AggLayer will Stand the Test of Time: Sandeep Nailwal on Polygon's New Quest

Heading a USD 450 million funded Web3 start-up—one of the prominent projects worldwide in the space-Sandeep Nailwal has become more opinionated and, in turn, is taking concentrated bets. His latest wager? Aggregation Layer, or better known as AggLayer.

- BY PAROMITA GUPTA

In January 2024, the start-up described AggLayer as a 'novel solution to unify the whole of Web3,' further adding that 'like the invention of TCP/IP, which created a seamlessly unified Internet, the aggregation layer, or AggLayer, unites a divided blockchain landscape into a web of ZK-secured L1 and L2 chains that feels like a single chain.

As per Nailwal, Polygon, the first aggregated blockchain network, aims to be a significant part of the new internet that will arrive in the next 10-15 years.

“The latter half of the 21st century Internet is being created. It is more transparent, trustless and a place where people have more freedom and property rights. I want Polygon to be a part of that larger internet,” shared Sandeep Nailwal, co-founder and COO, Polygon with Entrepreneur India at the sidelines of India Blockchain Week 2024.

Nailwal wants Polygon to go beyond cryptocurrency, and “Not something that stays for four or five years and then dies out.” Polygon team’s bet on this next evolutionary step of blockchain design comes amid a two-year transitional arc- both, technology and business-wise- with migrating its native token from MATIC to Pol, change in leadership, and critical layoffs.

“Our velocity went down a lot as we took bets which didn’t play out as expected,” he shared candidly. “It’s slightly picking up towards the year-end but it’s far from the optimal velocity.”