6 Questions for Dominik Schiener of the Iota Foundation – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!


This week, our 6 Questions go to Dominik Schiener, a co-founder of the Iota Foundation, a nonprofit organization, and the creator of the Tangle, a permissionless, multi-dimensional distributed ledger designed as a foundation of a global protocol for all things connected. 


Dominik Schiener is a co-founder and the chairman of the Iota Foundation, one of the largest and greenest cryptocurrency ecosystems in the world. The Iota Foundation’s mission is to support the research and development of new distributed ledger technologies, including the Iota Tangle. Raised in Italy, Dominik oversees partnerships and the overall realization of the project’s vision toward the machine economy. He is a strong advocate for research-based, community-vetted, transparent developments in the cryptocurrency sector.


1 — If you were investing in startup companies right now, what kind of blockchain-based business opportunity would catch your eye?

I’d go all-in on startups focused on the intersection of Web2 and Web3. We’re in a transitional period that’s going to last for a long time, and embracing this ongoing transition is smart from both a financial and technical point of view. Companies helping the centralized world move into the decentralized one — and vice versa — are the present and the future. This includes crypto banking, fiat gateways, NFT marketplaces, and so on. The biggest barriers to adoption are user experience, not scaling. Focusing on and investing in UX is the road to mass adoption and to the new world of Web3.

2 — Which people do you find most inspiring, most interesting, and most fun in this space?

I’m drawn to people who have endured and risen above hardship in their personal and professional lives and have become more capable leaders as a result. Naturally, I’m inspired by people like Vitalik Buterin within the crypto space, but I…


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