Polygon (MATIC) has experienced an increase of up to 5 percent in the last 24 hours. Today, it broke away from the continuous downward trend in the market as it changed hands at a price of $0.5554. The current outlook also shows that Polygon is on a springboard when the seven-day outlook is put into proper perspective.
NFT partnership between Polygon and G-Shock
Polygon's resurgence hinges specifically on its recent partnership with electronics manufacturer Casio, which will kick off the iconic G-Shock watch's transition to non-fungible tokens (NFTs) generators on its Layer 2 scaling solution. The Creator pass will give innovators access to a dedicated Discord channel for the project.
According to the update, there will be approximately 15,000 NFT-based G-Shock creator cards that users can start claiming starting September 23. There are different distribution phases for G-Shock NFT cards, and Casio customers with the company's Casio ID can be part of the pre-distribution phase from September 23-26, while the general public can participate in the NFT distribution phase from September 26-29.
As Casio states, the main goal behind G-Shock NFT passes is simplicity and inclusivity, underlining why the firm chose Polygon as its chain of choice.
Polygon's growing ecosystem
Polygon is poised for further rises in the near future thanks to its growing ecosystem. Over the past year, the altcoin has been adopted by more institutions entering the broader Web3.0 ecosystem to launch NFT participation migrations.
With this adoption of the altcoin, demand for MATIC will increase in the near term, putting upward pressure on the price. The altcoin is trading around 81 percent below its all-time high (ATH). This suggests that he has greater inclination to accommodate the growth that will come to the ecosystem through a number of partnerships across the board.