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Sandeep Nailwal

Sandeep Nailwal

Co-Founder & CEO of Polygon Foundation, Polygon

Personal website

Bio

Sandeep Nailwal is an Indian software engineer, entrepreneur and co-founder of Polygon, the blockchain infrastructure ecosystem originally launched as Matic Network in 2017. Nailwal currently serves as Co-Founder and CEO of the Polygon Foundation, the organization that oversees the Polygon ecosystem and its affiliated entities. Polygon began by addressing Ethereum scalability challenges and has since evolved into a broader blockchain infrastructure ecosystem whose current focus areas include payments, stablecoins, Ethereum infrastructure, zero-knowledge technology, interoperability, the Agglayer, and the Open Money Stack. Before founding Polygon, Nailwal worked as a software engineer at Computer Sciences Corporation, as a management consultant at Deloitte, led technology for Welspun's e-commerce division, and founded ScopeWeaver, an online marketplace for professional services. He also co-founded the India Covid Crypto Relief Fund (Crypto Relief) in 2021, the Web3 venture firm Symbolic Capital in 2022, and the open-source AI research organization Sentient in 2024.

Profile at a glance

Country
India
Status
Active

Work & Project Background

  • Polygon (Matic Network)

    Co-Founder

  • ScopeWeaver

    Co-Founder

  • Crypto Relief

    Co-Founder

  • Symbolic Capital

    Co-Founder

  • Sentient

    Co-Founder

Key Contributions

Polygon

Co-founded the blockchain infrastructure ecosystem originally launched as Matic Network in 2017.

Ethereum Scaling

Helped build and expand infrastructure intended to improve Ethereum scalability and usability.

Polygon Ecosystem

Played a major business, operational and strategic role in Polygon's global expansion.

Polygon Foundation

Currently serves as Co-Founder and CEO of the Polygon Foundation.

Payments Infrastructure

Helps lead Polygon's current push toward stablecoin and blockchain-based payments.

Crypto Relief

Founded a crypto-funded relief initiative during India's COVID-19 crisis.

Timeline

1987
Born in Ramnagar, in the Himalayan foothills of Uttarakhand, India. His family later relocated to Shakarpur in East Delhi, where he was raised.
Education
Completed a BTech from Maharaja Agrasen Institute of Technology, affiliated to Guru Gobind Singh Indraprastha University, Delhi.
2012–2014
Completed an MBA at the National Institute of Industrial Engineering (NITIE), Mumbai — now Indian Institute of Management (IIM) Mumbai — financed with student loans.
2010–2014
Began his career as a software engineer at Computer Sciences Corporation (CSC), building a technical foundation in software development and enterprise systems.
2014–2015
Worked as a Consultant at Deloitte in management consulting, advising on program initiatives, technology and business operations.
2015–2016
Led technology for Welspun's e-commerce division, overseeing technology and supply-chain systems for one of Asia's largest textile companies.
~2015/2016–2017
Founded ScopeWeaver, an online marketplace for professional services. The venture was an important step toward his interest in emerging technologies and blockchain.
2017
Co-founded Matic Network alongside Jaynti Kanani and Anurag Arjun, with the goal of building scalable infrastructure around Ethereum to address congestion, limited throughput and high transaction costs.
2019
Matic Network's mainnet launch and major fundraising milestones, establishing the network as a go-to Ethereum scaling solution.
Early 2021
Mihailo Bjelic joined the founding team to help create Polygon. Bjelic is widely recognized as a Polygon co-founder, though he joined after the original 2017 founding of Matic Network.
2021
Matic Network rebranded to Polygon, evolving from a narrower Ethereum scaling approach into a broader suite of Ethereum scaling technologies.
April 2021
Launched the India Covid Crypto Relief Fund (Crypto Relief) during India's COVID-19 crisis, raising crypto donations including a large SHIB donation from Vitalik Buterin.
2021
Polygon expanded into zero-knowledge technology, including the acquisition of Hermez and the development of Polygon zkEVM.
August 2022
Co-founded Symbolic Capital, a $50 million Web3 venture capital firm focused on emerging-market founders, alongside Kenzi Wang.
January 2024
Co-founded Sentient, an open-source AI research organization building a community-owned alternative to centralized AGI, alongside Princeton professor Pramod Viswanath, IISc professor Himanshu Tyagi, and Kenzi Wang.
September 4, 2024
Polygon migrated the MATIC token to POL. POL became the native gas and staking token for Polygon PoS on a 1:1 basis. The migration is now approximately 99% complete.
February 2024
The first components of the Agglayer went live, with X Layer and Polygon zkEVM A as the first connected chains. The Agglayer uses zero-knowledge proofs to connect blockchain ecosystems and enable interoperability and liquidity coordination.
June 2025
Announced he would take "full control" of the Polygon Foundation as its first CEO. The strategic shift focused the ecosystem exclusively on Polygon PoS and Agglayer, with plans to deprecate Polygon zkEVM (sequencer to remain live for approximately 12 months). Marc Boiron continues as CEO of Polygon Labs.
2025
Polygon announced major upgrades expanding its payments capabilities, including a roadmap targeting up to 100,000 transactions per second with near-instant block finality.
January 2026
Polygon Labs signed definitive agreements to acquire Coinme (licensed fiat on/off-ramps) and Sequence (enterprise wallet infrastructure and onchain orchestration) for approximately $250 million, completing the core infrastructure for the Open Money Stack — an integrated stack for regulated stablecoin payments and money movement.
August 2026
Currently serves as Co-Founder and CEO of the Polygon Foundation, guiding long-term planning, ecosystem strategy, and the ecosystem's pivot toward payments, stablecoins, Agglayer, and the Open Money Stack.

Recent Project Coverage

Bitnxt news coverage mentioning Polygon.

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