{"id":310384,"date":"2023-05-04T07:00:39","date_gmt":"2023-05-04T01:30:39","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=310384"},"modified":"2023-05-03T16:08:59","modified_gmt":"2023-05-03T10:38:59","slug":"as-polygon-launches-the-first-nft-collection-on-zkevm-can-it-spur-matic","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/as-polygon-launches-the-first-nft-collection-on-zkevm-can-it-spur-matic\/","title":{"rendered":"As Polygon launches the first NFT collection on zkEVM, can it spur MATIC"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Polygon\u2019s NFT trade count declined last week, and sales volume also went down marginally.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">MATIC\u2019s price registered an uptick, and its demand in the derivatives market increased.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Polygon\u2019s [MATIC]<\/span><span style=\"font-weight: 400;\"> NFT space witnessed a decline over the last seven days. Santiment\u2019s chart revealed that Polygon\u2019s total NFT trade count went down sharply over the last week. Moreover, NFT sales volume registered a marginal decline last week, as evident from CRYPTOSLAM\u2019s<\/span><a href=\"https:\/\/www.cryptoslam.io\/blockchains\/polygon\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<figure id=\"attachment_310385\" aria-describedby=\"caption-attachment-310385\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023.png\"><img decoding=\"async\" class=\"wp-image-310385 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-14.02.11-03-May-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-310385\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are<\/span> <span style=\"font-weight: 400;\">1,10,100 MATICs worth today<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<h4><strong>A closer look at Polygon\u2019s NFT space<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ambcrypto.com\/polygon-matic-will-defi-achievements-be-enough-to-save-the-token-from-bears\/\" target=\"_blank\" rel=\"noopener\">Polygon<\/a>\u2019s NFT space might witness a boost over the coming days, as on 2 May the protocol announced the launch of the first NFT collection on the zkEVM mainnet. This launch has the potential to increase sales and trade counts. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc8c Dear \u2018To Ethereum, with Love\u2019 Soulbound Token holders,<\/p>\n<p>Check your wallets &#8211; The first <a href=\"https:\/\/twitter.com\/hashtag\/zkEVM?src=hash&amp;ref_src=twsrc%5Etfw\">#zkEVM<\/a> Mainnet Beta NFT collection is here, and it\u2019s landed in your wallet \ud83d\udc40 <a href=\"https:\/\/t.co\/l0qGO8C6kf\">pic.twitter.com\/l0qGO8C6kf<\/a><\/p>\n<p>&mdash; Polygon | POL (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1653466445924167680?ref_src=twsrc%5Etfw\">May 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The official tweet mentioned that token IDs #80001+ will receive &#8220;Unconstrained&#8221;, token IDs #20001-#80000 will receive &#8220;Scalability&#8221;, and token IDs #1-#20000 will receive &#8220;For Mankind&#8221; NFTs. With this new launch, growth in Polygon\u2019s NFT ecosystem can be expected, as it might attract new users.<\/span><\/p>\n<h4><strong>zkEVM\u2019s state as it launches new NFTs<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">zkEVM\u2019s performance was declining for quite some time now as its key metrics dwindled. For instance, the number of unique depositors and deposits on zkEVM remained low.\u00a0<\/span><\/p>\n<figure id=\"attachment_310387\" aria-describedby=\"caption-attachment-310387\" style=\"width: 1697px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1.jpg\"><img decoding=\"async\" class=\"wp-image-310387 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1.jpg\" alt=\"\" width=\"1697\" height=\"512\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1.jpg 1697w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1-300x91.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1-1024x309.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1-768x232.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Dune-MATIC-1-1536x463.jpg 1536w\" sizes=\"(max-width: 1697px) 100vw, 1697px\" \/><\/a><figcaption id=\"caption-attachment-310387\" class=\"wp-caption-text\">Source: Dune<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Gas usage also<\/span><a href=\"https:\/\/zkevm.polygonscan.com\/chart\/gasused\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">declined<\/span><\/a><span style=\"font-weight: 400;\"> over the past few weeks, suggesting less use of the platform. However, the good news was that after a steep decline, daily transactions on zkEVM showed signs of recovery as the graph registered an uptick lately.