Co -founder of Polygon, Sandeep Nailwal, sets a fresh course for the network, supporting a single leadership model as necessary for its future.
In an interview with Cointelegraph, Nailwal said that the departure from management conducted by the management is not only a structural change, but a strategic reaction to inefficiency that slowed down Polygon’s rush.
On June 11, he announced that he would take over the position of the General Director of the Polygon Foundation, describing the decision, if necessary, introduce a “bright direction and concentrated performance” to the next chapter of the project.
Now, under his only leadership, the Western Ethereum scaling project will take place on ZKEVM and focus on payments in the real world (RWAS) and Stablecoin via Polygon POS, using his AGGLAYER to realize the dream of building internet blocks.
Nailwalwal on a polygon conducted by “Mentality of easement”
In January, the co -founder of Ethereum Vitalik Buterin moved the debate, declaring the only authority of decisions regarding the leadership of the Ethereum Foundation.
“It’s exactly the same, except that I said I was a director,” said CointeLgraph, referring to his own role.
After the erection of Polygon in 2021 and 2022, the project was aimed at “institutionalizing” by reflecting the structures of vast companies. The Polygon Foundation was supervised by a-model plaque, which has now been dissolved, leaving the nails as the only decision maker.
“It definitely took a lot of time. Decisions that should be made within two weeks, sometimes lasted two months,” he said.
Nailwal said that improving decision making does not mean abandoning empathy. He still has something that he calls the “mentality of easement”, the style of leadership shaped by his upbringing. Both his grandparents were servants in a wealthy household in which they met and organized a marriage of his parents.
“I think that history gave me this rooted tendency to keep everyone, and I still feel like that. When someone is happy, you will get a dopamine hit – every person – but in my case he is deeper.”
He recognizes this instinct to support in building the early Polygon community. Nailwal was one of the few founders of the highest level protocol, which he personally got involved with retail users, often responding to messages on a telegram. Only recently did he place handrails on his personal accounts.
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“In the case of retail, if the token is over, they are happy. If it is not, they are bad,” he said. “It took me two or three rounds of this cycle to realize that I can’t pour all the energy into it.”
According to Nailwal, the cryptographic industry is also developing-the theoretical research is developing, such as the early development of evidence of zero knowledge and rewarding real adhesion and revenues.
“Everyone thought it would eventually happen, but I think it started more than before,” he said
Zevm Sunset and Rwa Drive Polygon
After the announcement of Nailwalwal, questions about ZKEVM health arose, which is to be withdrawn by 2026. Once known as Hermez Network and acquired In 2021, for 250 million MATIC (POL) (now POL I is worth about $ 250 million at that time), ZKEVM was a Polygon offer for Ethereum equivalence.
“He appeared with a lot of fanfar because all the research; people said:” This is handsome. ” Vitalik [Buterin] And everyone said it was amazing, “Nailwal said.
“But when the end users came to use, it was not expectations in terms of experience. We did not encourage users’ high growth in ZKEVM,” he added.
Assets blocked on ZKEVM fell from over $ 35 million in July 2023 to just $ 2.75 million. According to Donnelad, the chain fought to generate fees and apparently acted with a loss.
Thanks to ZKEVM, the attention of Polygon turns to the POS chain and Agglayer infrastructure. POS still blue hosts Over $ 1 billion in total blocked value, among the best chains of tokena (NFT) transaction and is a home up to around $ 1 billion each in USDC (USDC) and Tether’s USDT (USDT).
Although the NFT market has fallen, Nailwal said that significant NFT would continue. He compared the speculative NFT to Memecoins, saying that the “noise phase” has passed, removing space for higher quality projects. He added that the basic NFT technology remains a key player for toxo assets that can be either fungic or non -financial.
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“NFT technology will be absolutely used in tokenization and wider RWA applications,” he said.
“We focus on real NFT – not on speculative, false – it paid off. Now it is very clear that Stablecoin payments and toxization will be two great cases of use.”
The Polygon plant for these two cases of using blockchain is in line with global trends. The US Senate adopted a brilliant bill of the Stablecoin Act on June 17 as global discussions on the regulation. Meanwhile, RWA is charging institutional interests, including Blackrock, which runs the Fund of the Money toxicated Market Fund in many chains, including Polygon.
Polygon road to 100,000 TPS
Polygon tried to fit in an institutional trend, creating a board after collecting $ 450 million in the 2022 investment round, which included Sequoia Capital, Softbank and Tiger Global.
But now he is coming back to the zero-to-one startup phase. Nailwalwal dismantled the management in the pursuit of improved execution. But when ZKEVM is on the road and the attention of the industry changes rapidly, the burden of proof now rests straight on whether individual leadership can bring real results.
“We have to go back to the actual building of products. Your product must be good and people should pay for it,” said Nailwal.
For him, it also means his evolution as a leader – from keeping the desire to seek the best interest of Polygon.
“This will make some people, both in our community and outside, unhappy. But we have no other choice,” he added.
Nailwal and Polygon set up all this on the “Gigagas” road map, which aims to scale the network to 100,000 transactions per second. It adapts to contemporary rivals who scale their networks or introduce faster locks.
Until now, the community’s reaction to the nail claiming that the only leadership in Polygon was mixed. Some praise his position of the General Director of the War, while others point to the steep ZKEVM detour.
Despite this, Nailwal believes that a faster decision-making process is what the moment requires: “Life gave me a chance to play at a global level. I have to be the 25-year-old child who was ready to enter.”
Whether it is a bet that it pays off will probably become clear until the end of the year, because the network is racing to achieve the milestone of TPS and prove its significance in the maturing cryosystem of the cryptocurrency.
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