In response to Ethereum co-founder Sandeep Neirwal, the way forward for cryptocurrencies lies in gaming (ethereum) layer 2 scaling resolution polygon (Matic).
nail wall implementation There was a Reddit ask-me-anything (AMA) session on Thursday and Friday the place he answered questions on his venture and the crypto area as an entire.
When requested about potential real-world use circumstances for blockchain, the Polygon co-founder responded: Stated He thought of gaming to be “the largest alternative for cryptocurrencies.”
“And video games are embracing new expertise lots. There are some high video games popping out on Web3 within the subsequent 6-18 months, however we’ll see if a few of them can crack the encryption code. Final yr itself, there was over $2 billion in funding for Web3 video games, and Polygon, mixed with ecosystem gamers reminiscent of ImmutableX (IMX), would be the largest by way of these funded video games. shares, and a few of them are going to be large!”
In the course of the AMA, one other Redditor requested Nailwal why “all the crypto trade.” [feels] Like a rip-off and a waste of time? ”
Co-Founding father of Polygon Admitted “90% of crypto tokens are scams,” he stated, but in addition pointed to a few of the altruistic utility that the digital asset area has supplied in recent times.
“Whereas we share our frustration that we haven’t been capable of develop as many merchandise that add worth to humanity, there are some things we wish to share.
- The complete Defi (decentralized finance) area has spawned many monetary primitives that at the moment are maturing, reminiscent of decentralized exchanges and cash markets, and can develop in scale as blockchain infrastructure scales. , will change into the usual.
- Whether or not it is COVID-19 aid efforts in India, struggle aid efforts in Ukraine, or earthquake aid efforts in Turkey, cryptography and the group are on the forefront and would be the solely ones funding aid efforts for fairly a while. was the tactic of
- Many individuals in Africa and Latam (Latin America) at the moment are utilizing USDT as a solution to defend their wealth from inflation in their very own currencies. ”
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