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MATIC rallies as Polygon’s Web3 Hackathon in India comes to a close

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Polygon’s BUILDIT Web3 hackathon in India comes to a close, with MATIC rallying by more than 11% in the past 24 hours.

Polygon announced that it has concluded the BUILDIT Web3 hackathon it organized in India. The developers said the responses it received from the event were overwhelming and the closing awards ceremony will take place tomorrow, December 22.

During the event, the Polygon team announced that MG Motors became the first auto brand in India to launch its own collection of NFTs on the NGAGE NFT platform built on the Polygon blockchain.

MATIC, the native coin of the Polygon blockchain, is up by more than 11% so far today as the broader market slowly recovers. 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.