Meta (formerly Facebook) is expanding in the crypto ecosystem, where they announced that Instagram will become a marketplace for non-fungible tokens (NFTs) and will have support for Polygon ( MATIC/USD).
Polygon is the Ethereum (ETH/USD) mining platform and infrastructure for development.
Featuring the Polygon SDK, a flexible, flexible framework, and powered by the MATIC brand, developers can create efficient spin chains, ZK spin chains, and stand-alone chains to maximize productivity. their standalone applications (dApps).
Instagram’s support for the Polygon NFT market is a catalyst for growth
In Polygon’s latest news, through a press release, Meta updated us on how Instagram is about to host a marketplace for non-fungible tokens (NFTs), starting with support for Polygon network (MATIC).
Features are live with a small group of developers in the United States and will expand to other countries sometime in the future.
Support went live for Phantom, a Solana (SOL/USD) fund, according to Meta. They also said that information about collections from OpenSea can be viewed directly on the site.
“The maker economy is predicted by some research to reach $100 billion. For the maker economy to reach this level of growth, it needs to be more collaborative and bring the new digital economy than modern internet,” said Stephane Kasriel, Meta’s fintech broker and Web3 leader in a blog post.
Should you buy Polygon (MATIC)?
As of November 3, 2022, the value of Polygon (MATIC) is $0.9598.
MATIC/USD Chart by Tradingview.
The highest price of Polygon (MATIC) cryptocurrency on December 27, 2021 was $2.92. Here we can see its ATH, the cryptocurrency traded $ 1.9602 higher than the value, or 204% higher.
When we go for 7-day activity, Polygon (MATIC) has a low of $0.841732, while its high is $0.963735. Here we can see that the value of the cryptocurrency increased by $0.122003, by 14%.
However, if we look at the 24-hour performance, the MATIC is the lowest point at $ 0.841403, while the highest is $ 0.977652. Here we see another increase of $0.136249, by 16%.
With this in mind, buying MATIC is a great choice, as it will reach $1.2 by the end of November 2022.