Polygon (Previously Matic Network) is a Layer 2 scaling solution that aims to provide a generalized Layer 2 platform, offering various Layer 2 approaches over Ethereum for developers to scale their DApps for large-scale usage.
Polygon had seen great success over the last year as more and more DeFi and DApps products have been migrated to Polygon network for scalability and usability. Polygon is backed by major names in the crypto industry like Coinbase, Binance, Ventures to name a few. Some of the well-known protocols that operate over polygon networks include Decentraland, MakerDao, Zebi, EasyFi, SportX, Polymarket, etc.
Infosys is an NYSE-listed global consulting and IT services company based out of India with more than 242,000 employees. From a capital of US $250, they have grown to become a US $12.78 billion (FY20 revenues) company with a market capitalization of approximately US $40 billion.
In their journey of over 38 years, Infosys has catalyzed some of the major changes that have led to India’s emergence as the global destination for software services talent. They pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ.
Infosys is one of the early validators of the Matic network, which is running a validator node on the Matic mainnet, thereby helping to ensure a secure and robust platform for the growing ecosystem of DApps. By joining Matic as a Dapp partner validator, Infosys is contributing a vital infrastructure to validate transactions on the network, thereby making the network more secure for the DApps.
We are extremely proud to have Infosys as a network validator. Infosys has been the pioneer of the Indian tech success story and has been an idol for millions of computer science professionals like me. We couldn’t be more thrilled to be working with the iconic institution to make an impact in the new decentralized world order.Sandeep Nailwal, COO & Co-founder – Matic Network
The backing of Polygon (Matic Network) by Infosys is a testament to the growing recognition by large enterprises of value in the blockchain revolution. There is much more news to come on the enterprise collaboration front.
Polygon (Matic Network)’s token MATIC has recently reached the $1 milestone on major crypto exchanges bringing more confidence to the ecosystem.