During a recent Ask Me Anything (AMA) session on Reddit, Sandeep Nailwal, co-founder of Polygon, shared his thoughts on the real-life use cases of blockchain technology and the potential for crypto adoption. Nailwal expressed his belief that gaming has the potential to be the largest-scale opportunity for cryptocurrency. He highlighted the significant funding of over $2 billion that went into Web3 games last year, with Polygon and its ecosystem players like Immutable X securing a significant share of those funds.
Nailwal also addressed the issue of crypto speculation, acknowledging that while it has its drawbacks, it has also attracted top talent to the industry. He compared the speculative nature of the crypto market to historical examples like the Gold Rush and the Dotcom boom, stating that early speculation is common in potentially disruptive industries.
When questioned about decentralization, Nailwal emphasized that most blockchain ecosystems, apart from Bitcoin and Ethereum, are still in their early stages and not fully decentralized. He emphasized the importance of progressive decentralization as protocols and applications gain significance over time.
One Reddit user raised concerns about Polygon's low Nakamoto Coefficient rating, indicating a potential lack of decentralization. Nailwal clarified that Polygon is a multi-blockchain ecosystem with two live public blockchains: Polygon POS and Polygon zkEVM. While the Nakamoto coefficient for Polygon POS is lower, it is still higher than many other large blockchains. Nailwal reassured users that Polygon is actively working on increasing decentralization and plans to have thousands of validators in the ecosystem.
Overall, Nailwal expressed optimism for the future of blockchain technology, particularly in the gaming industry, and acknowledged the need for continued development and decentralization to drive widespread adoption.