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Sandeep Nailwal is an India-based technology entrepreneur. He is the co-founder and Chief Operations Officer at Polygon, a blockchain scalability platform. He is also the founder of Crypto Relief Fund, a community-run fund delivering relief during the COVID-19 crisis in India. The relief fund has collected donations worth approximately $6 million in 10 different cryptocurrencies.

He, along with his co-founders at Polygon, are heralded as India’s first crypto billionaires.

Nailwal hails from Nainital, Uttarakhand, and is now based in Dubai, United Arab Emirates.

Career
Nailwal graduated with an engineering degree in Computer Science. He then worked for two years as a Software Developer. He pursued MBA in Information and Technology from NITIE in 2014. After a stint with Deloitte as a consultant in 2014, he served as the Chief Technical Officer for a India based e-commerce company, shopwelspun.com.

Post his two year tenure as CTO, Nailwal launched an e-commerce website that offered white-collar services. Although it did not scale as well as he’d hoped, it turned him to focus on researching Artificial Intelligence and blockchain technology.

This led him to meet Jayanti Kanani and Anurag Arjun, who then co-founded Matic together. They were joined by Mihailo Bjelic in 2020, when they rebranded from Matic to Polygon.

Polygon
Originally, the project began as the MATIC Network. Nailwal, along with his co-founders, had identified a scalability with Ethereum and wanted to solve the problem.

In 2017, a proof-of-concept was developed, and by April 2018, the company was set up. They started with a small funding from family and friends for $150,000. In 2019, they raised $450,000 from Coinbase ventures.

Matic went through a rebranding process to become Polygon in February 2021.

In May 2021, Polygon’s native token MATIC crossed a $13 billion market cap, and became one of the top 20 cryptocurrencies.

In May 2021, American entrepreneur Mark Cuban invested an undisclosed amount in Polygon.