One of many largest attire corporations, Nike has launched a brand new Web3 platform known as .Swoosh aimed to supply Polygon (MATIC/USD)-based non-fungible token (NFT) merchandise.
Polygon is a blockchain scaling platform, one aiming to scale Ethereum (ETH/USD) suitable blockchain networks as a Layer-2 answer powered by the MATIC cryptocurrency.
The launch of .Swoosh as a catalyst for progress
Within the newest Polygon information, Nike has grow to be one of many largest fashion-world corporations to enter Web3 via RTFKT, an NFT and digital attire startup it acquired in 2021.
The .Swoosh platform goals to be the middle of Nike’s digital efforts inside Web3. This platform shall be used to launch digital attire like t-shirts and sneakers for avatars which can be utilized inside Web3 video games.
Every of those NFTs can even be minted on high of Polygon, the place the earlier Nike and RTFK drops have been launched immediately via Ethereum. Polygon formally confirmed this on November 14, 2022, on Twitter.
Must you purchase Polygon (MATIC)?
On November 15, 2022, Polygon (MATIC) had a price of $0.9282.
MATIC/USD Chart by Tradingview.
The all-time excessive of the Polygon (MATIC) cryptocurrency was on December 27, 2021, when it reached a price of $2.92. Right here we are able to see that the token was buying and selling $1.9918 larger in worth, or by 214% at its ATH.
Once we go over the cryptocurrency’s historic efficiency, Polygon (MATIC) had its low level at a price of $0.782644 within the final seven days, whereas its excessive level was at $1.22. Right here we are able to see a rise in worth of $0.437356 or by 56%.
Within the final 24 hours, nonetheless, Polygon (MATIC) noticed its low level at $0.897136, with its excessive level at $0.964897. This marked one other improve of $0.067761 or by 8%.
Traders may wish to take up the chance to purchase MATIC as it will possibly climb to $1.5 by the top of November 2022.