Mumbai: Polygon, a pioneering blockchain instrumental in onboarding millions to the Web3 ecosystem, recently announced Polygon Studios, with plans to commit $100 million to projects leading the transition to Web3.
FanAnywhere is the latest to join the portfolio that includes DeFine, blockchain-based gaming and nonfungible token (NFT) companies, such as Forte, among others.
The Polygon blockchain is backed by investments from seasoned industry stalwarts, including Mark Cuban, Kevin O’Leary, Sequoia Capital and many other high-profile investors. In addition, FanAnywhere is already in the process of appealing to the lucrative Indian market that is nascent and primed for NFT and blockchain adoption, including recent announcements of some big names in the entertainment industry launching their NFTs exclusively on FanAnywhere.
Varun Choudhary, CEO of FanAnywhere, said, “What a privilege and honor it is to join hands with Polygon Studios as a portfolio company. It will help FanAnywhere to accelerate the product development and open doors for broader adoption of our ecosystem.”
“Leveraging Polygon’s technology, FanAnywhere continues to lean into blockchain and NFTs, bringing fans closer to celebrities through rapidly growing Web3 and metaverse tech,” said Amit Kumar, Chief Technology Officer of FanAnywhere. “Through this, we’ll continue to double down the efforts on being the one-stop shop for celebrity and fan tokens.”
“Polygon is dedicated to supporting companies that usher in the future of Web3,” said Sandeep Nailwal, co-founder of Polygon. “FanAnywhere is one of the potentially strong projects based on celebrity NFTs and fan tokens in the blockchain space. We’re excited to support their development on Polygon.”
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