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Coinbase Ventures invested in the Matter Network of Ethereum project. The currency increases by 22%



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The division of companies of the company of cryptomoneda Coinbase participated in the cycle of financing of the project Matic Network.

According to Matic Network, the collected funds will contribute to the development of Scalable solutions of Ethereum and the massive adoption of decentralized applications.

Matic Network is a second layer solution for Ethereum with support for the Plasma frame and the decentralized network of PoS validators. The project aims to use side chains for offline computing.

In addition, Matic Network is planning to integrate the changes of USDC and DAI journeys to the side chains. The project's representatives trust that this approach will increase the possibilities of commercial operations with DApps and will reduce the risk of volatility.

Portfolio users of an American company will be able to use Matic Network solutions to instantly send and market instantly. At the same time, DAic based on Matic will be available directly from the Coinbase Wallet.

In the table of Exchange Binance, it is observed that the price reacted positively to this news:

TradingView MATIC / BTC Hour Chart

According to CoinMarketCap, the MATIC witness rate has increased 22% over the last 24 hours.

Recall that the IEO project from Matic Network took place a week ago on the Binance Launchpad platform.

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