In the latest MATIC news, Polygon announced a [hard fork event](/news/article/cardano-hard-fork) in a [blog post on 12 January](https://polygon.technology/blog/hardfork-incoming-upgrading-polygon-pos-chain-to-boost-performance), following weeks of [preliminary debate](https://forum.polygon.technology/t/pre-pip-discussion-addressing-reorgs-and-gas-spikes/10623/5) on the Improvement Proposal (PIP) forum page in late December.
  
The hard fork is set for Block >= 38,189,056. A centralised, single actor will not initiate it. Network validators must update their nodes before the designated block, which they are already doing.

It is reported that the Polygon hard fork, which has now been confirmed, will solve gas spikes and chain reorganisation issues that have hampered user experience on the Polygon Proof-of-Stake (PoS) chain.

## Polygon MATIC news - Votes in favour of increasing base fees 

87% of the governance team's 15 votes approved raising the base fee change denominator function from 8 to 16 to prevent gas cost spikes and decreasing the sprint length function from 64 blocks to 16 to solve the chain reorganisation problem. 
88. 
The team said that cutting sprint duration will enhance transaction finality, allowing a single block producer to add blocks continually at a frequency of 32 seconds rather than the present interval of 128 seconds.

## Polygon MATIC news - Number of blocks not affected

Since this adjustment does not affect the total time or number of blocks produced by a validator, they noted that overall rewards would not change.

When a block is erased from the blockchain to create a place for a new one, it creates a chain reorganisation to make room for the more recent longer chain; all node operators have the exact copy of the ledger. However, if the blocks are to be reorganised, it must be done as quickly as feasible because it raises the risk of a 51% attack. The team has verified that token holders and delegators would be unaffected by the hard fork and that applications will not be impacted. 

[MATIC](/news/article/matic-price-prediction) is trading at $0.977, up 13.6% since the company announced the news on 12 January.


blue image of fork in road with polygon MATIC logo in centre

MATIC News: Polygon hard fork announced

[Uquid](https://uquid.com/) is one of the largest Web3-based platforms, offering physical and digital products. It creates smart shopping experiences for users by bringing the world of e-commerce and DeFi together. 

To enhance customer experience, it has announced integration with the [Polygon network](/news/article/polygon-crypto). The smart marketplace will leverage Polygon’s low fees, high efficiency, and, most importantly, scalability. It will also allow Uquid to employ its vigorous developer ecosystem.

![uquid.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/uquid_fd41c6718c.png)
 
It will allow customers to enjoy another payment method, the MATIC token. In addition, this Web3 market will have access to Ethereum through this integration.

## Shared vision of building eco-friendly platforms

Both Uquid and Polygon share the vision of [sustainability](/articles/our-news/sustainable-future) and environmental preservation. MATIC’s network is known for being the least harmful to the environment. That’s why the smart marketplace opted for its scalable ecosystem to develop its market. Uquid believes that the MATIC network can shape a user-friendly and environment-friendly platform. 

It will not only reduce gas fees for users, but will also allow easy access to cryptocurrencies. Users can also enjoy access to various decentralised apps (DApps) available on Polygon. 

## About Polygon

[Polygon](https://polygon.technology/) is one of the leading Ethereum scaling solutions. It is entirely decentralised and ideal for creating Web3 DApps. The network leverages Ethereum's security and provides high efficiency at affordable costs. More than 53,000 DApps have chosen its scaling solution to build their platforms. Among them, names like Uniswap, OpenSea, and Aave are notable. 

The network is also a leading force in the non-fungible tokens ([NFT](/news/article/nft-art-marketplaces)) market. It has collaborated with numerous key players in the industry, including [Disney](/news/article/matic-disney-collab), Instagram, Adobe, Stripe, and others.

## About Uquid

Uquid is a platform that first introduced the idea of Web3-based smart shopping. It bridges the gap between the DeFi world and e-commerce by offering more than 85 million products. The platform also introduced the concept of a shop-to-earn market.


Uquid Web3 Market Integrates Polygon

The [Matic token](/coins/matic) has been one of the few cryptocurrencies in recovery since May 2022 in the bearish crypto market. One primary reason behind it is the [Polygon news](/news/article/polygon-crypto-news) confirming the Matic Disney collaboration for the Disney 2022 Accelerator Program. 

Since then, the token has seen some positive price action. It currently trades at $0.742, according to per [CoinMarketCap](https://coinmarketcap.com/currencies/polygon/). Though the token gained momentum after the news, its value is still less than USD. 

