New Delhi. You must have read a lot of stories of startups. But the story we are telling today is somewhat different from them. The story is of a person whose company’s market capitalization has recently reached more than $ 10 billion i.e. about 70 thousand crore rupees.
Jayant Kanani, the co-founder and CEO of Polygon, a country-made cryptocurrency protocol, had a difficult childhood. Kanani is the son of a diamond factory worker living on the outskirts of Ahmedabad in Gujarat. The Canaanites wanted to get a good job so that they could pay off their father’s debt, but their fate was much more than that.
Initially it was very difficult for his firm to get investorsKanani told that in 2017 he used to work in Housing.com. He started Matic in late 2017 after seeing a heavy load on the Ethereum blockchain. He said that initially it was very difficult for his firm to get investors as he was not from any major engineering institute. However, he did not give up and that is why he is no longer short of funding.
Even though it was difficult to pay school fees, still got an engineering degree.
He said that due to low income of his father, he also found it difficult to pay school fees. He took an engineering degree after facing difficulties. After this, after working in many companies, he has now seen such success with his firm which he had never imagined.
Firm aims to provide quick and affordable transactions on blockchain
The company was started by Kanani, Sandeep Nelwal and Anurag Arjun in 2017 as Matic Network. He was later associated with Serbian engineer Mihalio Jelic as co-founder. This firm came into the limelight recently when the investment of billionaire Mark Cuban was announced in it. Earlier, Polygon had received funding from angel investor Balaji Srinivasan. The firm aims to provide quick and affordable transactions on the Ethereum blockchain.
Firm’s product as per market requirement
Canaanese talks with the company’s founders about the plans for Polygon and investments in Cuban. Canani said that Cuban was its user before investing in the firm. So we asked him if he would like to invest in it and he agreed. Nelwal said that some NFTs have been created using dapps built on Polygon. This shows that the product of the firm is as per the requirement of the market.