In a current TV interview, Polygon Labs CEO Marc Boiron mentioned that the blockchain model has struggled in broader adoption resulting from racial prejudice towards Nailwal and Polygon’s roots in India. In this interview with Gadgets 360, the corporate’s founder addresses the alleged racial bias prevalent within the international Web3 area whereas additionally voicing his opinion on India’s Web3 market, Polygon’s future, and the pressing want for Web3 regulation.
Gadgets360: Are you involved about Marc’s assertion that that the Polygon’s PoS chain is struggling in broader adoption resulting from racial prejudice towards you, and the way does this influence builders in India?
Nailwal: I recognize Marc highlighting this concern however let me be clear about how I view this. Early in our journey, sure, we confronted skepticism and bias. What I’ve discovered is that no one is doing this intentionally or systematically. The universe would not owe us respect – now we have to earn it. I used to get pained by this, however now I perceive that worrying about prejudice is simply losing vitality we may use for constructing.
When Polygon began, individuals doubted whether or not an Indian crew may construct essential blockchain infrastructure. Today, Polygon PoS powers 1000’s of dApps and international manufacturers deploy on the community. This did not occur by complaining. It occurred by way of relentless execution.
The solely strategy to change these perceptions is thru sustained success. Keep constructing, maintain successful. Web3 is inherently borderless – it would not care the place you come from. What issues is what you construct and the way effectively it really works.
Gadgets360: What are the important thing elements which have pushed Polygon’s development to this point?
Nailwal: Several elements have contributed to the success of the Polygon community. First and foremost is the group. From the builders grinding away at DeFi protocols to enterprises taking their first Web3 steps, from NFT creators to dApp builders – they’re those driving actual innovation. With a powerful, engaged developer group, adoption follows naturally.
We made a acutely aware option to construct a community that simply works – the PoS chain. It’s easy, quick, and safe. We aren’t constructing for only one section of Web3. That’s why we went all-in on ZK expertise. It’s not about following tendencies; ZK is prime to blockchain scaling.
Now, with AggLayer, we’re tackling chain connectivity and shared liquidity. Again, not as a result of it is fashionable, however as a result of it’s a necessity — blockchain’s future hinges on overcoming its inherent fragmentation. For mass adoption, the consumer expertise should rival the seamlessness of at this time’s web. Agglayer’s mission is to allow liquidity to circulation throughout the ecosystem, effortlessly.
Gadgets360: How will Polygon handle the problem of blockchain scalability?
Nailwal: Aside from fragmentation, scalability is blockchain’s largest problem. ZK expertise is the place we’re making the largest breakthrough. This is the final word reply to scaling blockchain with out compromising safety. zkEVM and different rollups are pushing the boundaries of what is doable with transaction throughput whereas staying appropriate with Ethereum. The last piece is aggregation by way of AggLayer.
All these chains will be related into one unified ecosystem. Think about it – shared liquidity, seamless motion between chains, and a consumer expertise that simply works. This is how aggregated networks will help the following billion customers.
When you mix modular and monolithic approaches like this, you are fixing the problem for good past short-term patchwork fixes. This ecosystem will enable each chain to be related, quick, and accessible. No compromises on safety, decentralisation, or efficiency. That’s the way forward for Web3.
Gadgets360: How does Polygon Labs view the Indian market?
Nailwal: What excites me is how Indian corporations are innovating with blockchain. Take Flipkart – they’ve already created over 3.6 million consumer wallets on Polygon PoS, they usually’re simply getting began. This reveals how enterprise adoption can deliver hundreds of thousands of customers into Web3 seamlessly.
Looking past Polygon, by way of my Blockchain for Impact (BFI) undertaking, we have dedicated $200 million (roughly Rs. 1,697 crore) in the direction of constructing India’s biomedical capabilities as a result of we consider in long-term influence.
Gadgets360: Can you touch upon the worldwide and Indian regulatory panorama across the crypto and Web3 sectors?
Nailwal: The regulatory panorama round Web3 is complicated, however actual progress is going down. Globally, nations are beginning to perceive that blockchain is not nearly crypto – it is about constructing higher infrastructure for the digital economic system.
In India, we have had our ups and downs, however I’m optimistic. The authorities is taking time to know the expertise. Sure, there’s uncertainty, however let’s take a look at the expertise pool now we have. Indian builders are constructing unimaginable issues in Web3, and with the best coverage framework, we may turn into a world hub for innovation.
Here’s what actually issues – we’d like laws that make sense. Not so unfastened that unhealthy actors can exploit customers, however not so strict that we kill innovation. The way forward for Web3 relies on discovering this stability between innovation and safety. Good regulation really helps adoption.
Some responses have been condensed and barely edited for readability.
