybe I guess speaking of similar kind of things how did you find about ethereum Juan so uh funny story actually so I used to run a group house in paloo and um had a lot of like pretty um amazing people there and one of uh a friend used to crash there um and one day he was like Hey you could actually bring um one of my friends to crash with me and that friend was mallic uh and at the time he was going around um uh pitching Bitcoin colored coins and so on so I got toic then and I was already working on ipfs and kind of like the beginnings of fcoin I think it was like the second time uh built a pretty good friendship with metalic and uh I think it was the second time that he came to visit us that then he was like now talking about ethereum um and yeah that was pretty pretty cool nice you got any other crazy stories like I met him first time in 2019 uh eth New York and I like by that time like we had I think we had done binance IO and all that and we were doing a lot of work in for for ethereum community in India and all that and I went straight up to him and I said vitalik like you know because because he he talks about like you know plasma group and this and that and I said withal like we are having a hard time because ethereum Community uh like that was we were still not visible so I told him like vitalik like and this is the first time I'm meeting him and first thing I told him that vitalik we are doing so much work for ethereum in India and all that and you should talk about her sometime and all that vitalik thought that this guy is some scammer was asking him to shill his coin on Twitter and you know I think like in my mind that was the reason vitalik never spoke about polygon till like we got like 500 applications and poly Market really blew up during the Trump election or something like that on yeah the the Trump election I think not Joe Biden election last election then one time he tweeted about this that there's this poly Market application which is on polyon but before that we used to be so like you know you know kind of frustrated inside that why italic de SP speaks about that we have the biggest number of applications so that was like a very crazy interaction with him that's uh it's it's one of the many stories I know that looked like this yes yes yes yes yes well well you said something super interesting cep you kind of said it how how tough it was back then and and you wish you had more Capital to kind of help kind of get to the product um are there any other times you want to share about where you've kind of thought about giving up or or not doing this giving up uh yeah I mean I'm not sure like I ever came close to giving up you know pivoting things sure but giving up uh I don't think like you know that has happened God like you know with God's gra has not happened till yet it might happen in future but you know who knows uh crypto is a very brutal uh industry and actually like you know in the previous cycle like whoever were the top projects like you know they kind of keep going away right we talk about like I mean it affects everybody's mental health a lot especially as Founders I love for both of you to kind of share like how how has your psyche been with all this yeah I mean uh yeah so I mean I was saying that it is super hard but but basically like about giving up I think like the founders breed is also a very stubborn breed right like you know we are generally very stubborn like you know once and I think it almost kind of like they call it a distortion field like maybe what you are saying 90% of the people think that you know this is not going to happen at all BR like he that same happens with me like when I was starting polygon and that time like nobody knows about this and all that and there was an accountant and she was asking a pretty decent amount for doing the accounting and everything it was very hard to find anybody accountant for crypto and I said this protocol is going to become one of the biggest protocol in the world like you know it should be really great you will be rewarded take the tokens around that and she's like you know in her mind she thought that you know like every Ico scammer is saying the same thing right so uh it is it is super hard but I think we end up creating a distortion field which sometimes works like I would not say like even the failed startups also have the same kind of you know confidence and as somebody said that you know you need to have that sort of level thinking as a founder and and we just hear about that it didn't go that the right way but without that you can't really start it you shouldn't start a company and those ideas also look stupid but I think you said it or somebody else to said it which is a very also very funny thing he said all crazy ideas look stupid at when they are starting but all stupid ideas also look stupid when they starting yes that's right that's crazy I I mean I think I completely agree with you I think there is a a massive level of conviction that you get as a Founder uh and that you need in order to succeed um you usually you you better be right right like you you don't want to be have a massive level of conviction or something that is like totally not going to work out um and yeah this question of like when exactly to give up on something is really difficult there are definitely a lot of zombiie start startups where they're just chipping away and plugging at it and it's just brutal and eventually it's just kind of it Fizzles out um I did give up once uh building Athena the startup the startup in between a game and and and pl um and we gave up I gave up like two years in but I had already been thinking about the idea like maybe three or four years before um and so for me that was like a super brutal um moment of like um just having no good way of making it work um and eventually kind of like being open to uh trying new things I was pretty burnt out so it took me like three to three to four months to like um recover in terms of being able to like now build new things and so on in an excited way right like definitely could like build random things and so on but it was like a super brutal um thing in between so I think you know many Founders out there kind of go go through that I think for PL kind of uh by that point I had learned an enormous amount about how to build things and how to how to start things and um and and so on um I think nowadays when I think about projects and think think about um starting things I I do a lot of like you thinking through what is going to be fundamentally Difficult about this when is the when's the right time for this um and though you might not like give up on something now like you can kind of see when something has um maybe not gotten the right adoption and you can reason about like why hasn't that been the case and um does it make sense to continue with the same level of energy or do you need to wait like sometimes um you have the right idea or the