Many are curious why Disney prioritised Polygon tokens over other high-performing ones. Let's take a look at the reasons Disney preferred Matic! 

## What is the Accelerator Program?

Walt Disney Co. runs business development and mentorship programs for tech startups. It is aimed at funding and mentoring six innovative firms. The entertainment giant selects the firms based on their potential to thrive in the entertainment industry. The initiative takes place in summer each year. This year, it also started in July and will conclude in October.

Part of the plan for the [Disney Accelerator programme](https://thewaltdisneycompany.com/2022-disney-accelerator-participants-announced/) is to build immersive experiences with Augmented Reality (AR) tech and create AI-based character NFTs. For this reason, Matic's team is also part of this year's mentorship initiative. 

Alongside Matic, Disney will work with five other AR, AI, and web3-based companies. These include; [FlickPlay](https://www.flickplay.co/), [Red 6](https://red6ar.com/), [Obsess](https://www.obsessar.com/), Inworld, and [Lockerverse](https://www.lockerverse.com/). Polygon is the only cryptocurrency firm to be part of this program. 

## Four reasons why Matic and Disney teamed up for Accelerator

Let's examine why Polygon is the ideal selection for the Accelerator!

1. Scalable network for web3 projects 

One primary reason behind the popularity of the [Polygon](/news/article/polygon-crypto) network is its scalability. It is a layer-2 solution for Ethereum which can support scalable web3 projects. Besides being an Ethereum Virtual Machine (EVM), it provides formidable security. 

The network offers an array of Ethereum solutions, which developers can use for varying needs. From PoS to the open-source EVM, all are impressive scalable solutions.

2. A cost-effective option for NFTs and GameFi

The Matic network costs are also on the lower side. It is the prime factor behind the Matic Disney union. As the entertainment platform is seeking its place in the non-fungible token NFT market, it can be pretty helpful. The firm can leverage the Matic blockchain to turn its famous characters into NFTs. And the low transaction fee can be a crucial selling point to entice the audience. 

Similarly, this feature can also be quite helpful in developing blockchain-based games. Polygon ecosystem has a variety of GameFi projects. These include notable games like Voxies, Rebel Bots, Pegaxy, Crypto Raiders, and others.

3. Polygon's alliance with other key players

The Matic Disney collab for the Accelerator program is not the only impactful partnership this protocol has. It enjoys alliances with many other key players in the industry, including one of the most impactful alliances with the social media and Metaverse giant [Meta](/news/tag/meta/2). Mark Zuckerberg's company recently rolled out a cross-posting feature using Polygon. 

Also, one of the largest NFT marketplaces, [OpenSea](/news/tag/opensea), integrates with Matic NFTs. Meanwhile, other noteworthy names include Reddit, Robinhood exchange, and Stripe partner with the Matic network. Which suggests it is a growing blockchain company in the industry.

4. Diverse ecosystem

Another reason Disney selected Matic for its Accelerator program is its complete and diverse network. It can be an ideal platform for various Decentralised Applications (DApps). Its suite has numerous solutions designed for developers' ease of integration. The ecosystem can support NFTs, GameFi, and other DeFi projects that align with the needs of Disney.  

## How beneficial will the Matic Disney union be?

For Matic, the Disney partnership means growth. The short-term gains are already quite evident. Before this announcement, the token was traded at only $0.4 starting in July. 

However, in mid-July, it started gaining positive momentum as the price approached $0.6. The price then appreciated to over $1 in August. And now its price has decreased to $0.75. Nonetheless, this is commendable as the crypto market is going through a severe winter. Moreover, it positions the crypto well for future gains.

The [prospects](/news/article/matic-price-prediction) also look pretty exciting for the blockchain. It may unlock an opportunity of turning Disney World's characters into live NFTs. Moreover, it may lead to creating a Disneyland Metaverse, where the audience can enjoy an AR-based immersive environment. It will likely introduce the Polygon network to a prominent entertainment industry audience. 



Matic Disney Collab: Why Polygon for Accelerator 2022?

[Polygon](/coins/matic) Crypto continues to play an integral role in the stimulation of mass adoption of digital assets by using its innovative technology to resolve scalability problems on many blockchains.

Polygon Crypto, as a layer-2 scaling solution protocol, was designed to simplify the usage of decentralised applications (dAPPs) on Ethereum and other applications from financial technology (FinTech) corporations.

