Compartir este artículo
Polygon Raises $450M From Sequoia Capital India, Galaxy, SoftBank to Support Web 3 Plans
Polygon will use the funding to build Web 3 applications and invest in zero-knowledge technology.
Por Tanzeel Akhtar
Polygon, a secondary scaling solution for the Ethereum blockchain, raised $450 million in a round of funding led by Sequoia Capital India to support the firm’s Web 3 plans.
- The round included funding from 40 venture capital firms, including SoftBank, Michael Novogratz’s Galaxy Digital, Tiger Global, Republic Capital and hedge fund manager Alan Howard as well as Kevin O'Leary of ABC's "Shark Tank."
- The funding will be used to build Web 3 applications, including Polygon PoS, Polygon Edge and Polygon Avail, which are similar to Amazon Web Services’ offerings for Web 2 developers, Polygon said in a statement.
- The funds were raised through a private sale of Polygon's native MATIC token, which surged after the funding was reported by CNBC on Monday. As of press time, the MATIC price was up 17% in 24 hours to $1.98, based on CoinDesk data. The market capitalization is now about $20 billion.
- Polygon is also investing in zero-knowledge technology that it said will be key to onboarding the next billion users to Ethereum.
- There has been growing interest in Web 3, which is the third generation of internet services and has been made possible by decentralized networks.
- "Web 3 builds on the early Internet's open-source ideals, enabling users to create the value, control the network and reap the rewards," Polygon co-founder Sandeep Naiwal said in the statement. "Ethereum, scaled by Polygon, will be the bedrock of this next stage in the Web's evolution."
- The fundraising is the project's first major financing round since it was founded in 2017.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
Read more: What Is Web 3 and Why Is Everyone Talking About It?
UPDATE (Feb. 7, 16:00 UTC): Adds MATIC price reaction in third bullet point.
UPDATE (Feb. 7, 16:08 UTC): Adds token sale in second bullet, moves price reaction.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
Lo que debes saber:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
