![]() We’re testing these new features with a small group of creators in the US first, and hope to expand to more countries soon… People can easily support their favorite creators by buying their digital collectibles directly within Instagram. They’ll have an end-to-end toolkit - from creation (starting on the Polygon blockchain) and showcasing, to selling. “ Creators will soon be able to make their own digital collectibles on Instagram and sell them to fans, both on and off Instagram. The first item on his reasons to be bullish list relates to a press release that Meta issued on 2 November 2022, which stated: Facilitated JP Morgan’s first ever DeFi trade.Meta/Instagram partnership for collectibles.$MATIC is one of the best safer holds for next cycle. Well, earlier today, Deutscher took to Twitter to explain to his 234K followers why $MATIC “is one of the best safer holds for next cycle.” This also means that Polygon is paying Ethereum to use its blockspace (in ETH) & paying for it to secure the contracts & checkpointing.“ “ This has 2 benefits: it provides Ethereum-based finality to the PoS chain & it can help the chain recover in case of catastrophic event.Secondly, the PoS chain actually commits/checkpoints itself to Ethereum every so often.“ “ This means that if the Ethereum network went offline, the Polygon PoS chain would also go offline.It relies on Ethereum because all of the validator/staking logic for the PoS chain lives as a smart contract on Ethereum.“ ![]() “ The PoS chain goes beyond a standard sidechain and actually relies on and commits itself to Ethereum (what some people may call a ‘commit-chain’).“ The PoS chain is what people refer to as a ‘sidechain’ to Ethereum because it has its own permissionless validator set (100+ who are staking MATIC) which means it doesn’t use Ethereum’s security (aka Ethereum’s PoW).“.The vast majority of the activity is happening on the PoS chain.“ “ There is the Matic Plasma Chain and the Polygon PoS chain.Below are a few highlights from that Twitter thread: some people refer to Polygon as a sidechain to Ethereum, while others call it an L2 blockchain). On, Independent Ethereum educator, investor and advisor Anthony Sassano took to Twitter to clear up some of the confusion around Polygon (e.g. Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.” The Polygon Lightpaper describes Polygon as “a protocol and a framework for building an connecting Ethereum-compatible blockchain networks.” On Monday (7 November 2022), Australian crypto investor and analyst Miles Deutscher explained why he is so bullish on $MATIC, the governance and utility token of the Polygon network.
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