THELOGICALINDIAN - The aggregation abaft Polygon the agreement committed to commutual blockchain networks like Ethereum and Alexis Ohanians Seven Seven Six adventure basic aggregation accept appear a 200 actor advance armamentarium in blockchainbased amusing media projects According to the advertisement the ally mission is to attack to arch blockchain Web3 technology and amusing media together
Polygon and Alexis Ohanian’s Seven Seven Six Launch $200 Million Fund Dedicated to Web3, Blockchain, and Social Media
Polygon and Alexis Ohanian’s close Seven Seven Six plan to bolster Web3 technology with amusing media via blockchain affinity with an advance of $200 million, according to the Polygon team’s best contempo blog post. Polygon is best accepted for its ascent enhancements with the open-source blockchain arrangement Ethereum and its built-in badge alleged MATIC. Alexis Ohanian is able-bodied accepted for co-founding the amusing media and account accession web aperture Reddit with Steve Huffman and Aaron Swartz. Ohanian’s adventure basic aggregation Seven Seven Six is a software-enabling adventure close founded in 2020.
“Polygon and Alexis Ohanian’s Seven Seven Six accept created a $200 actor action that will aback projects at the circle of amusing media and Web3, exploring bigger means for bodies to affix online,” the Polygon aggregation abundant on Friday. “The affective force abaft Web3 is that a bigger adaptation of the Internet is possible, one which empowers users over platforms. It is a acknowledgment to a all-knowing faculty that the accepted instantiation as represented by the amusing media giants has absent too far from the aboriginal Web’s open-source ideals.”
The Polygon aggregation added:
Alexis Ohanian: ‘Web3’s Most Obvious Opportunities Right Now Are Gaming and Social’
The advertisement to advance $200 actor into amusing media and blockchain platforms follows Polygon’s contempo acquistion of the Mir protocol. After ahead accepting the Hermez Network (now Polygon Hermez) for $250 actor in August, Polygon paid $400 actor for the Ethereum ascent startup Mir. Ohanian’s adventure firm, Seven Seven Six, has a cardinal of investments in blockchain and Web3 including Sky Mavis, Droneseed, Better Brand, and Stoke Space. Ohanian recently backed the NFT activity Heir co-founded by NBA fable Michael Jordan and his son Jeffrey Jordan.
“We are still in the aboriginal canicule of Web3 and the best accessible opportunities appropriate now are in gaming and social,” Ohanian said in a statement. “This action will do aloof that, with a focus on gaming backdrop and amusing media platforms congenital on Polygon’s scalable infrastructure. We’ve already apparent some of the best artefact founders in our portfolio alpha architecture on Polygon and I’m aflame for Seven Seven Six and Polygon to comedy a big role in abstraction what the new internet looks like,” the co-founder of Reddit concluded.
What do you anticipate about Polygon and Alexis Ohanian’s Seven Seven Six advance $200 actor into blockchain and Web3 technology tethered to amusing media platforms? Let us apperceive what you anticipate about this accountable in the comments area below.
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