The Web3 world is set to conquer or rather evolve almost all that we have gotten used to in the Web2 space. Starting from ownership of the content to gaming. While there are so many new developments being worked upon every day, the co-founder of Polygon MATIC, Sandeep Nailwal, did an AMA (Ask Me Anything) session on Reddit on May 24, 2023, to answer some of the questions the community had regarding the crypto space and the Web3 world.
— Polygon (Labs) (@0xPolygonLabs) May 23, 2023
The Ethereum Scaling platform, Polygon, has been making various upgrades to its network, post the Shanghai Capella upgrade on the Ethereum Network. However, when asked by a community member about what feature of Web3 might lead to the wider adoption of the crypto space besides investing and payment, Nailwal responded by saying that he believes Web3 gaming will eventually be the one to become the biggest driver of mass crypto adoption.
With the question about at-scale genuine “real life” use cases for the blockchain ecosystem, apart from trading and payments, Sandeep Nailwal commented that, “There are some top games launching in Web3 in the next 6-18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.”
This belief might also be the driver for the partnership between Polygon and Immutable X, that took place back in March 2023. The partnership had been built in order to build a scalable gaming blockchain by making use of Polygon’s zk-rollup tech, which is EVM compatible. The network is also set to introduce and make faster blockchain gaming, among other things, in the upcoming months.
Additional Read: What is Polygon zkEVM?
While the real life use case of blockchain has been a point of interest, there had also been questions regarding the nature of the crypto space taking a turn to become ‘too speculative in nature’. To this Nailwal responded, saying,”It has always been, and that has been both the boon and the bane of crypto. But one could argue that any potential big industry invites a lot of speculation early on, it was the same with Gold rush area and it was also the same for the Dot com boom.”
The community did not only stick to the crypto space as the subject of discussion, but also ventured into a few questions regarding Polygon’s network. One member asked a question regarding Polygon’s low Nakamoto Coefficient rating; which in case of a PoS network, is essentially an understanding of how many node operators together manage about one-third (33.33%) of all stakes on the network.
As an answer to the question about Polygon having only 4 as its rating, Nailwal said, “Polygon is a multi-blockchain ecosystem which has currently two Public blockchains live, namely Polygon POS and Polygon zkEVM. Polygon POS chain does have a lower Nakamoto coefficient but it’s still bigger than many fairly large blockchains.”
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