“We are still in the early days of internet 3.0, and also the most blatant opportunities right now are in gaming and social,” said Ohanian.
On Friday, plane figure and Alexis Ohanian’s capital firm, Seven Seven Six, proclaimed a $200 million initiative backing comes operational at the intersection of social media and net 3.0. The initiative can focus on vice applications and social media platforms designed on Polygon’s infrastructure.
Ohanian co-founded Reddit in 2005, left in 2010 and came as government chairman in 2014 to guide a turnaround before resigning in 2020. He has been a seed capitalist in many distinguished tech and blockchain companies like Coinbase, Instacart, Sky song thrush — the developer of Axie time — and Patreon.
As an Ethereum scaling resolution, Polygon’s system has expanded speedily this year, with over 3,000 localised applications designed on its network. Earlier this month, plane figure proclaimed it had been dedicating up to 250 million MATIC tokens, valued at $627.5 million at the time, to develop zero-knowledge technologies meant for complicated localised finance applications. Protocol launches and cross-chain migrations are the largest drivers of its token worth growth for abundant of this year.
( Zhiyuan Sun Cointelegraph, 2021)