An absolutely massive development happened for the cryptocurrency space this week that you may have missed among all the fear-driven headlines currently dominating the markets…
It has to do with Polygon (MATIC), a crypto whose claim to fame used to only be that it provided a Layer-2 scaling solution for Ethereum (ETH).
Well, not anymore now that Polygon has secured one of (if not the single) biggest partnerships the crypto-sphere has ever seen.
On Monday, CEO Ryan Watt announced that Polygon will be partnering with none other than Meta Platforms Inc. to create an NFT (non-fungible token) platform for Facebook and Instagram.
And this isn’t just a far-off goal, either – Meta has already started testing its NFT functionality on Instagram as of this week.
Crypto prices might be seriously hurting right now, but this partnership could be a huge moneymaker – especially for those who are smart enough to buy Polygon at today’s deeply discounted price of just $0.7268.
Here’s What Investors May Have Missed about Polygon’s Massive Meta Partnership Announcement
I’ll give you my breakdown on this epic partnership in just four minutes, below:
Polygon (MATIC)* at a Glance
MATIC Price: $0.7268 | Market Rank: 18 | Market Cap: $5.7B
Circulating Supply: 7.85B MATIC | Total Supply: 10B MATIC
*as of May 11, 2022
(To understand what these numbers mean and how they affect Polygon’s value, click here to check out our complete guide to tokenomics.)
Polygon is available to buy and trade on most cryptocurrency exchanges, including Coinbase, Kraken, and Gemini.
But remember – always evaluate a crypto for yourself before buying. I recommend using my Five Ts of Crypto Investing framework, which comes with simple guidelines and an easy-to-use scoring system.
Until next time,
Chief Crypto Strategist, American Institute for Crypto Investors