Bernstein Says Polygon Blockchain Is the Web3 King
2022/11/07 12:14
According to CoinDesk, the Polygon blockchain has emerged as the leading gateway for moving Web2 consumers to Web3, Bernstein said in a research report Friday. The system has been chosen by Starbucks (SBUX), NuBank, Reddit, Draftkings (DKNG), Robinhood (HOOD) and Meta/Instagram (META).
Polygon’s native cryptocurrency, MATIC, rallied 30% in two days last week after Meta said it would introduce a toolkit allowing Instagram users to mint and sell Polygon-powered non-fungible-tokens (NFTs).
The Polygon team has done two things right, the report said. It has aggressively hired talent from large global tech companies such as Amazon (AMZN), YouTube and Airbnb (ABNB), and it has used its “business development muscle” to reach out to consumer-heavy brands.
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