Prediction markets are now raising money like major exchanges.
Per The Block, Polymarket is seeking $1 billion at a $21 billion post-money valuation, with 1789 Capital contributing around $300 million, while it rolls out its V2 protocol. It also hired Travis VanderZanden as chief growth officer.
That is a huge number for an app built on Polygon, yet $POL trades near $0.103, down about 5.3% in 24 hours, per CoinGecko. In my view, the value of the app layer and the value of the chain token are drifting apart, and that gap is worth watching.
đŹ Should successful apps share more value with the chains they run on?
#Polymarket #Polygon
Per The Block, Polymarket is seeking $1 billion at a $21 billion post-money valuation, with 1789 Capital contributing around $300 million, while it rolls out its V2 protocol. It also hired Travis VanderZanden as chief growth officer.
That is a huge number for an app built on Polygon, yet $POL trades near $0.103, down about 5.3% in 24 hours, per CoinGecko. In my view, the value of the app layer and the value of the chain token are drifting apart, and that gap is worth watching.
đŹ Should successful apps share more value with the chains they run on?
#Polymarket #Polygon