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The Web3 industry offers a wide range of services, creating a dynamic landscape for individuals. A notable development in this area is the recent announcement of a partnership between Horizon, the makers of Sequence, to reimagine the Web3 infrastructure.
This collaboration has had a significant impact, especially on the Polygon governance token MATIC, which has seen a notable increase of almost 3% in the last 24 hours. This infrastructure strengthening marks a positive step forward for the Web3 ecosystem.
This event took place the day after the Polygon blog post detailing the v0.9 testnet release for Polygon Supernets. Once the final release of Supernets is launched, this partnership will no doubt influence Polygon’s dominance in the Web3 space.
Web3: Scalability and Seamlessness for Polygon Developers
The seamless integration of the Sequence smart wallet and infrastructure stack into Polygon Supernets will engage businesses in the ecosystem. Polygon Supernets are purpose-built blockchains for specific applications. The most important of these settings is the configurable block space, which ensures that the user experience is not affected by fluctuations in network activity.
Sequence’s versatile development stack attracts developers and investors alike. This is a complete package covering tokens and NFTs for the SDK, the stack will support the development of the network as the release of Polygon Supernets approaches.
For continued growth, both Polygon and Sequence will offer loans to incentivize developers to build the platform. At the same time, the strategic alliance will have a strong impact on how quickly the Web3 infrastructure will improve.
.@AntimetalCloud launched its AI-powered cloud cost optimization platform, with an incredible $4.3M seed funding round led by @hiFramework☁️
👉🏾We’re thrilled to have invested in Antimetal’s vision, driving innovation & empowering the tech ecosystem
More: https://t.co/beRTvlkVRE pic.twitter.com/TxJdJN76qv
— Polygon (Labs) (@0xPolygonLabs) May 17, 2023
This is not Polygon’s only move to improve the Web3 infrastructure. Polygon recently invested in Antimetal, a cloud platform, as part of a seed funding round led by Framework Ventures. With Polygon’s entry into the world of cloud infrastructure, we may see more developments in the field in the near future, led by Polygon itself.
The total market capitalization of MATIC is $8.09 billion. Chart: TradingView.com
Investors should watch this level
For now, MATIC is being held at $0.8339, which is critical to securing future profits. However, the current market structure is bearish, which supports the bears in the short to medium term. So MATIC bulls should protect $0.8339 as much as possible.
With on- and off-chain developments backing the token, MATIC could return to $1 in the coming days or weeks. Despite this, investors should be cautious in the short to medium term. Ethereum’s recent upward swing has caused the altcoin market to follow suit.
If these price fluctuations continue to move up, MATIC’s rise to $1 is assured. As the market shows signs of strength, investors and traders should be able to profit in the long run.
– Featured Image by DailyCoin