“Daimler”, part of the Mercedes-Benz Group, has announced that they will leverage Polygon, the Ethereum Layer-2 scalability platform, to launch its product in South East Asia.

Mercedes-Benz Group, which took the first steps to create a data sharing network based on the blockchain thanks to Polygon, has made the popular altcoin have active hours as of today.

This new data sharing platform, called Acentrink, will allow businesses to buy, sell and trade data in a decentralized environment. This new platform will be made possible through a partnership between Daimler's South East Asia team and the Polygon team.

mercedes benz

This new platform, called Acentrink, will allow users to optionally track their insurance information, clinical experience and many critical data.

The founding partner of Polygon announced the Mercedes-Benz partnership on its official Twitter account. After this announcement, Polygon CEO also made statements:

   “This move proves to the world the widespread adoption of the Polygon network by top brands. Polygon continues to showcase its potential as one of the best blockchain platforms businesses can trust.”

Describing Polygon as one of the best blockchain platforms, CEO Ryan Wyatt has made many crypto investors focus and buy MATIC.

The latest situation in the altcoin market

Ethereum (ETH) moved more heavily in the hours that followed after rising to $1,784 yesterday, with an increase of more than 5% in value. Ethereum slumped as high as $1,664 as the sell-off towards US trading hours increased its strength. On the other hand, the second largest cryptocurrency saw a serious rise in July, increasing its value by 56 percent on a monthly basis.

Altcoins-10

According to the last 24-hour price action among the top 10 cryptocurrencies, BNB stands out with an increase of 5.7 percent. BNB has seen a correction to $283, with the selloff coming after peaking at $293 today. Other high-capital cryptocurrencies, on the other hand, are progressing with an increase of 2 - 3.5 percent compared to yesterday on the last business day of the week.

Among the top 100 cryptocurrencies ranked by capital value, Ravencoin (RVN), Bitcoin Gold (BTG) and Ethereum Classic are among the top three cryptocurrencies today. RVN has seen 32 percent gains, BTG 22 percent and ETC 19 percent gains in the last 24 hours. The highest value losses in high-capital cryptocurrencies remained in the 1 percent band. Altcoins that have seen limited declines today continue as Trust Wallet Token (TWT), Unus Sed Leo (LEO), Kusama (KSM) and ThorChain (RUNE).