Mark Cuban Invests in Polygon Network as MATIC Surges 30% in 24 Hours

Mark Cuban invested in the Polygon network (formerly Matic), an Ethereum Layer-2 solution. It has joined the roster of projects supported by Mark Cuban Companies.

🔥 @mcuban is one of the most prolific and insightful investors with investments in top startups and he is also one of the Sharks on @ABCSharkTank.

🙌🏻 We’re proud to share that @0xPolygon is now part of the Mark Cuban company portfolio!

🌐 Visit: https://t.co/RZg0oIomFS

— Polygon (previously Matic) (@0xPolygon) May 25, 2021

The investment amount was not disclosed. Cuban will add Polygon support to his NFT-tracking platform Lazy.com.

“I’ve used Polygon and found that this is happening more and more,” — said co-founder Sandeep Nailwal.

The Ethereum scaling solution has gained momentum amid high network fees.

“We met with many investors, but the conversation with Mark Cuban was truly memorable,” — said co-founder Sandeep Nailwal.

According to CoinGecko, in the last 24 hours MATIC rose by 30%. At the time of writing, the token sits at 11th in the ranking with a market capitalization of $14 billion.

According to DeFi Pulse, Polygon, with a TVL of $7.3 billion, ranks fourth by the volume of assets locked.

In May, the Polygon network deployed its protocol by the liquidity-aggregation team from the 1inch decentralized exchange.

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