Sonny Mohanty’s Interview With TheNewsCrypto

World Blockchain Summit (WBS) is the world’s longest-running blockchain, crypto, and Web 3.0-focused summit series. Since its inception in 2017, it had more than 20 editions in 11 countries and strives to create the ultimate networking and deal flow platform for the Web 3.0 ecosystem.

Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others. Below is TheNewsCrypto’s exclusive interview with Sonny Mohanty, CEO of Eternalus.

About Sonny Mohanty

Sonny Mohanty is the CEO of the crypto trading platform Eternalus. Eternalus is a CEX from the NORDEK blockchain ecosystem. Sonny is also an advisor and global strategy officer for NORDEK. Based in Singapore she oversees the APAC expansion of NORDEK.

Hi, can you please introduce yourself and your company?

My name is Sonny Mohanty. I’m the CEO of the Eternalus crypto trading platform. Eternalus crypto trading is a centralized exchange, which belongs to the Nordek ecosystem. Nordek is a layer 2 blockchain.

What is your motto behind attending WBS Dubai 2023?

Good question, I just joined Nordek a couple of days back. And World Blockchain Summit is a very big name in the blockchain space, where you meet other like-minded people. You can crack many partnerships and meet investors. The whole purpose of our sponsoring this event was to talk to people about Nordek and the Nordek ecosystem. And crack meaningful strategic partnerships.

Centralized banks are collapsing on one side. But DeFi is recovering from its doom. What’s your say on this?

Current news about, Silicon Valley Bank, Silver Gate crash, and Credit Suisse is on the verge of crashing. So it proves, this is not a speculation. It proves that banks are failing. Hence, I think people are also understanding that whatever they had heard in history or in the past were not speculations, and were actual forecasts about the future. 

The future is a decentralized world. The future is decentralized finance. So, this is the future and this incident of a series of big bank crashes, altogether is the proof.

How positive are you about the crypto market’s big picture in 2023?

I would say not crypto but web3 which encompasses cryptocurrency as a currency part, then we have the blockchain technology as well and then you have other use cases like NFTs and metaverse. I think I would say the future of web3 which encompasses all these different parts is bright. A lot of enterprises adoption in decentralized finance, as I’m seeing in Singapore. 

A lot of banks are actually approaching decentralized financial institutions for partnerships. So the future is B2B (Business to Business).

 How great do you think the combo of AI and blockchain would be?

I think already AI is working with blockchain. You see the market making ‘Bots’. These bots are nothing, but they are based and built on Artificial Intelligence (AI) and Machine Learning (ML). So they have always been together and with the advancement of ChatGPT.

 I think people are also building innovative products, where blockchain and ChatGPT can be integrated together. And I think this is the future going forward. 

On a scale of 0-10, how would you rate the blockchain-friendly nature of Dubai?

I would say 10 out of 10. Because Dubai has always been in the news. Always been hosting big conferences. Dubai also welcomes guests from all over the world. This is where people actually get a chance to meet in person and exchange ideas, and do business together. Dubai has been friendly from day one and this is how they’s going to be.