Polygon (Matic) has been added to Cuban’s portfolio of corporations with an outline that learn, “Polygon is the primary well-structured, easy-to-use platform for Ethereum scaling and infrastructure growth.”
A serial startup investor, Cuban is the proprietor of NBA’s Dallas Mavericks and one of many predominant “shark” buyers on the truth TV present, ‘Shark Tank’. In response to stories, Cuban is integrating Polygon crypto into Lazy.com, a portfolio firm that enables individuals to simply show non-fungible tokens (NFTs). A prolific crypto backer, he has plans within the works to construct a brand new on-line gallery to show NFTs in any kind.
Cuban’s internet value is pegged at over $4 billion, in accordance with Forbes.
“The very best factor to listen to was Mark Cuban himself makes use of purposes on Polygon,” Sandeep Nailwal, co-founder of Polygon, advised ET over WhatsApp. “Getting funding from Mark Cuban is a giant stepping stone for Polygon as it should appeal to extra Tier I buyers within the US in direction of Polygon ecosystem.”
Have legendary @mcuban as an investor – CHECK!! https://t.co/td05cnz9AW
— Sandeep – Polygon(prev Matic Community) (@sandeepnailwal) 1621964576000
breached $13 billion in market cap earlier this yr.
“Development has been important. Some a part of it’s hypothesis—as with all cryptocurrency— however now we have additionally expanded our imaginative and prescient and scope of labor,” Sandeep Nailwa had advised ET earlier. “A mix of real-world utility and consumer adoption has had a snowball impact.”
🔥 @mcuban is without doubt one of the most prolific and insightful buyers with investments in high startups and he’s additionally one… https://t.co/UN2AoScaJ6
— Polygon (beforehand Matic) (@0xPolygon) 1621962002000
Polygon has gained in recognition, of late, because the Layer II know-how to Ethereum has discovered rising use circumstances in gaming and non-fungible tokens. Its scaling options have seen widespread adoption with 250+ apps, nearly 76 million transactions and nearly 790,000 distinctive customers.