Polygon has set up $200M initiative with Alexis Ohanian.
Polygon set up a $100 million fund for NFT gaming in July.
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Alexis Ohanian and Polygon will invest $200M in decentralized social media

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Polygon and Alexis Ohanian’s Seven Seven Six will invest $200 million in social media projects that take advantage of blockchain technologies.

The partners will fund ideas at the intersection of social media and Web 3, exploring better ways for humans to connect online.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.