The way forward for crypto lies with gaming, based on Sandeep Nailwal, the co-founder of Ethereum (ETH) layer-2 scaling resolution Polygon (MATIC).
Nailwal conducted a Reddit ask-me-anything (AMA) session on Thursday and Friday, responding to questions on his mission and the crypto house at giant.
When requested about potential real-life use instances for the blockchain, the Polygon co-founder said he thought gaming represents the “largest-scale alternative for crypto.”
“And gaming adopts new expertise in hoards. There are some prime video games launching in Web3 within the subsequent 6-18 months and it could be very attention-grabbing to see if a few of them are capable of crack the crypto code. Final yr itself there was $2 billion+ in funding for Web3 video games. Polygon mixed with its ecosystem gamers like ImmutableX (IMX) bought the lion’s share when it comes to these funded video games. Fingers crossed for a few of them to go huge!”
Through the AMA, one other Redditor requested Nailwal why “your complete crypto trade [feels] like a rip-off and a waste of time?”
The Polygon co-founder acknowledged that “90% of crypto tokens are scams” but additionally pointed to a number of the altruistic utility the digital asset house has supplied in recent times.
“I additionally share your frustration that we now have not created that many merchandise which may add worth to Humanity, however there are some issues I wish to share:
- The entire Defi (decentralized finance) house has created quite a lot of monetary primitives like Decentralized Exchanges, Cash Markets and many others who’re presently maturing and can scale as blockchain infrastructure scales and can turn out to be the norm.
- Whether or not it was the Covid aid in India, or Conflict aid efforts in Ukraine or Earthquake aid efforts in Turkey, Crypto expertise and group was on the forefront and for period of time was the one technique to channel within the cash for the aid efforts
- Lots of people in Africa and Latam (Latin America) are right this moment utilizing USDT as a way of preserving their wealth towards inflation of their native foreign money.”
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