Polymarket enters into partnership with X, Elon Musk’s social media platform. The partnership does not yet have much detail, but it has already caused an impact on the market.
The Polygon price has jumped considerably after this news.
Polymarket is associated with X
Polymarket, a large online prediction market, did not have many previous interactions with X. However, its new historic alliance with Elon Musk is a major development of the market. Promising to become the “official partner of the official prediction market” of the social network, Polymarket teased during future earnings:
The details are still under the Wraps, but the two companies have said that the coasts and widgets of Polymarket will soon appear inside X posts and live, allowing users to play on everything, from the American elections to the sports finals with a few taps. Polymarket was built on Polygon, an L2 scaling solution based on Ethereum, and its token immediately generated after the announcement.
Whatever the specific plans that Polymarket and X have for their continuous partnership, it has the potential to considerably modify the cryptographic ecosystem.
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