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Source: defi Shirasawa Research Institute
wraparound:
The freedom to do whatever I want is more important than any measure of success.
Sam Bankman-Fried (ftx founder SBF) moves quickly, which is why I think we worked together so well.
The lack and uncertainty of crypto regulation makes it really hard for startups in the U.S. to do it, which is a pressing issue.
Driven by founder Anatoly YacoVinco, Solana is changing the crypto industry and the world of DEFI. As the world's fastest blockchain, solana is driving the development of the crypto ecosystem.
This summer is called "solana summer, and for good reason. Solana, once seen as a loser, has risen rapidly and has established its place in the crypto world. In addition to price increases, many innovative crypto projects are built on the SOLANA blockchain; crypto derivatives exchange ftx has launched the SOLANA NFT Marketplace, which allows users to trade, mint, auction and verify SOLANA-based NFTs, and is booming.
Solana is very focused on speed, as is Anatori, its founder and former engineer at multinational Qualcomm. Next, listen to his story of "chasing dreams".
As the son of a first-generation immigrant from the Soviet Union, Anatoly's story is a tenacious journey from immigrants to inventors in the United States. While it was difficult for him to explain the details of the crypto industry to his parents, he knew they were proud of his accomplishments. "It's hard for me to explain to them what I'm doing because they really don't know. They barely understand how computers work and what decentralized computers are," he says enthusiastically.
As a trained engineer with a degree in computer science from the University of Illinois, Anatoly has always been interested in solving complex problems through "simple math." However, what is simple to him does not seem simple for most people. Many people are still trying to understand the role of defi (decentralized finance) and what it really means.
Solana's future is bright, but Anatoly defines his personal success as "doing whatever I want." This is more important than any measure of success. I can choose to surf for the rest of my life, waste time, or continue to build a company to fulfill my dreams. Coming from any industry, it's going to be like that, you work hard and then you can build a life that's enjoyable, productive, passionate, interesting and exciting," he explains.
Growing up in the former Soviet Union, where Ukraine is today, Anatoly dreamed of america. "I have an idea as a businessman to move around and make things happen. I think it's exciting. As an adult, I'm an engineer and I like to dig into the specifics of problems and solve them," he said.
Looking back at Anatoly's beginnings and the origins of his passion for entrepreneurship, he started a startup with his friends in college. "It was before and after the .com crash, and we were building something that now looks a bit like a Google voice," he said. Once the dot-com bubble burst, many of the companies that flourished during the dot-com boom disappeared out of thin air. However, the experience of structural collapse is no stranger to Anatoly. He had already seen it in the Soviet Union. "I do remember that time in '91, and it was clear that everything was done," he said. Growing up in the 80s in today's Ukraine was "a little different" from the experience of the United States, but he still believes that the period of the Soviet 80s "was probably the best period in the country", "because there was enough political freedom, people were not so afraid", and that society and the economy remained stable to some extent. "I still remember my brother having to go to the army during the war in Afghanistan and I was just scared for him," he revealed.
The reason Anatoly entered the crypto industry and the defi space was simple, traditional finance required a lot of paperwork. He realized that with the right software and the right protocol, the whole process could be more efficient. He sees blockchain as a transformative opportunity to expose people to cryptography.
The world of decentralized finance is a hot topic, but Anatoly realizes that people are often confused and don't understand "decentralization." What are these protocols?
"Protocols are just a mathematical definition of something, the way the system works. The reason they exist is that the logical rules and cryptography that govern the protocol can provide guarantees that other means cannot. So, that's where the idea that defi is going to gobble up finance. Why? Because we trust someone in a regulated bank to oversee our handling of our funds. It's very inefficient and slow," he said, insisting that with protocols, things can be "a thousand times better." With simple cryptography and protocols of thousands of lines of code, consumers can get the same guarantee. That's why he built Solana.
Solana resists censorship, but Anatoly understands what censorship means in his world. "People will say 'What is censorship?' The protocol defines the rules of the crypto industry in order to pass them on to everyone around the world who wants to see them. That's all it does, and it guarantees that all users can use it. It's a very simple thing," Anatoly explains. The solana network will remain open, allowing decentralized applications to run freely and transactions to never stop.
Anatoly launched solana four days after the stock market crash on March 12, 2020, when both Bitcoin and the S&P 500 fell 70%. On March 16, SOLANA was officially launched. "It was a fun time because it was below everyone's expectations," he said.
While the worst thing that happened was a market crash, from Anatoly's perspective, "it seems like the best time to do business." Because this crash is unlikely to happen again, you have a chance to start at the bottom. In terms of opportunities, defi is just starting to heat up. I really feel this opportunity is too good. ”
Anatoly is working with ftx's crypto billionaire Sam Bankman-Fried (SBF). How did collaboration come about?
