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Polygon Labs CEO: Racial bias against co-founder Sandeep Nailwal is hindering the development of the Internet
2024-11-26 07:04:03
Odaily News Polygon Labs CEO Marc Boiron has blamed the Polygon network's difficulty in gaining wider adoption on racial prejudice against its co-founder Sandeep Nailwal. Boiron hinted in a post on X yesterday that despite Polygon's widespread use in the blockchain industry, Nailwal's Indian ancestry has led to prejudice and hindered its recognition. He wrote: "If Sandeep was not Indian, Web3 would have embraced Polygon on a large scale, rather than treating it as a 'second-class citizen' even when Polygon PoS is more commonly used than all blockchains combined." When a user in the crypto community argued that Indians have achieved prominence in major global tech companies, Boiron responded that geography played a role. He pointed out that Indians in Western countries, such as Sreeram Kannan of EigenLayer, face less prejudice than those working in India. He also pointed to discriminatory remarks, including racial slurs, as evidence of potential problems. "You only need to see all the 'brown' comments to know there is a problem," Boiron said. Meanwhile, the broader Web3 community remains divided on the issue. Some users attribute Polygon’s challenges to competition or network strategy from newer Ethereum L2 networks rather than bias. Despite Boiron’s claims, Polygon remains a well-known player in the industry, with its POL token being the 30th-largest digital asset by market cap. However, Polygon’s popularity has waned compared to newer L2 networks like the Base network. (CryptoSlate)