Private Equity Other Private Equity/Strategic Investments
Ethereum platform Polygon invests in NFT marketplace Colexion
Mumbai-based Polygon, a platform for Ethereum scaling and digital infrastructure development, has made an investment in Dubai-based Colexion, Asia's largest NFT (non-fungible token) marketplace. The investment is expected to help Polygon offer benefits such as theft and forge free trade experience, dashboards and tools for NFT exchanges, a platform that allows artists to interact with their fans and NFT traders, and a secure infrastructure.
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From the Venture Intelligence PE-VC Deal Database: In Apr-19, Polygon raised funding from Coinbase Ventures.