"We have co-investors in FTX," Anatoly said. "I just started talking to SBF and showing him ' Hey, look, solana is the next generation of blockchain, it's very cheap, very fast, decentralized. It expands in all directions. It's the early adoption phase of the blockchain industry, and we can actually make cryptography accessible to 1 billion people," he added.
Image: Anatoly and SBF chatting at a dinner party
Although SBF is not an engineer, the two have similar ideas. "SBF was able to change the timeline of the FTX exchange's adoption of SOLANA as the underlying public chain from months to days, moving quickly, which is why I think we worked well together."
At a time when many in U.S. businesses are exhausted after returning home from work and poor physical and mental health is becoming a side effect of the pandemic, what is Anatoly's approach to coping with stress and burnout?
"When you can really accomplish something, you get the energy. If you stay up too much at 4 a.m., you'll obviously feel tired. But this is not the same as burnout. You work really hard for a few weeks, then take three days off, and finally you go back to work. But because I've accomplished something, that's what keeps me going," Anatoly said.
Anatoly currently resides in San Francisco and has no plans to leave. "What has changed over the last decade is that the company has almost become the product itself. Risk-averse investors only invest in growth companies that have built successful businesses. At the time, very few investors put their money into crypto assets," he said.
But the U.S. stance on crypto assets is changing, not only through cultural shifts, but also through politics.
The newly elected Mayor of New York City, Eric Adams, vowed to pay him his salary in bitcoin for the next three years, a sign that New York City is open to innovation.
The interesting thing about the crypto industry is that it is dominated by several major players who are constantly collaborating with each other. "It's not a zero-sum game," Anatoly made clear. "The market is growing so fast that your competitors will succeed faster," he explains, "and every success drives the market." ”
Anatoly shares a common view with crypto investors, and they both want regulators to step in.
"The lack of encryption regulations has caused people with dreams to leave this place. Lack of regulation and uncertainty makes it difficult for U.S. startups to do it. That's a huge problem," Anatoly said. "So these people are just moving overseas, simply because the regulatory environment in the U.S. is so uncertain." For seed-stage companies, compliance is the most pressing issue. ”
MasterCard recently introduced Bitcoin on their payment network. Does Anatori see it as a bigger step forward for the crypto industry, or is it just trying to catch the trend without losing customers?
"It's definitely a good thing. Because there is a lot of compliance internally, that is, the operation of handling the operation of the private key custody of the encryption wallet. This requires a lot of good engineering, people, and compliance. Hopefully, these people will be closer to regulators and be able to explain it to them in a way that they understand that it's just a bunch of technology without fear. He said.
Kevin O'leary, a Canadian politician and prominent venture capitalist, recently said that crypto assets will become the 12th sector of the S&P 500 index. Anatoly agrees: "100% yes. All financial sectors account for 20% of global GDP. If defi can replace 1% [the work involving keeping the financial system running], there will be a lot of work that doesn't need to be done. In other words, you can now work four days a week and have the same standard of living. ”
The beauty of solana is that it gives nft artists the tools to scale globally without having to go through expensive gallery exhibitions. There are so many up-and-coming artists who want to join, but there is no simple step-by-step guide on how to get started. Anatoly gave the answer.
"Solana is energy efficient and green. It doesn't cost anything. All tools are free. So you can even search on Google for how to launch a solana nft project? It's open source software where you can create nft artwork and build a community for free. ”
From DEFI and web3 DAPP to games and NFT, there are more than 350 projects built on SOLANA, so what is Anatoly's management style?
"A full-powered development management style," he quipped.
Speaking of the human footprint he hopes to leave as a legacy, Anatoly wants to "avoid as much as possible a life of suffering elsewhere in the world." As a husband and father, Anatoly hopes to teach his children to "find the goals and dreams that drive them." Because this will give them a fulfilling job and can accomplish an amazing thing. ”
Anatoly Yakovinco has definitely found his purpose in life and has valuable experiences that others can learn.
"I really enjoy developing and exploring problems in operating systems, and this hobby happens to be what drives success. If I had a passion for painting or surfing, maybe it wouldn't have materially succeeded, but I would have lived an equally fulfilling life. He paused for a moment. Don't try to chase the market, but really find what you're good at. Look for something that keeps you up at night. That's the most important thing. ”
As the solana ecology gradually expands, Anatoly will continue to write a new chapter in defi, and his dream continues.
Interview source | Thepavlovictoday, compiled | Shirasawa Research Institute
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