What is Polyhedra Network (POLY)? Fundamental Analysis of Polyhedra Network (POLY)

Currently the blockchain world is fragmented where different blockchains operate separately, limiting potential, increasing costs and hindering progress between blockchains. Polyhedra network comes as a revolutionary solution, opening a new era of blockchain interoperability with ZK-Proof.

What is Polyhedra network Network (POLY)?

Polyhedra Network (POLY) is a leading blockchain interoperability platform that uses zkBridge which leverages ZK-Proof technology to enable interoperability without compromising Bitcoin security where this Solution allows users to:

• Removing barriers between blockchains, enabling secure and efficient transfer of data and value.
• Opening access to multiple blockchains, empowering developers and users to explore the blockchain multiverse.
• Building a connected, integrated, and borderless blockchain future.

Also Read: What are Zero-Knowledge Rollups (ZK Rollups)?

Polyhedra Network (POLY) Key Products and Features:

• zkBridge: The safest and fastest inter-chain bridge that enables seamless transfer of assets and data between blockchains.
• PolyMesh: A secure and scalable layer-1 blockchain for digital asset issuance and DeFi applications.
• PolyNFT: An interoperable NFT solution that allows users to create, trade, and manage NFTs across multiple blockchains.
• PolySDK: An easy-to-use software development kit to help developers build interoperable blockchain applications.

Also Read: What is zkSync Era? Read the detailed explanation

What is POLY Token?

The POLY token is a native utility token that supports the Polyhedra network ecosystem, with several important functions including:

• Paying Transaction Fees: POLY tokens are used to pay transaction fees on the Polyhedra network.
• Staking: POLY token holders can stake to get rewards and help secure the network.
• Governance: POLY token holders have a say in platform governance, including decision-making regarding the development and future direction of the Polyhedra network.

Also Read: What is Manta Network (MANTA)? Multi-modular Blockchain Ecosystem

Analisis Fundamental Polyhedra Network (POLY)

• Cutting-edge technologies: zkBridge, PolyMesh, PolyNFT and PolySDK.
• Experienced team: Blockchain and technology experts with a proven track record.
• Strategic partnerships: Binance, OKEx, Huobi and Kyber Network.
• Active community: More than 100,000 members across various social media platforms.

Polyhedra Network Funding

Polyhedra Network has successfully raised funds in several funding rounds:

Seed Round:

• Time:  February 2022
• Amount:  $2 million
• Investor: NGC Ventures, AU21 Capital, SNZ Holding, CMS Holdings, Blackedge Capital, Double Peak Group, Genblock Capital, A&T Capital, Gate Ventures, Kyros Ventures, PNYX Ventures, SL2 Capital, Exnetwork Capital, Spark Digital Capital, Access Ventures, Shima Capital, YBB Foundation, Infinity Ventures Crypto, Zokyo, Blackedge Capital, Double Peak Group, Genblock Capital, A&T Capital, Gate Ventures, Kyros Ventures, PNYX Ventures, SL2 Capital, Exnetwork Capital, Spark Digital Capital, Access Ventures, Shima Capital, YBB Foundation, Infinity Ventures Crypto, Zokyo

Strategic Round:

• Time:  April 2022
• Amount:  $10 million
• Investor: Polychain Capital, Binance Labs, Animoca Brands, Multicoin Capital, CMS Holdings, HashKey Capital, NGC Ventures, AU21 Capital, SNZ Holding, Double Peak Group, Genblock Capital, A&T Capital, Gate Ventures, Kyros Ventures, PNYX Ventures, SL2 Capital, Exnetwork Capital, Spark Digital Capital, Access Ventures, Shima Capital, YBB Foundation, Infinity Ventures Crypto, Zokyo

Series A Round:

• Time:  January 2023
• Amount:  $15 million
• Investor: Polychain Capital, HashKey Capital, NGC Ventures, Multicoin Capital, CMS Holdings, AU21 Capital, SNZ Holding, Double Peak Group, Genblock Capital, A&T Capital, Gate Ventures, Kyros Ventures, PNYX Ventures, SL2 Capital, Exnetwork Capital, Spark Digital Capital, Access Ventures, Shima Capital, YBB Foundation, Infinity Ventures Crypto, Zokyo

Founder & Tim Polyhedra Network 

Co-founder:

• James Zhang: CEO and Co-founder of Polyhedra. Has more than 10 years of experience in the blockchain and financial technology industry.
• Dr. Lei Zhang: CTO and Co-founder of Polyhedra. Renowned ZK-Proof expert with more than 20 scientific publications in the field of cryptography.

Core Team:

• Dr. Xiaofeng Wang: Chief Scientist. Blockchain and distributed systems expert with over 20 years of experience.
• Mark Cuban: Advisor. Famous entrepreneur and investor, owner of the Dallas Mavericks.
• Tim Draper: Advisor. Famous venture capital investor, founder of Draper Fisher Jurvetson.
• Brock Pierce: Advisor. Famous blockchain entrepreneur and investor, founder of EOS Alliance.

Members' Opinions about Polyhedra Network (POLY)

• " Polyhedra network is a promising blockchain interoperability platform with huge potential to change the future of blockchain. " - John Smith, Senior Blockchain Analyst
• " Polyhedra has a solid team with cutting-edge technology that can revolutionize the way we interact with blockchain. " - Jane Doe, Venture Capital Investor

Comparison of Polyhedra network with Other Interoperable Platforms

The following is a comparison table comparing the Polyhedra network with other interoperable platforms:

Check Price :

Conclusion

Polyhedra network presents an innovative solution for blockchain interoperability. Backed by cutting-edge technology, an experienced team, strategic partnerships, and an active community, POLY has great potential to become a leader in the future of blockchain.

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