Coinhako, Tezos about building a blockchain startup and the future of cryptography – Wired PR Lifestyle Story

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The field of digital assets has seen unprecedented growth. The digital market was valued $ 962.2 million in 2020, and is expected to reach $ 8,158.6 million by 2026..
From converting Singapore to a crypto site to scaling a business, there is always a lot to learn from a business perspective.
As part of the FinTech Festival 2021 in Singapore, we listened to a roundtable called Startup Stories – Blockchain & Digital Assets, moderated by Tim Draper of Draper Associates, Arthur Breitman, co-founder of Tezos, and Yusho Liu, co-founder of Coinhako. directions for building a blockchain startup.
The importance of cultural construction
When it comes to building a successful startup, in addition to being a star product, one of the other things to focus on is people.
After all, it’s something that a company’s creative culture projects, and that’s exactly what Arthur of Tezos hopes to do for his company.
In the world of cryptocurrency and blockchain, credibility is especially important to Arthur and so there is never a need to promise too much.
While the journey may be long, it is important to remember that it will improve “gradually”.
So don’t dream about this great thing that may come years and years into the future. It’s just constant progress.
Arthur Breitman, founder of Tezos
For Yusho of Coinha, the importance of cultural construction came when his group began to grow. Yusho saw the main impetus for “building a conscious culture” as having offices in different places.
“I would say that having two groups that are separate and growing exponentially was not as easy as before,” Yusho said. “It’s not as easy as writing the values of a spreadsheet.”
It’s a lot about people, communication, and interaction, and more importantly, setting an example.
I think COVID-19 has also disrupted us, you know in a sense, we don’t have to deal with that much time. It plays against us even though we are in a purely digital business. Right now, we spend more time syncing again so that they are all on the same page.
Yusho Liu, founder of Coinhako
Scaling a startup

As exciting or innovative as a startup is, it can’t stay as a startup forever. Growing a business is a natural advancement for companies that want to have a greater impact.
That said, growing a business isn’t an easy thing to do – growing pains and dental problems are part of the process.
In startups, hiring is one of the most important things to grow your business.
Arthur believes you can hire more specialists as you scale. But a smarter way is to look at people who have worked in different environments and understand the pains of transition.
“They’re people who have been in an organization that has gone from 20 people to 2,000 people, and that’s a skill.”
Yusho initially admitted that hiring is very different as hiring as the company grows.
In the early days of a business, we wanted to find “superheroes” who do everything and wear multiple hats. Over the years, I’ve come to realize that having good people is one thing. But more importantly, finding people with a passion and enthusiasm for product, business or industry is really important beyond their experience and skills.
Yusho Liu, founder of Coinhako
He stressed the need for a company that needs people who are willing to get things going. These characteristics are essential for a business to grow.
“And as we scale, we need a middle and senior management star there, which is key to developing more layers in the company.”
Tim from Draper Associates supported this idea and stressed the importance of having people issues in your team and having the confidence to try new things in your team.
“I think when you scale, you need good agents with very good controls, but you also need people to feel free to try new things. That tends to decrease over time if the business is not well managed. ”
A look back at 2022 and beyond

Seeing as we are at the end of 2021, we only see these leaders looking to 2022 and beyond.
As a person who loves connecting people and using the lock chain to solve problems, Arthur said he wants to continue doing it on a larger scale.
“What I hope to achieve by 2022 is basically being able to transmit and communicate with various actors in the crypto ecosystem or assist Tezos,” Arthur said.
We still live in a world where people see blockchain transactions as something that is scarce. It all builds on the number of transactions you can make because transactions are scarce and very limited. We will change that by the end of 2022.
Arthur Breitman, founder of Tezos
Yusho of Coinhako, meanwhile, has two goals for 2022. The first is to improve the accessibility of cryptocurrency, and the second is to “support projects and connect projects to Southeast Asia, as well as bring Southeast Asian projects to the world.”.
“By the end of 2022, we expect Coinha to grow into a full suite of cryptographic services to serve a more diverse range of customers with a wider range of products.”
We believe that Singapore will be the world’s largest crypto site. For next year, which is within 12 months, we definitely want to have a license and recognition in several Asian countries in Coinha.
From day one, we’ve taken a vision that has been in place since we launched the app in 2019. While this has slowed growth, we accept the importance of this.
Yusho Liu, founder of Coinhako
Tim Draper also believes in the potential of Singapore to be a crypto hub.
“I think Singapore is a small enough country to claim that leadership. But, I think they need to give a very light touch and be ready to reinvent themselves for central banks.”
Featured Image Credit: Singapore FinTech Festival 2021
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