Ethereum scaling platform at layer two Earlier this year, Polygon completed its first significant fundraising round, raising USD 450 million. Sandeep Nailwal, the protocol’s co-founder, is now announcing the formation of Symbolic Capital, a venture capital firm created by and for web3 creators.

According to Nailwal, Symbolic intends to support businesses that are primarily creating consumer-facing decentralized apps (dApps), a move that appears to be in line with Polygon’s own objective to hasten the creation of web3 apps.

The company claims that the platform would compile and analyze information on GitHub contributions, Discord participation, token performance, and hiring and employment patterns.

Read More: Polygon Founder Raises USD 50M for Emerging Markets-Focused Web3 Venture