Polygon and Meta Has It Found New Ground?

As much as I love Polygon (MATIC) I dislike this most recent update but non the less we will go over it. Just because I don't like it doesn't mean others won't like it and when it all comes down to it we are all here to make some profits right?

MATIC / Polygon Developments

Polygon has been getting major updates this year. During the bear market it has been the single blockchain I've seen to constantly be developing, building partnerships and trying new things.

Just to mention a few of those would be ZK rollups otherwise known in long form as Zero-Knowledge roll ups and zero proof roll ups. They are powerful theory methods for rapidly scaling a blockchain and this theory is becoming a reality through Polygon.

META

Let's be honest Meta sucks and everything about it. It has to be one of the worst companies in terms of privacy and treating its users like crap. Non the less Meta owns Instagram which is arguably one of the most powerful platforms while Facebook greatly is falling behind. Instagram is fueled as a mini youtube/tiktok with its reels feature and images bring in a community aspect feel to it. It's a rather clean cut platform that has some real potential if monetization is done in a way that doesn't kill it like Facebook has. Perhaps lessons learned from Facebooks failure will turn into successes for Instagram?

Polygon and Meta Team up

The big news here which seems to be gathering a lot of attention and perhaps a bull run on Polygon is the face that Meta is introducing the ability to create digital collectibles on Instagram and sell them to fans. It's a new end-to-end toolkit which is (starting) on the polygon blockchain for selling these digital type assets.

Outside of that there's been one more little known but important development and again it comes from a company I dislike but still it has to be talked about lol

JPMorgan

JPMorgan has announced it just executed it's first decentralized finance trade over the polygon network. That means major banks are in fact working with and attempted to get into the DEFI space. However these new defi spaces will most likely be far more controlled, locked and monitored heavily. For myself I wont be touching these types of platforms but that doesn't mean big time investors wont.

These two small but important moves are starting to shape what the future of crypto will look like very soon. A blend of blockchain and major banks with web2 applications dipping their toes into already existing web3 blockchains to try and advance them into the next phase of the internet. They know if they don't jump on this now that eventually other web3 applications will take them over. This is why it's important for hive to be developing alternatives as quickly as possible and brining in the masses.

If you are a developer and can develop on the Hive blockchain then let's work together and build something great here.

Posted Using LeoFinance ^Beta