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About Polygon
Industries
Crypto & Web3
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$439.1M
Headquarters
George Town, Cayman Islands
Founded
2017
Overview
Polygon enhances blockchain scalability and infrastructure, primarily for the decentralized finance (DeFi) market. It offers tools like the Polygon PoS (Proof of Stake) Chain for faster transactions and bridging solutions for asset transfers between blockchains. Developers can also access APIs and indexing services to manage their projects more effectively. The company aims to provide efficient solutions that help clients reduce costs and improve the performance of their decentralized applications.
Simplify's Take
What believers are saying
- Partnership with Jio Platforms could expand Polygon's user base by 450+ million users.
- Collaboration with Magic Labs enhances cross-chain interoperability, benefiting developers and users.
- Investment in Moonveil aligns with the growing trend of blockchain integration in gaming.
What critics are saying
- Increased competition from Arbitrum and Optimism may impact Polygon's market share.
- Regulatory scrutiny on blockchain projects could lead to higher compliance costs for Polygon.
- Reliance on Ethereum's network means changes in Ethereum's protocol could affect Polygon.
What makes Polygon unique
- Polygon offers a comprehensive suite of Ethereum scaling solutions, including ZK Rollups.
- Polygon's PoS Chain enables faster and cheaper transactions than traditional blockchain networks.
- Polygon's bridging solutions enhance interoperability between different blockchain networks.
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Funding
Total Funding
$439.1M
Above
Industry Average
Funded Over
3 Rounds
Tiger GlobalBenefits
Work from anywhere (Remote first)
Flexible working hours
Flexible vacation policy
Competitive Salary
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↓ -3%2 year growth
↓ -4%Karpous, a platform providing accessible Real-World Assets (RWAs), has joined forces with Polygon to bring a unique solution to tokenizing physical assets.
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Karpous takes another significant step toward making RWAs accessible to everyone. Running on Polygon, Karpous opens doors to yield generation inclusivity like never before.Real-world assets (RWAs) are the epitome of physical existence. Karpous leverages technological breakthroughs and blends them with income-generating assets
Jio Platforms, una subsidiaria de Reliance Industries y una de las principales empresas tecnológicas de India, ha entrado en una asociación estratégica con Polygon Labs, el brazo desarrollador de los Protocolos de Polygon.Esta colaboración marca un hito en la incursión de Jio en la tecnología Web 3.0 y blockchain. Jio tiene como objetivo integrar estas tecnologías en sus servicios existentes.Jio entra en Web3 con PolygonLa asociación se centrará en incorporar capacidades de Web 3.0 en algunas de las aplicaciones y servicios populares de Jio, que ya atienden a más de 450 millones de clientes en toda India. Usando las avanzadas soluciones de blockchain de Polygon, Jio tiene como objetivo crear nuevas experiencias digitales que podrían cambiar las experiencias de los usuarios.Kiran Thomas, CEO de JPL, expresó entusiasmo por la asociación, enfatizando el potencial para desarrollos innovadores en el espacio Web 3.0:. “Unir fuerzas con Polygon Labs marca un hito significativo en el viaje de Jio hacia la excelencia digital. Estamos emocionados de explorar las infinitas posibilidades de Web3 y ofrecer experiencias digitales incomparables a nuestros usuarios”, dijo Thomas. Leer más: ¿Cómo comprar POL (ex-MATIC) en 2025? Todo lo que necesitas saberAdemás, el fundador de Polygon Labs, Sandeep Nailwal, también expresó entusiasmo por la asociación
Jio Platforms Ltd. (JPL) a multinational technology company and a subsidiary of Reliance Industries Limited, has entered a strategic partnership with Polygon Labs, the developer arm of Polygon Protocols for its Web3 and blockchain debut in India.
Zug, Switzerland, 5th December 2024, Chainwire
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About Polygon
Industries
Crypto & Web3
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$439.1M
Headquarters
George Town, Cayman Islands
Founded
2017
Polygon is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today