Horizon, creator of Sequence, has partnered with Polygon Labs to revolutionize Web3 infrastructure. This collaboration has had a significant impact, particularly on Polygon’s governance token MATIC, which experienced a notable increase of nearly 3% within the past 24 hours. Once the final release of Polygon’s Supernets is launched, this partnership will surely affect the dominance of Polygon in the Web3 space.
The seamless integration of Sequence’s smart wallet and infrastructure stack on Polygon Supernets will attract businesses into the ecosystem. Polygon Supernets are custom-built blockchains for specific apps. Sequence’s all-in-one development stack is the main attraction for both developers and investors. To further push growth, both Polygon and Sequence will offer credits to incentivize developers to build on the platform.
This isn’t the only move by Polygon to improve Web3 infrastructure. Recently, Polygon invested in Antimetal, a cloud-based platform. With Polygon’s entry into the world of cloud infrastructure, we might see more developments in the space led by Polygon itself in the near future.
At the moment, MATIC is supported on the $0.8339 level which is crucial for ensuring future gains. However, the current market structure is bearish, supporting the bears in the short to medium term. Thus, investors should be cautious in the short to medium term. With on and off-chain developments backing the token, MATIC might see a return to $1 in the coming days or weeks.
Investors and traders should be able to enjoy gains in the long term, as the market shows signs of strength. Quotes and information are sourced from credible sources like Coingecko and Polygon’s blog.