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The MATIC coin soars following a collaboration with Meta and JPMorgan

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The MATIC coin of the Polygon chain jumped by about 24 percent in one day following the recent news that the blockchain is being adopted by 2 of the largest corporations in the world.

Meta, the company that owns Facebook and Instagram, reports that it will use Polygon’s blockchain to sell and mint NFTs within Instagram.

In addition, JPMorgan also announced that it successfully executed the first DeFi trade of its kind on the Polygon network as part of a project involving 2 large banks in Japan and Singapore.

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