The colorful owner of the Dallas Mavericks, and the host of Shark Tank, Mark Cuban officially disclosed his support of Polygon (Matic), according to the information on his website. The Shark Tank host’s endorsements further cement the evidence that wealthy investors are still taking the opportunity to buy crypto and that this recent market crash represents an opportunity for them supposed to disaster.
Mark Cuban Companies, the billionaire’s own website, recently added Polygon to the investor’s portfolio, confirming the billionaire’s support of the project. This comes on the back of quite the year for the cryptocurrency as it has outperformed most of the coins on the market.
Mark Cuban is worth $4.4 billion dollars, and has investments in over a hundred companies, is one of the polarizing figures in the crypto market. Cuban is now one of the most prominent supporters of cryptocurrencies and has endorsed some of the major cryptocurrencies including Ethereum and Dogecoin.
Recently, when the CEO of Tesla, Elon Musk refused to accept Bitcoin payments for Tesla products due to environmental concerns, while on the other hand Cuban announced his NBA team the Dallas Mavericks will continue to accept Bitcoin payments alongside Dogecoin.
Previously known as Matic Network, Polygon is a well-structured and user-friendly platform launched in 2017. Polygon network was established for Ethereum scaling and infrastructure development, it was designed to make Ethereum transactions more efficient. Being a multi-chain network, Polygon aims to resolve the high fee structure of Ethereum transactions and reduce gas consumption for the digital asset, without sacrificing the security of the decentralized app.
It is not surprising that Mark Cuban would support Polygon since the network is rapidly growing this growing. Polygon’s user base skyrocketed by 75,000 in one week, according to the recent report by Cointelegraph. The high influx of users highlights the increasing demand for layer-2 solutions and generates $1 billion in volumes.
According to the billionaire’s statement, Cuban intends to help the network grow, and integrate Polygon into Lazy.com, allowing people to display NFTs.
