Three Indians founded Polygon and crossed $10 billion in market capitalization. It is now in the top 20 crypto tokens in the world, according to Coinmarketcap.com, with a market valuation of $13 billion.
Non-fungible tokens (NFTs) and Defi (decentralised finance) are the elements that let them expand their market cap by customising their blockchain by gaming players. Furthermore, Coinbase, a Nasdaq-listed company, began trading polygon cryptocurrencies in March.
We have broadened our vision and scope of work, according to co-founder Sandeep Nailwal. He also stated that growth is significant. Jayanti Kanani and Anurag Arjun are said to be other polygon co-founders. From January to May, the number of Polygon-based apps increased almost eightfold, reaching around 400.
When compared to the US, Europe, and China, India’s blockchain startup scene appears to be still in its infancy. Mihailo Bjelic, a Serbian co-founder, was also a part of the company.
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