$3 Mln for Polygon: Sandeep Nailwal Shares Crazy Failed Offer Story from 2018

Key Points

1. Sandeep Nailwal received a $3 million offer for Polygon (then Matic Network) in 2018 but refused to sell, despite the challenging market conditions during the Crypto Winter.

2. During the 2018 Crypto Winter, Polygon faced difficulties securing funding, with VCs showing little interest in the project.

3. Polygon rebranded from Matic Network in 2020, evolving into a major DeFi hub and securing $500 million in funding.

4. In 2025, Polygon is preparing to launch Agglayer, a cross-chain interoperability infrastructure, and is processing over $250 million in monthly payments in Latin America.

5. Nailwal's decision to reject the $3 million offer ultimately paid off as Polygon grew into a significant player in the blockchain space.