Polygon Founder: The bear market might be long, but I still believe in the future of Web3
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Polygon Founder: The bear market might be long, but I still believe in the future of Web3
Don't leave, the future is still brilliant.
Navigating Web3 tides with focused insightsWritten by: Sandeep, Founder of Polygon
Compiled by: TechFlow intern
The founder of Polygon shares his thoughts on the current market conditions and the future development of the industry. Don't walk away—the future remains bright.
I rarely talk about markets, but now I want to share my views on this chaos.
Not financial advice
1. This downturn is more tied to "macro" factors than any fundamental weakness in Web3. Long term, I remain extremely bullish on Web3, so newcomers should keep learning, and builders should keep building!
2. The bear market could be long, but if the Fed does something that removes this uncertainty, massive outside capital will flood in, triggering a sharp bull rebound. Given inflation and stagflation concerns, however, this scenario seems unlikely.
3. In private markets, many venture funds have raised substantial capital. Although they'll be cautious in selecting assets and accept much lower valuations, I expect them to continue deploying—most will remain active even in public markets.
4. Projects targeting large enough TAMs and achieving some product-market fit can still raise funds. If you haven’t achieved that, your focus should be on survival. Projects with only tokens and no real value will be eliminated forever.
5. Projects that are well-funded and capable of actively building during this period have ample room to grow over the next 2–3 years and may create generational value. I can confidently say Polygon is one such project—though there are certainly many others.
6. Prediction: From a macro perspective, within 3–6 months after 2–3 Fed rate hikes of 50–75 basis points, inflation will have "definitively" peaked. Large investors will then absorb any further hikes, markets will find their bottom, and things will normalize.
7. But all of this assumes rationality, and as the legendary economist Keynes said, "The market can stay irrational longer than you can stay solvent." So ensure proper hedging, and never invest more than you can afford to lose. Stay safe!
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