Famous investor Mark Cuban has bought the Indian startup Polygon, a solution built on Ethereum layer 2. Describing himself as a user of Polygon, Cuban did not disclose the amount of the deal. Polygon’s token MATIC has been rising exponentially since the start of the year. Polygon is popular for low gas fees. Among the first uses of Polygon will be integration into Cuban’s Lazy.com, a site that displays NFTs.
Polygon co-founder Sandeep Nailwal described the experience talking to Cuban as mindblowing. A tweet from the company said Cuban was insightful and one of the sharks in @ABCSharkTank.
In another development, Polygon’s data is now searchable in Google’s Cloud platform. This is an integration with Google BigQuery and is meant for developers who can look into on-chain data for analysis.
Polygon currently sees around 6 million transactions every day. The official website describes it as “Polygon combines the best of Ethereum and sovereign blockchains into an attractive feature set. Built by developers, for developers.” Among its features is the user experience, described on the site as “Comparable to Web2, “zero-gas” transactions, instant (deterministic) transaction finality.”
Some of the featured projects on Polygon are:
Neon District – Cyberpunk RPG adventure game that allows players to battle it out in a sci-fi dystopia and win in-game NFT’s.
SportX – Place your bets on your favourite sporting events with SportX and earn more with weekly contests on this popular sports betting platform.
Easyfi – A fork of Compound which brings multiple DeFi products under one roof with lending, borrowing, staking and more available in one Dapp.
Cuban is a celerity investor, and has put money in over hundred ventures. Polygon began in 2017 with Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun as co-founders. The main USP was to offer cheaper transactions with low gas fees, an issue that has plagued traders and investors recently. There are reported to be over 250 DeFi apps built over Polygon.