Gaming Represents the ‘Largest Scale Alternative’ for Crypto, Says Polygon (MATIC) Co-Founder

The way forward for crypto lies with gaming, in response to Sandeep Nailwal, the co-founder of Ethereum (ETH) layer-2 scaling answer Polygon (MATIC).

Nailwal carried out a Reddit ask-me-anything (AMA) session on Thursday and Friday, responding to questions on his challenge and the crypto house at giant.

When requested about potential real-life use circumstances for the blockchain, the Polygon co-founder stated he thought gaming represents the “largest-scale alternative for crypto.”

“And gaming adopts new expertise in hoards. There are some high video games launching in Web3 within the subsequent 6-18 months and it will be very fascinating to see if a few of them are in a position to crack the crypto code. Final 12 months itself there was $2 billion+ in funding for Web3 video games. Polygon mixed with its ecosystem gamers like ImmutableX (IMX) obtained the lion’s share by way of these funded video games. Fingers crossed for a few of them to go huge!”

Through the AMA, one other Redditor requested Nailwal why “the complete crypto business [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 offered in recent times.

“I additionally share your frustration that now we have not created that many merchandise which might add worth to Humanity, however there are some issues I wish to share:

1. The entire Defi (decentralized finance) house has created a variety of monetary primitives like Decentralized Exchanges, Cash Markets and many others who’re at present maturing and can scale as blockchain infrastructure scales and can turn out to be the norm.
2. Whether or not it was the Covid reduction in India, or Struggle reduction efforts in Ukraine or Earthquake reduction efforts in Turkey, Crypto expertise and neighborhood was on the forefront and for an excellent period of time was the one method to channel within the cash for the reduction efforts
3. Lots of people in Africa and Latam (Latin America) are right this moment utilizing USDT as a way of preserving their wealth in opposition to inflation of their native foreign money.”

Generated Picture: Midjourney