Sandeep Nailwal, Co-Founder and COO of Matic Networks
Sandeep Nailwal co-founded Matic Network in 2018 and served with his team to give it a global head in the blockchain space with a $200 million market cover. Today, Matic Network is one of the fastest-growing DApps (decentralized applications) platforms allowing tonnes of applications utilization of blockchains in their sales models and creating community-centric businesses.
Passing out from a top B-School in India, Sandeep has been associated in multiple enterprises ranging from health and fitness, retail e-commerce to productized B2B services. This has given him a breadth of knowledge that has been helpful in the success of his efforts. He has been working with many government institutions (especially in India), helping them utilize blockchain technology in a way that creates a more corruption-free, honest, efficient and inclusive environment for our billion-people strong country. He, simultaneously with the Matic Network team, is widely seen as the one who has fuelled the Indian blockchain developer ecosystem to its current heights due to endless efforts in building the blockchain development community in India with hackathons, developer grants, mentorship, investments, etc.
Matic is a leading layer-2 scaling solution for Ethereum. It proposes to provide mass adoption-ready support to DApp developers and is recognized as the protocol project that puts India on the global blockchain activity map. It is one of the fastest-growing DApps platforms on the blockchain.
Why he is on Trending ?
Polygon, founded by three Indians Sandeep Nailwal, Jaynti Kanani, and Anurag Arjun breached $10 billion in market capitalisation last week. And at $13 billion currently, it is among the top 20 crypto tokens globally, according to Coinmarketcap.com.
Polygon (previously Matic Network) has seen its market cover surge ten-fold after February, owing to increased adoption of its blockchain by players in gaming, non-fungible tokens (NFTs), and DeFi (decentralized finance).