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.
💬 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.
💬 Should successful apps share more value with the chains they run on?
#Polymarket #Polygon