Polygon’s mission ‘has always been to promote widespread Web3 adoption,’ Co-Founder Suggests

Sandeep Nailwal, the platform’s co-founder, stated that Polygon, an Ethereum-based layer 2 blockchains, is intent on becoming mainstream.

“Polygon’s goal has always been the widespread adoption of Web3,” Nailwal said on Monday’s “First Mover” on CoinDesk TV.

Polygon, which began as a blockchain initiative in 2017, has garnered widespread interest since the previous year. Numerous major companies, including Starbucks, Salesforce, and Disney, have already adopted the platform.

He said, With Polygon consumer-facing businesses can “interact and engage with their customers” in more ways. Reddit was cited as an example of a company that has already partnered with Polygon as it seeks to expand its non-fungible token (NFT) market.

According to Nailwal, achieving widespread adoption will ultimately depend on the advantages that Web3 applications offer, such as self-custody and the proprietorship of digital collectibles. For example, Starbucks’ Odyssey program integrates customer loyalty rewards with NFTs and gamified elements.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.