Interview: Abhishek Singh Rajpurohit, Co-Founder and CMO of Acknoledger, a Web 3.0 startup

Interview: Abhishek Singh Rajpurohit, Co-Founder and CMO of Acknoledger, a Web 3.0 startup

At Sugermint Media, our aim is to bring to our entrepreneurs community some of the inspiring and motivational stories from the entrepreneurial ecosystem.

As part of this endeavour, we invited yet another passionate entrepreneur Abhishek Singh Rajpurohit, Co-Founder and CMO of Acknoledger, a Web 3.0 startup for an exclusive interview with us.

Who is Abhishek Singh Rajpurohit?

Abhishek Singh Rajpurohit the Co-Founder and CMO of a Web 3.0 startup called Acknoledger which is a Global Consortium that maps, monetizes, and distributes Web 3.0 Digital Assets Seamlessly across all the Metaverse and Gaming NFTs.

Launched product in October 2021 and raised a funding of around 4.2 million and are a publicly-traded cryptocurrency Currently, he is working on a new start which is an amalgamation of gaming and blockchain and will be launched in the summer of 2022.

He is an MBA graduate from Symbiosis Institute of Media and Communication, He has authored a book on online reputation Management “ Protect your online identity like your virginity” and he is quite vocal about the darker side of the digital age. Also featured on TED talks MUMBAI.

What service(s) or product(s) do you offer at Acknoledger?

Abhishek Singh Rajpurohit: We are solving the problem of MAPPING, MONETIZING and DISTRIBUTION of digital assets (NFTs) in WEB 3.0. Our business model works on M2D model:

MAPPING ASSETS: Indexing all the NFTs across all the Gaming, Metaverses, NFT Marketplaces, so that NFT collectors can leverage the insights for an informed decision making.

MONETIZING: Helping existing Web 2.0 and Web 3.0 content platforms to monetize their content as NFTs through our APIs and channels.

DISTRIBUTION: Marketing and Distributing the content across multiple Metaverses by tracking-mapping interoperability and explore trading opportunities for Institutional & Retail Investors.

Below mentioned are the features of our product:

• Lifecycle Tracking and Plagiarism check of NFTs
• Interoperability Check of NFTs
• Facilitating new ways of revenue for NFT collectors by leveraging arbitrage opportunities, trending NFTs, Brand Promotions, etc.
• Utility, scarcity, social proof, and many other features tracking of NFTs through UCNS

What is unique about your brand?

Abhishek Singh Rajpurohit: We developed the Universal Content Number Scheme (UCNS). It is used to create an Ecosystem to map all the NFTs across the Metaverses. UCNS is the World’s first decentralized nomenclature system that will be adopted and used as a Universal Standard. UCNS will be used to verify the authenticity of NFTs across the Digital Universe.

What made you choose this type of business?

Abhishek Singh Rajpurohit: Initially, we planned to focus only on the Scientific Research Segment but as we started going ahead, we realised our project has so much potential.

AcknoLedger is word derived from Acknowledgement. Whenever you publish anything on AcknoLedger you get Acknowledgement and that’s why we call it AcknoLedger.

AcknoLedger is a global platform that maps, monetize, and distributes Web 3.0 digital assets seamlessly across all the metaverses and gaming NFTs.

What was your mission and vision at the outset?

Abhishek Singh Rajpurohit: AcknoLedger will be the Nervous System of Web 3.0 Digital Assets which will map, monetize, and distribute Web 3.0 Digital Assets across all the metaverses.

AcknoLedger will become the Web 3.0 version of Google and Amazon for Web 3.0 Digital Assets. AcknoLedger will aggregate all the Metaverses at one place and will open a huge door of opportunities.

How many employees in your organization?

Abhishek Singh Rajpurohit: We have 15+ employees who are working full time for AcknoLedger and a few other freelancers.

What’s your company’s goals?

Abhishek Singh Rajpurohit: To become the Web 3.0 version of Google and Amazon for Web 3.0 Digital Assets

What was the inspiration behind turning an entrepreneur

Abhishek Singh Rajpurohit: Instead of working for someone else, I always wanted to work for myself and be my own boss. My favourite entrepreneur and whom i look forward to is Mr Narayan Murthy, who changed the face of IT space not only in India but across the globe. These are mainly the inspirations which helped me in turning into an entrepreneur.

What have been some of your failures, and what have you learned from them?

Abhishek Singh Rajpurohit: My biggest mistake was not moving fast while working on my first ed-tech startup. By the time we learnt things and thought of applying things, the ed-tech industry already took its pace and grew very fast.

However, the projects that I am working for or those that I will work in future, I try not to miss any opportunity and keep up with the industry’s pace. Do not waste time in taking an initiative.

Key things to consider before starting a startup

Abhishek Singh Rajpurohit: Spend less and hustle more

What are some of the biggest mistakes you’ve made?

Abhishek Singh Rajpurohit: My biggest mistake was not moving fast while working on my first ed-tech startup. By the time we learnt things and thought of applying things, the ed-tech industry already took its pace and grew very fast.

However, the projects that I am working for or those that I will work in future, I try not to miss any opportunity and keep up with the industry’s pace.

If you had one piece of advice to someone just starting out, what would it be?

Abhishek Singh Rajpurohit: I would suggest 3 things to someone who is starting out in the journey of becoming an entrepreneur:
1- Never stop learning something new
2- Network as much as possible
3- Be a problem solver

Your success tips for young and aspiring entrepreneurs

Abhishek Singh Rajpurohit: A young entrepreneur will have too much to learn and apply so they should not think too much about the end goal and should give it a start.

It’s all about how hard you work and always remember why you started, which will help you to stick around it for a longer period of time. Do not create a timeline for success, it will happen one day if you are dedicated enough to it.

Website: https://acknoledger.com

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