The crypto market may be in limbo between a deep bear market and recovery, but that hasn’t stopped investors from deploying capital into the space.
“In a sense, bear markets are arguably good for the industry,” Shreyansh Singh, head of investments at Polygon, said to TechCrunch. “They allow platforms with a clear long-term vision and a sustainable model to continue building new solutions and help weed out projects that perhaps rely on the hype too much.”
Polygon is one of the better-known layer-2 blockchains building on Ethereum, with about 37,000 decentralized applications (dApps) launched on
Polygon’s head of investments remains ‘highly bullish on web3’
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