Ethereum Competitor Polygon (MATIC) Signs Deal With Web Browser in Push to Onboard Millions of New Users

By Daily Hodl Staff

Ethereum (ETH) layer-2 solution Polygon (MATIC) is teaming up with a prominent software company to bring Web3 functions to its web browser.

In a new blog post, Polygon details how it will be working together with Opera Software to bring decentralized applications (DApps) over to the Opera web browser.

“Polygon is coming to the Opera browser in a partnership that can potentially onboard millions of users into Polygon’s ecosystem of decentralized apps.

Opera will integrate the Polygon blockchain in their Web3-ready browser and its built-in crypto wallet on Android in the first quarter of 2022. The integration will enable Opera’s users’ in-browser access to over 3,000 dApps on the Polygon network.”

Some marquee 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 such as 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 their partnership with Opera can solve this problem.

“Opera’s non-custodial crypto wallet already supports the Ethereum Web3 API, making interacting with these DApps seamless to the user.

Adoption of Web3 crypto wallets has been handicapped by high gas fees on the Ethereum layer-1. Polygon has stepped in with a broad range of scaling options and some of the industry’s lowest transaction rates.”

Polygon’s announcement comes on the heels of them creating a $200 million fund with social giant Reddit in order to bring social media and games over to the blockchain.

The popular altcoin’s recent collaborations, along with its push to improve its scaling solutions in the form of zero-knowledge (ZK) rollups which bundle and verify hundreds of transactions off-chain, have some analysts predicting that MATIC will rally in 2022.

MATIC is exchanging hands at $2.68 as of writing, a 36% increase from its seven-day low of $1.97.

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