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Polygon crypto gets funding from billionaire investor Mark Cuban

Polygon crypto gets funding from billionaire investor Mark Cuban

On Tuesday polygon received funding from one of the United States based billionaire entrepreneurs Mark Cuban. He is the co-founder of the homegrown blockchain technology firm.

It has been added to the entrepreneur portfolio of companies with the description that read- 

“Polygon is the first well-structured, easy to use platform for ethereum scaling and infrastructure development”. 

Additional e the investor Mark is the owner of NBA’s Dallas Mavericks and one of main “shark” investors on the reality TV show- “Shark Tank”. 

As per the recent reports he is integrating Polygon crypto into Lazy.com. It is considered as a portfolio company that allows people to easily display non-fungible tokens (NFTs). 

Other plans involve that he will be working to build a new online gallery to display NFTs in different forms. 

The US billionaire entrepreneur net worth is at over 4 million dollars. 

Meanwhile, Co founder of Polygon Sandeep Nailwal said- The best thing to hear was Mark Cuban himself uses an application on Polygon. Getting investment from him is a big stepping stone for us as it will attract more Tier I investors in the United States towards the Polygon ecosystem. 

The company gained significant popularity, as the layer II technically technology Ethereum has found increasing use cases in gaming and non-fungible tokens. It’s solution has been adopted by 250+ applications, almost 76 billion transactions and almost 790,000 unique users.  

Lastly, Polygon’s tokens breached $13 billion in market capital earlier in 2021. And the founder said- “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,”

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