American billionaire: Mark Cuban invests in Indian cryptocurrency polygon
The entrepreneur has made an undisclosed investment in the IT business. Polygon, a blockchain technology company 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, added Polygon, an Indian cryptocurrency startup, to his portfolio.
Who is Mark Cuban?
Cuban, owner of the NBA’s Dallas Mavericks and one of the show’s main âsharkâ investors, is one of the biggest backers of cryptocurrencies, especially Ethereum and Dogecoin. He has a total of ten blockchain startups to his credit.
According to Forbes, Cuban has a net worth of $ 4.4 billion and has invested in more than 100 companies.
The startup is characterized as – on the Mark Cuban Companies website.
Polygon is now listed on Cuban’s official website as one of the many companies it has invested in. According to the company, Polygon is the “first well-structured and easy-to-use platform for Ethereum scale-up and infrastructure development.”
About the company Matic
Polygon, formerly known as Matic Network, was formed in 2017 by three Indian software developers, Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, with Serbian Mihalio Bjelic later joining as co-founder.
ðð» We are proud to share this @ 0xPolygon is now part of the Mark Cuban corporate portfolio!
ð Visit: https://t.co/RZg0oIomFS
– Polygon (formerly Matic) (@ 0xPolygon) May 25, 2021
Polygon is an Ethereum blockchain-based cryptocurrency 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 top 20 cryptocurrencies in the world. It is worth around $ 2.16. And now, with the involvement of Cuban, the value of the made in India company will increase much more.
The price of the polygon in India is Rs 155.77 as of May 27, 2021
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Article first published: Thursday, May 27, 2021, 6:50 p.m. [IST]