Polygon rounds off an active week with this developing hope
Polygon is back again in the heat of the mix. The network started in August with a new raft of developments. The updates look to have affected MATIC’s price over the week.
The token noted a 7.5% surge over the week at $0.92 according to CoinMarketCap. Polygon’s MATIC has responded to the improving market conditions in recent days with its uptrend movement.
The network has released new updates with a host of established companies this week. Firstly, Acentrik, a decentralized data marketplace developed by Mercedes Benz has been deployed on Polygon mainnet.
Acentrik ensures transactions on Polygon are performed with significantly low gas fees. Using Ocean Protocol technology. It facilitates data sharing and monetization for enterprises across domains.
Coinbase has enabled the ability to trade EETH, MATIC, and USDC on Polygon this week. This will reduce the time, effort, and high fees by letting customers convert fiat to crypto for funding their Polygon wallets.
Moreover, wallet service Trust Wallet has announced a deal with Meta to support Ethereum and Polygon NFTs on Instagram.
This step will be a major boost for Polygon-based NFT collections to prosper in.
On the 30-day chart, Polygon is ranked eighth among blockchains by sales volume. This new venue could quickly spur things in Polygon’s favor.
Another high-profile partnership saw Coca-Cola release its collectibles on Polygon to celebrate International Friendship Day.
These collectibles are disrobed as “first-of-a-kind, generative and shareable.”
The collectibles have a unique share-to-reveal functionality where each artwork will reveal after being shared with a friend.
<p lang=«en» dir=«ltr» xml:lang=«en»>Experience the real magic of friendship!@cocacola just launched Read more on ambcrypto.com
