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Polygon co-founder addresses criticisms the project is just as bad as Solana
- Samuel Wan
- 2022-12-08
- 3892
- ETH
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Summary:Sandeep Nailwal defends Polygon against claims it is a VC influenced, centralized project worse than Solana.
Sandeep Nailwal, co-founder of Polygon, defends "ecosystem"They feel frustrated and jealous. "
The reason for this post is an article by Mert Mumtaz, co-founder and CEO of Helius Labs. He said that Polygon had received more venture capital than Solana, and he used this capital to "pay everyone to use this chain and acquire enterprises"
Helius establishes application software programming interfaces (APIs) for Solana developers to simplify data information on the chain. The idea behind it is to make the Solana project implemented quickly and effectively.
Mumtaz claims that Polygon is worse than Solana
Since the collapse of FTX, the narration closely surrounding Solana has been severely hit.
Former FTX CEO Rob Bankman Fried (SBF) applied Solana to seize Ethereum. This is extended to the SBF development and design of serum protein DEX based on SOL to enhance the popularity and attractiveness of the chain.
According to the bankruptcy documents, the trading center has a value of $982 million SOL on its balance sheet. However, John Ray III, the recently appointed CEO, was invited to "clean up" the enterprise. He pointed out that the complete failure of his corporate control means that he lacksConfidence inAccuracy of financial reports.
Mumtaz felt that it must be emphasized that Polygon won 50 million dollars from Alameda, a sister enterprise of FTX, but it was not the same damage as Solana.
Mumtaz said that, more importantly, the important criticism against Solana, including its horizontal competition and autocratic monarchy problems based on venture capital companies, would be worse if the same argument was applied to Polygon.
Nailwal does not allow
When replying to Mumtaz, Nailwal said that "Polygon won" not because it used venture capital to gain favor; Conversely, it "wins" because“Output power and tensile resistanceEthereum. "
He pointed out that the entity line is expected to be built on Ethereum, "Not on half cooked L1s. " To put it simply, the attraction of Polygon can be summarized as bringing about the browsing of Ethereum chain.
Mentioning the impact of venture capital, Meyer indicated that at that time, the company of Polygon was valued at $8 billion. This means that venture capital only controls about 5% of the supply of MATIC tokens.
The clue of this case ended with Naiersti's recognition that no ecosystem is perfect. But he is more inclined to devote himself to promoting and encouraging others than to stigmatize competitors.
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