Polygon(Matic) Has Incredible Potential That You Must Not Miss
YouTube Crushed | Web3 is Not a Technology | King Ruler | Traffic
Since the beginning of the year, the price of Matic has increased by more than 70%. It is among the top ten in terms of crypto performance thus far, outperforming both bitcoin and Ethereum.
Nobody believed in Matic two years ago. Many people believed that the scalability issue would be resolved as soon as Ethereum adopted sharding. Following this, all layer 2 systems will fail. However, many people’s opinions are changing since everyone is shocked by Matic’s growth.
Matic is now the most widely used network in Ethereum’s Layer 2 solution. They are working on both Sidechain and Plasma chains, and they are also working on zkEVM (zero-knowledge). This is not a project that has been started once and then abandoned. From every angle, it is developing quickly.
One problem is that they own the public key for each of your Polygon (Matic) addresses.
The launch of Ethereum’s sharding system is still a ways off, but Matic is using the opportunity to solidify market dominance. Polygon Blockchain has been picked by 8 out of 10 projects, and projects are being built on it. Gas fees are high in Ethereum but relatively low in Polygon, which is boosting Matic to new heights. Because there are less fees in each new project, it is easier to bring public traffic and there is no financial barrier of using it, which is why new projects choose polygons.
When Ethereum’s sharding system enters, its hype will be seen in the next bull run. Many analysts anticipate that the layer 2 ecosystem will expand significantly during the upcoming bull run. This will allow you to make a lot of money in the market.
On the smart contract platform, we can clearly see how many Dapps are being developed on their blockchain. The development factor is also highly crucial for the token’s price. These factors determine how much the token’s price will rise.
On Instagram, you will mint NFTs, sell NFT collections, and design them as an exhibition in the page.
The NFTs feature on Instagram will be available in May, but only in the United States at first. The NFT feature will be released in all nations after extensive testing and improvement. META promotes the future, which is a fictional universe similar to the Metaverse. It is making all these preparations in an effort to inform people in advance. Social media is being transformed into social capital in order for society to accept the coming change.
Instagram will be used in a similar manner as other NFT projects where a wallet connection is required, any creator can keep digital assets, and network fees will not be charged.
META chose Polygon since Web3 is their primary focus. In short, Polygon is like a powerhouse that connects thousands of decentralised apps.
JP Morgan, a big international bank, used Polygon for their OnChain work. The Defi system was used for the first time by this bank. JP Morgan intends to adopt DeFi in the wholesale finance sector.
Starbucks
Starbucks has collaborated with Polygon. Starbucks has almost 250 million consumers worldwide.
Starbucks has collaborated with Polygon to develop the Starbucks Odyssey, a Web3-powered experience that serves as an extension of the company’s Starbucks Rewards loyalty programme. The programme provides members with special advantages and experiences by allowing them to participate in interactive “Journeys.” Members receive valuable Journey Stamps (NFTs) and Odyssey Points after completing a Journey, which unlocks access to unique coffee experiences. Starbucks Odyssey beta is currently available, with just a small number of waitlist members eligible to join.
Polygon also collaborated with Chainlink, Coinbase Custody, and Aave.
Polygon has now become a portal for all businesses to access Web3.
Dapps
Polygon has been used to build over 470 Dapps. This figure is expected to rise even further this year. On Polygon, several projects are ready to be developed. The next level depends on this project, thus there is no need to be concerned about the price of the MATIC token rising in the future.
Why Genius Man is Joining!
Mark Cuban, an American billionaire entrepreneur, believes in Polygon. YouTube’s gaming head Ryan Wyatt left YouTube to join Polygon’s team, and he is now the CEO of Polygon Studios. Instagram, Starbucks, they all have a lot of money and can create anything, but they selected Polygon as a partner.
When VCs arrive to offer 10 games, eight out of ten game projects state they are being developed on Polygon. People are not doing projects on lightspeed ventures, usv ventures, and Andreessen Horowitz Ventures, on which the whole world has invested; instead, they are making projects on polygons.
Web3 is not a technology; it is a method of changing the principles of human life. Let me explain this with an example.
King Ruler
The king used to rule and govern the state according to his rules in ancient times. You were living in your lovely house in the kingdom at the time, and when the king came to you, he would tell you, “Get out of this house, now this is my house,” even though that house was yours. If you do not give him the house, he will destroy the entire family. The king’s thoughts were like this.
Property rights are now protected, and a constitution is in force. As a result, everything has become an institution. Government has become an institution run by certain individuals, just as banks have become an institution run by some people. In all of these cases, the person who obtains power becomes corrupt. Now, everything we use to process business is online. Social media is also a factor in all of this. Web3 is one such item that is attempting to equalize all of these things.
Web3 is trying to equalize numerous digital use cases such as gaming, social networking, banking, and it is possible that E-commerce will be included. Web3’s goal is to empower business while serving the community.
YouTube
Assume you worked on YouTube for 5 years and accumulated 1 million subscribers. You make $10,000 each month working full-time on YouTube. Now, in a video, you suddenly spoke offensive words about any government official. As soon as this happened, YouTube banned you for only one video. It happened in such a way that the king unexpectedly arrived to your residence and kicked you out. Everything you own is gone in an instant.
You put in a lot of effort on YouTube, but you don’t have the authority to decide how much money you should get. You also contribute to the growth of YouTube with your videos, so what is your stake in YouTube? What Web3 attempts to achieve for content creators is difficult to imagine.
With the coming of Web3, YouTube’s existing actions of removing you will be considered useless. I’m not criticising YouTube; rather, I’m informing you that the future holds many possibilities, one of which is that you will be able to tell YouTube that I will delete you ( YouTube) tomorrow.
Web3 Concept
Many people did not understand the web3 concept. The web3 idea is designed to solve problems in a decentralized manner. Web3 represents a decentralized movement in which users have a stake in the platform and the community functions as co-owners of the company.
With Web3 and Polygon, the internet is shifting towards a future where power is returned to the users, giving them more control and ownership over their online experiences.
Polygon is being used to plan all of this. Polygon is the most innovative project of the future, and it is now a billion-dollar company rather than a project.
Clap — Share — Comment — Happily ☻
Disclaimer
This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.