Q: What is Polygon's funding ?

Polygon has raised a total funding of $451M over 4 rounds . Its first funding round was on May 02, 2021.

Q: What are those Multiple funds in which Polygon has been involved?

Polygon has been involved in multiple funds, including: Symbolic Capital A $50 million fund for early-stage Web3 companies, led by Polygon blockchain founder Sandeep Nailwal. The fund's investors include crypto industry participants, protocols, exchanges, auditing firms, venture capitalists, family offices, and institutions. Inevitable Games Fund A $100 million fund for startups in the web3 gaming sector, launched by Polygon Labs, Immutable, and King River Capital. The fund has invested in companies like Pixelmon, Metalcore, and My Pet Hooligan. Polygon Ecosystem Round A fund for grants that support the Polygon community and protocol. Grants must be open source and focused on improving the user experience, growing the ecosystem, or other areas.

Question 1

What does polygon do?

Accepted Answer

Polygon is a blockchain platform that improves the Ethereum network by:

Increasing transaction speed
Polygon can handle up to 65,000 transactions per second, which is much faster than Ethereum
Reducing transaction costs
Polygon's transaction fees are much lower than Ethereum's, averaging around $0.01 compared to Ethereum's average of about $15.
Connecting Ethereum-based projects
Polygon operates using the Ethereum blockchain and connects Ethereum-based projects.
Providing a suite of software products
Polygon includes the EVM-compatible sidechain called Polygon PoS, which uses Proof-of-Stake (PoS).
Developing layer-2 solutions
Polygon is developing several layer-2 solutions for Ethereum based on Optimistic rollups and zero-knowledge proofs.

Question 2

What is Polygon's funding ?

Accepted Answer

Polygon has raised a total funding of $451M over 4 rounds. Its first funding round was on May 02, 2021.

Question 3

Is Polygon still a good investment?

Accepted Answer

Long-term forecasts see Polygon POL (ex-MATIC) potentially hitting $2.10 by 2026, driven by further upgrades and adoption. POL (ex-MATIC) remains a strong choice for investors, with 2050 projections as high as $6.

Question 4

What are those Multiple funds in which Polygon has been involved?

Accepted Answer

Polygon has been involved in multiple funds, including:

Symbolic Capital
A $50 million fund for early-stage Web3 companies, led by Polygon blockchain founder Sandeep Nailwal. The fund's investors include crypto industry participants, protocols, exchanges, auditing firms, venture capitalists, family offices, and institutions.
Inevitable Games Fund
A $100 million fund for startups in the web3 gaming sector, launched by Polygon Labs, Immutable, and King River Capital. The fund has invested in companies like Pixelmon, Metalcore, and My Pet Hooligan.
Polygon Ecosystem Round
A fund for grants that support the Polygon community and protocol. Grants must be open source and focused on improving the user experience, growing the ecosystem, or other areas.

Name	Designation	Social Links
Jaynti Kanani	Co-Founder
Sandeep Nailwal	Co-Founder
Mihailo Bjelic	Co-Founder
David Z	Co-founder, Polygon ID

Snapshot

Polygon

Polygon (POL) is both a cryptocurrency and blockchain scaling platform. Polygon connects and grows Ethereum-compatible blockchain networks.

Revenue Stream

Target Market