Savage, a streaming application operating on the Polygon network, has partnered with Samsung, a leading producer of electrical gadgets, in order to provide Web3 users access to high-quality images & videos. In a statement on Twitter, the streaming protocol stated that its cooperation with the company would assist in the enhancement of the Web3 solutions that it currently provides.
Polygon-based Savage Partners With Samsung
Savage claims that its Smart TV app is able to assist in the seamless integration of an IRL display. In addition to this, the app is protected by rights-managed contracts that are integrated into the metadata, and as a result, it has the potential to reach more than 25 million households.
In addition to that, it gives customers the ability to access high-quality uploads from any marketplace. As stated in the most recent post made by Savage, the maximum size of these uploads is 8K. On the other side, the blockchain-powered streaming app will have access to Samsung’s massive audience from all over the world.
— Polygon – MATIC 💜 (@0xPolygon) January 4, 2023
Polygon’s Growing Applications
Polygon has retained its commitment to fostering the growth of DeFi applications. With a strong acceptance rate, Polygon now houses over 53,000 decentralized projects as of the time of this publication. It has been reported that in the year 2022, Polygon was responsible for the facilitation of over 960 million transactions, the deployment of 778,000 smart contracts, and the involvement of 234,000 contract creators.
Read More: What’s Making Cardano (ADA) Price Rally Over The Likes Of Dogecoin & XRP?
It has only been a few short months since Samsung and Google announced an expansion of their collaboration to enhance the smart-home experience. In order to strengthen its position in the market and maintain its standing as a household name in the electronic goods and technology industries, Samsung has been actively forming strategic partnerships.
Additionally, in November, Meta released a toolset that allows Instagram users to mint and sell NFTs through the Polygon platform. As a consequence of this, content creators on Instagram are now able to design and sell their digital collectibles both within the platform and even outside.
As things stand, the price of Polygon (MATIC) is currently being traded at $0.80. This represents an increase of 3.8% in the past 24 hours, in contrast to an increase of 2.27% during the last seven days, as per crypto market tracker CoinMarketCap.
Also Read: What Are Music NFTs? How Are They Changing Music Industry?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.