@Polygon - Scaling Ethereum for the Masses
Evolution from Matic Network
Polygon, initially known as Matic Network, has evolved into a comprehensive multi-chain scaling solution for Ethereum. Launched in 2017, Polygon aims to address Ethereum’s scalability issues by providing faster and more cost-effective transaction processing. The platform utilizes a proof-of-stake consensus mechanism and supports various decentralized applications, including DeFi, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). 
Strategic Partnerships
Polygon has formed strategic alliances with major corporations and institutions to expand its ecosystem:
- Google Cloud: In April 2023, Polygon partnered with Google Cloud to accelerate the adoption of Web3 technologies and enhance the development of decentralized applications.
- Jio Platforms: In January 2025, Jio Platforms collaborated with Polygon Labs to integrate Web3 capabilities into its existing applications and services, aiming to bring blockchain technology to a broader audience.
- Disney: Polygon participated in Disney’s 2022 acceleration program, focusing on augmented reality, NFTs, and AI, to explore new avenues in entertainment and technology.
Recent Leadership Changes
In June 2025, Polygon co-founder Sandeep Nailwal was appointed as the CEO of the Polygon Foundation, which encompasses Polygon Labs. This leadership change is part of a company-wide restructuring initiative aimed at streamlining operations and aligning strategic goals.