Want India to lead protocol development in Web3, says Polygon’s Sandeep Nailwal

economictimes.indiatimes.com:

Polygon cofounder Sandeep Nailwal on Monday said he wants Indian developers in the Web3 space globally to spearhead protocol development.

«I want Indian developers to be at the forefront of protocol development. If we want to attract the best and brightest of Indian talent into Web3, we need to improve education on a protocol level,» Nailwal said, speaking at the Build for Web3 Summit in Bengaluru.

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Polygon will zero in on protocol developers as part of its recently announced grant that seeks to attract Web3 startups to its ecosystem, where it previously primarily focused on Ethereal Virtual Machine (EVM) developers, Nailwal said.

The EVM lets developers deploy decentralised applications on Ethereum, a popular Blockchain technology, while protocols are the underlying rules, guidelines, and algorithms that define and control the functioning of a blockchain network.

Earlier in November, Polygon Labs announced Polygon Village, a grant for developers to build applications in its ecosystem. The company is offering a total of 110 million of its native token, Matic, to projects in decentralised finance, gaming and social media spaces.

Polygon Village was revamped as its second edition in November 2023. The first edition, launched in April 2022, aimed at creating a support system that included guidance, mentorship, co-working spaces and networking opportunities, apart from the grant itself.

«We had an aggressive grants programme till before the collapse of FTX. We