Horizon Blockchain Games

-68%

est. 2Y upside i

DevOps & InfraSeries A

Horizon, acquired by Polygon Labs, is the maker of Sequence and Skyweaver, a trading card game with blockchain mechanics for persistent ownership of digital goods.

Rank

#1302

Sector

Web3 Gaming, Blockchain Infrastructure

Est. Liquidity

~3Y

Data Quality

Data: Medium

Horizon Blockchain Games (now Sequence) was acquired by Polygon Labs in January 2026 as part of a deal exceeding $250M for two companies.

Last updated: March 10, 2026

Bull (25%)+300%

Polygon Labs successfully executes its 'Open Money Stack' strategy, leveraging Sequence's infrastructure to become a dominant player in regulated stablecoin payments and cross-chain solutions. Strong network effects and enterprise adoption drive Polygon's valuation to $30B+ within two years, representing a 4x return on the estimated current valuation.

Base (30%)+100%

Polygon Labs continues to grow its ecosystem and stablecoin adoption at a solid pace, effectively integrating Sequence's technology. It maintains a strong position in the L2 and Web3 infrastructure space despite intense competition. Valuation grows to $15B, doubling the estimated current valuation.

Bear (45%)-70%

Significant regulatory headwinds or intense competition from other L2s and traditional payment giants hinder Polygon Labs' growth. Integration challenges with Sequence or Coinme emerge, or overall crypto market sentiment declines. Valuation drops to $2.25B, representing a 70% decrease from the estimated current valuation, significantly impacting common equity.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Polygon Labs has raised $451M in total funding. Assuming an estimated current valuation of $7.5B, the investor preference stack is approximately 6.01% ($451M / $7.5B).

Dilution Risk

moderate

As a Series B company, Polygon Labs is likely to pursue additional funding rounds, which could lead to further dilution for common shareholders.

Secondary Liquidity

limited

For a private company like Polygon Labs, secondary liquidity for common stock is typically limited or non-existent, with potential for tender offers or a future IPO.

Other — 1 role

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Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Horizon Blockchain Games's data — designed to show you've done your homework.

1
“Given the acquisition of Sequence and Coinme, how is Polygon Labs thinking about integrating these technologies to achieve the vision for the 'Open Money Stack' and compete with established payment giants like Stripe?”
2
“Polygon's daily transactions and stablecoin supply show strong growth. What are the key metrics and milestones Polygon Labs is focused on to demonstrate continued traction and market leadership over the next 12-24 months?”
3
“With Polygon Labs being a Series B company that has made significant acquisitions, how does the company communicate its long-term liquidity strategy for employees, and what are the typical vesting and equity refresh policies?”

Community

Valuation Sentiment

Our model estimates -68% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.