Polygon’s co-founder sees non-fungible tokens (NFT) and gaming as the way in which persons are drawn to the blockchain. The India-based Ethereum layer 2 firm lately mentioned it was leaning extra into blockchain-based gaming and NFTs by launching a undertaking referred to as Polygon Studios.
Sandeep Nailwal, additionally Polygon’s chief operations officer, mentioned on CoinDesk TV’s “First Mover that “only a few individuals perceive that even within the U.S., [gaming] is larger than Hollywood, [the National Basketball Association] and a number of different industries mixed. Play-to-own and varied different fashions which might be coming in are going to disrupt the enterprise fashions within the gaming trade.”
He added, “All of us imagine that NFT is the gateway to carry plenty into the blockchain.”
NFTs in gaming is likely one of the hotter blockchain traits of the summer season. In Nailwal’s opinion, the vibrancy round gaming is due to play-to-own video games akin to Axie Infinity.
All that is occurring at an attention-grabbing time for Polygon, one of many largest crypto initiatives to come back out of India. The federal government of Pres. Nerendra Modi has made it clear it’s leery of digital belongings. Nevertheless, Nailwal mentioned he has but to come back throughout a single undertaking that confronted authorities interference in India.
“They solely intervene the place there’s retail shopping for and promoting of crypto,” Nailwal mentioned. Nonetheless, the corporate has taken steps to “decentralize” the place it operates. “Nobody can predict the longer term, which is why Polygon has been one of many first initiatives that decentralized its location. Now, most of our workforce is within the U.S., Europe, elements of Southeast Asia.”