Polygon Price Prediction: Where Will Instagram Take MATIC Crypto? | Tech Reddy

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Polygon (MATIC-USD) Price predictions were a hot topic on Thursday thanks to Meta (NASDAQ:META) Instagram reaches out to the blockchain for non-fungible token (NFT) support.

With this platform, users on Instagram can mine and sell NFTs using the MATIC blockchain. The addition of this feature is necessary because Meta, formerly Facebook, has been pushing hard for Web3 functionality.

Stephane Kasriel, Head of Marketing, FinTech & Web3 at Meta, said the following in a Tweet thread.

“These features have one goal: to help producers make a living. The Blockchain has a place in this because it enables new business models for creators that allow them to better manage their work and audience, and how to finance it. But for this technology to increase economic opportunity for producers, it needs to be easier to use. By introducing NFTs on Instagram, we hope to achieve this and facilitate new types of relationships between billions of people and their favorite creators.

Check out what experts think this will affect MATIC prices next year below!

Polygon Price Forecast

• It starts with us Gov Capital and its one-year estimate of $3.0583362974245 for the brand.
• Mobile Phone Maker is behind our list as it holds a one-year notice of $0.0762 per MATIC.
• That’s the end of our conversation today DigitalCoinPrice and its price forecast for Polygon of $1.56 for 2023.

Most of these price predictions compare favorably to Polygon’s price of 95 cents at the time of writing. Crypto traders will also note that MATIC is up 10.6% over the previous 24-hour period as of Thursday evening.

Crypto traders looking for market news today are in luck!

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On the day of publication, William White did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are the opinions of the author, under InvestorPlace.com Publication Guidelines.