Crypto enthusiast says games will drive large-scale digital currency adoption

▶ Sandeep Nailwal: Computer gaming is a massive opportunity for cryptocurrencies

Ethereum Polygon scaling solution co-founder Sandeep Nailwal is confident that Web3-based games will be one of the key drivers of widespread adoption of cryptocurrencies.

While chatting with Reddit users, the crypto enthusiast was asked if he noticed any “real life” applications of blockchain and digital currencies, apart from trading and payment services.

“I think gaming is the largest scale opportunity for crypto. There are some top games launching in Web3 in the next 6–18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.” Nailwal replied.

At the same time, the expert noted that it was Polygon, in cooperation with players who work in the project’s ecosystem, like Immutable X, that became the home for these games. Nailwal also stated that new technologies always attract not only enthusiasts and talents, but various speculators, scammers and criminals. He compared the current situation to the Gold Rush and the dot-com boom.

“Cryptocurrencies are still in the early stages of development. I don’t think there are truly decentralized ecosystems outside of Bitcoin and Ethereum. What we need is progressive decentralization of protocols and applications as they achieve larger and larger significance,” the co-founder of Polygon shared his thoughts.

Earlier, the CEO of the ByBit crypto platform, Ben Zhou, said that over the next couple of years, the spread of digital assets will accelerate significantly. In addition, he believes that it is time to create a clear and transparent regulatory framework for the industry.

According to Zhou, it is the regulation that will facilitate systematic checks on the real financial situation of cryptocurrency companies. Against this background, investor interest in blockchain startups and crypto assets should increase.

“In about two years, we will see signs of mass adoption [of virtual currencies]. Your aunts, uncles, as well as cousins and brothers will use digital currencies,” Zhou concluded.: Computer gaming is a massive opportunity for cryptocurrencies

Ethereum Polygon scaling solution co-founder Sandeep Nailwal is confident that Web3-based games will be one of the key drivers of widespread adoption of cryptocurrencies.

While chatting with Reddit users, the crypto enthusiast was asked if he noticed any “real life” applications of blockchain and digital currencies, apart from trading and payment services.

“I think gaming is the largest scale opportunity for crypto. There are some top games launching in Web3 in the next 6–18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.” Nailwal replied.

At the same time, the expert noted that it was Polygon, in cooperation with players who work in the project’s ecosystem, like Immutable X, that became the home for these games. Nailwal also stated that new technologies always attract not only enthusiasts and talents, but various speculators, scammers and criminals. He compared the current situation to the Gold Rush and the dot-com boom.

“Cryptocurrencies are still in the early stages of development. I don’t think there are truly decentralized ecosystems outside of Bitcoin and Ethereum. What we need is progressive decentralization of protocols and applications as they achieve larger and larger significance,” the co-founder of Polygon shared his thoughts.

Earlier, the CEO of the ByBit crypto platform, Ben Zhou, said that over the next couple of years, the spread of digital assets will accelerate significantly. In addition, he believes that it is time to create a clear and transparent regulatory framework for the industry.

According to Zhou, it is the regulation that will facilitate systematic checks on the real financial situation of cryptocurrency companies. Against this background, investor interest in blockchain startups and crypto assets should increase.

“In about two years, we will see signs of mass adoption [of virtual currencies]. Your aunts, uncles, as well as cousins and brothers will use digital currencies,” Zhou concluded.