I am excited about the convergence of AI, ZK tech, and mobile. 1. AI is transforming every industry. 2. ZK tech will secure the data and scale the trustless computation of business logic 3. Web3 builders can realize the applications on mobile devices that billions use
The @0xPolygon ecosystem has been charting the future of Polygon - We'll thrive at the intersection of AI, Zero Knowledge, and Mobile technology to empower future builders #onPolygon
Mobile is web3's biggest frontier to capture. Our builders are working on embedding blockchain:
From the core mobile OS to tools/middleware,
To empowering developers to ship mobile-native dApps,
To building dApp Stores for global distribution.
I am excited to announce the Nailwal Fellowship - a new program for any builder who wants to do something big in web3!
I'll be investing $500k of my personal capital into 10 individuals every year ($50k/fellow) to help them to commit to building in web3 full-time for 6months. 1/
Why am I starting the Nailwal Fellowship? I am at a point in my career where I want to foresee the kind of impact my work will have on the world. I feel extremely fortunate to be in such a place.
That impact is clear to me - I want to bring as many founders into web3 as possible
The only way to do that is by getting the best builders to start experimenting with all that web3 has to offer. The Nailwal Fellowship has been designed to get the best founder talent to join the web3.
My journey to committing to web3 & co-founding @0xPolygon was not an easy one
So, IMX is considered one of the Top 2 Gaming ecosystems alongside @0xPolygon. Let's look at the below exhibit once.
Last year there was roughly $2-3 bn in funding in AA/AAA games.Polygon and Immutable combined had nearly $2B USD, or nearly half of all web3 gaming funding.😇 2/n
Now imagine when IMX builds exclusively on Polygon to create a massive ecosystem living entirely on @0xPolygon
Some of the largest of the largest gaming studios are building on @Immutable. They all will end up using @0xPolygon (MATIC) validators run & secured chains.
3/n
I am no economics scholar but I have some basic understanding. People liked my last tweet so here’s one more of my layman's take on the FOMC meeting that happened today and how it can pave the way to markets going back to normal.
Read on and forgive any noob takes 🙏 . 1/
Right now the biggest issue is the "uncertainty" in the minds of institutions as to how much rate hike is going to happen. It makes it harder to price assets. So they all have been “risk off” meaning sell everything and just stay out of the markets. 2/
Now Today FOMC hiked benchmark rate by 75bps, thats fine but the important part is members' commentary. 3/
I rarely talk about markets but here is my take on all this chaos.
*Not financial advise*
1. This downturn has more to do with “macro” than any fundamental weaknesses in Web3. Long term Web3 remains mega-mega bullish, so newbies keep learning and builders keep building!
1/7
2. The bear should be long but if FED does anything which removes any of this uncertainty, there is a lot of dry powder sitting on the sidelines to bring in aggressive bull rallies. Though possibility of that looks low considering sticky inflation & fears of stagflation
2/7
3. In private markets, A lot of VC funds have raised a LOT of capital, even though they will be careful in selecting their bets, and acceptable valuations would be much lower but I expect the thesis based VCs to keep deploying. Most of them will also play in liquid markets.
3/7
Have been in discussions with @VitalikButerin on how to accelerate relief efforts in India. And we have come up with a solution, we will moving $100mn USDC back to Vitalik, a non-Indian, to do fast deployment in high risk/reward projects.
Why? A thread
Since inception, @CryptoRelief_ , has been extra cautious to be in full compliance of Indian jurisdiction, even though Cryptorelief entity is based out of India.
Considering fund's foreign origin and laws of the India, Crypto Relief followed a systematic, controlled & robust approach in disbursing funds mandated to be utilised for India. But being an Indian citizen(NRI), I have to be extra cautious in any of the projects being donated to.