Polygon Recap (2/6 - 2/14)
So you won’t miss out on the constant developments and updates on the Polygon Network, here is your Polygon weekly recap.
Key Takeaways
Polygon (MATIC) Sees an 8% Jump in Value During the Past 7 Days
Polygon Hires Renowned Aave Attorney for a Crypto Policy Position
Polygon DeGens Saw a Launch
Polygon and Shemaroo to Bring a New NFT Marketplace
Ecosystem Updates
Rapid expansion is being experienced by the Polygon ecosystem, which is partnering with significant enterprises. Let’s find out what some of those are!
1. Market Data
Polygon (MATIC) Sees an 8% Jump in Value During the Past 7 Days
This past week, the price of the Polygon (MATIC) coin has remained above the $1 level. MATIC even managed to reach a new yearly high of $1.345. Currently, it is trading hands for $1.29, a 2.5% loss in the past 24 hours according to CoinMarketCap. However, when we look at the weekly chart, we see a significant 8% rise.
Around the $1.30 mark, there is imminent pushback. If bulls can maintain control and push the MATIC price above this level, we could see another significant surge. And if that happens, the MATIC coin could see smooth sailing to $1.40! Great week for MATIC in terms of value growth!
2. Polygon Network
Polygon Hires Renowned Aave Attorney for a Crypto Policy Position
A recent Polygon tweet revealed that it has appointed Rebecca Rettig as its first Chief Policy Officer, overseeing worldwide legislation. With this position, Rettig will speak on behalf of the Web3 crowd to lawmakers and regulators globally. Before this job, we can see that Rettig was a general counsel for Aave, meaning she had experience with officials and policymakers. With Rettig as part of the team, Polygon can increase the adoption rate of decentralized Web3 technology, create cutting-edge regulation concepts, and much more! This is exciting news as it could push the Polygon network and the whole Web3 space forward.
3. Polygon DeFi
Polygon DeGens Saw a Launch
This week, the new Polygon DeGens Campaign was announced by the Polygon team. This initiative will emphasize many DeFi projects on the Polygon network with weekly challenges and objectives for individuals to complete. Polygon will partner up with Galxe for this project - it was nice to see that following fruitful partnerships in 2022, Galxe and Polygon Labs are still collaborating to produce meaningful Web3 activities for audiences. This upcoming week you may receive an open edition NFT by Stargate and Polygon just by sending $100 by Stargate in USDC, USDT, DAI, or MAI to Polygon, following the Polygon DeFi Twitter account and retweeting the campaign launch tweet. Be sure to take a closer look if you are interested, and do not miss out!
4. NFT
Polygon and Shemaroo to Bring a New NFT Marketplace
On February 9th, Polygon revealed that Shemaroo Entertainment is launching a brand new NFT marketplace named Virtasy on the Polygon network. This marketplace will deal in NFTs from renowned Bollywood movies, including photos, video clips, and 3D avatars, which can be brought into the Metaverse. A further tweet from Polygon states that users will soon get “Early Access” to the marketplace which will offer prizes and possibilities for community interaction for fans. Shemaroo has made a significant NFT leap with this innovation as it hopes to grow its NFT sector. Bollywood lovers should also find this new project appealing as they can interact with characters from their favourite IPs and incorporate them into their digital lives. Benefits for all!
Additional Notable Events
Polygon Network
Polygon NFT