Opinions expressed by Entrepreneur contributors are their own.
You are reading Entrepreneur India, an international franchise of Entrepreneur Media.
Decentralized finance is growing rapidly as a safer, more transparent alternative to legacy financial services. It creates a more open, reliable and easily accessible financial system. Decentralized finance is secured by blockchain technology, reducing the risk of fraud, corruption and asset misuse. It also makes it more cost-effective and efficient to manage finances, with no overdraft fees, no wire transfer fees, and no more waiting for bank hours before certifying a transaction.
Matteo Zago is a renowned DeFi pioneer and investor who took significant financial risks in his early 20s. Passionate about freelancing and investing, Zago knew a formal 9-5 career wouldn’t work for him – hence he decided to pursue his passion rather than pursue a college degree. Zago’s zeal was fueled in 2010, when Facebook arbitrage opportunities began to grow for online affiliate marketing. Although his family and close friends discouraged him, he devoted his time to learning how to make money on the Internet and worked hard to achieve this goal.
His efforts didn’t pay off, however, but Zago never lost his focus. Over time, he was overjoyed to finally make good money before he was 22. “With my first big win, I started researching and investing in blue-chip crypto projects. Crypto is considered a high risk/scam by the mainstream until recently,” explains Zago.
Zago has faced several challenges along the way. Cryptocurrency has long been considered a fud or scam. Most people called him a gambler, but he kept building and investing while staying focused. He sees his success as a series of learning, growing and even some luck.
Zago is an astute writer – he was ranked in 2014 as an Amazon bestselling author on marketing topics for The Facebook Bible and The Twitter Marketing Guide. He was also the first to map the term “Web 3.0” and thereby characterize blockchain technology. An innovator, Zago first mentioned “Web3” in one of his most famous articles on its importance, which was revolutionary. Today, Web3 has received a lot of publicity and has been used as a reference by many magazines, including the famous Crunchbase. In addition, Zago was the first to invest in various blue chip projects in their early days, and many of his articles are the most widely read on the subject.