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HomeTechnology‘We did not see it coming’: Polygon’s founder Sandeep Nailwal on FTX...

‘We did not see it coming’: Polygon’s founder Sandeep Nailwal on FTX collapse


Illustration by Manali Ghosh

Synopsis

Gloom and shock unfold throughout the Internet 3 fraternity as Sam Bankman-Fried’s FTX collapsed. Amid depths of uncertainty, there nonetheless are some firms which have sufficient runway and are staying optimistic regardless of the developments. Polygon is one such firm. ET Prime spoke to its co-founder Sandeep Nailwal and tried to get his view of issues.

Polygon, based by Sandeep Nailwal, Jaynti D Kanani and Anuraj Arjun in 2017 in India, was one of many fastest-growing Web3 firms having raised USD450 million at first of 2022.The corporate was began with the thought to unravel issues like scaling and the massive prices of transactions related to Ethereum.It has partnered with prime enterprises reminiscent of Meta, Reddit and JP Morgan Chase on totally different tasks. For the reason that starting of the

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