E125: SUI NETWORK FOUNDER: I Left Facebook at 50 to Build What Crypto Couldn't

Evan left his position at Facebook at age 50 to solve what the entire crypto industry couldn't: building technology that actually works.After leading Facebook's $3 billion Libra project that got shut down, Evan realized every crypto attempt has "completely, repeatedly failed" and fallen back to centralization. So he started Mysten Labs with 4 co-founders to build Sui - what crypto was always supposed to be.__________________________________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST is a global financial platform that enables users to manage and spend stablecoins and cryptocurrencies using a Visa Card or Apple Pay. Available in over 100 countries: https://kastfinance.app.link/SHIFT🔓 Trezor is the safest cold storage wallets for crypto security and financial independence.Buy your Trezor Wallet (use PROMO Code from the video for a 10% discount): https://trezor.io/?transaction_id=1026f18ed46409e495c6db4bff90ab&offer_id=133&affiliate_id=35356🌱 Bitwise Asset Management is the crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more.https://bitwiseinvestments.com/💧Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.https://sui.io/🔘 Mantle Network enhances dApp development with Ethereum's security, low fees, and quick transactions through innovative layer-2 technology. Users can stake ETH for mETH, contributing to a transparent, community-driven ecosystem governed by $MNT token holders, fostering innovation and collaboration.https://www.mantle.xyz★ Forza! is Coinsilium's Gibraltar-based Bitcoin treasury company. Coinsilium’s shares are traded on the Aquis Stock Exchange (AQUIS:COIN) and on the OTCQB in the US (OTCQB:CINGF). Find out more at https://www.coinsilium.com/__________________________________FOLLOW EVAN CHENG• Twitter: https://x.com/EvanWeb3• Twitter: https://x.com/SuiNetwork• LinkedIn: https://www.linkedin.com/in/chengevan/• Website: https://t.co/S0laxwqTPPFOLLOW KEVIN & WHEN SHIFT HAPPENS👇Twitter (X): https://x.com/KevinWSHPod  Instagram:  https://www.instagram.com/kevinwshpod/  TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://www.podpage.com/when-shift-happens/__________________________________DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.#Entrepreneurship #Crypto #news __________________________________0:00 Introduction 1:40 Please Subscribe2:06 Partnerships2:55 The Problem With Centralization7:23 Why Ethereum Is Centralizing12:35 Who is Evan Cheng?13:15 Self Custody with Trezor14:08 Timing a 20-Year Vision15:11 Motivation From Being Ignored19:31 Giving Everyone Real Agency20:45 High Agency Person22:47 Proving Skeptics Wrong26:51 Nothing Has Truly Won27:55 Cryptocurrencies Fascination29:29 Lessons Learned From Novi35:17 Starting a Company at 5040:09 Why I Became the CEO41:22 Challenges of a CEO42:14 Not Destiny, Just Conviction44:03 What is Mysten Labs?45:51 Five Unmanageable Founders48:11 How Five Co-Founders Work54:02 What is SUI Network?55:19 Is SUI the Next SOL?56:50 Progress on Big Vision59:55 Decentralized Business Potential1:04:06 Proud, But Never Satisfied1:06:34 What Truly Makes Me Happy1:08:13 Non-Consensus Beliefs1:09:17 Prediction for the Next 12 Months1:13:10 Concluding Remarks