• Polygon (MATIC) co-founder Sandeep Nailwal predicts the Ethereum (ETH) ecosystem could represent “the endgame” in terms of infrastructure.
• Polygon Labs has released a white paper outlining future transformations for the platform’s native token, including renaming it to POL.
• The project is aiming to improve its MATIC token and supercharge the growth of the network as it transitions to Polygon 2.0.
Polygon (MATIC): Endgame For Infrastructure Providers?
Sandeep Nailwal, co-founder of Polygon (MATIC), believes that his project may be “the endgame” when it comes to providing infrastructure for the Ethereum (ETH) ecosystem. He believes that Web3 will succeed when applications become more central than infrastructure providers. To this end, he announced plans for their transition into Polygon 2.0 during a recent Bankless podcast interview – an upgrade that does not require any research but only engineering optimization.
POL Token Upgrade
In order to facilitate these plans, Polygon Labs has released a white paper outlining potential upgrades for their native token MATIC, which includes renaming it POL. According to them, this upgraded token is intended to supercharge the growth of the network as it transitions into Polygon 2.0 and will help bring about an era where apps are seen as heroes rather than infrastructure providers.
Infinitely Scalable Network
Naiwal also discussed how important a network with infinite scalability is in bringing about this new era: “The end of the infrastructure era of Web3 would be where you have a network which is infinitely scalable and composable across the network…It should be the apps, which are actually building useful applications for users; they should be the heroes of this.” It’s clear from his words that he believes achieving infinite scalability will play an integral role in pushing forward Web3 technology and allowing apps to take center stage in crypto world once again.
200 Million Users
As discussed on Bankless podcast, Naiwal expressed further optimism about how well such a protocol could scale up: “We believe [Polygon 2.0] can resolve the infrastructure era of blockchain…Not only for Polygon…this looks to be an architecture which can scale Web3 to 200 million users or even like a billion users.” This number would mark an impressive increase from current levels and could potentially revolutionize what’s possible within blockchain ecosystems going forward.
Catalyst For Next 1 Billion Users?
With all these changes being implemented by projects like Poloyon (MATIC), Naiwal appears confident that they could form part of a larger catalyst that helps usher in one billion new users into Ethereum ecosystems over time: “I was saying whether Polygon implements it or somebody else implements it…this looks to be an architecture which can scale Web3 to 200 million users or even like billion users.”