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Instagram Bringing NFTs to 2.9B People | Sandeep & Mihailo, Polygon

May 17, 2022
Guest
Mihailo Bjelic
Guest
Sandeep Nailwal
Sandeep Nailwal and Mihailo Bjelic, Co-founders of Polygon, are driving Web3 adoption through their innovative solutions. They discuss Instagram's exciting integration of NFTs, which opens doors for creators to monetize content for 2.9 billion users. The conversation also covers a new partnership with Stripe to enable USDC payments, enhancing transaction experiences. They reflect on weathering the bear market and share insights into future strategies, including the development of Supernets to boost scalability. The optimistic outlook for NFT creators and mainstream crypto adoption shines through!
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ANECDOTE

Meta's Crypto Degens

  • Meta's crypto team impressed Mihailo Bjelic with their technical expertise during discussions.
  • He was grilled on technical details, showcasing their deep Web3 knowledge.
INSIGHT

Web2 Embraces Web3

  • Meta/Instagram's NFT integration is a major paradigm shift, embracing Web3 instead of competing.
  • This approach mirrors how CEXs initially onboarded users to Web3.
ADVICE

Scaling for Instagram

  • Polygon must improve its infrastructure to support the potential scale of Instagram's user base.
  • The gradual rollout allows Polygon time to adapt and scale accordingly.
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