Polygon has been waking waves recently.
From partnerships with Disney to Liverpool Football Club’s NFT collection, they have been growing at an astounding pace.
In their latest venture, Polygon has teamed up with Daimler South East Asia, a subsidiary of Mercedes-Benz Group, to announce a blockchain-based data sharing platform.
It will leverage the Ethereum Layer 2 scaling solution, allowing customers to trade insurance, information, and other forms of data.
Mercedes Benz @MercedesBenz is the latest brand to be #PoweredByPolygon
— Sandeep | Polygon 💜🔝3️⃣ (@sandeepnailwal) July 27, 2022
Onwards!https://t.co/41kXlEYavs
The data can be paid for in stablecoins, instead of Ethereum, and will use $MATIC, polygon’s native token, as gas fees.
Polygon’s Cambrian Explosion
This is just the latest in Polygon’s string of Web2 partnerships.
FC Barcelona just sold its "In A Way, Immortal" NFT for ~$700k.
— Mihailo Bjelic (@MihailoBjelic) July 30, 2022
Auctioned by @Sothebys, fully powered (minting, transferring) by @0xPolygon. 🦄💫
Excited to see more and more premium, high-value NFTs choosing Polygon's fast, affordable, green tech. 🔥https://t.co/p2KGOOzmJL
After raising $450M in a Sequoia-Capital led venture financing round, the foundation has been on a tear.
Despite the bear market, the team is working hard with seemingly every industry, with $MATIC standing at the centre of it all.
At the time of writing, $MATIC is trading at $0.86, up 19.4% in the week.
You can learn more about building on Polygon here.
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
Featured Image Credit: NFTHi
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