Polygon co-founder addresses criticisms the project is just as bad as Solana
Co-Founder of Polygon Sundeep Nail Wall Continued defense against “ecosystem” A person who feels defeated and jealous. “
The comment was motivated by a tweet from Mart MumtazThe co-founder and CEO of Helius Labs, he said Polygon received more VC funding than Solana and used the money to “pay people to buy companies using the chain.” pointed out.
Polygon received over 130 million in funding than Solana
Polygon will use that money to pay people to use the chain and buy companies
Solana uses it to improve its technology, build a community, and has *thousands* of nodes
what to do with this information pic.twitter.com/ZOG6vs63hR
— Mart | Helius (🧱, ⚡) (@0xMert_) December 6, 2022
Helius Create an application programming interface (API) that simplifies on-chain data for Solana developers. The idea behind this is to make the development of Solana projects faster and more efficient.
Porygon is worse than Solana, claims Mumtaz
Since the demise of FTX, the narrative around Solana has taken a huge hit.
Former FTX CEO Sam Bankman-Fried (SBF) was in favor of Solana taking over Ethereum.This is a SOL-based Serum DEX Enhances chain reach and appeal.
Bankruptcy filing shows exchange holds $982 million The value of SOL on the balance sheet. But recently appointed CEO John Ray III, who was brought in to “clean up” the company, said the utter failure of corporate control he inherited meant he was lacking. rice field. believe Accuracy of financial statements.
Mumtaz thought it appropriate to point out the points Polygon received. $50 million It’s part of FTX’s sister company, Alameda, but it doesn’t have the reputation of Solana.
Additionally, the same arguments applied to Polygon make the situation even worse, Mumtaz said, addressing major criticisms posed against Solana, such as conflicts of interest and centralization issues through VCs.
Somehow Solana is portrayed as a centralized VC chain when Polygon literally 1) has 10x more VC involvement 2) has thousands less validators 3) can literally be stopped by the core team at any time 4) 100x more centralized while TPS is still much less
— Mart | Helius (🧱, ⚡) (@0xMert_) December 6, 2022
nailwall disagrees
In reply to Mumtaz, nail wall When I said “Polygon won”, I didn’t mean to swing VC money to buy goodwill. Instead, “won” is “power and pull Ethereum. ”
He said the entity wants to be built on Ethereum.It’s not a half-baked L1. Simply put, Polygon’s appeal is to provide access to the Ethereum chain.
On the issue of VC clout, Mailwal said the investment was made when Polygon was valued at $8 billion.This is because the VC Five% of MATIC token supply.
The thread ended with Nailwal acknowledging that a perfect ecosystem does not exist. However, he prefers to focus on improving and encouraging others rather than badmouthing his competitors.
