Polygon Labs CEO: Bias against Indian co-founders holds back network's growth
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2024-11-26 13:03 1,799
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On November 26, Cryptoslate reported that Polygon Labs CEO Marc Boiron blamed the Polygon network’s difficulty in gaining wider adoption in the field on racial bias against its co-founder Sandeep Nailwal. In a Nov. 25 post on the "If Sandeep were not Indian, Web3 would have embraced Polygon en masse, rather than treating Polygon as a second-class citizen even though its proof-of-stake is more commonly used than all blockchains combined," he wrote.
When a user in the cryptocurrency community argued that Indians already hold key positions in major tech companies around the world, Boiron responded that geography also plays a role. He points out that Indians like EigenLayer's Sreeram Kannan in Western countries face far less prejudice than those working in India. Meanwhile, the broader Web3 community remains divided on the issue. Some users believe that the challenges facing Polygon stem from competition from the emerging Ethereum Layer 2 network or the network's own strategies, rather than bias.