Announcing our funding round
Coinbase Ventures is backing Matic
We are pleased to announce Coinbase Ventures as our investor in our seed round. This investment is aligned with our goals to achieve adoption through better usability alongside scalability and will help us realize our vision to achieve scale for decentralized applications.
Coinbase is one of the best and most trusted exchange platform for crypto in the world. We are proud to have Coinbase Ventures supporting us in our journey!
When one thinks about crypto adoption for real world use cases, usability and stability are extremely crucial aspects. We have been exploring different ways to achieve to deal with these.
For usability, Coinbase Wallet fits perfectly with our goal alongside Matic Wallet. Coinbase wallet will help Matic’s decentralized-app interact with Matic Network easily and securely. It will help users move their assets from Ethereum to Matic. Once the user’s assets are on Matic, they will be able to transfer and trade them on Coinbase Wallet instantly. Users can use DApps built on Matic directly on Coinbase Wallet’s browser or can use WalletConnect to access them through Matic Wallet.
In order to address volatility, Matic will integrate USD Coin (USDC) alongside other stablecoins like DAI to provide stable payment rails on top of Matic Network. You can read more about USDC here: https://www.coinbase.com/usdc
These integrations will make Matic a dominant platform for the masses and make DApps ubiquitous.
We have big plans.