This is the story of a man who scripted a staggering rags-to-riches success. A man who was born and raised in the poverty-stricken city of Ahmedabad and eventually founded a world-class company with a valuation of over Rs 1 lakh crore in just 6 years.
Jayanti Kanani is a co-founder of Polygon, the first made-in-India cryptocurrency unicorn (Which is massive, by the way). Formerly known as Matic Network, Polygon provides a multichain scaling solution for Ethereum.
Polygon came into the broad limelight after the billionaire Mark Cuban, who is a star of the TV Show Shark Tank, announced his massive investment.
So, are you ready to dive into the brilliance of Jaynti Kanani and how he established a breakthrough extension in the crypto field?
Let’s start!
Early Life & Education Kanani was born in a small house in the margins of Ahmedabad, where his father used to work as a diamond factory worker.
His father often struggled to pay his education fees and had to depend on the loans, which later became a huge burden in Kanani’s career. But despite all the odds stacked against him, Kanani still managed to get an engineer’s degree in information technology.
And as soon as he graduated, he began working due to his family’s dire financial circumstances. His primary aim was to pay his father’s debt for his sister’s wedding.
Career and Polygon blockchain Right after his graduation, he founded his career in software development and worked as a data scientist at Housing.com, a real estate startup in India. Here he learned data science and gained experience as a backend engineer.
While working, Kanani discovered the potential of Bitcoin, worked as a freelancer, and also created a few apps for universal payment systems such as Game of Thrones Prediction Market. And in 2017, he co-founded Polygon.
The concept behind Polygon was to provide a layer-2 scaling solution for the Ethereum network and enable users to participate at a lower cost. In just four years after its actual foundation, Polygon achieved a staggering market valuation of $10 billion. 2021.
A Little More About His Crypto Journey After hearing about the idea of Polygon, Anurag Arjun and Sandeep Naihwal also joined a team and their dedication helped Polygon gain recognition in the crypto industry.
Their breakthrough came when in 2021, Mark Cuban, a US-based internet billionaire and a star of the TV Show Shark Tank, decided to get involved and invested a heavy chunk.
Polygon’s success continued to skyrocket in 2022 and made it into the top 20 cryptocurrencies in terms of market valuation.
Did you know?
According to the Proof-of-Stake (PoS) agreement, Polygon has an environmental benefit for Ethereum , it contributes to a 99% reduction in energy use.
Kanani’s future away from Polygon On October 4, 2023, Jaynti Kanani revealed his plans through a post on his X handle, stating that he “ decided to step back” “focusing on new adventures while still cheering and contributing to Polygon from the sidelines.” Polygon 2.0.
Bottom Line Jaynti Kanani’s journey from a diamond factory worker’s son to founder of a $10 billion crypto venture is an inspiration for all those who dare to dream big, His story encapsulates the power of talents and hardcore determination.
In the end, Jaynti’s pursuit of chasing his dreams has changed the lives of his loved ones while also inspiring others from the small parts of India.
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