Polygon, formerly known as Matic Network, is a fintech company operating in the blockchain sector. Founded in 2018 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, the company achieved a valuation of $10 billion by 2021. Focused on providing B2C services. It is a Layer 2 scaling solution for Ethereum that enhances the speed and reduces the cost of transactions on the Ethereum blockchain, promoting decentralized applications (dApps) building aggregated blockchains.
Problem
Ethereum, a popular blockchain platform, suffered from scalability issues, high transaction costs, and slow processing times, limiting its adoption.
Polygon Solution
Polygon built a layer-2 scaling solution for Ethereum, which improved transaction speeds and reduced costs, making decentralized applications (dApps) more efficient.
Initial Users & Marketing Hack
Early users were developers and dApp creators who needed a more scalable blockchain infrastructure. Polygon leveraged developer conferences and partnerships within the blockchain community to attract its first users, along with grants to incentivize building on its platform .
Polygon Offerings
Scalability Solutions: Provides tools for developers to build and scale dApps efficiently.
Interoperability: Supports multiple blockchain networks, enhancing the usability of decentralized finance (DeFi) applications.
Developer Tools: Offers a suite of APIs and tools for blockchain development.
Website
Linkedin Page
Founder's profiles
Jaynti Kanani, https://www.linkedin.com/in/jaynti-kanani/
Sandeep Nailwal, https://www.linkedin.com/in/sandeepnailwal/
Anurag Arjun, https://www.linkedin.com/in/anuragarjun/