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Polygon Raises $450 Million In The Latest Funding Round

Twitter icon  •  Published 2 года назад  •  Hassan Maishera

The Polygon team announced in a blog post yesterday that it had raised $450 million in its latest funding round.

The Polygon team announced in a blog post yesterday that it had raised $450 million in its latest funding round. The funding round was led by Sequoia Capital India, SoftBank, Galaxy, Tiger and Republic Capital.

The team will use the funds to secure Polygon’s lead in paving the way for mass adoption of Web3 applications, a race that we believe will result in Ethereum prevailing over alternative blockchains. The funds will also allow Polygon to continue investing in cutting-edge zero-knowledge (ZK) technology that will be key to onboarding the next billion users to Web3.

MATIC is up by more than 10% in the last 24 hours and is currently trading at $1.955.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.