Founded a year ago by Ilya Gelfenbeyn, Michael Ermolenko, and Kylan Gibbs – the company’s vision is to populate games with smarter computer-controlled characters so that players can have longer conversations with them and feel like the world is much more immersive.
Section 32 and Intel Capital led the round with participation from: Founders Fund, Accelerator Investments, First Spark Ventures, Kleiner Perkins, Bitkraft Ventures, CRV, Microsoft’s M12 fund, Micron Ventures, LG Technology Ventures, SK Telecom Venture Capital, and The Venture Reality Fund.
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain.
Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The $MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
