The Polygon network is now lit like Christmas lights following a number of positive MATIC news that involve some of the biggest names in social media and finance industry. For starters, Instagram users will soon have the ability to mint, showcase and even sell non-fungible token (NFT) collectibles through the blockchain network. Two days ago, Meta, the owner of the social media platform, announced it will soon test said functionality to a small number of creators in U.S. before expanding to other countries. Meanwhile, financial services global leader JPMorgan Chase successfully executed its first ever live trade on blockchain in line with the Monetary Authority of Singapore (MAS) Project Guardian. The iconic financial institution took advantage of Polygon network’s cheap transaction fees to issue and trade tokenized assets in its first attempt in exploring the Decentralized Finance (DeFi) banking sector. Related Reading: SushiSwap Suffers Monthly Drop In TVL – How Will SUSHI Perform This November? Polygon Responds Accordingly MATIC, the native cryptocurrency of the blockchain system witnessed an unprecedented rally following the above-mentioned developments, going up by almost 30% over the last seven days. According to tracking from Coingecko, the altcoin is changing hands at $1.21 at press time and has increased by more than 8% for the past 24 hours. On its biweekly and monthly charts, the Polygon owned digital currency has g...
$285 Million in Bitcoin Shorts Wiped Out
