Polygon co-founder Sandeep Nellwal is doing a new course for the network, which is necessarily supporting a unique leadership model for its future.
In an interview with cointelegraph, Nellwal said that a change away from the board -led rule is not just a structural change, but a strategic reaction to the disabilities that have slowed the polygon’s speed.
On 11 June, he announced that he would take over as the CEO of the Polygon Foundation, describing the decision required to bring “clear direction and focus execution” in the next chapter of the project.
Now under his only leadership, the Ethereum Scaling Project will sunset its Zkevm series and focus on real -world assets (RWAS) and StableCoin payment through polygon poses, while using its aglair to carry forward its dreams of building internets.
“Service mindset” driving nailwell on polygon
In January, atherium co-founder Vitallic Butlerin shook debate Declare the only right Decisions about the leadership of Ethereum Foundation.
“This is exactly the same, except I said that I am a director,” Nailwal, referring to his role, told the Coinlagraph.
After the growth of polygon in 2021 and 2022, the project demanded to “institution” by reflecting the structures of large companies. The Polygon Foundation was maintained by a board-a model now dissolved, leaving Nellwal as the only decision-maker.
He said, “Things were definitely taking a long time. The decisions made in two weeks used to take two months,” he said.
Nellwal said that the decision taking decision is not to leave the sympathy. He still has what he calls a “service mentality”, a leadership style that is shaped by her upbringing. Both his grandfather was a servant in a rich house, where he met and arranged for his parents’ marriage.
“I think history gave me this inherent trend to keep everyone happy, and I still feel so. When someone is happy, you get a dopamine hit – every human does – but in my case, it is deep.”
He credits this instinct helps in building the early community of polygon. Nelwal was one of the few founders of a top level protocol, who was individually engaged with retail users, often responding to messages on Telegram. Only recently he has put guards on his individual accounts.
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“With retail, if the token is up, they are happy. If it is not, they are angry,” he said. “To feel that I had taken two or three rounds of that cycle that I could not put all my energy in it.”
According to Nelwal, the crypto industry is developing, also moving away from principle research, such as zero-knowledge proof development, and rewarding the real world traction and revenue.
“Everyone thought that it would finally be, but I think it has recently started getting more than before,” he said
Polygon zkevm sunset and rwa drive
Following the announcement of Nellwal, questions have been revealed about the health of Zkevm, which is to be phased by 2026. Once known as Hermage Network and Acquired For 250 million matic in 2021 (Pole) (Now the price of pole and at that time about $ 250 million), zkevm ethereum was a polygon for equivalence.
“It was launched with great pomp because all the research; like people were, ‘It is beautiful.” Vitallic (beeturin) and all stated that it is surprising, ”Nellwal claimed.
“But when the end-user came to use it, it fell short of expectations in terms of experience. We did not encourage a lot of user growth in Zkevm for the longest time,” he said.
The assets locked on Zkevm exceeded $ 35 million in July 2023, which has only increased to $ 2.75 million. According to Difilama data, the series has struggled to generate fees and allegedly worked in a loss.
With Zkevm disappearance, polygon’s attention turns into your pos chain and egglair infrastructure. Still Host Total value over $ 1 billion, between rank Top series for non-fangbal tokens (NFT) transactions And each in USDC has a house of about $ 1 billion (USDC) And the USDT of Tether (USDT,
Although the NFT market has collapsed, Nellwal said that meaningful NFTS will continue to bear. He compared the speculative NFT to the Shimcoins, saying that the “promotional phase” has passed, cleans the location for high quality projects. He said that the underlying NFT technology remains a prominent player to tokens assets, which could be either fungi or non-fingered.
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“NFT technology will be used in tokens and wide RWA applications,” he said.
“Our focus on the actual NFT – not speculative, fake people – has paid. It is now very clear that stabeloin payment and tokennails are going to be two major use cases.”
The polygon on these two blockchain use cases aligns with global trends. The US Senate passed the Genius Stabelcoin Bill on 17 June as a global discussion on regulation. Meanwhile, Rwas is portraying institutional interests including Blackrock, who Runs its token money market fund in many seriesWith polygon.
Poly Fubj Road for 100,000 TPS
Pahubhuj tried to fit in institutional tendency by creating a board Running $ 450 million in 2022 investment round It consisted of Seawia Capital, SoftBank and Tiger Global.
But it is now back to the zero-to-one startup stage. Nelwal destroyed the board in search of a well -organized execution. But with Zkevm, the attention of its way and the focus of the industry is changing rapidly, the burden of evidence is now resting on whether the unique leadership can give the results of the real world.
“We need to return to real product manufacturing. Your product must be good, and people should be ready to pay for it,” Nellwal said.
For him, it also means that his development as a leader – keeping everyone happy and looking for the best interests of polygon.
He said, “This will be sad in some people, both our community and outside. But we have no other option,” he said.
Nelwal and Pahubhuj are making all these bets on their “Giggas” roadmap, aimed at scaling their network up to 100,000 transactions per second. It matches modern rivals that are increasing their networks or launching a fast blockchain.
So far, the community reaction that claims polygon’s only leadership for Nailwal has been mixed. Some admire his war -time CEO’s stance, while others indicate expensive zekevams.
Nevertheless, Nellwal believes that a fast -making process is what is the demand for the moment: “Jeevan gave me a chance to play globally. I should be again to the 25 -year -old child who was ready to go to all.”
Whether it pays himself, it will probably be clear by the end of the year, as the network runs to hit its TPS milestone and prove its relevance in a mature crypto ecosystem.
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