By Nathan Ferguson
Polygon (MATIC), an Ethereum-based layer-2 solution, is collaborating with a well-known software firm to incorporate Web3-based functions into the web browser thereof. In the latest blog post, the details have been provided by Polygon about its working in collaboration with Opera Software for the installment of DApps (decentralized applications) on the web browser Opera. With the respective collaboration, several million consumers could be brought to the DApp ecosystem of Polygon.
The Polygon blockchain will be integrated by Opera in the Web3-ready browser as well as the integral crypto wallet thereof during the initial quarter of the next year. This integration will allow the consumers of Opera to access more than 3,000 dApps over the network of Polygon. A few of the marquee DApps associated with Opera browser take account of SushiSwap (an automated market developer), Curve (a decentralized exchange focusing on stablecoins), and Aave (a lending and borrowing protocol), and the Decentraland as well as Sandbox (the famous games based on blockchain) along with OpenSea and other such NFT (non-fungible token) marketplaces.
Opera, the company that created its built-in wallet of cryptocurrency in 2018, already has support for the web3 programming interface of Ethereum however it experiences some high gas charges over the transactions, as per Polygon. Nevertheless, it is considered by MATIC that their collaboration can provide the solution for this issue. The non-custodial wallet of Opera for cryptocurrency already has compatibility with the Web3 API of Ethereum, providing a consumer with seamless interaction with such DApps.
Adoption of web3-based wallets of cryptocurrency has suffered from the plight of excessive gas charges on Ethereum’s layer-1. Thus, Polygon has moved to a wide list of scaling possibilities and a few of the industry’s lowest fees over transactions. The declaration of Polygon after it has created a fund of up to $200 million in association with Reddit (a social media giant) to take more games and social media on the blockchain.
The recent well-known altcoin collaborations, apart from the requirements to enhance the scaling solution thereof in a ZK (zero-knowledge) rollups form which combines and verify numerous off-chain transactions, have been anticipated by a few of the analysts to perform exceptionally well in the coming year. MATIC is presently trading at approximately $2.68 (which is 36% above its seven-day long plunge at $1.97.