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Matic/Polygon has never been hotter, as tons of big name brands are taking advantage of the blockchain. In this video, I divulge why you should be looking into Polygon, why it’s continuing to out-surpass Ethereum, and what it’s future may look like.
0:00 Intro
0:48 The Power of Polygon
3:13 Polygon Partners
6:40 Polygon vs ETH
8:08 Cutbacks
Links:
https://polygon.technology/developers
https://decrypt.co/113565/matic-jumps-instagram-polygon-nft-minting
https://cointelegraph.com/news/jp-morgan-executes-first-defi-trade-on-public-blockchain
https://www.cryptoglobe.com/latest/2023/01/polygon-powered-trump-digital-trading-cards-enjoy-huge-price-surge-as-daily-sales-jump-800/
https://decrypt.co/121552/starbucks-polygon-nfts-already-selling-thousands
https://u.today/nike-swoosh-web3-studio-kicks-off-with-polygon-nfts
https://beincrypto.com/polygon-flips-ethereum-daily-active-addresses-matic-price-surges-10/
https://decrypt.co/120382/more-polygon-nfts-sold-opensea-ethereum-second-straight-month
https://decrypt.co/121087/reddit-million-free-super-bowl-nfts-polygon
https://decrypt.co/121786/draftkings-pga-tour-nft-golf-game
https://zycrypto.com/matic-primed-for-explosive-growth-as-polygon-announces-date-for-zkevm-mainnet-beta-launch/
https://beincrypto.com/polygon-cuts-100-jobs-despite-strong-treasury/
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#polygon #matic #bitcoin #ethereum #crypto #news #nft #economy #money #blockchain #invest #inflation #cardano #cryptocurrency
How does crypto break into the Mainstream well it's not rocket science It's not quantum physics all they got to Do is get mainstream Partners on board In one company and one project has done That better than any other in the recent Years and that is Matic AKA polygon Today we're going to look at why polygon Is such a big deal and why it's going to Lead the charge and the next Bull Run Let's get it Right Welcome to Big Boy crypto my name is Ben And today we're talking about polygon That's right guys this project has Racked up tons of Partnerships over the Last year and has made a lot of Mainstream adoption in spite of a Massive bear market and now because of That it's got massive momentum and wind Underneath it's rings in the last couple Years they've signed Partnerships with Dolce and Gabbana Disney and yes even Strive the payment processing Merchant So what is this done well this is set The standard to show that Matic is the Trusted corporate partner of major Corporations in crypto and just the Appearance of that is leading it to many More massive Partnerships it's basically Okayed as a cool corporate blockchain Now and of course what it is it's a Layer 2 blockchain which means it goes On top of ethereum and it's able to
Scale much better do much cheaper fees And run transactions at a much higher Throughput rate with much lower fees of Course so it's kind of the Band-Aid for Ethereum if you will so here we go let's Check it out what's it what's it good For why do people love it Matic Prime For explosive growth is polygon Announces date for the ZK evm mainnet Beta launch the UK stands for zero Knowledge polygon has settled for March 27th as the launch date for the much Anticipated zero knowledge of theory on Virtual machine main net beta Network According to the announcement although Polygon did not specify what the mainnet Beta would entail polygon DK evm is a Groundbreaking technology that aims to Increase the speed of blockchain Transactions and reduce their costs like Its Rivals Solana and xrp Solana Whatever uh which have faster Transaction speeds and unparalleled Centralization Instead CK EVMS generate cryptographic Proofs to process transactions faster Before those transactions are sent back To layer 1 networks in this case Ethereum so you see why some of these Companies are so bullish on polygon now Guys it's hard to argue what they say Here on the website this is on the Polygon website and now you may heard it Here called polygon ormatic and that may
Be a little confusing poly I believe is Already not only something that Sam Beekman freed and Caroline really Enjoyed but it's also I think another Project Matic used to be the name of the Project they rebranded the named polygon But the ticker has stayed Matic it Launched first on the binance launch pad Back I believe in 2019. but the website yours is the Future of the web 3 built on polygon Scaling the goodness of ethereum it is Hard to argue that this is where web3 is Being built right now we have Instagram With an nft mending feature it's a big Deal But what are they using they're using Matic it jumps 20 in a day after Instagram's polygon nft minting reveal Uh meta announced Instagram would be Using polygon Network for its upcoming In-app nft mending feature earlier this Week of course this was not too long ago November 4th 2022 Um but Instagram's ft minting feature is A big deal last year CNBC reported Instagram had over 2 billion monthly Users it means lots of potential traffic For the polygon networks you start Understanding if meta is considering Using it or Facebook as we like to call Them then you know it's a big deal we Also have this JP Morgan executes first Defy trade on a public blockchain this
