Instagram Bringing NFTs to 2.9B People | Sandeep & Mihailo, Polygon
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 17 May 2022
⏱️ 64 minutes
🧾️ Download transcript
Summary
Sandeep Nailwal and Mihailo Bjelic are the Co-Founders of Polygon. They’ve been on Bankless in the past, but not during a time like the one we currently find ourselves in.
However, the bear market is not stopping Polygon from building. Polygon is enabling Instagram to bring NFTs to 2.9B people. And that's not all! They're also working with Stripe to allow USDC payments via Polygon.
Hear how exactly they plan on doing this, what they plan on building next, how they're thinking about the bear market, and so much more!
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Topics Covered:
0:00 Intro
8:41 Instagram is Adding NFTs
15:01 Meta’s Crypto Team
17:40 What Instagram NFTs Look Like
21:30 The Potential of NFTs on Instagram
26:31 Is Polygon Ready to Support New Users?
29:58 Stripe to Allow USDC Payments via Polygon
35:35 Addresses, Stripe Wallet & Gas Fees?
41:12 Polygon’s Strategy Going Forward
49:04 Polygon Supernets
53:38 Weathering the Bear Market Storm
58:55 Thoughts on the Market Crash
1:02:24 Closing & Disclaimers
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Resources:
Sandeep & Mihailo's Previous Bankless Episodes
https://youtu.be/Gf2aalPt8-k
https://youtu.be/rCJUBUTFElE
Sandeep Nailwal
https://twitter.com/sandeepnailwal
Mihailo Bjelic
https://twitter.com/MihailoBjelic
Instagram NFTs
https://imgur.com/a/c1vBnM2
Stripe to Allow USDC Payments via Polygon
https://www.coindesk.com/business/2022/04/21/stripe-taps-polygon-to-allow-customers-to-make-payments-in-usdc/
Polygon Supernets
https://twitter.com/0xPolygon/status/1517502692670640129
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bangalostation welcome to another state of the nation. |
| 0:08.7 | Got a hot episode for you today. |
| 0:10.4 | We got Polygon on, but we're talking about this. |
| 0:12.8 | Instagram is adding NFTs, okay? |
| 0:15.9 | Facebook is getting on board with crypto. |
| 0:19.0 | This is absolutely huge news which you might have missed because it came out of Monday |
| 0:24.3 | of last week and crypto had other things to worry about rather than Instagram adding NFTs. |
| 0:29.7 | but we're surfacing it to you today |
| 0:31.2 | because we think it was one of the biggest news items |
| 0:34.5 | and most bullish content things |
| 0:36.8 | that we've had happen in crypto content events |
| 0:39.0 | and we've had happen in crypto this entire year. |
| 0:41.8 | And that's not even the only thing |
| 0:43.4 | we're talking about, David. |
| 0:44.5 | What else are we covering in this episode? |
| 0:46.2 | Yes, Stripe, also doing web three things. |
| 0:49.3 | And really the theme of this episode, |
| 0:50.7 | if you can expand your brain and project this into the future. |
| 0:55.2 | This is really the web threeization of web two platforms. |
| 0:59.9 | So we got Instagram doing both read |
| 1:02.2 | and eventually write access to blockchains, |
| 1:05.4 | to public permissionless blockchains with NFTs. |
... |
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