Sandeep Nailwal - How Polygon Is Transforming The World Of Decentralised Finance

Co-Founder & COO at Polygon (previously Matic Network)

In recent months, we’ve covered the DeFi and cryptocurrency space in detail. I’ve spoken to early Bitcoin adopters who were making moves back in 2010, and others who only purchased it early last year, yet claim it’s the greatest trade they’ve ever made. I’ve met with altcoin enthusiasts, DeFi developers, price analysts, CEOs, advisors, insiders, outsiders you name it, they’ve all contributed something unique to our broadening horizon.

And yet, today’s guest brings fresh insight and intelligence to the world of decentralised finance, that will help you better understand the complexities of this burgeoning industry. I’m speaking to a man who has sent shockwaves through the industry thanks to his incredible ingenuity and foresight, and the innovative development he and his team have been conducting over the last few years.

Sandeep Nailwal, is an Indian entrepreneur, software developer and co-founder of one of the hottest protocols in the world of DeFi, Polygon. Sandeep is a long time developer who’s been dabbling in the space since way back in his college days. Originally known as the Matic Network, Polygon rebranded earlier this year with the aim to reach a global audience and they’ve certainly done just that.

Polygon currently has £9.8 billion in total locked value and is ranked among the world’s top 15 cryptocurrencies, with the clear aim to break into that heralded top 3 market caps, behind luminaries Bitcoin and Ethereum. What sets Polygon apart, however, is not only are they blazing their own trail, they’re helping expand the entire DeFi space while offering solutions to the Ethereum network that has blown the lid off the capacity and capabilities we once accepted.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks and that most significantly, deals with the scalability issues that have blighted Ethereum’s progress.

The team at Polygon have spent a long time developing and building, working with small teams of developers from the bottom up. By contrast, many Silicon Valley projects are top-down and have venture capitalists supporting them, and access to top projects and applications that help convince them to build on their platform.

Polygon has done their due diligence, they tested and researched, made sure the protocol was fit for purpose and in doing so provided solutions for the many developers that are building applications on Ethereum.

Polygon is now conducting a huge number of transactions every day, whilst simultaneously countering the high gas fees that are a cause of constant frustration. Of course, Sandeep and his team are big on Ethereum, they have to be, but, if anything this just illustrates the unique power of Decentralised Finance, the speed of innovation, how each new project is able to build and improve the network, thanks to their predecessor’s ingenuity.

They’ve got fans in high places, with billionaire Mark Cuban investing heavily in May this year and the rest of the crypto world is starting to take note.

But, it’s the long game that Sandeep is interested in and as is now becoming customary to say, it’s very early days. Sandeep and his team have created something that could see exponential growth in the next 12 to 18 months. They’re providing a platform on which developers have the power to grow DeFi in a way you wouldn’t have imagined only a year ago.

Sandeep for his part is an inspiring and eloquent character. He understands the value of creating a financial system for billions of people and is ready to serve, solve and speculate in order to keep growing the ecosystem. Sandeep has also created the India Covid Crypto Relief Fund, which has raised huge sums of money in coordination with Unicef and the Indian Government. This will be a fascinating episode, full of insight and potential, that is sure to get all DeFi enthusiasts and new entrants alike interested in this area of innovation.

Download clips

A number of clips from this exclusive interview are now available to download, share and repost. Spread the word: grab these clips today!

1. You Don’t Own Anything in Web 2.0
2. Are You Ready for DeFi?
3. Why Aren’t Gas Fee’s Dropping