Web3 Remains ‘Mega-Mega Bullish’ Despite, Polygon Co-Founder

• The bear market will last a long time, but things could return to normal in less than a year.
• In the most recent Twitter discussion, Nailwal stated that despite the market’s turmoil, Web 3 remains bullish.
• Polygon co-founder predicted that markets will eventually be able to find a bottom after inflation hits a peak in 3-6 months when Fed raises rates. Only then will “things become normal.”

The decline of Bitcoin and the cryptocurrency market has industry analysts predicting a long winter. However, Polygon co-founder Sandeep Nailwal remains optimistic about Web 3. The executive said that the adjustment is due to “macro” factors rather than inherent problems in the Web 3 sector.

In the most recent Twitter discussion, Nailwal stated that despite the market’s turmoil, Web 3 remains bullish.

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“Long-term Web3 remains mega-mega bullish, so newbies keep learning and builders keep building!”

While anticipating a long bear market, Nailwal stated that if the US Federal Reserve manages to “remove” the market’s uncertainties, there may be a reprieve and that “there is a lot of dry powder sitting on the sidelines to bring in aggressive bull rallies.” However, given the concerns about sticky inflation and stagflation, the prospect of such a scenario appears dismal.

A large amount of funding has been raised by several venture capital funds. Nailwal believes that while these companies will be more careful in their bet selection and acceptable values would be considerably lower, the executive expects “thesis-based VCs to continue deploying.” He also stated that the majority of them will participate in liquid markets.

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The Polygon co-founder predicted that markets will eventually be able to find a bottom after inflation hits a peak in 3-6 months when Fed raises rates. Only then will “things become normal.”