Polygon appears not only to be enjoying massive crypto native users who swarm in to benefit from its fast transactions and cheap DeFi fees; it has now landed a high-profile billionaire investor, Mark Cuban. The Shark Tank star’s website shows that Polygon was added to its list of companies, insinuating Mark Cuban is now backing one of the hottest sensations of crypto today.
Per a Cointelegraph report on the issue, Mark Cuban said he was an admirer of Polygon as a platform. He was quoted to have said :
“It is fast, it works well and most importantly their user base is growing exponentially.”
Mark Cuban stated that he is in the process of integrating Polygon across one of his platforms saying:
“We are in the process of integrating polygon into lazy.com which we think will be very beneficial to creating a platform to extend NFTs and personal galleries.”
Cuban’s recent outlook with cryptocurrency related products hasn’t always been positive as he was at a point in time critical of the space. While his counterparts like Elon Musk spoke critically of BTC addressing some of its environmental concerns and reneging earlier support, Cuban took the opposite street to reiterate Dallas Mavericks, a sport company he owns would continue to accept the digital currency as payment.
Deeper ties, much more than an average Polygon user, Cuban will bring to the fore an amazing experience as a business mentor and mainstream business investment portfolio. He is teaming up big with Sandeep Nailwal and the rest of the Polygon team to help push beyond the boundaries of decentralized finance to the conventional business world.
“Having more TPS and lower gas fees is not enough,[…] There must be a CURRENT network effect and significant user growth. This is a challenge for most L1s and L2s because [with] few exceptions, marketing in the crypto universe is beyond awful.”
Sandeep Nailwal confirmed that the Polygon team and Mark Cuban are in direct conversation, signaling a deeper tie with the Maverick boss and what more to expect from the partnership.
Polygon is taking the DeFi industry by storm, aggressively pursuing to bring the broader DeFi ecosystem and mainstream sector to Ethereum.
Polygon which was previously Matic Network has transformed from just being a Layer 2 to a commit chain, offering project developers the needed platform for faster transaction and cheaper fees while still enjoying Ethereum’s base layer security. Top DeFi protocols are actively porting to Polygon to enjoy the throughput it offers. Aave, Sushiswap, Quickswap and many other top DeFi projects are actively building on top of Polygon.
It has moved from a fairly obscure Layer 2 contender to becoming a top 12 crypto platform with over $14 billion in market cap surpassing the likes of Bitcoin Cash, Litecoin, Chainlink and even Solana.
Several types of Dapps ranging from NFTs & Gaming, DAO, B2B, and infrastructure providers like wallets and oracles are all leveraging Polygon’s platform according to data from Awesome Polygon.