Polygon has been waking waves recently.
From partnerships with Disney to Liverpool Football Club’s NFT collection, they have been growing at an astounding pace.
In their latest venture, Polygon has teamed up with Daimler South East Asia, a subsidiary of Mercedes-Benz Group, to announce a blockchain-based data sharing platform.
It will leverage the Ethereum Layer 2 scaling solution, allowing customers to trade insurance, information, and other forms of data.
The data can be paid for in stablecoins, instead of Ethereum, and will use $MATIC, polygon’s native token, as gas fees.
Polygon’s Cambrian Explosion
This is just the latest in Polygon’s string of Web2 partnerships.
After raising $450M in a Sequoia-Capital led venture financing round, the foundation has been on a tear.
Despite the bear market, the team is working hard with seemingly every industry, with $MATIC standing at the centre of it all.
At the time of writing, $MATIC is trading at $0.86, up 19.4% in the week.
[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]
Featured Image Credit: NFTHi