Polygon raises $450 million from SoftBank, Tiger, and others in a token sale (via Yogita_Khatri5)
The Ethereum scaling project plans to grow its ecosystem and onboard the next billion users in crypto.Sequoia Capital India led Polygon's fundraise, with more than 40 other investors participating, including SoftBank Vision Fund 2, Tiger Global, Alan Howard, Kevin O’Leary, Galaxy Digital, Sino Global Capital, Alameda Research, Digital Currency Group, Accel, Union Square Ventures, and Dragonfly Capital.
Polygon recently committed to investing $1 billion in ZK-rollup-related scaling efforts and since then has announcedworth $650 million: Mir and Hermez. Nailwal said the fresh capital will allow Polygon to consolidate its Ethereum scaling efforts and onboard the next billion users to Ethereum. “The platform of choice to build on the blockchain today is Polygon," said Shailesh Lakhani, MD at Sequoia Capital India."Thousands of developers across a range of applications are choosing Polygon and their complete set of scaling solutions for the Ethereum ecosystem."
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