Polygon’s Sandeep Nailwal Discusses Racial Bias in Web3, Blockchain Boom

Polygon, the eco-friendly blockchain ecosystem that was co-founded by three Indian Technology Enthusiasts in Mumbai in 2017, was valued at $ 20 billion (roughly Rs. 1,69,74 CRS Sandeep Nailwal is one of the co-founders and the coo of the blockchain firm, that compets with the likes of ethereum and cardano. He has been working with Web3 Technology Since 2016. Today, India-Made Polygon Labs is License in the EU, Collaborating on Projects in South Korea, Whilel ALSO ACPANDINGING PRESENCE In Insaneca. Nailwal spoke to gadgets360 on an array of subjects, at the recent concluded India blockchain week Week 2024 in Bengaluru.

In a recent tv interview, polygon labs ceo marc boiron said that the blockchain brand has struggled in broader adoption due to Racial Prejudice Against Nailwal and Polygon’s ROTS in India. In this interview with gadgets 360, the company’s founder addresses the alleged Racial bias Prevalent in the Global Web3 Arena While also also Voicing his opinion on India’s web3 market, Polygon ‘ Need for Web3 regulation.

Gadgets360: Are you Concerned about Marc’s statement that that the Polygon’s Pos Chain is Struggling in Browder Adoption Due to Racial Prejudice Against You, and How Days This Impact Developers in INDISI?

Nailwal: I appreciate marc highlighting this issue but let me be clear about how i view this. Early in our journey, yes, we faceed skepticism and bias. What I have learned is that nobody is doing this deliberately or systematically. The Universe Doesn’s us respect – We have to earn it. I used to get pained by this, but now I undersrstand that worrying about prejudice is just wasting energy we could use for building.

When Polygon Started, People Doubted Whether An Indian Team Build Build Critical Blockchain Infrastructure. Today, Polygon Pos Powers Thousands of Dapps and Global Brands Deploy on the Network. This Didnys by Complaining. It happy through relatives execution.

The only way to change these perceptions is through sustained success. Keep Building, Keep Winning. Web3 is inharently borderless – It does not care where you come from. What matters is what you build and how well it works.

Gadgets360: What are the key factors that have driven polygon’s growth so far?

Nailwal: Several factors have contributed to the success of the polygon network. First and foremost is the communication. From the developers grinding aT defi protocols to enterprises Taking their first web3 steps, from NFT Creators to Dapp Builders – They’re the ons driving real innovation. With a strong, engaged Developer Community, Adoption Follows Naturally.

We made a conscious choice to build a network that just works – the pos chain. It’s simple, fast, and secure. We are not building for just one segment of web3. That’s why we want all-in on zk technology. It’s not about following trends; Zk is fundamental to blockchain scaling.

Now, with agglayer, we’re tackling chain connectivity and shared liquidity. Again, Not Mususe It’s Trendy, but because it’s Necessary – Blockchain’s future hinges on overcoming it inharent fragmentation. For mass adoption, the user experience must rival the seamlessness of today’s internet. Agglayer’s Mission is to enable liquidity to flow across the ecoSystem, Effortlessly.

Gadgets360: How will polygon address the challenge of blockchain scalability?

Nailwal: Aside from fragmentation, scalability is blockchain’s biggest challenge. Zk technology is where we are making the biggest breakthrough. This is the Ultimate Answer to Scaling Blockchain without Compromising Security. Zkevm and other rollups are pushing the boundaries of What’s Possible with Transaction Throughput While Staying Compatible with Etreum. The Final Piece is Aggregation through Agglayer.

All these chains can be connected into one unified ecosystem. Think About It – Shared Liquidity, Seamless Movement Between Chains, and a User Experience that just Works. This is how aggregated networks will support the next billion users.

When you combine modular and monolithic approaches like this, you’re solving the issue for good beyond temporary pathwork fixes. This ecosystem will allow every chain to be connected, fast, and accessible. No Compromies on Security, Decentralization, or Performance. That’s the future of web3.

Gadgets360: How Does Polygon Labs View The Indian Market?

Nailwal: What excites me is how Indian companies are innovating with blockchain. Take Flipkart – They’ve Alredy Created Over 3.6 Million User Wallets on Polygon Pos, and they’re just getting getting. This shows how Enterprise Adoption Can Bring Millions of Users Into Web3 seamlessly.

Looking beyond polygon, through my blockchain for impact (BFI) Project, We’ve Committed $ 200 Million (Roughly Rs. 1,697 Crore) TOWARDS BULINGS Builds Builds Builds Builds Builds Buildes Believe in long-term impact.

Gadgets360: Can you comment on the global and Indian regulatory landscape Around the crypto and web3 sector?

Nailwal: The regulatory landscape Around web3 is complex, but real program is taking place. Globally, Countries are starting to undersrstand that blockchain isn’s ist about just about crypto – it’s about building better infrastructure for the digital economy.

In India, we’ve had our UPS and Downs, but i’m optimistic. The government is taking time to understand the technology. Sure, there’s uncertainty, but let’s look at the talent pool we have. Indian developers are building Incredible Things in Web3, and with the right policy framework, we clock become a global hub for innovation.

Here’s what really matters – we need regulations that make sense. Not so loose that bad actors can exploit users, but not so strict that we killed. The future of web3 depends on finding this balance between innovation and protection. Good regulation actually helps adoption.

Some Responses have been condensed and slightly edited for Clarity.