Polygon Is Up 10% As MATIC Integration Increases Through Meta And Robinhood Listings

ethereumworldnewsPublished on 2022-09-02Last updated on 2022-09-02

Abstract

Polygon is up 10% this week as new brands announced their integration with the MATIC crypto

Meta and Robinhood’s support for Polygon has helped the crypto to jump 10% in terms of pricing.

Ethereum layer 2 solution Polygon has jumped nearly 10% following its recent integration with leading platforms like Meta and cryptocurrency exchange Robinhood.

The crypto is up nearly 10.5% this past week and is currently sitting at $0.8952.

Robinhood Announces Polygon Integration

On September 1st, cryptocurrency exchange Robinhood announced that the platform is all set to integrate MATIC into its ecosystem. The firm further shared that the Robinhood users will be able to deposit and withdraw MATIC on the Polygon network.

“Hey! You can now send and receive MATIC on the Polygon network in addition to the Ethereum network.. Support for more cryptocurrencies on more networks coming soon” Robinhood tweeted

In addition to this, one of the leading NFT marketplaces OpenSea had also announced its support for Polygon via Seaport. The firm further tweeted that with the assistance of Seaport, the marketplace can add more features and listings on Polygon to boost network interaction.

With the Seaport-Polygon integration, OpenSea intends to introduce an array of new features and functionalities including offering elements like no listing thresholds, Multiple creator payouts, and bulk transfers.

At the time of writing, Polygon’s native token MATIC is trading at $0.8959, up 5.89% in the last 24 hours. Per the data from Coinmarketcap, Polygon’s trading volume has surged 44.81% in the last 24 hours followed by a notable 5.80% increase in its current market capitalization.

Another factor driving Polygon’s sudden price rally is its latest integration with Zuckerberg-backed Meta. In its recent bid to enhance the “interoperability” factor of the Metaverse, Meta has launched a cross-posting feature between Facebook and Instagram that the users can access via Polygon NFTs.

Polygon has also announced another collaboration with Metaverse platform “Carrieverse” to scale up “Carrie and friends” Metaverse adoption.

Per the official press release, Carrieverse is built for”Generation Z and Alpha, mirroring real-world social content, including games, education, and commerce. Users can build their own world and NFTs while enjoying the creative digital experience and content ownership.”

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