What Polygon Co-Founder’s New Web3 Fellowship Program Offers

10 fellows will get $50,000 a year, among other benefits.

Sandeep Nailwal similing in the digital clouds, Polygon coins floating behind him.
Created by Kornelija Poderskytė from DailyCoin
  • Polygon co-founder Sandeep Nailwal has launched a new web3 fellowship program.
  • Nailwal said that he’s funding the program from his personal capital.
  • The program offers entrepreneurs funds and other benefits.

Polygon is one of the most popular blockchains in the crypto industry. It scales Ethereum and enables cheap and fast transactions.

Polygon’s founders are also popular and well-regarded. One of them, Sandeep Nailwal, has just launched his Web3 fellowship program.

What Polygon Co-Founder’s New Web3 Fellowship Program Offers

Sandeep Nailwal, Polygon’s co-founder, announced on Tuesday that he’s launching a new web3 fellowship program.


The Nailwal Fellowship will invest $50,000 in ten individuals for a year to bring the brightest minds to the blockchain industry. Nailwal said that he’s investing his capital.

“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.”

Nailwal also said that the capital he’s investing is meant to be used by “top builders” to “quit their cushy jobs or to resolve things in their lives” that are preventing them from “realizing their true potential.”

“In addition to capital, recipients of the Fellowship will receive support from Symbolic Capital in the form of weekly mentorship, a suite of tools for connecting with top founders & investors, and the ability to raise funding if a company is started as a result of the Fellowship.”

The Polygon co-founder also opened up about his personal struggles. He said he came from a poor family and had a tough upbringing.


“I am the son of a poor day-to-day worker from Jamna-Paar, Delhi who migrated from a peasant family in search of livelihood. My early life was not easy, I spent the beginning of my career just working to pay bills, unable to pursue my real dreams of starting my own company.”

Nailwal said his life changed drastically after quitting his job to pursue entrepreneurship full-time. He called founding Polygon “the accomplishment of my professional life.”

“When I quit my job to pursue entrepreneurship full-time, it was a terrifying decision – like jumping out of a plane without a parachute. Fortunately, & due to my wife's support, it worked out for me and growing Polygon has been THE accomplishment of my professional life.”

Applications for the Nailwal Fellowship close on June 15th.

On the Flipside

  • There’s likely going to be tough competition to get the fellowship. However, aspiring entrepreneurs should consider applying regardless.

Why You Should Care

Encouraging entrepreneurs in the crypto industry to build and found companies are a net positive for everyone involved.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.