As an alternative platform, Polygon Crypto facilitates 100% free, secure, and instant transactions. By solving the blockchain trilemma (scalability, security, and decentralisation), it is no surprise to see thousands of developers attracted to Polygon as the protocol meets all the essential components of the Web3 revolution.

Web3 has the primary aim of envisioning an internet that lessens the authority of big technology companies like Google and Facebook. Those companies that require us to hand them our personal information before we can use their respective products.

Web3 would be powered by artificial intelligence and blockchain technology. Cryptocurrency transactions are published on a public ledger that anyone with an internet connection can access. Web3 aims to lead the web on the same path so that activities online will be highly decentralised.

Since Ethereum has the first-mover advantage in creating smart contracts, Polygon crypto's innovation will help bring millions of users (developers, traders, stakers, decentralised finance fans, NFT lovers, and blockchain enthusiasts) to the world of Ethereum.

Aside from having the most total value locked (TVL) in the decentralized finance (DeFi) space, Ethereum remains the blockchain with the highest NFT sales in 2022. The four highest-selling NFT projects of all time - Axie Infinity (AXS), CryptoPunks, Bored Ape Yacht Club (BAYC), and Mutant Ape Yacht Club (MAYC) - are all housed in the ecosystem of Ethereum.

## How Would Polygon Crypto Bring the World to Ethereum? 

On December 17, 2021, there were some 3,734 blockchain apps, according to the State of the DApps. This number has increased substantially since new projects are added daily to the crypto finance space.

Per the data retrieved from DappRadar, as of May 2, 2022, there were more than 3,000 dApps on Ethereum. A substantial number of these dApps have been deployed on Polygon.

Since interoperability was once a problem among blockchains and their related applications, Polygon turns Ethereum into a blockchain internet as well as a multi-chain system that connects one decentralised application with the other.
Some of the dApps originally built on Ethereum that have migrated to Polygon include Ox Protocol, SushiSwap, 

KyberSwap, deBridge, Connext, 1inch Network, Wormhole, CelerNetwork, Beefy Finance, DODO, Bungee, Aave, TransitSwap, Synapse, Curve, Uniswap, and Balancer, among others.

The sole reason for the migration from Ethereum to Polygon is to improve scalability, which leads to low transaction fees. Polygon does this without compromising security since it is one of the attributes that makes blockchain technology highly efficient.

## How does Polygon Improve Decentralised Applications on Ethereum?

Through[ Polygon](https://www.polygon.com/) crypto’s complete suite of Ethereum-scaling solutions in the form of Polygon Proof-of-Stake (PoS), Polygon Hermez, Polygon Avail, Polygon Edge, Polygon Nightfall, Polygon Miden, and Polygon Zero, the performance of Ethereum dApps are highly improved.

Polygon PoS is an Ethereum Virtual Machine (EVM) – a compatible Ethereum sidechain secured by a set of PoS validators in a permissionless manner.

Polygon Hermez is an open-source zero-knowledge (ZK) rollup that is highly optimized for low-cost, usable, and secure token transfers on Ethereum. To put it simply, zero-knowledge-rollups combine a substantial number of layer2 transactions executed off-chain and submit them as a single transaction onto the blockchain of Ethereum.

Polygon Avail can be highly beneficial to Ethereum developers searching for off-chain scaling solutions.

Polygon Edge has an extensive and modular framework that plays an invaluable role in building public and private blockchain networks that are compatible with Ethereum.
Polygon Nightfall is similar to Polygon Hermez as it also employs zero-knowledge cryptography (zk-rollup) in addition to optimistic rollups. With this combination, the Nightfall provides a unique scaling solution.

Polygon Miden provides support for arbitrary smart contracts through its STARK-based zk-rollup.

Lastly, Polygon Zero employs an Ethereum-compatible zero-knowledge rollup that is highly scalable.

As an Ethereum-friendly solution, Polygon will bring more people to Ethereum because developers do not need to have protocol-level knowledge.

Therefore anyone who has an idea of how to improve the current financial systems which will make the underbanked and unbanked financially inclusive can develop an application.
What’s more, there are no permission, fees, or token deposit requirements. Anyone is welcome to build highly scalable applications using the Polygon suite of scaling solutions.
Polygon crypto, like several projects in the stratosphere, was launched with a governance token which can also be used as a utility coin.

This is the native asset of the Polygon network that oversees all transactions in the ecosystem. Called MATIC, it plays an invaluable role in helping holders contribute to decisions and adds value to the Polygon crypto market.

With Polygon crypto's impact on Ethereum and Web3, will MATIC rise to new milestones in the future?

