SX Network Closed $9.5 Million Funding Round Led by Polygon and Hack VC

SX Network, the Layer 2 blockchain running on Polygon, has closed $9.5 million funding round led by Polygon and Hack VC, with participation from CMCC Global, Nascent, FJ Labs and Polygon co-founder Sandeep Nailwal. The funds raised will be used to further develop its prediction marketplace platform SX.bet (formerly SportX) and decentralized prediction marketplace governance. SX Network, the first blockchain built using Polygon Edge and a customizable framework for building private or public Ethereum-compatible blockchain networks, will launch in May.