Polygon co-founder Sandeep Nailwal says blockchain-based games have played a role in the growth of the crypto industry. In his recent statements, he mentioned that new games could adopt Blockchain and Web3.
Sandeep Nailwal says games will bring new opportunities to the crypto industry
Sandeep Nailwal recently answered questions from the crypto community on Reddit. Polygon co-founder stated that the gaming industry will bring new opportunities to the cryptocurrency market.
Nailwal says that gaming is the largest-scale opportunity for crypto. Specifically, “Games are embracing new technologies. There are some good games coming out on Web3 in the next 6-18 months. It will also be very interesting to see if some of them are using Blockchain.”
The Polygon founder stated that over $2 billion in funding was raised last year specifically for Web3 games. He also pointed out that Polygon and ecosystem players took the “lion’s share” among the games funded. This highlights the institutional investment flowing into the Web3 gaming industry.
The founder also stated that Polygon is one of the biggest projects at the moment. According to him, Polygon could potentially become an industry leader in developer effectiveness across all segments. Polygon has attracted great attention especially in the last two years. Nailwal stated that the network is working on innovative solutions in the zero-knowledge (zk) space to enable massive scalability.
As Kriptokoin.com, we have included the prominent Polygon partnerships of recent times in this article.
Polygon’s work for the gaming industry
Prior to that, on the DeFi front, Polygon hosts 417 protocols with $981.95 million TVL. Thus, it is in the 5th largest network position in terms of TVL in DefiLlama.
In March, Polygon Labs and zkMeta announced a partnership to create a custom game rollup on the Polygon network. Scalable Web3 gaming engine developer zkMeta has started integrating dApps daily with a large user base.
That same month, a South Korean mobile game company launched Delabs Games on the Polygon network. He said that Delabs Games will aim to improve the gaming ecosystem by integrating Blockchain features. In its blog post, the network also included that the partnership aims to advance decentralized play on Polygon. To promote game projects, Polygon Labs has also teamed up with AQUA, a Web3 marketplace aimed at gamers.
According to a recent study by Zion Market Research, the Web3 gaming industry has grown quite rapidly. He claimed that the market had revenue of approximately $201 billion in 2021. The report estimates that the gaming industry will reach approximately $435 billion by 2028. Therefore, the gaming market is expected to develop at a CAGR of roughly 12.1%.
Pay attention to these coins mentioned by the Polygon founder
Sandeep Nailwal said that the blockchain gaming industry will open up new opportunities in the cryptocurrency market. Currently, the industry-leading altcoin projects in the gaming-game category and their performance in the last 24 hours are as follows:
- Render Token (RNDR): 15.73%
- Marblex (MBX): 15.90%
- Victoria VR (VR): 12.54%
- Akita Inu (AKITA): 9.39%
- Yield Guild Games (YGG): 6.90%
- WEMIX: 7.08%
- NFTb: 6.90%
- FLOKI: 5.73%
- Vulcan Forged PYR (PYR): 4.34%
- The Sandbox (SAND): 4.71%
- Gala (GALA): 4.48%
- GAMEE (GMEE): 4.13%
- Axie Infinity (AXS): 3.79%
- Biswap (BSW): 3.00%
- Ethernity (ERN): 2.96%
- Efinity Token (EFI): 0.95%
- Vidya (VIDYA): 2.22%
- Delysium (AGI): 2.28%
- VIDT DAO (VIDT): 2.05%
- Illuvium (ILV): 2.06%
- Decentraland (MANA): 1.88%
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