Billionaire investor Mark Cuban has made an investment in Polygon, a layer 2 Ethereum scaling solution.
Cuban confirmed the investment in a email to us but would not disclose its structure or size.
The cost of MATIC, the token that is native of, is up more than 9,535% year to date, according to Messari.
With decentralized finance (DeFi) along with other jobs going go on Polygon, users have increasingly looked to the working platform to flee the transaction that is high of the Ethereum mainnet.
“I was a Polygon user in order to find myself deploying it more and more,” Cuban stated in a e-mail.
He stated he is additionally integrating it into Lazy.com, A portfolio that is cuban enabling individuals to easily display non-fungible tokens (NFTs).
“We have talked to investors being numerous the discussion with Mark Cuban had been certainly head blowing,” Polygon co-founder Sandeep Nailwal told CoinDesk via Telegram. Polygon was listed on Cuban’s website as you of his holdings tuesday: