"Investors think this cooperation can make the price go up?"
MATIC cryptocurrency founder Polygon Labs has entered into an agreement with Google Cloud as part of a long-term strategic partnership to further expand their ecosystem.
Explained in more detail, cloud computing technology leader Google will update the Blockchain Node Engine so that they can support Polygon which is a layer-2 solution on Ethereum.
According to Ryan Wyatt, President of Polygon Labs said that the collaboration aims to improve transaction processing and encourage more businesses to adopt blockchain technology through its network.
In addition, Google Cloud intends to expand its infrastructure to support zkEVM that has been launched by Polygon, which is a scalable solution for decentralized applications or better known as Dapps.
By the end of the third quarter, it will also help creators use blockchain-based applications built through Polygon's technology on their servers.
Following the latest news, the MATIC community is of the view that the price can see a drastic increase in the future because it will create more utility than the increase in the number of nodes or applications.
In the meantime, startup companies supported by Polygon Venture, which is a venture capital firm to help build new decentralized applications on ETH and Polygon are fully eligible to participate in Google Cloud's Web3 startup program.
As of this writing, MATIC price is up 1.86% at $1.01 in the last 24 hours with a market capitalization of $9 billion but still saw a decline of around 2.74% over the last week.
