Indian software engineer and co-founder of Polygon, Sandeep Nailwal, has responded to claims of Polygon using its investment funds to pay for company acquisitions and bribe people to use the chain. Nailwal’s remarks directly reply to the co-founder of Helius, a Solana-based startup, Mert Mumtaz.

On Tuesday, Mert Mumtaz took to Twitter to point out that Polygon, which has total investments to the tune of $451.5M, has received 130M+ more funds than Solana, with $315.8M in total investments. Mumtaz further alleged that Polygon is using these funds to “pay people to use the chain and acquire companies” while Solana is putting its funds into developing the ecosystem, evidenced by the thousands of nodes on the network.

According to Mumtaz, he does not wish to launch a direct attack on Polygon but seeks to educate people on the “facts” to keep in mind when the community starts getting jealous of brand partnerships. Polygon is renowned for its numerous brand partnerships over the years, as several top entities look to the L2 chain for blockchain solutions. The Crypto Basic highlighted some of these partnerships in a report last month.

(By Albert Brown)