Ethereum Competitor Polygon (MATIC) signs deal with push web browser to onboard millions of new users
Ethereum (ETH) Layer 2 Solution Polygon (MATIC) partners with a leading software company to bring Web3 functions to its web browser.
In a new blog post, Polygon details how it will work with Opera Software to bring decentralized applications (DApps) to the Opera web browser.
“Polygon is coming to the Opera browser in a partnership that has the potential to onboard millions of users into Polygon’s decentralized application ecosystem.
Opera will integrate the Polygon blockchain into its Web3-enabled browser and in-app crypto wallet on Android in Q1 2022. The integration will give Opera users in-browser access to over 3,000 dApps on the Polygon network.
Some branded DApps coming to the Opera browser include automated market maker SushiSwap, stablecoin-focused decentralized exchange curve and borrowing and lending protocol Aave, as well as popular land-based blockchain games The Sandbox. and Decentraland, and non-fungible token (NFT) marketplaces like OpenSea.
Opera, which has had its own built-in crypto wallet since 2018, already supports Ethereum’s Web3 application programming interface but suffers from high gas transaction fees, according to Polygon. However, MATIC believes its partnership with Opera can solve this problem.
“Opera’s noncustodial crypto wallet already supports the Ethereum Web3 API, which makes interacting with these DApps seamless for the user.
Adoption of Web3 crypto wallets has been handicapped by high gas fees on the Ethereum-1 layer. Polygon stepped in with a wide range of scaling options and some of the lowest transaction rates in the industry. »
Polygon’s announcement follows the creation of a $200 million fund with social giant Reddit to bring social media and gaming to the blockchain.
The popular altcoin’s recent collaborations, along with its efforts to improve its scaling solutions in the form of zero-knowledge (ZK) rollups that aggregate and verify hundreds of off-chain transactions, have led some analysts to predict that MATIC will recover in 2022.
MATIC is trading hands at $2.68 at the time of writing, a 36% increase from its seven-day low of $1.97.
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