Web3: Polygon, Sequence Join Forces to Transform Infrastructure

Web3 industry provides a wide variety of services to the individuals making it a dynamic landscape. A notable development in this area is the recent partnership Announcement by Horizon, the makers of Sequence, with the aim of redefining the Web3 infrastructure.

This collaboration has had a significant impact, particularly on Polygon’s governance token MATIC, which experienced a remarkable increase About 3% within the last 24 hours. Strengthening the infrastructure marks a positive step for the Web3 ecosystem.

Source: Coingecko

This development came a day after Polygon blog post Release details of the v0.9 testnet for Polygon’s Supernet. Once the final release of SuperNet is rolled out, this partnership will certainly impact Polygon’s dominance in the Web3 space.

Web3: Scalability, Ease for Developers on Polygon

The seamless integration of Sequel’s smart wallet and infrastructure stack on the Polygon Supernet will draw commercial enterprises into the ecosystem. polygon supernet There are custom-built blockchains for specific apps. Foremost among these optimizations is a custom blockspace, ensuring that the user experience is not affected by interruptions in activity on-chain.

Sequel’s all-in-one development stack is one of the main attractions for both developers and investors. It is a complete package, covers tokens and NFTs for the SDK, the stack will fuel on-chain development as the release of the Polygon Supernet nears.

To drive development forward, both Polygon and Sequence will offer credits to encourage developers to build on the platform. In doing so, the strategic alliance will have a profound effect on how quickly the Web3 infrastructure improves.

,@AntimetalCloud Launches its AI-Powered Cloud Cost Optimization Platform with an Incredible $4.3M Seed Funding Round Led by @hiFramework

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More: pic.twitter.com/TxJdJN76qv

— Polygon (Labs) (@0xPolygonLabs) May 17, 2023

This is not the only step in improving the Web 3 infrastructure. Recently, Polygon Investment In Anmetal, a cloud-based platform, in seed funding round Framework Ventures, With Polygon’s foray into the world of cloud infrastructure, we may see more developments in the space led by Polygon in the near future.

MATIC total market cap at $8.09 billion. Chart: TradingView.com

Investors should keep an eye on this level

At the moment, MATIC is supported at the $0.8339 level, which is crucial to ensure further gains in the future. However, the current market structure is bearish, which favors the bears in the short to medium term. Thus, the MATIC bulls should defend $0.8339 as much as possible.

With on- and off-chain developments supporting the token, MATIC could see a return to $1 in the coming days or weeks. Despite this, investors should remain cautious in the short to medium term. of ethereum The altcoin market has also followed suit due to the recent upward move.

If these price movements continue to move upwards, MATIC is safe to move up to $1. With the market showing signs of strength, investors and traders should be able to enjoy profits in the long term.

– Featured Image from Dailycoin