Polygon received nearly 1/2 a Billion in venture funding by Sequioa Capital and other majore players including SoftBank, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Dune Ventures, Alexis Ohanian’s Seven Seven Six, Steadview Capital, Unacademy, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Variant Fund, Sino Global Capital and Kevin O’Leary.
Polygon has grown in prominence over the last year as NFTs continue their parabolic entry into the mainstream. While Ethereum and other Layer 1 networks are seen as premium destinations for art and other collectibles, Polygon has become the destination for gaming NFT projects including Crypto Raiders and Zed Run.
Polygon has been an active player on their own, spending upwards of $900m on acquiring key technologies and firms.
“Previously at MATIC Network [the former name of Polygon], we were building Plasma solutions,” he said. “Although 10 to 15 teams raised money on the Plasma hype, we were the only team that shipped a proper product with Plasma capabilities.” – Tech Crunch
The Polygon Network is a project that aims to decentralize the internet. In order to do so, it has created a blockchain-based system that will allow users to access the internet without relying on centralized servers.
Polygon believes in web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly DApps with low transaction fees without ever sacrificing on security.
Over 7000+ dApps have used Polygon to scale their performance
- ETH Compatible
- Secure
- Scalable
- Incredible Experience