The Polygon Network was initially developed to scale Ethereum, and its investors include billionaire Mark Cuban. Polygon has additionally entered Web3, with a blockchain-based video game and plans to launch a mobile phone operating system.
1. The first crypto billionaires in India founded Polygon: In October 2017, Jaynti Kanani, Sandeep Nailwal and Anurag Arjun developed Polygon. It was initially called the MATIC Network and later referred to as Polygon.
2. Mark Cuban is an investor: Mark Cuban, billionaire and owner of the NBA team Dallas Mavericks, is one of the investors in the network. Partners include Chainlink and Decentraland.
3. Polygon aims to transform Ethereum: Polygon was developed to turn Ethereum into a comprehensive, interoperable multi-chain ecosystem, similar to Polkadot or Cosmos. Ethereum's robust security and protocol only add to its prowess.
4.The Network is developing solutions to scale Ethereum for mass adoption: Polygon offers scaling infrastructure for Ethereum to allow it to support the building of decentralized apps (dApps), mass transaction processing into a single transaction
6.Polygon is a part of Web3: Polygon’s network is involved in Web3 since it improves transaction times, which interests NFT enthusiasts. In August 2022, it launched the Web3 gaming system, GameSwift, allowing users to play blockchain-based games.
7.Polygon intends to launch a mobile phone operating system: In July 2022, Polygon announced that it partnered with mobile phone maker, Nothing, to offer Web3 technology to mobile phone users.