Last Updated on May 27, 2021 by Jason
Mark Cuban, a billionaire investor, says that he has recently invested in Polygon, which is a layer 2 scaling solution for Ethereum. He confirmed his investment, but isn’t forthcoming on how big it is.
Polygon’s token has increased by more than 9,000% in the past year. With decentralized finance and other projects being released live on Polygon, users have turned to the platform to get around the high transaction fees that often bog down Ethereum.
Cuban says, “I was a Polygon user myself and find myself using it more and more.”
Sandeep Nailwal, co-founder of Polygon, says, “We have spoken to many investors but the discussion with Mark Cuban is truly mind-blowing.” Cuban listed Polygon on his website:
🙌🏻 We’re proud to share that @0xPolygon is now part of the Mark Cuban company portfolio!
🌐 Visit: https://t.co/RZg0oIomFS
— Polygon (previously Matic) (@0xPolygon) May 25, 2021