Seeking Alpha 2022-01-06 16:50:57

Polygon network activity surges amid record high NFT sales

Polygon's (MATIC-USD) non-fungible token sales jump 60% to a new all-time high of ~2M in December, according to Dune Analytics. The NFT user demographics appear to be more aligned to gaming companies and developers than collectibles, Coin Telegraph notes. Additionally, the number of daily active Proof-of-Stake chain addresses on the Polygon network is expected to surpass the record high of 566.5K addresses printed on Oct. 2, 2021, according to data from Polygonscan. Still, Polygon (MATIC-USD), the native token for the Polygon network, slides nearly 8% intra-day amid a broader risk-off day for risk assets. Earlier this week, OpenSea raised $300M in a Series C funding rounding.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.
Helpful Resources: AWDSportsCars.com | GardenGay.com | MoviesNTVSeries.com | MuzicFanatic.com