Time to Invest in Polygon Crypto | Elon Musk planning to invest in Polygon Cryptocurrency

Time to Invest in Polygon Crypto | Elon Musk planning to invest in Polygon Cryptocurrency


India’s crypto platform for Ethereum scaling and infrastructure development Polygon (then Matic Network) has raised a “huge” investment from American businessman Mark Cuban best known as the owner of the Dallas Mavericks NBA basketball team and one of the ‘sharks’ Exhibitions true Shark Tank. Polygon, which described itself as ‘Ethereum internet of blockchains’, transforms Ethereum into a complete multi-chain system and is highly secure and powerful in terms of the support structure it supports, its developers wrote to Medium earlier this year.

“Recently we saw that Mark was speaking on social media about Polygon and had other applications built on Polygon. Jack Dorsey, Cuban, Elon Musk, etc., also used background apps using Polygon Chain. Therefore, we saw that he might be interested in it. He knew in-depth the many things we can only expect from crypto experts. He even knew our competitive environment and how applications could be better. It was an encouraging and thought-provoking call for me. This is a huge amount on his part, ”Sandeep Nailwal, the club’s founder, Polygon told Financial Express Online.

Cuba is already helping start by connecting the team with its portfolio applications that are interesting to build on Polygon. “As it stands, we will be able to arouse more interest in the US,” he added. On the other hand, Nailwal will also want to write to Elon Musk and other crypto sponsors about his upcoming investments. “We really want to reach out to him (Elon Musk). We will definitely want to touch the foundation with others. Therefore, we will be finding the best way to contact them. ”

However, the Cuban investment from Polygon may not be surprising given the natural growth of Polygon. Cuba is a temporary investor in the Blockchain industry by investing in more than 10 projects in the past year including Injective Protocol, CryptoSlam, etc. “Polygon is the fastest growing blockchain environment to date, with more than 250 Blockchain applications currently using the Polygon network. Polygon is a layer of 2 Blockchain networks that expands the Ethereum network and offers faster transaction speeds. This is the main reason for this huge shift in Blockchain applications to Polygon. “After the news of the investment, Matic, which is a polygon network index, has seen a 50 per cent increase in prices,” Hitesh Malviya, Crypto Expert and Founder, itsbullchain.com told Financial Express Online.

In the meantime, Nailwal wants the Polygon token up, at least shortly after Bitcoin and Ethereum. According to CoinMarketCap, Polygon is already the 12th largest token with a market capitalization of nearly $ 14 billion. “It sounds great to be among the top, but the growth from about $ 200 million (market cap) in January to this big one happened as there was a great need for pent-up. We launched it in June 2020 but the background work started in 2017, ”he added. Polygon Solutions has seen significant discoveries with more than 250 distributed applications, about 7 million transactions, and about 790,000 users. The company is already listed on the Cuban staff list on its website.

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