right project and you have the wrong timing like something might be too early um and there like it you you might be better off by going to do something else and then returning um or if you're going to do it then pursue it in kind of like a low burn sort of way where um you can figure it out and and develop it but not expect like the market or the rest of the world to understand where you're coming from I think once you become when you start founding things and starting things um you learn to look way ahead of where everybody else is thinking and you you start coming up with tons of ideas that are new and different and kind of further out in the curve um and so you have to get really good at selecting which are the ones that are going to be successful in the short to medium term um because if even if something's going to be very successful long term um starting it now might not be the right the right choice um yeah but I didn't I thought that you were thinking you asked me that you wanted was there a time where you wanted to give up on polygon but in the previous like yeah like I mean there have been like startups where I give up and one of the important learning and that's why like I brought it up like you know which I want to share with everyone is that I think the giving up moment comes as a Founder when you like for me it is like when I start feeling that I am not all in on this thing like when you are actually building something and you truly believe in it even many times consciously you don't really know like why I believe in this but you still believe in it until the time you are believing in it you are kind of Allin and it is so hard like this entrepreneur so hard then it becomes your responsibility to make that world happen yeah yeah and if you are not all in it's it's you know you kind of living a dual life and that becomes super depressing because you are still working 10 12 hours a day but you don't really want to work right and that was my learning like the day I realize I'm doing something and I'm not all in on this I'm trying to find other things like what should I do this that and the side then it's kind of game over then it's just like either you can have a slow death or you can have a fast death and I in in my previous startup I initially chose slow death but then once I realize this is slow death then I did Fast death um I I do want to kind of wrap things up but maybe one question before all of that is given kind of the success both of your protocols have had um and the scale you've kind of gone to now how does it feel like in terms of like how is your day changed how do you kind of operate now at this scale you got now hundreds of employees thousands of community members that are doing all these things in in the network um how do you kind of operate how has that changed how you kind of run the company or the protocol um yeah like I mean if if especially when you are building stuff like people think like we also used to think when we were building the product and we thought that this is the hardest time like you know once the product is out than life will be easy then when the product is out you realize that was the honeymoon period like the real real stress starts now but now the product is out like before that you are just selling the idea to everyone right but now it's out there in public and you know now people want like what is the result is it selling is are people adopting it or not so that becomes very painful and then you know especially if you are you know fortunate like us and I think that luck and timing and so many things play a big role in this and you know like I have no kind of No Illusion that you know I did something which happened something here it's like so much is dependent on timing and all those things and and then when you when we scaled at that level like one thing I realized and you know a lot of people like I'm I'm speaking here because a lot of Indian Founders might be here and we all like kind of have the same cultural things and I think like the worst the the most important thing I now have learned is that I never learned to rest like I had a kid like recently like he's 20 months old and people keep asking what will you teach him and I'm like you know apart from like making him a good human being and he should have some capabilities I would actually teach him to learn to take deliberate rest right my problem has been that you know when this scill and I am like workoholic I'm like always plugged in I I am never able to uh you know in fact I'm like just now from tomorrow I'm going for a vacation and this will be the first time in six years of my like Journey with polygon that I will first time I would try to switch off and everybody's making fun of me in the company when I post the message I want to see how that goes I'm people are like yeah just message you randomly in the next week and see if you reply yeah yeah yeah you should test it out because everybody is like like bro we are going to message uh you know discuss with you tomorrow on something on the message you got to get your team to kick you off of slack yeah exactly like all I need to drop my phone maybe here and uh you know uh don't even take it there and take that burner black phone which is for emergency thing so you know but so it's very important once you reach that scale at that scale it's this people who are able to rest they are able to you know do play a better role in doing the marathon cuz otherwise like always I'm like always anxious always something is and also like thinking long term like uh like you know Steve Jobs recently like his one of his tips Al become viral is that whenever he sees a problem like even now I have this tendency to get in and try to solve that problem and what s just says is that you know beyond a certain time like if he sees a problem somewhere he will not try to jump in and solve it he will try to see which team member is doing it try to grow him or like maybe you know for him outright fire also but like you know try to grow the team member or the role who is running and solve that otherwise you are always stuck and this is like you know if you ask me one of the like the the the worst thing that I would have done at polygon is that many of the times we had problems in one field I will go into that division try to solve it myself now I'm slowly and hard way trying to you know learn myself when I'm learning the hard way that the universe is teaching me the hard way also uh and and like now I'm fully realizing that no I cannot do because I have kind of reached my limit because previously somebody like some business coach kind of people told me that you need to make it efficient and your time efficient and all that and 6 months back I went into efficiency scheme right and I made my time extremely efficient right now the problem is that I once I made it officient and my 60% of my bandwidth open up or 50% I picked up more work