Posts tagged Polygon / Matic
The State of Decentralized network M&A in 2021, with Polygon's $650MM of acquisitions
The State of Decentralized network M&A in 2021, with Polygon's $650MM of acquisitions

We look at the state of M&A in decentralized protocols, and the particular challenges and opportunities they present. Our analysis starts with Polygon, which has just spent $400 million on Mir, after committing $250 million to Hermez Network, in order to build out privacy and scalability technology. We then revisit several examples of acquisitions and mergers of various networks and business models, highlighting the strange problems that arise in combining corporations with tokens. We end with a few examples that seem more authentic, highlighting how they echo familiar legal rights, like tag alongs and drag alongs, from corporate law.

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IPO / SPAC, decentralized finance, DAOs, digital investingLex SokolinPolygon / Matic, Hermez Network, Mir Protocol, NuCypher, Keep Network, Coinbase, BRD, Voyager, ETHOS, Yearn, Cream, Pickle, Akropolis, Gnosis, xDai
Scaling Web3 with the $10B+ Polygon protocol, with COO Sandeep Nailwal
Scaling Web3 with the $10B+ Polygon protocol, with COO Sandeep Nailwal

In this conversation, we chat with Sandeep Nailwal – The Co-Founder & COO at Polygon (previously Matic Network). Sandeep is a long time developer who’s been dabbling in the space since way back in his college days. Originally known as the Matic Network, Polygon rebranded with the aim to reach a global audience and they’ve certainly done just that.

More specifically, we touch on Sandeep’s intriguing entrepreneurial journey, developing a blockchain startup in India, DApps, Scalability & Interoperability of Layer1 and Layer2 blockchain solutions, Zero-knowledge Rollups, NFTs & Gaming, and so much more!

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crypto, DAOs, enterprise blockchain, open source, metaverseLex SokolinPolygon / Matic, Ethereum, India, Flipkart, Cosmos
Marqeta's $300MM of revenue & Ethereum's $20B in ann. transaction fees highlight opportunity and industry structure
Marqeta's $300MM of revenue & Ethereum's $20B in ann. transaction fees highlight opportunity and industry structure

This week, we cover these ideas:

  • How market structure determines the types of companies and projects that succeed

  • A walk through Marqeta’s economics and business model, and how Square’s Cash App and DoorDash were needed for success

  • The emerging $10B transaction revenue pool on Ethereum, MEV, and the changes to mining and gas

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decentralized finance, paytech, monetization / commercial, entrepreneurship, IPO / SPAC, exchanges / cap mktsLex SokolinMarqeta, Square, DoorDash, Ethereum, MEV, Klarna, Flashbots, Polygon / Matic
The Federal Reserve Payment Processor, its $100B of revenue, and whether blockchains and L2s can match the value it settles
The Federal Reserve Payment Processor, its $100B of revenue, and whether blockchains and L2s can match the value it settles

Let’s do some math homework. It’s good for you:

  • The Federal Reserve money movement system broke for several hours. We look deeply into its volumes and transactions, and value it like a Fintech unicorn.

  • The Ethereum ecosystem is throwing around as much volume in settlement as the Fed check processing system. We explore scalability barriers and solutions.

  • Can eCommerce fit into our emerging infrastructure? We anchor to the market numbers in China and the United States.

Things break.

Sometimes the things that break are the US Federal Reserve ACH service, Check 21, FedCash, Fedwire, and the national settlement service. They were down for a few hours — discovered at 11AM on Feb 24th and still in trouble at 3PM that day. Everything is now up and running again.

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paytech, crypto, eCommerceLex SokolinFederal Reserve, Ethereum, Bitcoin, Fedwire, ACH, Loopring, Optimism, Polygon / Matic, Skale, xDai, OMG