What does Polygon do?

Polygon Labs is a software development company founded in 2017, originally known as Matic Network. It specializes in open-source blockchain infrastructure designed to scale Ethereum. The company operates the Polygon blockchain, a proof-of-stake, Ethereum-compatible layer-2 platform that utilizes the POL token for transactions, staking, and validation. Polygon Labs focuses on high throughput, low fees, and interoperability across chains, offering solutions such as layer-2 networks, zero-knowledge rollups, and app-specific chains. Based in Mumbai, India, Polygon Labs has a remote-first and carbon-neutral approach, employing over 400 people across more than 40 countries. The company supports a vast ecosystem of over 10,000 decentralized applications (dApps) and has deployed more than 1 million smart contracts. Its core offerings include Ethereum layer-2 protocols, blockchain infrastructure for real-time payments, and enterprise tools for Web3 applications. Polygon Labs emphasizes community empowerment and advocates for innovation-friendly regulations in the blockchain space.