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Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface. Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption. In a May 25 Ask Me Anything (AMA) in the r/India community on Reddit, Nailwal was asked what he sees as some genuine at- scale “real life” use cases for blockchain other than trading and payments. In response, Nailwal stated: “I think gaming is the largest scale opportunity for crypto," adding: “There are some top games launching in Web3 in the next 6-18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.” “Polygon combined with its ecosystem players like IMX [Immutable X] got the lion's share in terms of those funded games. Fingers crossed...

One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.” Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921 Ether (ETH)  worth $1.7 million will be "stuck forever" in one of its new projects. The statement comes as one zkSync project is currently experiencing issues in transferring the funds that it accumulated during its token sale. In a response tweet, Matter Labs confirmed that they're working to solve the problem and will soon publish a "detailed update." Not stuck forever . We are working with the team to help them solve the problem and will publish a detailed update in a bit. Tune in. — zkSync ∎ (@zksync) April 6, 2023 The issue appears to have been caused by its new zero-knowledge Ethereum Virtual Machine solution, "zkSync Era," not being fully Ethereum Virtual Machine (EVM)-compatible. While the zero...