The entrepreneur has made an undisclosed investment in the IT firm. Polygon, a blockchain technology business based in Bengaluru, has received an undisclosed amount of money from Mark Cuban, a US-based tech billionaire, and serial startup investor. Mark Cuban, an American investor, has added Polygon, an Indian cryptocurrency startup, to his portfolio.
Who is Mark Cuban?
Cuban, the owner of the NBA's Dallas Mavericks and one of the show's main "shark" investors, is one of the most prominent backers of cryptocurrencies, particularly Ethereum and Dogecoin. He has a total of ten blockchain startups under his belt.
According to Forbes, Cuban has a net worth of $4.4 billion and has invested in over 100 businesses.
The startup is characterized as - on Mark Cuban Companies' website.
Polygon is now listed on Cuban's official website as one of the many companies in which he has invested. According to the business, Polygon is the "first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development."
About Matic Company
Polygon, formerly known as Matic Network, was created in 2017 by three Indian software developers, Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, with Serbian Mihalio Bjelic joining as a co-founder later.
🔥 @mcuban is one of the most prolific and insightful investors with investments in top startups and he is also one of the Sharks on @ABCSharkTank.— Polygon (previously Matic) (@0xPolygon) May 25, 2021
🙌🏻 We're proud to share that @0xPolygon is now part of the Mark Cuban company portfolio!
🌐 Visit: https://t.co/RZg0oIomFS
Polygon is a cryptocurrency based on the Ethereum blockchain that attempts to speed up and secure transactions. Bringing together scalable Ethereum solutions to support a multi-chain Ethereum ecosystem. Polygon is already one of the world's top 20 cryptocurrencies. It is worth approximately $2.16. And now, with Cuban's involvement, the value of the made-in-India company will rise much more.
Polygon price in India is Rs 155.77 as of May 27, 2021