It's time govts recognise value of blockchain tech

DeFiVerse, an asset management platform in the crypto ecosystem for creating, managing, and investing in decentralised crypto funds, serves as a link between crypto fund managers and traders and retail investors. In an exclusive interview with Bizz Buzz, Akshay Bajaj, CEO and Co-Founder, DeFiVerse, explains more about his Web 3.0 startup which aims to accelerate crypto activity in India through education on the technical and financial principles of cryptocurrency.

What services does 'DeFiVerse' offer its audience? What prompted you to launch DeFiVerse?

We discovered over the last few years that managing our clients' crypto assets across multiple protocols was a real pain. We also noticed a lack of good asset management platforms in the crypto ecosystem. We found inspiration for our latest venture, DeFiVerse, while resolving these issues. It is a platform for creating, managing, and investing in decentralised crypto funds. DeFiVerse serves as a link between crypto fund managers and traders, and retail investors looking for alternative investment opportunities. Managers can launch funds and profit from their strategies. Investors, on the other hand, gain access to strategies devised by the industry's top minds. All of these transactions occur in a permission less, non-custodial manner. Simply put, there are no middlemen, everything is transparent, and the investor has complete control over his funds at all times!

What is the USP of 'DeFiVerse'? What benefits does it offer to the crypto community?

DeFiVerse has a number of advantages over its competitors. The primary benefit is a proprietary fee structure that compensates fund managers fairly for their services. While this is a fundamental aspect of traditional fund management, building the infrastructure to support this fee model is a significant challenge in the decentralized space. To put this system in place, we created entirely new smart contracts.

Our tokenomics is another significant differentiator. The model incorporates the best features of all of our competitors while also introducing some brand-new concepts! The nature of our smart contracts is our third differentiator. Our code was written in a completely modular format. This means that we will be able to easily test and implement upgrades and expansions. We are also very gas efficient. As a result, our protocol will have the lowest transaction fees in the crypto asset management industry!

We also have many other distinguishing features, such as a sleek and intuitive UI / UX and some extremely flexible auditing systems.

What are the implications for the Indian financial sector?

Cryptography is borderless by definition. This means that the advantages of DeFiVerse are not limited to a single country. While DeFiVerse's services will undoubtedly accelerate crypto activity in India, we believe that the most important value that we will add is to grow the crypto community in India through education on the technical and financial principles of cryptocurrency.

As a Web 3.0 startup in India, we believe that our understanding of cryptocurrency and community psychology can be used to create a fantastic knowledge hub. We hope to grow our product and community by providing information on YouTube, Twitter, and other media.

Considering India's volatile cryptocurrency industry, what is the future of decentralised finance in the country?

If I had to describe the future of DeFi (decentralised finance) in India in three words, they would be revolutionary, inclusive, and uncertain.

If governments can recognise and value the inherent value of blockchain technology, I believe India will be a crypto and DeFi powerhouse in the next decade. Just as India has embraced the IT space, our inherent academic strength will bring the brightest minds to the crypto world.

While the legislative side of DeFi has a bleak future, the technological side has only one bright future: radical improvements in finance and web development.