a.i & blockchain

a $450 million investment in the polygon blockchain led by sequoia makes a big bet on web3

Sequoia capital india has made a $450 million investment in polygon, a blockchain network that uses the ethereum support layer. polygon aspires to be the amazon web services of the future, with a decentralized version of its infrastructure.” web3 is an abbreviation for world wide web 3 “the use of cryptography is a component of this effort. investors such as andreessen horowitz and tiger global, two of the most well-known names in venture capital, have been attracted to the web3 phenomenon by the hype around it.

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