- Polygon co-founder Sandeep Nailwal has launched a new web3 fellowship program.
- Nailwal said that heโs 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.
Polygonโs 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, Polygonโs co-founder, announced on Tuesday that heโs launching a new web3 fellowship program.
Sponsored
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 heโs investing his capital.
โWhy 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 โ I want to bring as many founders into web3 as possible.โ
Nailwal also said that the capital heโs investing is meant to be used by โtop buildersโ to โquit their cushy jobs or to resolve things in their livesโ that are preventing them from โrealizing their true potential.โ
โIn 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.โ
The Polygon co-founder also opened up about his personal struggles. He said he came from a poor family and had a tough upbringing.
โI 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.โ
Nailwal said his life changed drastically after quitting his job to pursue entrepreneurship full-time. He called founding Polygon โthe accomplishment of my professional life.โ
โWhen I quit my job to pursue entrepreneurship full-time, it was a terrifying decision โ 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.โ
Applications for the Nailwal Fellowship close on June 15th.
On the Flipside
- Thereโs 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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