Sportswear giant Nike and its new Web3 coin partner are breaking records. Despite the recession in the market, prices rose over 3% after the news.
Nike announces integration with this Web3 coin
The global sportswear brand has started a new collaboration with Polygon (MATIC) to work in the Web3 space. Shortly after the announcement, the number of addresses on Polygon reached 190.95 million, surpassing the previous record. Nike, a major player in the American sports world, prefers the Polygon mesh for its NFTs. The new NFT collection was the source of Polygon’s achievement of such an important milestone. The new platform, called “.Swoosh”, has brought Polygon’s address count to the top:
Meanwhile, its collaboration with Nike isn’t the only significant news for Polygon. During the year, the altcoin project announced partners with Disney, JPMorgan, Reddit, and then Meta-Instagram. Considering all this. Numerous catalysts are emerging that fuel the MATIC rally. MATIC price is also considering these news to rise 3% amid the stagnant market.
cryptocoin.comWe have quoted the Disney and Polygon partnership in this article.
What the data says about the current state of Polygon (MATIC)
As a Blockchain, it has to be said that Polygon has been consistently attracting new users. The number of addresses in the network has developed continuously, independent of market conditions. On the other hand, other metrics typically expected given the current state of its market were more stagnant.
Among all smart contract platforms, Polygon has the third highest monthly commission collection rate according to CryptoRank. Its monthly revenue over the last 30 days was $3.4 million, up 218% from the prior comparable time. With valuations of $24 million and $114 million respectively, BNB Chain and Ethereum are currently the only projects Polygon is ahead of.
Finally, when MATIC saw its biggest trading volume since February 2021 a week ago, major investors had to consider the key partnerships and announcements surrounding Polygon.
MATIC maintains its position among the top 10 altcoins
Polygon’s momentum began with the company’s partnership with Meta Platform, which will use Polygon in print, display and sale. Later, JPMorgan accelerated growth by executing the first decentralized finance transaction with MATIC. MATIC then gained almost 30% amid the stagnant market.
Now, according to Polygon’s official Twitter account, the company is gearing up for a tour in India to meet the next generation of innovators. Polygon plans to meet entrepreneurs, creators and developers from all corners of the country through seven Guild events. The company will also reach 50 university campuses across the country.