## Is Polygon Crypto (MATIC) a Good Investment?

Should you consider adding digital asset MATIC to your portfolio of investments? Its issuing authority, Polygon, helps more than 19,000 applications scale their performance. This is in line with Polygon’s commitment to fostering the growth of Web3 applications through the provision of the needed infrastructure.

You should also note that lower gas fees (transaction fees on Ethereum) and faster transactions are the reasons hundreds of Web3 projects initially housed on the Ethereum network are migrating to Polygon.

Aside from the dApps earlier mentioned, NFT marketplace OpenSea and Dolce and Gabbana use the possibilities of Polygon to improve their networks.
Some reasons why you should consider buying Polygon crypto…

### Polygon (MATIC) is Highly Undervalued

One of the questions we continue to see on search engines is 'can MATIC reach $100?'. MATIC could exchange hands for $100 in the future if traders and investors understand Polygon crypto's purpose and impact on the market.

MATIC became a tradable token in April 2019.  On April 28, 2019, MATIC opened with a trading price of $0.004521. The native asset of the Polygon ecosystem traded for a coin at $0.01381 on the last day of 2019.

At the peak of the coronavirus pandemic, there was a plunge in the prices of cryptocurrencies. As a result, MATIC was impacted negatively; it closed the first quarter of 2020 on March 31 with a trading price of $0.01078.

After institutional investors started taking a stake in digital assets in the crypto finance market, the price of polygon MATIC crypto made gains. The coin closed at $0.02036 on June 30 and ended the year with a price of $0.01763.

Billed as the best year for cryptocurrencies, 2021 saw MATIC reach one milestone after the other. Polygon cryptocurrency opened the year at $0.1763 and increased by 1,941% to close out the first quarter of 2021 at $0.3599.

After Elon Musk announced support for bitcoin (BTC) as a payment method for Tesla products in April 2021, there was a spike in the price of digital assets. MATIC was impacted positively and this led to a new all-time high price of $2.68 in May. In the month's second week, bearishness took over the market, leading to a decline in the new high to $1.17 to close out June 30.

After the markets recovered in November, MATIC saw huge investor interest which took its price close to $3.

As of May 2022, MATIC continued to trade below its all-time high price of $2.92 recorded in December 2021. At time of writing, MATIC was trading far below $3 and had more than $8 billion as market capitalisation.

This categorizes Polygon crypto as a medium-cap digital asset. A project such as Polygon should command a relatively higher price.

More than 78% of MATIC are in circulation, with only 22% left untapped. In the future, should scarcity take hold of MATIC, there could be a substantial rise in the price of the cryptocurrency.

MATIC appears highly undervalued, putting it on the radar of investors who want to transform their portfolios.

## Polygon Crypto has a High Security Score from CERTIK 

Assessing the security of the project is essential before you decide to invest in MATIC polygon crypto.

As the leading security-focused ranking platform that monitors and analyses decentralised finance projects and blockchain protocols, CERTIK is the most trusted security firm for crypto auditing.

After thoroughly analysing the Polygon crypto, CERTIK gave the project a high security score.

Polygon crypto had a score of 85 for static analysis (vulnerability and security checks).

The project had a score of 88 for on-chain monitoring, 91 for social sentiment, 92 for governance and autonomy, and 82 for safety assessment.
Overall, CERTIK gave Polygon crypto a security score of 98 based on market volatility.

Cryptocurrencies are highly volatile. Being positively associated with indicators such as depth, liquidity, and volume bodes well for the entire Polygon ecosystem.
This makes Polygon (MATIC) a sound like a safe investment.

## Polygon Crypto is Highly Accessible 

You do not want a situation where you are interested in a cryptocurrency that is not easily found online. As of May 2022, there are around 86 cryptocurrency exchanges (centralised and decentralised) that support MATIC trading.

Some of the exchanges include Binance, OKX, Coinbase Pro, DigiFinex, Huobi Global, FTX, eToro, Uniswap V3, and Crypto.com.

These are the biggest exchanges in terms of the daily trading volume. Investing in MATIC means that you are part of millions of people who believe in the potential of Polygon cryptocurrency in the short, medium, and long term.

Since MATIC is highly accessible, it explains the billions of dollars in volume poured into the token daily. 

## MATIC Has Positive Reserve Risk 

Reserve risk analysis ends with two essential factors; is it an attractive or unattractive investment.

A digital asset can be an attractive investment if investor confidence remains high despite the low trading price of that particular asset.
On the other hand, if investor confidence remains low while the price of a particular asset remains high, such an asset becomes an unattractive investment.
We can infer from the two factors that MATIC is an attractive investment.

