Polygon Blockchain is predicted to play a leading role in the cryptocurrency industry

Analytical company Bernstein has published a report praising the Polygon ecosystem for «taking the right steps in blockchain development.» The analysts claim that the Polygon blockchain can become one of the leading ecosystems in the future, playing a particularly important role in the transition of traditional financial companies to Web3 technologies.

«The Polygon team has done two things right: aggressively recruiting professionals from large tech companies like YouTube, Amazon, and Airbnb, and partnering with consumer-facing brands. These steps have made Polygon a unique platform used by millions of users to get started with Web3. And MATIC’s recent price increase is a fair reward from the market,» Bernstein said.

However, Bernstein experts criticized Polygon for its tie to the Ethereum blockchain, as parasitizing on another blockchain can have a bad effect in the long run.

As a reminder, the digital Brazilian bank Nubank has announced plans to issue its own cryptocurrency as part of a new customer incentive program supported by Polygon Technology. The American investor Warren Buffett, a passionate opponent of cryptocurrencies, even took part in the project and invested some of his own funds in the development of a new digital asset.