The crypto space moves fast, and those that don’t innovate get left behind. Polygon has the capital on hand to do a lot. Let’s dive into their game plan. In February, Polygon raised $450M in a round led by @sequoia.
Polygon is looking to expand by hiring more talent. They have over 100 open roles around the world. Moreover, this is not being swayed by market conditions. Polygon is looking to build and get ahead during this bear market.
Their executive team looks great too. The team consists of former Amazon, Google, Unity, Riot Games, Facebook, Activision, EA executives. They have over 100 years of combined leadership experience.
It’s hard to do big things alone in Crypto. The nature of decentralization necessitates collaboration. More and more of Web 2 is moving to Web 3, often through partnerships. Polygon has announced partnerships with some huge players including @stripe, @Meta, and @TiltingPoint.
Polygon is trying to set itself up to succeed as Web 2 moves to Web 3. They’re trying to be the leading infrastructure for future open internet Web 3 platforms. Many large platforms are choosing Polygon, and there are over 20,000 dApps that have already been deployed.
Every Supernet is built and run for a specific application, project, or use case. The advantages of this “dedicated Web 3 hosting” are already described above. In Q2, Polygon averaged 4.16M transactions per day.
Polygon is going to continue to grow its ecosystem. Polygon’s Ecosystem Fund contains around $100M. It plans to deploy significant capital to help grow “the next generation of web3 dApps.”
Polygon aims to innovate as well. Supernets were launched recently, and ZKs are coming soon. Supernets aim to enable mainstream adoption of Polygon.
Every Supernet is built and run for a specific application, project or use case. Supernets can also be secured by Polygon’s MATIC. You can read more here:
Polygon Supernets, Powered by Polygon Edge; $100M Ecosystem Fund
We announced Polygon Edge in May 2021, and have been building heads down with a vision for it to become the gateway to multi-chain Ethereum. Polygon Edge is a customizable blockchain stack that enables you to build and launch dedicated blockchain networks tailored specifically to your needs.
Security is near the top of Polygon’s priority list as well. Polygon invests heavily in security. In the upcoming month, Polygon is going to increase its internal security team to 20 world-class engineers.
It’s great to see Polygon focus on security after seeing so many exploits this past year.
Web 3 and crypto are rapidly growing. Polygon is innovating and doing its best to position itself as a leading network. Polygon is a great chain today and its future looks bright.