Since January 1, 2022, the lowest trading volume recorded for Polygon cryptocurrency was $300 million. The rest of the days have seen more than $800 million.
This means that holders of MATIC believe the coin could have a higher trading price than what it is currently trading for.

They have an eye on the long term and can be said to be HODLing MATIC for future gains. 

## Should You Buy Polygon Crypto MATIC?

You should be aware of the risk factors involved in buying Polygon crypto as well as the potential rewards.

MATIC continues to remain inconsistent with its price performance. So far, MATIC has been impacted positively by the migration of Ethereum dApps to its scaling platform.

Most of the applications originally built on Polygon do not have the mileage of the dApps on Ethereum and other blockchain networks. As a result, they do little to impact Matic's price.

With that said, you can buy a substantial number of MATIC with a smaller capital.

Polygon continues to form partnerships outside Ethereum. Institutional investors such as Grayscale created a Trust for MATIC which has increased the popularity and credibility of the project.

MATIC has brought gains to several investors. Who knows, MATIC could be the cryptocurrency you have been searching for all these years.



Polygon Crypto Bringing the World to Web3

## What Is Polygon (MATIC)?

Before we look at the [MATIC](/news/article/polygon-crypto) price prediction, let's examine the system.

Matic Network, launched in October 2017 and rebranded to Polygon in February 2021, was co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, two professional blockchain creators and a business counselor. It is the first systematised, manageable platform for Ethereum scaling and infrastructure expansion. Polygon SDK, a modular, adjustable framework, is the main feature that sustains creating various kinds of applications.

Polygon successfully alters Ethereum into a proficient multi-chain system (Internet of Blockchains). This multi-chain blockchain design is similar to other ones such as Polkadot, Cosmos, and Avalanche, with the benefits of Ethereum's security, rich environment, and vulnerability.

Using the Polygon, developers can build promising rollup chains, ZK rollup chains, stand-alone chains, or any other infra needed.

The $MATIC token will persist and play an increasingly significant role in encouraging governance and securing the system.

Polygon, formerly known as Matic Network, is a Layer 2 scaling solution supported by Binance and Coinbase platforms. The project aims to promote the massive acquisition of cryptocurrencies by fixing scalability problems on multiple blockchains.

Polygon integrates the proof-of-stake blockchain architecture and the Plasma Framework. The framework operated by Polygon, as stated by the co-founder of Ethereum, Vitalik Buterin, authorizes the manageable implementation of scalable and independent intelligent contracts.

With Polygon, new components are being created around the current, proven technology to extend the capability to cater to the various requirements of the developer ecosystem. Polygon will persist in developing the core technology to rise to a more extensive ecosystem.

The Plasma framework allows Polygon to accommodate an endless number of decentralized apps on their infrastructure without undergoing the typical disadvantages of proof-of-work blockchains. So far, Polygon has drawn more than 50 DApps to its PoS-guarded Ethereum sidechain.

The native token of Polygon, MATIC, is an ERC-20 token operating on the Ethereum blockchain. The token is used for Polygon payment services and as a settlement coin between users who work within the Polygon ecosystem. Trading fees on the Polygon sidechains can also be paid with these tokens.

## Price Prediction

Polygon (MATIC) has been running down by 3.71% over the previous seven days. The price dropped by 1.78% over the last 24 hours. In just one hour, the price has gone down by 0.86%. The current price per MATIC is $1.6384. Polygon is running 43.89% down from the all-time high of $2.92. The current circulating reserve of the MATIC coins is 7,758,492,080.62.

## Highlights of Polygon(MATIC)

•	Polygon raised about $450 million via a private deal of its native MATIC token in a funding round conducted by Sequoia Capital India with participation from SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital, and renowned investors like Alan Howard (co-founder, Brevan Howard) and Kevin O'Leary (Mr. Wonderful from ABC's Shark Tank).

•	Gamma is going live on Polygon. It is an operational liquidity administration platform for Uniswap v3, delivering non-custodial, automated, concentrated liquidity management services.

•	SynFutures has evolved as the most significant derivatives-based decentralized exchange (DEX) on the Polygon network, with a moderate monthly market volume closing of $1 billion.

•	Stader Labs' liquid staking solution is advancing soon to Polygon. This will allow MATIC coin holders to open liquidity and leverage their funds in one of 7,000 Polygon-based GameFi and DeFi apps — all while staying staked!
 



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