Polygon (MATIC) has grown over the last year, but things are still looking up for this blockchain network. Polygon has received support from a wide range of companies and organizations around the world, including the Swiss Postal Service and the Dolce & Gabbana NFT collection.
The Polygon Blockchain Network is Growing
Polygon’s popularity as a scaling solution for Ethereum (ETH) grows, with new projects being launched on top of it. For example, the Italian luxury fashion company Dolce & Gabbana used the UNXD marketplace to launch a new non-fungible token (NFT) collection on top of Polygon.
This is one of the ways Polygon is attracting companies and large corporations to its ecosystem. The NFT collection was sold for 1,885 ETH, which is approximately $6.5 million at the time of writing.
However, this was not the only significant initiative launched in recent weeks on top of the Polygon blockchain. Indeed, Switzerland’s Postal Service has been collaborating with Polygon to create the country’s first crypto stamp.
This initiative includes a crypto stamp with a corresponding physical image. Both types of stamps can be collected and exchanged and traded online. This is one of the most recent initiatives promoted by a non-blockchain company to bridge the gap between physical stamps and online collectibles.
Swiss Post has a tradition of releasing unique stamps with unique designs each year. The stamps are made of various materials and are available for purchase by the general public. However, this would be the first time they would introduce a new digital stamp on top of Polygon.
Each design would be a non-fungible token stored on the Polygon Blockchain. This is something we’ve seen with other collectibles and initiatives in the cryptocurrency market in the past.
Polygon is one of the world’s largest blockchain networks. It is the 22nd most valuable virtual currency, with a market capitalization of $8.96 billion. Each coin on this network is worth about $1.33.
Polygon was designed as an easy-to-use Ethereum scaling platform. The network can handle a large number of applications and solutions thanks to the Polygon SDK, making it a powerful alternative to other blockchain platforms. Polygon is essentially transforming Ethereum into a full-fledged multi-chain system.