Claim Giveaway Token
Follow On Google News

Polygon Founder on the zkEVM controversy, I Won't Stop

  • Polygon co-founder Sandeep Nailwal predicts that the zkEVM mainnet will launch shortly and believes that MATIC deserves to be in the "Top 3."

  • Co-founder of Polygon Sandeep Nailwal declared on Thursday that Polygon (MATIC), Bitcoin (BTC), and Ethereum need to be included in the "Top 3." (ETH). 

  • Nailwal asserts that the "world's first zkEVM mainnet is almost here" following the establishment of the zkEVM testnet last month. The agreements between Meta, JPMorgan, Reddit, and other businesses and the Ethereum scaling platform Polygon also contributed to a 15% rise in the MATIC price the day before.

04-Nov-2022 By: Shailja Joshi
Polygon Founder on t

Sandeep Nailwal, the co-founder of Polygon, suggests that the

zkEVM mainnet will launch soon and feels that MATIC deserves to be in the "Top 3."

Sandeep Nailwal, a co-founder of Polygon, asserted on Thursday that Polygon (MATIC), along with Bitcoin (BTC) and Ethereum, should be listed in the "Top 3." (ETH). After successfully establishing the zkEVM testnet last month, Nailwal claims that the "world's first zkEVM mainnet is almost here." In addition, the agreements between Ethereum scaling platform Polygon and Meta, JPMorgan, Reddit, and other companies led to a 15% increase in the MATIC price in the previous day.

Polygon co-founder Sandeep Nailwal, Until then, I won't stop.

Co-founder of Polygon Sandeep Nailwal stated in a tweet on November 3 that he will not stop working until Polygon (MATIC) joins Bitcoin and Ethereum as a top 3 cryptocurrency.

I won't stop until Polygon earns a spot in the "Top 3" with Bitcoin and Ethereum. Nothing else even comes close.

Sandeep Nailwal further mentioned that Polygon was chosen by Meta and JPMorgan for their NFT and DeFi-related developments. Instagram users will be able to create, display, and sell digital collections backed by non-fungible tokens (NFTs) on Polygon thanks to Metaverse behemoth Meta. It offers artists a fresh method for interacting with fans and making money off of their digital works.

JPMorgan also used Polygon to complete its first on-chain DeFi trade. As part of the Monetary Authority of Singapore (MAS) Project Guardian, the transaction utilised the tokenized Singapore Dollar (TSD) and Japanese Yen.

Additional partners for Polygon blockchain include Reddit, Stripe, Robinhood, Liverpool FC, Dolce & Gabbana, Adidas, Walmart, and others.

The zkEVM mainnet may soon launch, according to Sandeep Nailwal. After launching the zkEVM testnet successfully last month, Polygon has disproved everyone's assumptions. Today, Polygon announced that the Avail testnet is now operational. To improve the scalability of monolithic blockchains, it is a modular blockchain.

All of this is happening as the first "FULLY BUILT zkEVM" mainnet approaches. It is not a phoney zkEVM mainnet or a promise of a future zkEVM intended to entice new investors; rather, it is a production-grade mainnet that has been FULLY BUILT, with the source code available and verifiable proofs of its functionality and efficiency.

MATIC rate Explodes 10%

The price of Polygon (MATIC) increased by almost 10% in the previous day, with the stock currently trading at $0.9608. MATIC's 24-hour low and high are, respectively, $0.8684 and $0.9843.

While MATIC is making gains after falling below $1, analysts predict that the price will surpass $1 when the overall crypto market recovers.

What are your views on MATIC's future?