by Rushali 
It would not be wrong if we call crypto a speculative space as more and more people are investing every day in the hopes of replicating the success and returns of bitcoin. They invest in coins or tokens which are not only useless but are mere memes and are also known as “Shitcoins” among the whole crypto community.
The craze started in 2009 and is still on the run with greater velocity. It all started with mining and only bitcoin, people mined on their casual PCs and as the days passed by the hash rate requirements of bitcoin kept on increasing leaving behind many of the miners who could not afford a high spec mining PC and as the market grew the high spec PCs were shaken out by high tech mining farms. The world has seen a lot and this is only the BTS of bitcoins and ethereum that was still inside Buterins mind. Good old days!
After getting to know about the technology and on reading the white paper of bitcoin many of the visionary people started the game of investing and some pokemon collectors started trading bitcoins and exchanges started forming. People saw this as a long term investment without knowing that A tweet by Elon musk would change their fate turning them into the worlds first few bitcoin billionaires and some millionaires too. Tesla had a major role in the extreme spike of the bitcoins chart.
Nobody was even aware of Vitaliks plan till 2014 and one day when some of the custom skins from World of warcraft’s was pulled back by the publishers of the game and one of the legendary skins from Vitalik, he decided that this needs to change and developed Ethereum.
Okay, we have gone too far and a lot back in time.
So, my whole point is basically there are a whole lot of ways you can make money in the world of crypto like mining, investing, trading, staking etcetera. But, what if you don’t need to run after the Shiba Inu token and you can make your own cryptocurrency. Well, that’s another money-making possibility on its own.
Making your own cryptocurrency on your own and seeing it rise on market caps and charts is lovely but, is it actually possible?
Yes, it is possible to make your own bitcoin and launch it making it a legal tender and a real currency.
It might be too far-fetched to think of making your own coin and competing for bitcoin but, the great thing is this is not a competition and we have some Indian personality who is proving this and has also made a coin which has earned him the title of first Indian crypto billionaire.
Let’s jump and dive deeper into the life of India’s first crypto billionaire and founder of Matic Mr. Sandeep Nailwal, yes Matic is an Indian cryptocurrency that is now known as Polygon. Although this is the companies name and the underlying token is still known as “Matic”
Introduction
Sandeep Nailwal was born in 1994 in Delhi and is an engineer turned entrepreneur. Sandeep completed his formal education in the field of engineering earning a bachelor’s degree of BTech in computer science and also he did his Masters’s of Business administration from NITIE in the field of technology, finance, and supply chain management.
On completing his formal education he started his career as a software engineer in a Computer sciences corporation leading in the design and development forte.
In 2013, Sandeep Nailwal joined Deloitte as an intern according to its website “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit & assurance, consulting, risk and financial advisory, risk management, tax, and related services to select clients”
He created a market strategy on SAP mobility and created reports of the current mobility market etcetera.
On completing his internship at Deloitte, he worked with the company as a consultant assisting in capacity enhancement projects and program managements for around a year.
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Moving on to the position of Head of Tech and supply chain in the Welspun group handling their eCommerce department in which he developed the eCommerce portal with various important UX implementations and also creating and managing the online presence of the company in the eCommerce industry like flipkart.com and Amazon.com.
While om this position he was also responsible for the development of augmented reality and how it can be merged with eCommerce to produce a better experience for the customers.
In March 2016 he decided to step on his A-game and laid the foundation of Scopeweaver.com that developed Decentralised apps as the business usage of any company but the scalability didn’t work as planned and he pivoted to another venture in a year and launched the much popular and talked about the company “ The Matic Network ” now also know as Polygon.
The polygon is a network built upon the Ethereum blockchain on top of which people can build Decentralised apps which works on proof of stake, unlike bitcoin which works on proof of work. The Matic is the internal token and as per the website will stay in existence and will play a huge role in scaling the network.
The Matic network gained huge popularity but, it was definitely not easy the cofounders and Sandeep had to raise a humongous amount of money just to make people aware of the blockchain technology and what Polygon or Matic actually is, according to an interview they had to do almost close to 300 hackathons in colleges. The developers were not ready to work with them as the conditions around cryptocurrency in India is not very favorable leading to enormous challenges.
Still, it did not stop them and they turned out to be the first crypto billionaires of India.
Sandeep Nailwal is also the founder of the Indian crypto covid relief fund in which Vitalik Buterin donated a part of his holdings to help the worsening covid conditions here in India.
Conclusion
The mining, investing, trading, staking, or making your own coin and network whatever you are going to choose that is up to you but, all I want to convey is this field is full of opportunities and it is all just the beginning. Choose now!
