Polygon (MATIC) climbs 32% following strong backing from tech billionaire Mark Cuban

The price of Polygon's native MATIC coin jumped 32% today to over $ 2.0. At the time of going to press, MATIC is trading at $ 2.13 with a market capitalization of $ 13.1 billion. The latest price hike occurred when tech billionaire Mark Cuban officially announced his support for the Indian blockchain startup. Mark Cuban, with a net worth of $ 4.4 billion, has invested heavily in the crypto space. Polygon (MATIC) will be the latest member of Mark Cuban's cryptocurrency / blockchain investment portfolio. Polygon develops Layer 2 Ethereum scaling solutions and was co-founded by Indian software engineers Sandeep Nailwal, Jaynti Kanani and Anurag Arjun in 2017. Nailwal confirmed this latest news, “We met with a lot of investors, but the discussion with Mark Cuban was really great. It was so great to know the industry, technology and the nuances of adoption that we uncovered after months behind, that he was already thinking about it and had these questions in mind ”. Polygon – Ethereum Scaling Infrastructure Provider Ethereum blockchain network, DApp, DEX, DeFi, smart contracts, NFT etc. It is home to a wide variety of users, as it facilitates such a huge ecosystem. Polygon provides a user-friendly and well-structured interface for developing and scaling Ethereum infrastructure. As a result, Polygon has managed to establish a strong presence, especially among Ethereum developers. This Tier 2 scaling project tackles one of Ethereum's biggest problems – costly transactions and network congestion. Thus, many of the Decentralized Financial Protocols (DeFi) help the Ethereum network bypass the high transaction fees. The best thing about Polygon is that Ethereum doesn't compromise its security as it solves the problems of high gas costs and low speeds. While Mark Cuban joins the Polygon ecosystem, this Layer 2 protocol provides broad access to other billionaire-owned companies. Cuban, owner of the Basque National

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