\u00a0<\/span><\/p>\n<figure id=\"attachment_310388\" aria-describedby=\"caption-attachment-310388\" style=\"width: 1677px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan.jpg\"><img decoding=\"async\" class=\"wp-image-310388 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan.jpg\" alt=\"\" width=\"1677\" height=\"692\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan.jpg 1677w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan-300x124.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan-1024x423.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan-768x317.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygonscan-1536x634.jpg 1536w\" sizes=\"(max-width: 1677px) 100vw, 1677px\" \/><\/a><figcaption id=\"caption-attachment-310388\" class=\"wp-caption-text\">Source: Polygonscan<\/figcaption><\/figure>\n<h4><strong>MATIC is recovering\u00a0<\/strong><\/h4>\n<p><a href=\"http:\/\/ambcrypto.com\/matic-drops-into-consolidation-zone-but-can-the-bulls-trigger-a-pivot\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">MATIC<\/span><\/a><span style=\"font-weight: 400;\">, which has been facing the wrath of the bears for quite a few days, also gave hope for brighter days. According to<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, MATIC\u2019s price increased by more than 2% in the last 24 hours. At the time of writing, it was trading at $0.983 with a market capitalization of over $9 billion.<\/span><\/p>\n<h4><strong>Is MATIC&#8217;s price hike sustainable?<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Matic&#8217;s demand in the futures market increased, as evident from its green Binance funding rate. Net deposits on exchanges were<\/span><a href=\"https:\/\/cryptoquant.com\/asset\/matic\/summary\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">low<\/span><\/a><span style=\"font-weight: 400;\"> compared to the 7-day average. This can be interpreted as lower selling pressure. However, apart from these, most metrics were against a price hike.\u00a0<\/span><\/p>\n<figure id=\"attachment_310390\" aria-describedby=\"caption-attachment-310390\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023.png\"><img decoding=\"async\" class=\"wp-image-310390 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.21.15-03-May-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-310390\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">MATIC market cap in BTC<\/span><\/a><span style=\"font-weight: 400;\">&#8216;s terms<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">MATIC\u2019s network growth declined, hinting that fewer new addresses were used to transfer the token. Whales&#8217; interest in Polygon also seemed to have declined. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another bearish indicator was an uptick in<\/span><a href=\"http:\/\/ambcrypto.com\/matic-will-stablecoin-volume-surge-help-polygon-conquer-l2-space\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">MATIC<\/span><\/a><span style=\"font-weight: 400;\">\u2019s supply on exchanges. This was accompanied by a decline in the token\u2019s supply outside of exchanges, which is a typical bearish signal.\u00a0<\/span><\/p>\n<figure id=\"attachment_310391\" aria-describedby=\"caption-attachment-310391\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023.png\"><img decoding=\"async\" class=\"wp-image-310391 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/05\/Polygon-on-Ethereum-MATIC-15.23.03-03-May-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-310391\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Polygon\u2019s NFT ecosystem might witness growth as it launched the first NFT collection on the zkEVM mainnet. MATIC\u2019s response was positive, as its price increased in the last 24 hours.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":310393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4029,4,20],"tags":[1266],"class_list":["post-310384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-nft","category-social","category-trading-view","tag-matic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>As Polygon launches the first NFT collection on zkEVM, can it spur MATIC - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Santiment\u2019s chart revealed that Polygon\u2019s [MATIC] total NFT trade count went down sharply over the last week, which did not look good.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/as-polygon-launches-the-first-nft-collection-on-zkevm-can-it-spur-matic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Polygon launches the first NFT collection on zkEVM, can it spur MATIC - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Polygon\u2019s NFT ecosystem might witness growth as it launched the first NFT collection on the zkEVM mainnet. 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