Polygon (MATIC) has gained 9% in the last 24 hours, trading at $0.928 at the time of writing. MATIC’s recent gains come after Meta announced it would allow people to create non-fungible tokens (NFTs) on the Polygon blockchain.
MATIC price analysis
MATIC has decoupled from the broader cryptocurrency market in the past 24 hours after nearly 10% gains. MATIC is currently up by 15% over the past month.
MATIC’s trading volumes in the last 24 hours currently stand at $1.24 billion, a notable increase from the previous day. MATIC currently ranks as the 11th largest cryptocurrency, with a market capitalization of $8.25 billion.
MATIC is bullish today following the announcement by Meta that it will support Polygon NFTs on the platform. Meta is one of the largest social media platforms globally, and the addition of Polygon NFTs could see MATIC rallying 10x.
Polygon NFTs supported on Instagram
Meta, the parent company behind Facebook and Instagram, has announced the launch of a digital collectibles toolkit that will allow people to create NFTs on the Polygon network, after which they can sell them on Instagram or other platforms.
Meta will allow users to show off their Polygon NFTs on their Instagram accounts. Besides Polygon, Meta will also support NFTs created on Solana, Ethereum, and Flow blockchains. Meta is now testing minting and selling NFTs on Instagram, as on a traditional NFT marketplace.
Calvaria crypto games platform has the potential for growth
Polygon Studios has been behind some of the best crypto games projects. One of the newest blockchain gaming projects backed by Polygon is Calvaria. Calvaria’s native token, RIA, is already being touted as one of the best cryptos to invest in.
The Calvaria whitepaper notes that the blockchain game is created in a fantasy universe comprising three factions. Players can choose to be part of either of these factions, after which they can participate in player-vs-player (PvP) battles to earn rewards.
Calvaria differs from other games as it offers several modes players can choose. Moreover, Calvaria also has a free-to-play version enticing casual gamers who want to check out the game’s features.
The Calvaria presale has already raised more than 1.24 million USDT tokens. The ongoing presale is in stage three, where traders buy RIA for only $0.02. Stage three will end after raising 1,350,000 USDT, after which the price will increase to $0.025.
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