It continues to be an excellent run for Polygon (formerly Matic) as the Ethereum-based scaling solution announced its listing on Google Cloud Marketplace.
Disclosing the integration via an official blog post, Polygon announced that its datasets have now been listed in the Google Cloud Marketplace as a public financial services dataset.
According to the announcement, Google BigQuery facilitated the integration, and will enable developers to easily and quickly analyze on-chain data on the Polygon network. It will also create plans to extend the new offerings to include more distributed ledgers.
Polygon, as a result of the integration, will act as Ethereum’s Internet of Blockchains. This will invariably bring massive scale to Ethereum through Polygon SDK, supporting stand-alone chains and secured chains.
The integration will also unlock incredible features on Polygon such as the monitoring of gas fees and smart contracts. As well as the ability to integrate with traditional financial record processing systems and determining the most popular tokens or applications on the network.
RenVM Bridge Now Live on Polygon
Ren, an open protocol that enables the movement of value between blockchains, has announced the launch of a bridge onto Polygon in a related event.
According to the announcement, the new Polygon and RenVM Bridge will allow the direct bridging of assets onto the Ethereum-based scaling solution for faster and cheaper transactions.
As a result of the integration, Ren-based assets will now be accessible on Polygon’s network. Also, Ren’s ERC-20 representations of Bitcoin, Bitcoin Cash, Dogecoin, Filecoin, Terra, Zcash and DigiByte can now be used on the Ethereum-based scaling solution network.
The blockchain platform also disclosed that in addition to the new development, Ren-based assets on all dApps within the ecosystem. This will begin with Quickswap, then Curve Finance, Varen, BadgerDAO, and more that will be added shortly.
Michael Burgess, Ren Protocol COO, explained that the integration would significantly benefit all stakeholders involved.
“The addition of Polygon support to RenVM will greatly benefit all stakeholders, providing more utility to Polygon and even more velocity through RenVM. We could not be more thrilled for this to go live as it will benefit all of DeFi,” he noted.
Upshot Brings NFT Appraisals to Polygon
Meanwhile, Upshot an NFT focused protocol, has announced its decision to bring crowdsourced NFT appraisals to Polygon’s Ethereum-based scaling solution.
Joining the booming NFT space, Upshot, a protocol that pays experts for honest insights. Invariably enabling real-time NFT appraisals, will be integrating with polygon.
Upshot will join Opensea, Aavegotchi, Zed Run, and Neon District to build on Polygon. Which will in return, provide users with cheap gas fees, faster transactions, and a seamless experience on the network.
MATIC Price
At the time of publication, MATIC’s price dropped by 2.3% and traded at $1.78. It currently has a market cap of $11,132,621,636 and a 24-hour trading volume of $3,885,234,912.
The token has a circulating supply of 6.2 billion MATIC coins and a max supply of 10 billion. Binance is also the current most active market trading it.
Join us on Telegram to receive free trading signals.
Find out more about the crypto and blockchain space on the Altcoin Buzz YouTube channel.
