Polygon (MATIC) was co-founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and later joined by Mihailo Bjelic. Together, they launched the project in 2017, originally under the name Matic Network. The team owns a portion of the token supply, though exact individual ownership percentages are not publicly disclosed in precise figures.
Jaynti Kanani and Sandeep Nailwal have been central figures in the company's development, with Kanani recently stepping away from daily operations while maintaining involvement in the project's direction. Polygon has also attracted notable investors like Mark Cuban, who has publicly backed the platform.
As of now, the co-founders still play a significant role in the governance and development of Polygon. However, how much each one specifically owns of MATIC tokens remains undisclosed, with estimates suggesting that major founders often retain a substantial but minority stake, considering the large-scale public token distribution and external investments
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By the end of 2024, Polygon (MATIC) is expected to experience steady growth, with forecasts suggesting a price range between $1.29 and $1.83. This would represent a solid return on investment of around 57% for the year. Some sources indicate that prices might rise higher towards $1.5 to $1.8 by December 2024, depending on market sentiment and external factors like the overall cryptocurrency market performance
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The coin's performance is expected to be driven by developments in its Layer-2 technology, partnerships, and market conditions. However, as with all cryptocurrency investments, volatility remains a key factor, and prices could fluctuate widely throughout the year.