Polygon Closed $450 Million in Financing Led by Sequoia India

TokenInsight news, Polygon, an Ethereum scaling solution, announced the closing of a $450 million funding round led by Sequoia India, with participation from SoftBank, Alameda Research, Animoca Brands, Dragonfly Capital and others. The funds raised will be used to expand Polygon's developer ecosystem. Polygon aggressively expands its portfolio of Ethereum scaling solutions and works to attract the larger developer ecosystem. It is reported that Polygon plans to develop the identity space in the future.