What’s Web-3 Anyway?

Sandeep Nailwal, Co-founder of Polygon (Ethereum Layer 2 chain) believes in increased adoption (50-100m users) of blockchain/Web3 by 2025 with use-cases such as gaming, FinTech & DAOs, with further growth by 2030 with identity, social, media/publishing. Polygon aims to solve the blockchain trilemma of decentralization, scale and security by being an aggregator of multiple layer 2 solutions e.g. sovereign side chains, ZK/Optimistic roll-ups, enterprise level privacy enabled optimistic roll-ups, etc. A single Polygon chain has a theoretical capacity of 900-1,000 TPS (vs. 13 for Ethereum) and this is further scalable with hundreds/thousands of such chains which could bring down the gas fees significantly. Furthermore, with the advent of blockchain-gaming, Polygon Studios is working with 500-1000 games globally to support/accelerate the game-developer/creator economy.