Polygon (MATIC), a layer 2 (L2) scaling answer for Ethereum (ETH), will keep on zeroing in on zero-information (ZK) advances as the group accepts it is “a definitive sacred goal for blockchain scaling,” Polygon’s Co-author and Chief Operations Officer (COO) Sandeep Nailwal said in a restrictive meeting with Cryptonews.com during the Blockchain Economy Expo 2021 gathering in Dubai this week.
Nailwal uncovered that Polygon is prepared to dispatch various new drives soon and they will keep on zeroing in on ZK innovation as they consider it to be a foundation for blockchain scaling.
Discussing Polygon and non-fungible tokens (NFTs), he, alluding to an anonymous examination firm, expressed that 80% of NFTs are on Ethereum and 15% are on Polygon.
How has 2021 been for Polygon up until this point?
It’s been truly extraordinary; it has been a truly compensating venture. On a similar side, it has been incredibly burdening – like you realize I think we as a whole matured like five or possibly ten years in the last few years. So certainly I’ve gotten weight, lost hair – the equivalent with my group – so it’s been remunerating just as dedicated time for us.
What are your essential development objectives for 2022?
The essential development plan from our side is vigorously engaged towards zero-information innovation. We as of late reported a billion-dollar reserve on zero information and afterward out of that we’ve done numerous acquisitions, we’ve declared Polygon Hermez, which was the initial zero-information item that we dispatched. Then, at that point, we likewise did Polygon Nightfall which is with Ernst and Young, one of the huge four organizations on the planet as far as evaluating consultancy. And afterward, we have numerous different drives additionally on that front to be dispatched very soon and we’ll be incredibly intensely centered around zero-information in the following six to eight months and we accept that zero-information is a definitive sacred goal for the blockchain scaling and that is the place where we are going.
How should Polygon be impacted by the forthcoming Ethereum consolidation? Any designs to battle this?
No, it’s in reality extremely sure for any layer 2. It couldn’t be any more obvious, all layer 2 ventures need to return a few information or a few confirmations to Ethereum, and at this moment that costs a ton. So when the union comes and Ethereum becomes like, suppose from 13 exchanges to 30 exchanges each second with this much verification of stake consolidate – I’m not discussing the sharding, as 64 shards thing, which is similar to 3 to 5 years away if at all it is coming, we’re just discussing the union that is going on which is evidence of-stake, and many individuals feel that alright, the entire sharding ETH 2.0 is coming – it’s not. It’s just the converge from verification of work to evidence of stake, and afterward, Ethereum will have presumably thirty exchanges each second from that point. It’s useful for us, it’s useful for all the layer 2 tasks by and large.
What patterns do you find in Polygon and how is Polygon going to be utilized in the NFT space all the more explicitly?
So NFT, currently like, I mean once more, this is anything but a piece of exceptionally boundless information some way or another however NFTs Polygon is the greatest venture. Like we as of late talked with someone, I mean I can’t name however one of the greatest investigation stages and they were doing examination on Instagram for instance so you know 80% of the Instagram NFTs are on Ethereum, 15% are on Polygon and the lay 5% is on others… So Ethereum in addition to Polygon structure like 95% of the NFT market. So you realize Polygon doesn’t have those huge like you know 100 million dollar NFTs yet the more modest NFTs which is the thing that Polygon is worked for – games and metaverses – Polygon has the main situation in that and we’re the biggest NFT stage in that sense. We have most likely 500 or more games sent on Polygon and developing step by step.
How is the multichain blockchain scene looking pushing ahead?
I mean we’ve been extremely certain that [the] world will be multichain yet we feel that multichain isn’t on layer 1 yet on layer 2. So we accept that the world will be multichain however the multichain world will exist on top of Ethereum rather than various layer 1’s current – we don’t trust in that postulation. We accept that Ethereum will be a definitive settlement layer and on top of it there will be a great deal of layer two’s that will be assembled and associated with it.
Who do you consider your fundamental rival this moment and how can you go to battle them?
StarkWare. I imagine that on the zero-information side, I feel that StarkWare is the most impressive group, and with our different zero-information endeavors, we accept that, you know, we would have the option to edge ahead on that yet StarkWare is an entirely considerable group.
With how rapidly you and your group are developing right presently would you at any point think about a new capital raise?
We, indeed, would accomplish something later on, and, you know, getting ready for something we may do a little capital raise.
Your M&A methodology pushing ahead?
It will be increasingly forceful, you know, I mean, we need to turn into the exchange layer of Ethereum and we’ll continually continue to do that.