now I have 100% super concentrated work so it's and I realized that okay like this is the limit like I can't take it right you can't continue that long ter yeah yeah so so having that deliberate rest and uh you know being able to you know realize your limits is is very important and last time I said that uh and it's very it's super hard but I came up with this line that once you accept your limitations you become Limitless right and I think like you know in this part I have still not fully internalized my limitations like I cannot like I cannot be having efficient 14 hours a day right especially at this scale and all that where there there are like multiple other like blockchain protocols with hundreds of millions of dollars of funding biggest of the VCS like you know this thing it's a never ending game yeah it's a never ending game I agree with a lot of what you just said um I think for me uh the progression I went from you know being a a solo founder um just starting everything on my own and just kind of working um for many weeks and and months just uh plugging away at it um and the first set of people joining were open source contributors that joined the IPS projects and so I built a community and started growing that uh and then eventually later we started uh hiring people and then growing a team and and so on um so now you know I work with you know hundreds of people um hundreds of people across uh hundreds of companies um and then this broader network of tens of thousands of people across many open source projects and so that has definitely changed how I operate dramatically so I have to become um much more careful about um uh time waste meaning uh if you go when you when you're one person you can definitely go and explore a set of things and try it out uh but when you start kind of like having that as an a thing that then impacts tens to hundreds of people um that can become a very significant kind of time waster sort of sort of thing um so I've had to become much more um an operator that's much more focused about around how to orient lots of people how to um uh structure teams how to structure goals for teams how to like um set good ambitious goals how to measure those goals um how to how to coordinate groups and make sure they synchronize information between them one of the things that's still like baffling to me is just how little um people communicate with each other like I just see teams that are like uh working on different sides of the same problem and they're just not talking to each other and then you end up with like problems because of that um so ton of the of what your role becomes is a lot of managing communication managing managing communication flows and how to orient and organize people to go go do things and this is often like not what a lot of the people that start a thing want to do right like most of what I do day to-day is probably not what I enjoy the most doing um so had to give up a lot of what I really enjoyed which was kind of like building things and programming and so on um and so swapped it for organizing projects and creating uh groups and um building things however like the the really great thing out of that though is that you then get to work with like incredibly brilliant people right so I'm tremendously lucky to get to work with hundreds of brilliant uh amazing people for Builders and creators themselves and then I just get to kind of enable and support um in doing what they do best and that to me has been like the most rewarding part of the of the entire thing is just kind of seeing a tremendously brilliant people um building projects building things um and just having an enormous amount of impact um and and this stretches not just to the people that I I work with uh dayto day at at PL but also to um you know many of the companies that we that we work with and support um and the thousands of Open Source devs out there that work on these projects it's one of the most amazing things of the entire industry is that it's so open source and all of the things that we're building really yeah are really built by like huge communities um leveraging the the platforms and and uh building these these amazing things together so one of the most rewarding things for me is just getting to see um all of these amazing people um were uh just on that like we're what one of the things that I was mentioning earlier is like this um uh guilt for open source devs like we we think it's it's super it can be super lonely to contribute to open source but it can be a very very good rewarding uh experience so we're kind of like building this um this program to help support people going through that that Journey um and and support their their navigate um different projects learn um get access to mentors and so on which can be extremely extremely rewarding and supportive uh to people going through through a career uh some some of these things you get in a when you're part of a company uh but when you're just contributing to open source you don't get that kind of thing and so we're um I hope that we like are able to create an environment that can build the the supportiveness of of a company but in a in an open source environment nice uh maybe kind of to close it off uh just kind of wrap all of this up why do you do it you've been in this space for for years you've kind of factually helped millions of people use and get into this space and use the products that we kind of now all know are shaping the the future of the web what what makes you kind of wake up the next morning and and still do this it is because um this these Technologies can radically improve the world and improve Humanity like I I'm a strong believer in the fact that what we're getting to do here is we're um working with technologies that are rewriting our economies and rewriting our governments and rewriting um tons of aspects about our daily lives and that is an enormously powerful way to to transform the world for the better um already today with the infrastructure that we have we've built a an internet native economy that supports um all kinds of Commerce supports all kinds of people being able to access all kinds of um Financial Resources um and infrastructure and so on and and for me like with with things like ffs and and and bcoin um is really about bringing uh human rights to the internet meaning um today we work on this uh we we all of our Tech is built on these this infrastructure that is not um preserving your rights uh it's very fickle it's run by corporations it's run by a lot of countries who could change their minds about things countries tend to um sometimes censor things sometimes track you sometimes um uh it's an environment that's not actually secure or safe um and so when I think about humanity and now U you know the 8 billion people is in the planet um interacting with each other over over the internet and building a a future together uh you want to create an infrastructure