The venture division of the cryptocurrency company Coinbase took part in the sowing round of financing the Matic Network project.

Matic is proud to announce @coinbase ventures as our seed investor.
Coinbase team supporting us and aiming for work towards realizing mutual network effects.

Of pic.twitter.com/VKckY43YTn

– Matic (@maticnetwork) 30 April 2019 p.

According to Matic Network, the funds raised will contribute to the development of scalable Ethereum solutions and the mass adoption of decentralized applications.

Matic Network is a second layer solution for Ethereum with support for the Plasma framework and the decentralized network of PoS validators. The project intends to use sidechains for offline computing.

Also, Matic Network is planning to integrate the USDC and DAI sidechinks into the sidechains. Representatives of the project are confident that this approach will expand the possibilities of commercial operations using DApps, as well as reduce the risk of volatility.

– To enable real world commerce Matic will be integrating USDC on its sidechains
– Coinbase online wallet users online
– DApps deployed on Matic will be easily accessible from Coinbase Wallet

– Matic (@maticnetwork) 30 April 2019 p.

Wallet users from a US company will be able to use Matic Network solutions for instantly sending and trading assets. At the same time, DAic based on Matic will be available directly from the Coinbase Wallet.

On the chart of the Binance Exchange, it is noticeable that the price reacted positively to this news:

TradingView MATIC / BTC Hour Chart

According to CoinMarketCap , over the past 24 hours, the rate of the MATIC token has increased by 22%.

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

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