Square Enix to Use Polygon's Network in Symbiogenesis, Its Upcoming Web3 Experience

Japanese gaming company Square Enix has announced that it will be using Polygon, an Ethereum sidechain, as a base for Symbiogenesis, its upcoming Web3 experience. Naoyuki Tamate, producer of the game, cited the high transaction speeds and low transaction gas costs as the reasons for making this change in the game's design.

Timeline of Polygon

Starbucks Odyssey NFT-driven rewards program built on Polygon (CRYPTO: MATIC), which is still in closed-beta, is being sold for high prices on the secondary marketplace. What Happened: Since the launch of Starbucks Odyssey in December, its NFTs crossed over 360 in sales across Nifty Gateway, an NFT marketplace and $143,000 in total volume traded.

The price of Polygon's (MATIC) token has emerged as the leader among all other cryptocurrencies in the market, as it has recovered its pre-Terra levels. The token's price has risen to a 9-month high, reaching beyond $1.4 and displaying the potential for continued bullish trends ahead.

Bitcoin's 12% surge has lifted the crypto market, sending multiple altcoins above their crucial resistance levels. The last 24 hours have seen an uptick in the price of Bitcoin, which has fueled a bullish trend for other cryptocurrencies, including MATIC.

Polygon (MATIC) is looking to pare off its weekly losses with its price currently trading at $1.25, up 6.61% over the past 24 hours. The price action of MATIC is notably influenced by the protocol's current whale action, as pointed out by data analytics platform WhaleStats.

A trending Ponzi scheme that leverages the hype around Avatar: The Way of Water sci-fi movie has become the fifth largest holder of Polygon (MATIC), a core cryptocurrency of the Polygon network (MATIC) ecosystem.

The Avatar Ponzi scheme-related wallet — 0xc7728354f9fe0e43514b1227162d5b0e40fad410 — has accumulated over 22 million polygon (MATIC) coins. This movement has made the address the fifth-largest MATIC holder.

The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs. But first, here's a quick glance of Polygon (MATIC) performance in the last few days: MATIC price is down by 1.43% as of press time Polygon NFTs riding the wave of the Super Bowl hype; now 4th largest in terms of NFT volume at $3.37 million MATIC price looks bullish for the long term Polygon knows exactly what to do with the Super Bowl hype and uses that to gather momentum.

Polygon MATIC News: Thanks to its technical prowess and support from the community, Polygon (MATIC) blockchain network is steadying itself in the top 10 cryptocurrencies based on market cap. The network entered into significant partnerships with some of the biggest institutional investors in recent times.

Private market investment company Hamilton Lane has unveiled tokenized investment funds in a deal with digital asset securities firm Securitize and blockchain Polygon. The new tokenized feeder funds would use blockchain technology to give individual investors the same opportunities as their institutional counterparts.

As part of the collaboration, a hybrid metaverse, players can effect change in the real world by removing real trash from the real ocean in any trash NFT they purchase.  According to the announcement, the arctic SaveYour.World is just the beginning of expanding the digital realm to other environments–forests.