Polygon is known for being a developer-friendly Ethereum scaling and infrastructure development platform. It was already a well-known player in the blockchain space while operating as Matic Network, but a 2021 rebrand to Polygon saw it expand its tech-scope and mission, with a new aim of becoming “Ethereum’s internet of Blockchains”.
Not long after rebanding, the company completed its first major fundraise. This round created real excitement about the platform’s capabilities. Now, Instagram’s NFT creation toolkit for its creators uses the Polygon Network, Stripe uses it to accept crypto payouts, while Adidas and Prada’s NFT projects are also developed there.
Even though the blockchain and crypto spaces are notoriously unpredictable, Polygon has continued to expand into different markets and looks to be in good health. Indeed, it’s been investing heavily in other Web3 based startups while also making strategic acquisitions to further broaden its own services. A recent tie-up with Casio to launch its range of G-SHOCK NFTs is a further boost to the company and a promising sign of things to come.
Steph
Company Specialist at Welcome to the Jungle
