Billionaire entrepreneur Mark Cuban invests in scaling solution for Ethereum

Mark Cuban, billionaire investor and owner of NBA's Dallas Mavericks, invested an undisclosed amount in Polygon, an Indian crypto startup working to improve Ethereum's scalability. Cuban, known for his criticism of Bitcoin in the past, said earlier this year that BTC was a "better alternative to gold." He also explained that his personal crypto wallet consists of 60% Bitcoin, 30% Ethereum, and the remaining 10% represents several other smaller altcoins. He was a much more active voice in the crypto community during this cycle and appeared on various podcasts regularly to discuss his interest in the industry. @mcuban is one of the most productive, savvy investors with the best startup investments and also one of the Sharks at @ABCSharkTank. We are proud to share that @ 0xPolygon is now part of Mark Cuban's portfolio of operations! Visit: https://t.co/RZg0oIomFS – Polygon (formerly Matic) (@ 0xPolygon) Founded in 2017 as the Matic Network, Polygon was originally designed as an Ethereum sidechain that enables faster and cheaper transactions. In February 2021, the project was renamed Polygon, and a strategic change was made to support additional Tier 2 solutions to reduce costs. Strong adoption in the Decentralized Finance (DeFi) space, following integrations with popular projects such as Polygon, Aave, Curve Finance, SushiSwap, and more in recent months. The technology has also been used by the creators of NFT and crypto gaming platforms. https://twitter.com/0xPolygon/status/1377640312487600130?s=20 Cuban is said to have integrated Polygon into Lazy.com, a new online gallery creation project designed to easily view NFTs in any format. give. Sandeep Nailwal, co-founder of Polygon, told Economic Times, "The best thing he heard is that Mark Cuban uses the practices in Polygon." According to Nailwal, this is a "perfect springboard" for the project as it will help attract more US investors. MATIC

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