that that is able to preserve their rights and allow them to communicate with each other and you know have freedom of Association freedom of communication freedom of um of being able to like you know have their own um digital identities and and not have to be you know SPI on and so on so so I think crypto gives us the ability to build infrastructure that um is verifiable where you don't have to trust the parties that run it um that where you can use economic incentives to make sure that people keep running the infrastructure um and so I really dream of like being able to have an internet infrastructure that you can just trust um and you don't have to to worry it potentially becoming um uh malicious in the future uh I think most people tend to not um worry about this until it's too late lots of countries have been perfectly fine for a long time and then suddenly get taken over by some bad Administration that makes things really bad um and so it's kind of like that dream being able to uh create a a um rights preserving infrastructure and being able to improve the economies and governments worldwide that that for me is like um the the the mission yep I would say two things about that like one is the like like this technology the internet 3.0 you know coming from the like probably like the one of the lowest rungs of the society especially in an emerging country like India I think there are like only two levels below like where I come from like you know B basically exactly like slums and then you know like Street homeless people and uh you know I truly see that the level of inefficiencies and the level of like you know kind of the the degree of the freedom that people lose because of these trustful systems and we are building this internet 3.0 which I like web 3.

0 internet 3.0 whatever you want to call it I call it trustless internet and why trustless internet is important is because we are spending as human beings more and more and more time into in these digital worlds and you know it's important to important that digital these digital worlds have more degree of Freedom it's all for me it's all about taking the freedom to the next level like we have certain degree like I would not say but in some parts of the world we have certain degree of freedom but in digital world like people don't realize that we are all kind of like you know slaves to the third party in terms of whatever apps we are using whether it's a banking app social like imagine like like if you see YouTube or like let's not say YouTube any of these like uh media platforms where you are a Creator and you create some content and you do something and suddenly you are banned from that platform right imagine like if you take it this is exactly similar to you are farming on some land in the US and suddenly somebody comes out this is not your house leave everything here right it's all almost exactly like that because now people are property yeah people are building this is like their digital livelihood and it's almost imperative that this realm the digital realm will need to have all of these basic principles of you know property rights freedom and all that so for me it's about enabling the next level of freedom for the humanity it's like Humanity as a whole and I think with these decentralized governances and all that this is the actual thing like except the violence like the army that is like you know we don't know still how that will be disrupted I gave you a crazy story about drones and AI but how we disrupt the like till the time we are not able to disrupt the Army part of it like this is the only way where we can actually truly have a borderless Glo world where everybody is like all humanity is like one single entity instead of these countries and divided into so many uh things they will be still division but like not at least like this country boundaries all that so that's what like I feel that this is a very big Revolution and you know I think that Humanity should go to should go to that level I even like posted a Cheesy tweet that uh web 3.0 is Humanity 3.0 and you know I obviously want to see the humanity to go to 3.0 the other context is the Indian context here like you know I as a Indian founder like as I said that you know we don't have any Indian tech companies at that Global level especially the Deep tech companies there are some consumer companies which are slowly becoming Global but we really don't have like a truly Global te Tech brand from India and like what what scares me every time is that it already took a so much so much hard work to reach this top 10 top 15 kind of Realm on something right and imagine if we failed from here anybody and all these amazing developers who are building and Builders who are building from here even if they come next time anybody comes that far they will still be you know have these Shadows of Doubt on them that you remember polygon they also came this far but then they doubt they never make it so like for not only for India but but for the whole subcontinent I want polygon to actually make it and be a sustainable Global Tech brand where then people can say oh like you know from India and you just just need one example like one big example and you start believing that okay there are more companies and this has happened for the VCS in India like till since like you know that before uh you know we came out like no VC would invest in Indian companies and I that's why like you know it's super important for me personally on a personal level also to take it to the conclusion where it becomes a sustainable and I don't know how many years it might take 5 years it might take 10 years but it reaches there and then people can say that yes like you know the Global Tech Brands can be built out of India that also I think that's a wonderful note to end on sandip Juan thank you so much for joining us and amazing [Applause] conversation Max fifth fron and to see well before we kind of close this off I do want to go back to my slides and just say a couple more things which is just summarizing all the prizes for you so $250,000 in prizes you kind of heard about some of the big ones here but 1 in arbit fcoin polygon and scrore giving 20,000 each airstack Alliance base cell chain link ether Foundation mantel power loar giving $10,000 each and so are push safe the graph waku and XTC and lastly we have coin dcx huddle Lighthouse metamask Mona okx X SMTP and Zeta chain they are giving away 5,000 ENT prises each you can see all those details on the website you can see what qualifies for you to win a prize all the instructions the templates any code you can use all that is up on the website and finally please uh paste yourself we know this is a 36 hour event we don't want you to kind of not sleep and get some rest we want you to have fun this is meant to be fun and and educational for you so don't try to make this exhausting for yourself and with that let's get hacking thanks everybody