- Polygon rose 10% this week as new brand announced with MATIC Crypto
- Meta and Robinhood support for Polygon helped crypto jump 10% in terms of pricing.
Ethereum’s layer 2 solution, Polygon, rose nearly 10% after its recent integration with leading platforms such as Meta and cryptocurrency exchange Robinhood.
The cryptocurrency has gained nearly 10.5% over the past week and is currently at $0.8952.
Robinhood Announces Polygon Integration
September 1 Today, cryptocurrency exchange Robinhood announced that the platform is ready to integrate MATIC into its ecosystem. The company further shared that Robinhood users will be able to access MATIC on the Polygon network.
“Hey! You can now send and receive MATIC on the Polygon network in addition to the Ethereum network. More crypto support on more networks coming soon Currency” Robinhood tweeted
Hey! In addition to the @ethereum network, you can now send and receive MATIC on the @0xPolygon network. More cryptocurrencies will be supported on more networks soon.
— Robinhood (@RobinhoodApp) August 31, 2022
In addition to this, there is a leading NFT Marketplace OpenSea also announced support for Polygon via Seaport. The company further tweeted that with the help of Seaport, marketplaces can add more features and listings to Polygon to facilitate online interactions.
Through the Seaport-Polygon integration, OpenSea intends to introduce a range of new features and capabilities, including offering elements such as no listing barriers, multi-creator payments, and bulk transfers.
At the time of writing, Polygon’s native token MATIC is trading at $0.8959, up 5.89% over the past 24 hours. According to Coinmarketcap, Polygon’s trading volume has surged by 44.81% in the past 24 hours, followed by a notable 5.80% increase in its current market cap.
Another factor driving the sudden increase in Polygon’s price is its latest integration with Zuckerberg-backed Meta. To enhance the “interoperability” factor of the Metaverse, Meta recently introduced a cross-posting feature between Facebook and Instagram, which users can access via Polygon NFT.
Polygon has also announced another collaboration with the Metaverse platform “Carrieverse” to expand the adoption of “Carrie and Friends” Metaverse. According to the official press release, the Carrieverse exclusively Built for “Gen Z and Alpha,” reflecting real-world social content, including gaming, education, and business. Users can build their own worlds and NFTs while enjoying creative digital experiences and content ownership. ”
