Blockdaemon is a leading institutional gateway connecting financial institutions to blockchains and the Web3 ecosystem, with 70% of the top 500 companies in crypto as customers.

I believed in a world where there would be 100,000 nodes run by institutions by 2020, even when people laughed at me.

The resilient part of being a founder is to continue working on a problem while others tell you it’s not worth solving, and I had to put everything I have into Blockdaemon without a clear promise of a better market environment, just to make it last as long as possible.

Institutions began engaging with Blockdaemon only after they became part of our governance, which built their confidence in our operations.

Stablecoins are networks that gain value as more participants join, but currently, 99% of the nodes are highly regulated, limiting access to the network.

Persistence and conviction about your idea are crucial, as many ideas that initially seem bad can end up being huge successes.

Even if the probability of success with Bitcoin is low, its potential significance is large enough to warrant attention.

The belief is that as you reach a critical mass, more people will see it as viable to work for a startup, which can take time.

The world is still largely unaware of the value of having extreme conviction in a single bet, which is why I'm excited for startups right now.