On this episode of The Shape of Work podcast, our guest is Rohas Nagpal, Chief Blockchain Architect at Wrapped Asset Project. 

Rohas started off his career in hacking and then spent over a decade as a blockchain architect and crypto expert. Hence, it goes without saying, we discuss everything related to blockchain. 

Episode highlights:

The Regulation of NFTs

It’s not like we don’t have fraud in the stock market. With regards to NFT, there is a legal agreement in place between the issue and the buyer of the NFT. Next, if someone defaults on something, you will be blacklisted from raising money from NFTs in the future. However, there is always a small amount of risk with any financial instrument. 

Why will the Metaverse be the next big thing?

In the real world, people are not 100% how happy they are. In the Metaverse, you can create a digital avatar with the perfect you. It would be fun to explore the world and the universe by sitting from the comfort of their own home. It would also redefine working from home. You can sit in your office with your colleagues without actually leaving your home. 

The Use Cases of blockchain

Blockchain use-cases should be around crypto. Blockchains developed around data will not 
work because the technology was not created to hold data. It was created for smart asset lifecycle management. You only have to create a cryptocurrency like Bitcoin, and the technology would take care of everything. 

Things you should know before Investing in Crypto

Firstly, you need to do your due diligence on crypto before starting your investment. Understand what cryptocurrencies are and how they work. You need to understand how crypto exchanges wallets work and how to maintain them securely. It is only after you get to know the basics that you should start investing. Lastly, as a rule of thumb, you need to know the ABCDE of crypto. 

A = Avax
B = Bitcoin
C = Chainlink
D = Decentralization
E = Ethereum 

Follow Rohas on LinkedIn

Produced by: Priya Bhatt
Podcast host: Aditya Sreekumar

About Springworks:
Springworks is a fully-distributed HR technology organisation that is building tools and products to simplify recruitment, on-boarding, employee engagement and retention.

The product stack from Springworks includes:
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SpringRole — verified professional-profile platform backed by blockchain, and
SpringRecruit — a forever-free applicant tracking system

Springworks prides itself on being an organisation focused on employee well-being and workplace culture leading to a 4.8 rating on Glassdoor for the 200+ employee strength company.