“It is important for companies operating in the blockchain space to focus on growth and adoption at both the retail and institutional level,” Zatoshi said.

Meet our influential co-founder, Zachary Saltmer. one big fund, affectionately known as Zatoshi in his circles. As an experienced trader and venture capitalist, his insights have had a significant impact on the crypto market arena, especially innovations such as his BRC-20 and his ERC-6551. As you step into the next growth cycle, gather essential business wisdom from Zatoshi on subjects ranging from launching investment funds to the root causes of startup failures.

Welcome, Zachary. It is my great pleasure to meet you all today. First, can you tell us more about your personal background, business acumen, and your journey so far in the cryptocurrency space?

Hello, thank you for joining us. I have had a pretty eclectic business experience, from e-commerce and music, my first venture was a rave clothing company, to my fair share of business ventures that didn’t work out. From these experiences, I was able to think of failure as a stepping stone to success as long as there is an attitude of learning from failure.

My cryptocurrency journey started in 2013 when I bought my first bitcoin. Since then, I have been fortunate enough to meet many success stories and collaborate with some truly brilliant minds. This journey shaped me into the entrepreneur I am today and helped me develop sophisticated trading algorithms for my upcoming products. My proudest achievement is starting a company without external funding, even though the road to success has been paved with failures and successes.

Currently, I am focusing on self-growth and wanting my team to do the same by completing various blockchain-related certifications to strengthen my qualifications and demonstrate my expertise in the on-chain space. We encourage you to grow.

wonderful. One Big Fund is the first significant venture in the cryptocurrency industry. Can you tell us a little bit about your experience in setting up a fund and the challenges you encountered? I’m sure your insight will be invaluable to our readers considering starting a venture capital fund.

absolutely. We launched One Big Fund in mid-2022, driven by the challenge of building a modern fund. The rapid evolution of blockchain technology and the variety of products and services it has enabled over the past decade has inspired us. We have built a startup that aims to empower emerging entrepreneurs and startup founders by leveraging the collective experience and lessons learned from our previous business operations.

One Big Fund is a self-growing venture and serves as a concrete proof of concept. We faced minimal challenges at launch, but are now focused on nurturing our first customer ventures. However, potential fund starters should prepare for challenges such as tight liquidity and regulatory pressures. These can be mitigated by implementing a comprehensive due diligence and compliance framework from the start and actively pursuing liquid market opportunities backed by solid data analysis.

From your perspective, what advice would you give to entrepreneurs interested in Web3? Should they rely on traditional funding, should they opt for DeFi, or should they consider a hybrid approach? ?

There is no one-size-fits-all answer to this. My advice is that entrepreneurs should identify trends through rigorous data analysis such as search data, venture capital data, blockchain data. This approach lays the foundation for a flexible and robust investment strategy.

Web3 Entrepreneurs should have a clear understanding of what kind of company or project they want to contribute to. This understanding guides market research and data analysis and helps you make informed decisions about your funding approach. For example, if your target market consists of crypto-native entities, a DeFi-based solution may be ideal. Conversely, services that require conversion between cryptocurrencies and fiat currencies may be better suited for a hybrid approach. I personally believe that the future of digital funds lies in a hybrid of DeFi and TradFi.

On the topic of Web3 business, the ever-changing and somewhat uncertain global regulation of Web3 business, especially in light of recent developments such as the EU’s MiCa bill and the actions of US authorities against several cryptocurrency-based companies. How would you suggest traversing the environment?

A compliance framework that dynamically adapts to evolving conditions is key. From the beginning, One Big Fund has implemented strong AML and KYC/KYB practices to maintain transparency in its business activities. We have introduced a unique concept called Proof of Business. This allows us to create NFTs on OpenSea and issue them to our partners with on-chain credentials for effective due diligence and business verification.

Impressive! Alongside One Big Fund, a cryptocurrency bank called MEQA was also recently established. What is your vision for this project and how will it contribute to the growth of the cryptocurrency industry as a whole?

I believe that digital banking is the future and will continue to exist. Over the years, I have recognized the need for an alternative infrastructure to traditional banking infrastructure, and MEQA aims to meet that need. The recent US banking crisis has just highlighted the importance of MEQA. Despite the various challenges, we are working hard to launch this cryptocurrency bank as soon as possible.

MEQA will play a pivotal role in facilitating greater scale adoption of blockchain, cryptocurrencies, and the Web3 as a whole. It can be seen as a secure crypto-native wallet with enhanced banking features, thus blending the best of both worlds.

In the wake of the banking crisis, many experts attribute the liquidity crunch to fractional reserve banking and regulatory crackdowns. How does MEQA plan to address these issues?

MEQA hasn’t launched yet, but our main aim is to foster transparency by building a community-first platform. We offer advanced non-custodial solutions that keep consumers in control of their funds at all times. We basically provide a crypto wallet with banking features and strong security layers integrated with AML and KYC/KYB compliance mechanisms.

Startup founders can use MEQA to self-custody their funds through trusted partners. I think this is our most compelling selling point.

Thank you for sharing your valuable insight. Before concluding, do you have any final thoughts or advice for the readers?

absolutely. Based on my years of experience in business, my advice to any up-and-coming startup founder, especially his Web3 space founder, is to adopt a long-term view. Success is hard-earned and takes time, effort and dedication, while failure is relatively easy. However, an innovator’s vision for the future serves as the best guide. Take risks, experiment, and most importantly, learn from your mistakes.

It is important for companies operating in the blockchain space to focus on growth and adoption at both the retail and institutional level. With the digital transformation of traditional assets imminent, the opportunity to have a major impact on the course of financial history is approaching.

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