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Ethereum blockchain platform Polygon has raised nearly $450 million in a funding round led by Sequoia Capital India. The platform will utilise fresh funds to ensure mass adoption of Web 3.0 applications.Other who participated in the round were ...
Ethereum layer-2 scaling solution Polygon has raised $450 million (roughly Rs. 3,364 crore) from several big-name investors including Sequoia Capital India, SoftBank, Galaxy Digital, and Tiger Global, boosting its war chest as demand for its services grows with the adoption of Web3.
The funds will be raised through a private sale of Polygon’s native 'Made in India' MATIC token.
Polygon released an update regarding its recommendations on how to use the famed PoS blockchain. Learn more.
Polygon reports 801k MATIC tokens were stolen on 4th December due to a bug on the Polygon PoS genesis contract.