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Sandeep Nailwal is an Indian entrepreneur and the founder of Polygon, a blockchain-based platform for decentralized finance (DeFi). He is also the co-founder of Matic Network, a Layer 2 scaling solution for Ethereum.
As of now he has a combined net worth of $1 billion and is India’s first crypto billionaire.
Background
Sandeep Nailwal was born in India and grew up in a small village in the state of Uttar Pradesh. He was always interested in technology and was fascinated by the potential of the internet. After completing his schooling, he went on to pursue a degree in computer science from the Indian Institute of Technology (IIT) in Delhi. He also attended the National Institute of Industrial Engineering, one of the top schools in India, where he received an MBA degree in Finance and Supply Chain Management.
After graduating in 2010, Sandeep worked as a software engineer at a few companies, including working at Deloitte as a consultant where his main job was to communicate with the board of direction and manage program initiatives. In 2015, he was offered the role to become Technical Lead at Welspun Group, one of the largest textile companies in India.
Shortly after he went on to launch his own startup named ScopeWeaver.com, a marketplace for professional services. This company was there to design and developed the architecture of decentralized applications (dApps). This was the time when Nailwal got really interested in AI and blockchain. He served as the CEO of ScopeWeaver until Oct 2017.
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Laying the foundations for Polygon
In 2018, Sandeep Nailwal founded Polygon, a blockchain-based platform for decentralized finance (DeFi). Polygon is a Layer 2 scaling solution for Ethereum, which allows developers to build and deploy decentralized applications (dApps) quickly and easily. It also provides a secure and reliable platform for users to interact with DeFi protocols and applications.
Sandeep has been instrumental in the development of Polygon, and has been actively involved in the project since its inception. He has been responsible for the development of the platform’s core infrastructure, as well as its various features and services. He has also been involved in the development of the Polygon SDK, which allows developers to easily build and deploy dApps on the platform.
Sandeep is also the co-founder of Matic Network, a Layer 2 scaling solution for Ethereum. Matic Network is a sidechain-based scaling solution that allows developers to build and deploy dApps quickly and easily. It also provides a secure and reliable platform for users to interact with DeFi protocols and applications.
Other efforts and achievements
He’s a very passionate advocate for blockchain technology and its potential to revolutionize the way people interact with money. He is committed to building a secure and reliable platform for users to interact with DeFi protocols and applications. He is also committed to helping developers build and deploy dApps quickly and easily.
Sandeep is a highly respected figure in the blockchain space and is often invited to speak at various conferences and events. He is also a mentor to many aspiring entrepreneurs and developers in the blockchain space.
Sandeep is a visionary entrepreneur who is committed to building a secure and reliable platform for users to interact with DeFi protocols and applications. He is also committed to helping developers build and deploy dApps quickly and easily. He is a passionate advocate for blockchain technology and its potential to revolutionize the way people interact with money.
Under his guidance, the Polygon network had a breakthrough in 2021 when the price of their native token Matic increased by 29,000% breaking all previous records.
In 2022, there are almost 3000 active development teams working on the Polygon platform and the number of users has increased by more than 50% because of the popularity of NFTs, etc.
We can surely say that Sandeep Nailwal has taken the Polygon in the right direction
One of the most inspirational and key moments of his life was during the COVID-19 pandemic when he started a relief campaign for India to get the global crypto community to donate money to help with the financial needs in India.
This campaign was started by one tweet 👇🏼
Can’t take this sitting down anymore, I am going to run a Covid relief campaign in lie of what’s going on in India.
Need help from the Global crypto community.
I will take full responsibility for transparency, funds usage and regulatory compliance
Nailwal got donations from the Coinbase execs, Hubspot founders, Metapurse and more. The most important figure among donors was Vitalik Buterin, the founder of Ethereum.
Vitalik donated $1 billion worth of Shiba Inu coins. All the donations were made using cryptocurrency and the transactions were made in seconds. The total USD value of donations was of $470 million.
Nailwal is currently living in Dubai and has teams distributed across India, the USA, UAE, etc. He is working even harder to expand the Polygon ecosystem.