Sandeep Nailwal, Co-founder Polygon

Sandeep Nailwal, Co-founder Polygon

Software engineer for Computer Sciences Corporation since 2010, Sandeep Nailwal is a software developer based in Delhi. He became a consultant with Deloitte in 2014, where he worked on management consulting and program management projects. Nailwal served as the Welspun Group's chief technology and supply chain officer from 2015 to 2016.
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Nailwal established ScopeWeaver as CEO in March 2016, but soon developed an interest in artificial intelligence (AI) and blockchain technology. As co-founder and COO of Polygon (Matic Network), Nailwal joined the company in 2017.


The Polygon network has been buzzing with excitement recentely as developers have been working on and implementing a number of big enhancements that align with the 2.0 roadmap. However, there may still be more to come if recent tweets from Sandeep Nailwal, the executive chairman of Polygon Labs, are to be trusted.

The co-founder of Polygon has hinted at significant announcements in November 2023, igniting a frenzy that has driven up the value of Polygon’s native token, MATIC.

“There is no rule that an existing token can’t do a massive airdrop,” Nailwal had hinted to users of Polygon’s Ethereum Layer 2 solution Polygon zkEVM in May 2023 about the potential for an airdrop. The proposed change of the Polygon ecosystem token from MATIC to POL has only helped to feed rumors even though none of this has been verified.

Here you can watch the interview with Sandeep Nailwal:


On the platform, there are more than 3,000 active development teams, and Nailwal claims the number will soon rise to 5,000. Additionally, he noted that compared to Ethereum, Polygon now has 50% more daily active users. In 2022, when the Metaverse craze starts, it will be interesting to see how gaming and NFTs’ rising popularity play a role.

Due to the growing acceptance of Polygon’s blockchain by gaming platforms, NFTs, and decentralized finance, the company’s market capitalization has increased tenfold. In the top 20 cryptocurrencies by market capitalization as of December 31, 2021, MATIC had a market value of $18 billion.

On December 17, 2021, Polygon announced the creation of a $200 million venture capital fund alongside startup Seven Seven Six, founded by Reddit co-founder Alexis Ohanian. The alliance has ambitions to invest in projects being created on Polygon for gaming, social networking, and Web 3. In 2022, it is anticipated that having various platforms built on Polygon will significantly increase network usage.

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