Recently, Polygon has been making waves.
They have been expanding at an astonishing rate, with collaborations with Disney and the NFT collection from Liverpool FC among others.
In its most recent project, Polygon partnered with Daimler South East Asia, a division of the Mercedes-Benz Group, to establish a platform for sharing data based on the blockchain.
Customers will be able to trade insurance, information, and other types of data given that it will use the Ethereum Layer 2 scaling solution.
Stablecoins, not just Ethereum, can be used to pay for the data, while $MATIC, the native token of Polygon, will be used for gas fees.
This is merely the most recent in Polygon’s line of Web2 alliances. The team is working hard with almost every industry, despite the bear market.
Currently, $MATIC is up 19.4% for the week and is trading at $0.86.