Polygon Co-founder Sandeep Nailwal Believes Web3 Games Will Drive Mainstream Cryptocurrency Adoption

By 0xGorki 05/25/23 8:09 AM

Sandeep Nailwal, the co-founder of Polygon, believes that Web3 games will ultimately become one of the biggest drivers of mainstream cryptocurrency adoption.

During an Ask Me Anything (AMA) session on the Reddit community, Nailwal was asked about real-world use cases for blockchain beyond transactions and payments.

In response, Nailwal declared, “I think gaming is the biggest scale-up opportunity for cryptocurrencies.”

“There are some top games coming on Web3 in the next 6-18 months, and it will be fascinating to see if any of them can crack the code for mass crypto adoption. Last year alone, over $2 billion was invested in Web3 games.”

“Polygon, in partnership with ecosystem players like Immutable X, has captured the largest market share of funded games.”

Polygon and Immutable X joined forces in March to build a scalable gaming blockchain using zk-rollup technology compatible with Polygon’s Ethereum Virtual Machine (EVM).

The network is expected to launch in the coming months and will make blockchain games faster and more efficient.

Nailwal’s belief in the potential of Web3 games to drive cryptocurrency adoption stems from their ability to provide engaging and immersive experiences that incentivize the use of digital assets within the gaming ecosystem. As more players embrace blockchain-powered games, the demand for cryptocurrencies and their integration within gaming economies is expected to increase significantly.

Web3 games offer unique opportunities for players to truly own their in-game assets, enabling them to buy, sell, and trade digital items securely and transparently. This decentralized nature of ownership not only empowers players but also presents a compelling use case for cryptocurrencies.

The collaboration between Polygon and Immutable X represents a significant step towards addressing scalability challenges in blockchain gaming. By leveraging zk-rollup technology, which aggregates multiple transactions into a single proof, the network will be able to process a larger volume of transactions while reducing fees and congestion.

With the impending launch of the Polygon-Immutable X gaming network, the industry eagerly awaits the arrival of innovative Web3 games that could potentially revolutionize the gaming landscape and accelerate the adoption of cryptocurrencies. As Sandeep Nailwal continues to champion the integration of cryptocurrencies within gaming, the future looks promising for the intersection of Web3 and digital assets.