Polygon raises $450 million in the latest funding round
Hassan Maishera - Cryptowisser
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 6% in the last 24 hours and is currently trading at $1.902.
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