How Did Polygon Come About?
Polygon‘s journey began in 2017. The blockchain project, initially called Matic, owes its inception to individuals who believed in cryptocurrencies and blockchain, such as Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. Nailwal’s positive response to Kanani’s decision laid the foundation for the network used by millions today.
Moreover, the ten co-founders listed on Polygon’s website are not limited to Polygon alone. Some of these individuals continue to lead and develop various platform-based projects. For example, Anurag Arjun’s recent departure from the company allowed incredible progress in the development of Avail.
Polygon 2.0 Pushing Boundaries
Polygon Labs has been evaluating proposals since June, continuing to build infrastructure for “Polygon 2.0.” This ecosystem appears poised to introduce innovations. The new system, expected to consist of four key protocols, will initially focus on Zero-knowledge proof. It will also involve staking, collaboration, and execution.
Furthermore, Polygon has received a $1 billion investment in Zero-knowledge proof. Speaking at the Token2049 conference, Sandeep Nailwal provided detailed information about Polygon 2.0 and ZK-proof technology, emphasizing its potential in developing a collaborative blockchain space. Nailwal also highlighted the similarities between Web2 and Web3, underscoring the potential of Web3.
Lastly, examining the price of Polygon (MATIC), we see that it experienced a price surge earlier on Sunday, before its competitors on Monday. The price rose from $0.53 to $0.56 within a short period. However, despite attempts to sustain the price, it eventually fell amidst the overall market downturn. At the time of writing, the price appears to have recovered, reaching $0.56 once again.
