Polygon has received funding from US-based billionaire Mark Cuban, the co-founder of the homegrown blockchain technology firm said on Tuesday. Polygon has been added to Cuban’s portfolio of companies with a description that read, “Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.”
Mark Cuban is the owner of NBA’s Dallas Mavericks and one of the main investors on the reality TV show, ‘Shark Tank’. According to reports, Cuban is merging Polygon crypto into Lazy.com, a portfolio company that allows people to easily display non-fungible tokens (NFTs). “The best thing to hear was Mark Cuban himself uses applications on Polygon,” Sandeep Nailwal, co-founder of Polygon said. “Getting investment from Mark Cuban is a huge achievement for Polygon as it will attract more Tier I investors in the US towards Polygon ecosystem.”
“Growth has been significant. Some part of it is speculation as with any cryptocurrency but we have also expanded our vision and scope of work,” Sandeep Nailwa added. Polygon has gained good popularity as the Layer II technology to Ethereum has found increasing use cases in gaming and non-fungible tokens. Its scaling solutions have seen extensive adoption with 250+ apps, almost 76 million transactions, and almost 790,000 unique users.