Is also back in November of 2022 and let Me tell you cointelegraph they love These ants in their Graphics the pilot Was another step into examining how Traditional Finance institutions can use Tokenized assets and D5 protocols to Conduct Financial transactions among Other used cases so we're seeing even Traditional Finance wanting to use Polygon corporations tech companies Wanting to use polygon what is this Communicating to you and also the most Important question in all of crypto for All of mankind has been this what Defines a cryptocurrency can you buy a Cup of coffee with it Can you buy a cup of coffee with your Cryptocurrency all my ogs understand but Starbucks polygon nfts are already Selling for a thousand dollars this Story just broke uh not too long ago Um as you guys can see all of the Cheering here uh for your Baristas uh And this story basically goes on to Explain how some of these that have been Traded behind scenes they're already Worth thousands of dollars people love Polygon polygon power Trump digital Cards remember the Trump nfts you better It was only back January 21st polygon Powered Trump digital train cards uh Enjoy a huge surge as daily sales jump 800 percent people love Trump nfts but But people love polygon too maybe
Polygon was the secret to the success Those actually did very very very well Now we've got Nike Nike using polygon The world's foremost athletic brand Nike Dot swoosh web3 Studio kicks off with Polygon nfts everyone is using polygon Here at bitboy crypto shocker we use Polygon DraftKings T up PGA Tour nft Fantasy golf game so now you've got the PGA and DraftKings jumping on guess what I wonder what they're using polygon nft Player cards you cannot make this stuff Up Reddit has given away over a million Super Bowl nfts on polygon how much more Of this do you want me to show you Frankly I'm getting sick of showing you New things using polygon that's how Unbelievable it is it's almost like it's The default blockchain of Champions red Is collectible avatars is a prime Example of an effective web3 ramp and Thanks to a new collaboration with the NFL On free Super Bowl nfts reddit's about To hit another Milestone so there they Go getting involved but the important Part they're not using Reddit moons They're not using Moons for their nfts They're using polygon polygon is so much Better than ethereum it's unbelievable However polygon cannot exist without Ethereum and really polygon cannot exist Without the problems of ethereum Existing so the problems the speed the
Congestion of ethereum It helps polygon so polygon flips Ethereum for daily active addresses Asthmatic price surges 10 polygon active Addresses is more than 340 000. according to token terminal daily Active users on polygon have surpassed Those on ethereum B and B chain is a top Blockchain for daily active users with Almost 800 000 according to the Chart it Was set up for a bunch of rug pulls However polygon is now second with 340 000 just eclipsing ethereum 320 000. Polygons can they confirm the uptick in Daily active chain addresses reporting Closer to four hundred thousand they're Crushing it in usability and everybody's Favorite dead nft platform open C well Their polygon nft sales top ethereum for Second straight month well why is that Well that's because everybody's trading Ethereum on blur that's probably a Pretty good reason why but polygon and Sales on open C have beat ethereum in Each of the past two months but they're Mostly low cost assets so you can see Here even Kate Irwin is getting in on The fun making fun of Open Sea open C's Pretty much dead don't know if you guys Know that they call it uh the Dead Sea Now but check this out polygon Labs Cuts Head count by 20 despite holding over 2 Billion in treasury keep hearing all These people are laying people off
Because they got no money but about a Hundred polygon employees have been laid Off as a firm consolidates its business Units the layoffs come despite the firm Being financially secure 250 million in Funding 1.9 billion Matic in its Treasury now blog post says the layoffs Are the next consolidation stage after The firm bought several businesses under Playing on Labs rather the result crypto Winner that saw the downsides in the Last few months Um and here's here's what I'll say about This they're laying off 20 to unify the Company now I guess the employees are Laid off they don't get to be unified Just want to say that here's the fact The fact is In my opinion what they're doing here What a lot of companies are doing out There is they're laying people off is They're not laying people off because They don't have money they're laying People out because they're realizing They've got a lot of bloat they've got a Lot of employees that are On The Fringe That may not 100 buy into the company's Values but they're there and they're Serving a purpose but in reality Sometimes you find just kind of like a Good plan just like bonsai trees to grow A healthy bonsai tree you gotta cut back A little bit on the trimmings you got When you got some things that are going
A little Haywire you got to trim them Back and then it grows out big nice and Beautiful like Sam Bateman Freed's hair But the point is You got to cut back sometimes and when Times are good like they are for polygon And it's all good all the time I kind of Wish we'd done a bit boy crypto when we Were at our Peak when the Bull Run was At its height it sometimes it's okay to Pull back even when things are going Well because you just start adding Positions or you start uh you know going In certain directions that you probably Are not well suited and capable of going Into and I think over time when money's Tight it's easier to see that I think Polygons move here is genius now I don't Like daily 20 people off we don't want To see people lose their jobs but their Move here it's so beloved it's doing so Well it's making so much money and they Still cut back on the bloat I think that Shows you just how big and powerful the Polygon is going to grow to in this next Bull Run I do want to say as a quick Caveat do not discount optimism do not Discount arbitrum on becoming Competitors because they see this right Niche that corporations are clamoring For and I think they're going to be Right in on the action in this bull run But there is no doubt polygon is the Queen that's all I got be blessed way
Out Thank you
