Sandeep Nailwal, co-founder of Polygon (MATIC), sees the bear market as a very positive situation for blockchain developers. Nailwal describes this as “building without noise”. Nailwal, who thinks that this opportunity is more convenient and useful for developers, believes that the stagnant environment opportunity in the bear market should be turned into an advantage by the developers and this opportunity should be used to launch new products.
Speaking at a panel he attended online at Korea Blockchain Week (KBW) 2022, Nailwal said, “The best thing about a bear market is that there are no buyers.” In addition, he continued, “The bear market offers the cheapest prices to find employees and it is the best environment to promote products through marketing because nobody spends that much money.”
Transaction Fees of Polygon Network Drop 90 Percent
Offering an Ethereum-based Layer-2 solution, Polygon Network has managed to reduce transaction fees by approximately 90 percent with the Zero-Knowledge (ZK) update it has recently released on the testnet. With this testnet, it is expected that transactions on the Polygon network will be more attractive and interesting for users. So much so that users pay high transaction fees, which is on the agenda of many blockchains and developers. However, this step taken by Polygon (MATIC) is defined as an example to increase competition.
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