NEW DELHI: US-based billionaire investor, Mark Cuban, has made an investment in Polygon — an Indian layer 2 ethereum scaling solution — the startup’s co-founder Sandeep Nailwal said. Polygon said that it has now become a part of Mark Cuban’s company portfolio. “We have spoken to many investors, but the discussion with Mark Cuban was truly mind-blowing. Polygon (formerly Matic Network) was co-founded in 2017 by three Indian software engineers — Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. Ethereum, which is the base layer that Polygon uses, has come under criticism for having a high fee structure for enabling transactions.

Source: Mint May 26, 2021 02:36 UTC