Connect with us

Technology

Polygon’s big fundraise gives firm institutional heft

Published

3 years ago

on

Polygon’s big fundraise gives firm institutional heft

These are the two of Sandeep Nailwal, co-founder of Ethereum scaling and infrastructure development platform Polygon, who has decided to sell $450 million worth of native tokens to 40 large VC firms including Tiger Global and others with his co-founder Key reasons, SoftBank Vision Fund II and Sequoia Capital India.

Startups in the Web3 space often prefer to get funding from crypto-native VCs because they can provide technical knowledge and infrastructure. Multiple experts told ET that capital is a commodity in the space, as startups have the ability to go public on day one. This round demonstrates the growing interest of traditional funds in investing in crypto and blockchain startups, even if it means choosing non-traditional ways to invest in these companies.

According to market tracker Coinmarketcap.com, Polygon’s native token, Matic, would have a fully diluted market cap of nearly $20 billion over five years — if all its 10 billion tokens were in circulation.

Advertisement

In an exclusive interview with ET, Nailwal said he has been considering whether to accept institutional funding for the past six months. After all, prior to this funding round, Polygon’s funding — the money used to grow the Polygon ecosystem controlled by its founders — represented nearly 20-25% of the total token supply, or roughly $4-5 billion.

“I doubt if I should. Do we still need money? I’m even questioning whether we need institutions…but look at some of the other projects in Silicon Valley and when they are less than 10x lower than us by any organic matrix The mental space they get, I realize that this kind of institutional firepower is required,” Nerval said.

In the past three months, Nailwal has changed his mind, and he hopes to increase the company’s daily transaction volume from 4 million to 100 million in the next 18 months.

As part of its institutional round, the company sold its native token for 40% less than the average market price, which is around $2 as of this writing. Investors have a 3-year lock-up period, so 33% of investor tokens will vest each year.

Advertisement

“We are now moving towards a new phase of our growth, when we interact with institutions, banks and large financial entities, they don’t understand us, but they understand the language of institutions, when people like Sequoia, Softbank, Tiger are on a global scale Inside, these people are investing in us, which gives them a certain legitimacy,” Nailwal said. “Many of them will provide us with institutional thinking space that we don’t get as a non-Silicon Valley company. It’s not just about the money.”

Complete News Source : The Economic Times

Advertisement
Related Topics:
Continue Reading

YouTube

YouTube marks 20th anniversary by launching new useful features What’s new

Published

3 weeks ago

on

April 24, 2025

By

YouTube marks 20th anniversary by launching new useful features What’s new

YouTube has celebrated its 20th anniversary with several new features, including functional upgrades and new features for YouTube TV. The platform has introduced personalised radio stations via Ask Music, which is available to YouTube Premium and YouTube Music users on both iOS and Android devices. Additionally, YouTube is rolling out the ability to fast-forward.

YouTube TV members will gain the ability to build their own multiview experiences, starting with a selection of non-sports content from a small group of popular channels. The platform is introducing improved navigation, better playback quality, and easier access to features such as comments, channel information, and more through videos at 4x speed, providing more.

Advertisement
  1. Delete Unnecessary Emails: Regularly clearing unwanted emails helps maintain storage. Open Gmail in your browser or mobile device, go to your Inbox, Social, or Spam folder, filter messages, select emails to delete or check the box to select all emails in the folder, and click the “Delete” button. The emails will be moved to the Trash folder Empty Your Spam and Trash Folders: If deleted emails remain in your Trash.
  2. Unsubscribe from Unwanted Emails: Open a promotional email and click “Unsubscribe” at the bottom of the email to reduce future accumulation April 2025 — YouTube, the world’s largest video-sharing platform, is celebrating its 20th anniversary with the launch of several innovative features aimed at enhancing user experience, empowering creators, and embracing the future of digital content.

  3. 1. AI-Powered Video Summaries
    One of the most anticipated features is AI-generated video summaries, which will now appear below eligible videos. This allows viewers to preview content quickly and decide whether to watch the full video. The summaries are automatically created using advanced natural language processing and are designed to boost discoverability and engagement.

  4. 2. “Jump Ahead” Smart Chapters
    YouTube is introducing smart chapters with “Jump Ahead” capabilities, allowing viewers to skip to the most engaging parts of videos based on audience retention data. The feature leverages machine learning to identify sections that retain viewers the most and gives users a prompt to “Jump Ahead” with a single tap.

  5. 3. Creator Insights Dashboard Upgrade
    For content creators, YouTube has upgraded its Creator Studio Dashboard with enhanced real-time analytics, audience mood tracking, and AI-suggested titles and tags. The platform’s algorithms now offer dynamic suggestions for improving performance, personalized for each creator’s channel and content style.

  6. 4. YouTube Create App Expansion
    Following positive feedback from beta users, YouTube is officially rolling out the YouTube Create app in over 30 new countries. This free mobile video editing tool includes features like auto-captions, royalty-free music, filters, and multi-clip editing — giving creators more control without the need for expensive software.

  7. 5. Enhanced Live Shopping Tools
    With e-commerce booming, YouTube is expanding its Live Shopping tools, allowing creators to tag mini-social network within the platform. These tools are products, integrate affiliate links, and host shoppable livestreams with real-time viewer interaction. The new update supports multi-vendor support, making collaborations with brands smoother and more profitable.

  8. 6. Smart TV Upgrades
    YouTube is giving its TV interface a refresh, introducing a sleeker design with quicker access to playlists, subscriptions, and smart recommendations. A new “Ambient Mode interactive content suggestions and previews when the app is idle, turning the TV into a dynamic home hub for entertainment.

  9. 7. Community Tab Enhancements
    To improve engagement, YouTube is enhancing its Community Tab with interactive stickers, polls, countdowns, and quizzes — turning it into a mini-social network within the platform. These tools are aimed at helping creators keep their audience involved even between video uploads.
  • Group Media Publication
  1. Construction, Infrastructure and Mining   
  2. General News Platforms – IHTLive.com
  3. Entertainment News Platforms – https://anyflix.in/

Continue Reading
Anyskill-ads

Facebook

Trending

en Englishhi हिन्दी
en English