How An Aeronautical Student Became Web3 Company Entrepreneur

How An Aeronautical Student Became Web3 Company Entrepreneur

Interviews
September 23, 2022 by Diana Ambolis
277
After completing his aviation degree, Ahmet Usta built Web3 companies, focusing on gaming and NFT. It is commonly believed that the route to success is not a straight line. It may sometimes lead to several sidetracks, such as studying airplane buildings, becoming a writer, monitoring Bitcoin (BTC), and exploring blockchain technology. Ahmet Usta, who has
How An Aeronautical Student Became Web3 Company Entrepreneur

After completing his aviation degree, Ahmet Usta built Web3 companies, focusing on gaming and NFT. It is commonly believed that the route to success is not a straight line. It may sometimes lead to several sidetracks, such as studying airplane buildings, becoming a writer, monitoring Bitcoin (BTC), and exploring blockchain technology.

Ahmet Usta, who has been involved with technology since he was a child and is the founder of many successful Web3 companies focusing on blockchain games and nonfungible currencies, was recently interviewed. During the interview, he recounted his journey from a young child interested in technology to a successful entrepreneur (NFTs).

Usta studied aviation engineering in Turkey at Istanbul Technical University. The motivation for his choice was his passion for technology. He then followed a profession in computer technology and moved on to work for other companies. After ten years, Usta found himself in an unusual circumstance. He said: “As though by some weird chance, I found myself working as a writer and editor in the realm of technology.”

Numerous newspapers, including Bloomberg Businessweek Turkey, have commissioned me to write articles on various technology subjects. Then Bitcoin emerged, after which Usta began to “keep a careful watch on it.” Bitcoin piqued Usta’s interest. Usta was captivated by the technology behind cryptocurrencies. Therefore, he worked on constructing the first book in Turkey on blockchain technology. After that, he explored opportunities to work as a blockchain specialist, delivering speeches, organizing seminars, and educating the personnel of various firms.

The entrepreneur spent time in 2021 establishing a blockchain-based gaming enterprise that would eventually use NFTs. After seeing some success, he decided to delegate the project to his business partner so he could concentrate on building ELYT, a more long-term company. This company has secured further funding to link companies and influential people to Web3 technology.

Also read: Part 3: Women In Web3 Leading The Tech Industry

When asked why he believes businesses must embrace Web3 technologies such as NFTs, Usta explained that NFT technology is more than simply an application. This is a novel viewpoint on the subject. He continued his explanation by stating:

As soon as you think in this new manner, innovation will begin to take root in your mind. The remaining obstacles are primarily of a financial and technological nature. Developing business models for the real world while maintaining an open mind is essential.

The CEO remarked that the application cases for NFT are only limited by people’s imaginations, which is a unique viewpoint on the subject. “The monkey photographs and game features are only a snowball rolling over the apparent glacier above the ocean,” he remarked. The iceberg is much more giant than it seems from above the water.

According to Usta, Web3 companies have generated an abundance of new options. According to him, Bitcoin, Ethereum, non-fiat currencies, and decentralized financial systems (DeFi) have a place worldwide. He continued his explanation by stating:

Ethereum’s use of smart contracts has significantly influenced business operations. Bitcoin removes the need for a centralized organization while keeping track of transactions. Building a decentralized trust system was possible for the first time in human history. According to the founder of Web3, NFTs restrict ownership of digital goods that may otherwise be duplicated endlessly. In addition, he expressed optimism that the blockchain sector will soon develop a large diversity of new uses. Meanwhile, Usta underlined his confidence that decentralized finance would play an essential part in the financial sector’s future development.