MATIC price movement after Polygon partners with Nothing to make Web3 mobile

By:
on Jul 7, 2022
  • Polygon has announced a partnership with the phone maker named Nothing to bring Web3 to mobile users.
  • The Nothing Phone will integrate Polygon's technology and give users access to games, payments, and dApps.
  • Polygon (MATIC) saw an increase in its value and market capitalization by 2% within the last 24 hours.

Polygon MATIC/USD is an Ethereum ETH/USD scaling solution that aims to provide a platform for developers to create scalable decentralized applications (dApps).

A core component that makes all of this work is the Polygon SDK which is a modular, flexible framework that supports a multitude of different types of applications. 

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Furthermore, Polygon enables optimistic rollup chains and ZK rollup chains alongside standalone chains. 

The Nothing partnership as a catalyst for growth

Polygon has announced that it is partnering up with the phone maker known as “Nothing” as a means of integrating Web3 technology with mobile users. 

The upcoming Nothing Phone will essentially integrate Polygon’s technology and give users access to games, payments, decentralized applications (dApps) as well as a lot more.

On June 23, 2022, we covered how Solana SOL/USD announced that they are building their own crypto-native phone.

Now, Polygon will integrate its technology into the startup’s first phone, known as the Nothing Phone (1).

This partnership will initially start with a non-fungible token (NFT) membership club, with those that helped crowdfund the launch of the phone receiving exclusive Polygon NFTs. 

Those that have pre-ordered the phone will also get NFTs.

The Black Dot NFTs will give numerous benefits to holders, such as access to products early, entries, events, and so on. 

Should you buy Polygon (MATIC)?

On July 7, 2022, Polygon (MATIC) had a value of $0.5232.

The all-time high of Polygon (MATIC) was on December 27, 2021, when it reached a value of $2.92.

When we go over its performance throughout the previous month, Polygon (MATIC) had its highest point of value on June 1 with a value of $0.6679.

Its lowest point was on June 18, when it decreased to $0.3244.

Here we can see a decrease in value of $0.3435 or by 51%. From the span of June 18 to July 7, MATIC has increased in value by $0.1988 or by 61%.

With this in mind, MATIC can reach a value of $0.8 by the end of July 2022, making it a solid buy.

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*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.