Polygon co-founder Nailwal says NFTs in Gaming is ‘Bigger Than Hollywood’
The co-founder of Etheruem scaling Polygon, sees NFT and gaming as the way people are drawn to the blockchain.
The India-based Ethereum layer 2 developer firm is leaning more into blockchain-based gaming and NFTs by launching a project dubbed Polygon Studios.
Sandeep Nailwal, the Polygon co-founder and COO, said on CoinDesk TV’s First Mover that “very few people understand that even in the U.S., [gaming] is bigger than Hollywood, and multiple other industries combined. Play-to-own and various other models that are coming in are going to disrupt the business models in the gaming industry.”
Nailwal said, “We all believe that NFT is the gateway to bring masses into the blockchain.” In Nailwal’s opinion, the vibrancy around gaming is thanks to play-to-own games such as Axie Infinity.
All this is happening at an interesting time for Polygon, one of the largest crypto projects to come out of India. The government of India has made it clear that it’s cautious of digital assets. However, Nailwal said he has yet to come across a single project that faced government interference in India.
“They only interfere where there is retail buying and selling of crypto,” Nailwal said, “No one can predict the future, which is why Polygon has been one of the first projects that decentralized its location. Now, most of our workforce is in the U.S., Europe, parts of Southeast Asia.”