Creators of Polygon(MATIC)
The successful first week of CremePieSwap’s launch can be credited to both the team and the founders. What started as an idea has come to fruition in a matter of weeks. All projects have an origin story and the creators behind them are what push the narrative. This is not only true for CremePieSwap but Polygon(MATIC) too.
If you have been keeping updated with the latest crypto success stories, you would have come across Polygon(MATIC). A project that originally aimed to solve the Ethereum congestion problems with Layer 2 technology, but has since also provided the capability to create interconnected relations between blockchain networks, acting as a hub for altchains.
MATIC currently holds a top 20 position in market capitalization and is one of the leading innovators in cryptocurrencies today, but the rapid success of the Polygon network has not been by chance. The direction Polygon has taken in recent months has cemented itself as a top global project. The foresight to see what was needed in the crypto space today can be thanked by the creators of MATIC, but just who birthed one of the world’s leading cryptocurrencies and how did that do it?
The 3 founders of Polygon(MATIC)
Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun make up the original founders of MATIC. In 2017 the three partners would come up with the framework for the Mumbai-based project, raising funds from primarily friends and family. Two rounds of fundings contributed to a total of $650,000 and shortly after, an initial exchange offering through Binance raised an additional $5 million.
At the time the cryptocurrency conditions in India were unfavorable due to legal complications. This scared off plenty of developers however, the trio would face adversity and risk it all in order to lead the way for other Indian-based developers.
Sandeep Nailwal
Sandeep is the COO of Polygon(MATIC) and is also one of the founding members of the rank 17th cryptocurrency. Prior to his position at Polygon, Sandeep had studied engineering and computer science at university. He then went on to work as a software engineer for two years, before shortly returning to university to complete a MBA, specializing in information technology. Sandeep also has had experience working at Deloitte as a consultant, before then moving on to work at Welspun E-commerce, where he was appointed as the CTO.
In 2016 Sandeep had co-founded a dApp development firm known as ScopeWeaver.com, where he governed the title of CEO until October of 2017. In November of 2017, Sandeep had decided to move on and create a new cryptocurrency project with the help of his two other co-founders.
Jaynti Kanani
Jaynti Kanani lived on the outskirts of Ahmedabad in Gujarat. Jaynti was the son of a factory worker and only wanted to pay off his father’s debt at the time. Due to poor family circumstances, Jaynti’s father had taken out loans so that his son would have higher education and his daughter able to afford a wedding. Jaynti went on to study engineering at Dharamsinh Desai University. After university, Jaynti had worked a few different full-time jobs before becoming interested in blockchain technology.
The original idea for MATIC came from Jaynti, when he had noticed congestion issues in 2017 with a popular NFT project at the time, CryptoKitties. He had thought to himself that a scaling solution will be needed in the future and who better to accomplish it than himself.
Jaynti quit his job at Housing.com and went on to pitch the idea to both Sandeep, who he knew from a crypto community group, and Anurag, with who he shared the same co-working space.
Anurag Arjun
The chief product officer, Anurag Arjun has a strong background in software product management. Having gone to Nirma Institute of Technology to study computer engineering, Anurag has always been drawn to the tech industry. With over 11 years of experience in building technological products, the CPO and co-founder of MATIC was a perfect fit for the job.
“Blockchain is going to change the world, whether you believe it or not. Ethereum and Bitcoin have cemented the emergence of this new world. However, these are still early days for the technology, and there is a ton of infrastructure to be built before we realize its potential.” — Anurag Arjun
Anurag is a strong believer in blockchain technology and its ability to change the world we live in today. He also believes that we are at the very beginnings of a great technological era where plenty of infrastructure is yet to be built.
