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Billionaire Investor Mark Cuban Officially Offered His Support To Ether-based Polygon

By Shannon Wilson | May 27, 2021
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The Ether-powered scaling solution Polygon has reportedly received the support of Billionaire Mark Cuban – a sign that high-profile investors are interested in the crypto asset market, regardless of the recent shake-up. 

Specifically, Polygon has reportedly made its appearance on the Mark Cuban Companies website recently, which further concretes the investor’s initiative to pour investment in the entity. 

Cuban is reportedly known as an individual with polarizing ideas about crypto in the past but is displaying signs of support for the sphere throughout last year. 

When Elon Musk disclosed his initiative to remove Bitcoin (BTC) from the list of viable payment options because of environment-related worries, Cuban shared that the virtual coin is still normally operational as a means of payment for his Dallas Mavericks. 

Cuban has reportedly also noticed the way crypto is starting to work as a reflection of real demands for their utility, claiming that the future of the sector is highly optimistic. 

“Having more TPS and lower gas fees is not enough. There must be a CURRENT network effect and significant user growth. This is a challenge for most L1s and L2s because [with] few exceptions, marketing in the crypto universe is beyond awful.” Cuban reportedly remarked. 

The initiative of lending support to Polygon did not come as a surprise, mainly because of the network’s fast increase in 2021. Polygon – previously referred to as Matic – reportedly functions as a multi-chain scaling tool, created with a goal to amp up the efficiency of Ether-enabled transactions. 

“I can give them feedback on marketing and we are in the process of integrating polygon into lazy.com which we think will be very beneficial to creating a platform to extend NFTs and personal galleries.” Cuban further disclosed, regarding the updates he would be able to offer Polygon.

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