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Synopsis
Polygon (Matic) has been added to Mark Cuban s portfolio of companies with a description that read, Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.
AP
Dallas Mavericks owner Mark Cuban with team member Luka Doncic (77) at an NBA basketball game against the Detroit Pistons in Dallas on April 21, 2021.
Mumbai: Homegrown blockchain technology firm Polygon has received a “sizeable investment” from US-based billionaire entrepreneur Mark Cuban, in lieu of its tokens, co-founder Sandeep Nailwal told ET.
Polygon (Matic) has been added to Cuban s portfolio of companies with a description that read, Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.
Cryptos: Polkadot (DOT)
Market Cap: $21.6 Billion
Polkadot started the year at $8.307 and as of May 24, it is at $23.06, or up 177% year-to-date (YTD). This is even after the altcoin has dipped from its peak of $47.946 as of May 13. That means that the altcoin is down just over 50% from its peak. This implies that once the altcoin recovers, it could have a quite significant performance.
Polkadot’s blockchain platform allows messages and monetary values to be transferred peer-to-peer. It is a multi-chain technology built on trust among its users.
Polkadot is a layer zero blockchain that connects different layer 1 blockchains together. These layer 1 blockchains are called parachains. Polkadot provides shared security, cross-chain communication to these parachains.