Recently Polygon (MATIC) After Polygon co-founder Sandeep Nailwal, who announced the price target, important statements regarding Polygon came from the investment company Bernstein.
In a recent research report, Bernstein said that the Polygon blockchain has played an important role in the transition to Web3.
Migrating Web2 users to Web3 polygon Stating that the blockchain is a leading network, the report pointed out that the Polygon network is used by Starbucks (SBUX), NuBank, Reddit, Draftkings (DKNG), Robinhood (HOOD), and Meta/Instagram (META).
In this context, the report is after Meta/Instagram announced that it will use the Polygon network for NFT operations. MATICHe drew attention to the increase of approximately 30% in the last week.
Bernstein analysts Gautam Chhugani and Manas Agrawal explained the reasons behind this success of Polygon as follows.
“The range team got two things right.
It initially recruited talented people from major global tech companies such as Amazon (AMZN), YouTube and Airbnb (ABNB).
Secondly, it used its business development power to reach consumer-oriented brands.
This puts Polygon in a unique position to bring millions of users to Web3 and become the king of Web3.”
Explaining the criticisms of Polygon as well as the achievements of Polygon, Bernstein analysts said that these criticisms “The current proof-of-stake (PoS) chain of the Polygon network is not a long-term solution as it is actually a sidechain and Polygon is a parasite for Ethereum” said that.
Finally, Bernstein analysts said that Polygon’s Ethereum (ETH) stating that it adds value to the ecosystem “therefore, the success of Polygon becomes the success of the Ethereum ecosystem.” said.
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