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Fortune
Fortune
Jeff Benson

Polygon's race to become Ethereum's top sidechain

Polygon's logo (Credit: Courtesy of Polygon)

It’s been a brutal 12 months for crypto, with prices plummeting, companies collapsing, and one-time industry leaders heading to prison. But amid the negative noise, blockchain firm Polygon has quietly thrived and persuaded some of the biggest names in business to take up its technology.

Those include Mastercard, which is using Polygon to help fledgling music artists mint their own NFTs, and Starbucks, which is running a rewards program on the platform. The company also cut partnership deals with Meta, Disney, and the NFL. Meanwhile over 6 million Redditors have used Polygon to create custom blockchain avatars.

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