“I Will Not Rest”- Polygon (MATIC) Founder On zkEVM Controversy

Polygon co-founder Sandeep Nailwal on Thursday said Polygon (MATIC) deserves the “Top 3” spot alongside Bitcoin (BTC) and Ethereum (ETH). Nailwal asserts the “world’s first zkEVM mainnet is almost here,” after successfully launching the zkEVM testnet last month. Moreover, Ethereum scaling platform Polygon’s partnerships with Meta, JPMorgan, Reddit, and others caused the MATIC price to rally nearly 15% in the last 24 hours.

Polygon Co-Founder Sandeep Nailwal: “I Will Not Rest Till…”

Sandeep Nailwal, co-founder of Polygon, in a tweet on November 3 said he will not rest until Polygon (MATIC) becomes a top 3 crypto, alongside Bitcoin and Ethereum.

“I will not rest till Polygon gets its well deserved “Top 3” spot alongside BTC & ETH. No other project comes even close.”

Sandeep Nailwal also noted Meta and JPMorgan selected Polygon for its developments in NFT and DeFi space. Metaverse giant Meta will allow Instagram users to mint, showcase, and sell digital collections powered by non-fungible tokens (NFTs) on Polygon. It gives creators a new way to engage with fans and monetize their digital collections.

Furthermore, JPMorgan used Polygon to execute its first on-chain DeFi trade. The transaction involved the tokenized Singapore Dollar (TSD) and Japanese Yen as part of the Monetary Authority of Singapore (MAS) Project Guardian.

Moreover, Polygon blockchain has attracted other partners including Reddit, Stripe, Robinhood, Liverpool FC, Dolce & Gabbana, Adidas, Walmart, etc.

Sandeep Nailwal hints to launch the zkEVM mainnet soon. Polygon has proved everyone wrong after they successfully launched zkEVM testnet last month. Meanwhile, Polygon releases today that the Avail testnet is now live. It is a modular blockchain to enhance the scalability of monolithic blockchains.

“This is all when Worlds first “FULLY BUILT zkEVM” mainnet is almost here. Its not a promise of a future zkEVM, its not fake zkEVM mainnets to lure in new investors, but actually FULLY BUILT, source code available, verifiable proofs, fully functional and decently efficient production grade mainnet.”

MATIC Price Skyrockets 15%

Polygon (MATIC) price jumped nearly 15% in the last 24 hours, with the current price trading at $0.94. The 24-hour low and high for MATIC are $0.84 and $0.98, respectively.

While MATIC continues to bounce back from below $1, experts believe the price will surpass $1 amid a recovery in the broader crypto market.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

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