Sandeep Nailwal, Co-founder Polygon

Nailwal established ScopeWeaver as CEO in March 2016, but soon developed an interest in artificial intelligence (AI) and blockchain technology. As co-founder and COO of Polygon (Matic Network), Nailwal joined the company in 2017.

2023

The Polygon network has been buzzing with excitement recentely as developers have been working on and implementing a number of big enhancements that align with the 2.0 roadmap. However, there may still be more to come if recent tweets from Sandeep Nailwal, the executive chairman of Polygon Labs, are to be trusted.

The co-founder of Polygon has hinted at significant announcements in November 2023, igniting a frenzy that has driven up the value of Polygon’s native token, MATIC.

“There is no rule that an existing token can’t do a massive airdrop,” Nailwal had hinted to users of Polygon’s Ethereum Layer 2 solution Polygon zkEVM in May 2023 about the potential for an airdrop. The proposed change of the Polygon ecosystem token from MATIC to POL has only helped to feed rumors even though none of this has been verified.

Here you can watch the interview with Sandeep Nailwal:

2022

On the platform, there are more than 3,000 active development teams, and Nailwal claims the number will soon rise to 5,000. Additionally, he noted that compared to Ethereum, Polygon now has 50% more daily active users. In 2022, when the Metaverse craze starts, it will be interesting to see how gaming and NFTs’ rising popularity play a role.

Due to the growing acceptance of Polygon’s blockchain by gaming platforms, NFTs, and decentralized finance, the company’s market capitalization has increased tenfold. In the top 20 cryptocurrencies by market capitalization as of December 31, 2021, MATIC had a market value of $18 billion.

On December 17, 2021, Polygon announced the creation of a $200 million venture capital fund alongside startup Seven Seven Six, founded by Reddit co-founder Alexis Ohanian. The alliance has ambitions to invest in projects being created on Polygon for gaming, social networking, and Web 3. In 2022, it is anticipated that having various platforms built on Polygon will significantly increase network usage.

Latest news about Sandeep Nailwal

• Polygon Labs and the NEAR Foundation are collaborating to create a zero-knowledge (ZK) prover for Wasm blockchains, linking Wasm-based chains with the Ethereum network and Polygon’s multichain ecosystem. The zkWasm prover aims to optimize scalability and decentralization, integrating the NEAR Protocol with Ethereum’s ecosystem. The collaboration aims to enhance the Web3 spectrum.
• US-based NFT platform Magic Eden has introduced three new features to improve NFT trading on the Polygon Proof of Stake (PoS) blockchain. The first feature is the NFT aggregation tool, which centralizes information from various Polygon PoS marketplaces, allowing traders to make well-informed decisions. The company has also implemented royalty enforcement on its Polygon PoS marketplace via a payment processor to protect creator fees. The Polygon API will be made publicly available, allowing external projects and developers to integrate with Magic Eden’s marketplace features.
• Hong Kong has greenlit retail cryptocurrency trading and licensed several crypto exchanges, establishing the city as an ascending force in the Web3 sector. Polygon’s ecosystem is buzzing with activity, with unique NFT drops and collaborations with HSBC Ventures, Animoca Brands, AWS, and Polygon Labs. Hong Kong’s commitment to nurturing a thriving Web3 ecosystem is paving the way for an equitable future.

Latest Social posts of Sandeep Nailwal