Crypto Basics

What is Polygon (MATIC) - How it Works, Benefits and Use Cases

Learn everything about Polygon (MATIC) crypto including its benefits and use cases.
Token Metrics Team
7 minutes
MIN

Polygon (formerly known as Matic Network) is a protocol for building and connecting Ethereum-compatible blockchain networks. It is designed to provide faster and cheaper transactions on the Ethereum network by using side chains and an adapted version of the Plasma framework.

It also offers a wide range of:

  • Smart contract solutions 
  • Secure identity solutions, and 
  • Wallet solutions. 

History of Polygon (MATIC) Crypto

The history of Polygon Matic dates back to 2017 when the project was founded by Jaynti Kanani and Sandeep Nailwal. In 2021, the project took up a rebranding and went from Matic Network to Polygon. This was done in the light of reflecting a broader focus on providing infrastructure for a wide range of blockchain use cases.   

With Polygon MATIC, users can easily create and manage their own decentralized applications, securely store and transfer assets, and even trade digital assets. With its powerful features and benefits, Polygon MATIC can be a great tool for you to leverage the power of the blockchain. Find out how it can benefit you in the best ways possible below.

Benefits of Polygon

Polygon MATIC has several benefits that make it a great blockchain solution. Here are a few of its top benefits that you need to be aware of: 

  • Scalability - Polygon MATIC has high scalability and can support millions of users and transactions. It can also scale at a very low cost. This means that it can handle high transaction volumes and can support a large user base.
  • Security - Polygon MATIC is a secure platform with state-of-the-art security features. You can easily secure your data and transactions on the platform through the use of the platform’s security features. 
  • Wide range of services and tools - Polygon MATIC offers a wide range of services and tools that can benefit different types of users. Whether you are a developer, an individual, or a business, Polygon MATIC can help you with your decentralized applications and smart contracts.
  • Cost-effective and scalable solutions - With Polygon MATIC, you can easily and cost-effectively deploy various decentralized applications. It also offers scalable solutions that can grow and evolve with your business.

Polygon Use Cases

  • E-commerce and Online Retail - The Polygon MATIC blockchain can help improve e-commerce and online retail. This is because distributed ledger technology can significantly reduce the cost of transactions and make it easier for businesses to manage their supply chain. 
  • Supply chain management - The Polygon MATIC blockchain can also help in supply chain management. It can help track shipments and provide transparency and security across the supply chain.
  • Gaming - The Polygon MATIC blockchain can help improve gaming through tokenization. It can also help gamers exchange their digital assets.
  • Healthcare - The Polygon MATIC blockchain can help in healthcare by enabling secure and immutable record storage. It can also help in improving the efficiency of health-related apps and services.
  • ICO and Crowdfunding - The Polygon MATIC blockchain can help improve the ICO and crowdfunding experience. It can also help in improving the tokenization process and provide transparency.

Polygon Security Features

The Polygon MATIC blockchain is a secure and reliable blockchain solution. It uses a distributed ledger technology that is decentralized and peer-to-peer. This means that there is no single point of failure and it is not controlled by a single entity. This makes it secure and reliable. When it comes to security, the Polygon MATIC blockchain has many features. 

Some of these features are discussed below: 

  • Advanced consensus algorithms - The Polygon MATIC blockchain uses advanced consensus algorithms to verify transactions. This makes it secure and reliable. These algorithms include PBFT (Practical Byzantine Fault Tolerance), VRF (Variable Resonance), and EOS consensus. 
  • Strong authentication method - The Polygon MATIC blockchain has a strong authentication method that makes it difficult to hack or spoof. Even if someone is able to hack into the network, they can only hack a single node and not the entire network. 
  • Encrypted communication - The communication between the nodes on the Polygon MATIC blockchain is encrypted. This makes it difficult to hack or spoof.

Polygon (MATIC) Cost

The cost of using Polygon MATIC will depend on your usage. The more you use the platform, the higher the cost will be. You can also choose to outsource your needs and use Polygon MATIC as a service. 

Here are a few things you should know about the Polygon MATIC cost: 

  • The cost of using the Polygon MATIC blockchain platform for deploying DApps is $1499.
  • The cost of deploying a smart contract is $599. 
  • The cost of deploying wallets is $499. 
  • The cost of deploying an identity and security solution is $1199. 
  • The cost of deploying a trading platform is $1499.

Note: These prices may have changed due to change in MATIC's price.

These are the costs of using Polygon MATIC as a service. For more details on the cost, visit their website.

Polygon Crypto Alternatives

  • Ethereum - Ethereum is a popular blockchain platform used for developing decentralized applications and smart contracts. It is also used for ICOs and crowdfunding. 
  • Hyperledger - Hyperledger is another popular blockchain platform used for developing decentralized applications and smart contracts.
  • EOS - EOS is also a blockchain platform used for developing decentralized applications and smart contracts. 
  • Cardano - Cardano is a scalable blockchain platform that can support large volumes of transactions.

Is Polygon (MATIC) a Good Investment?

As for whether Polygon is a good investment, it's important to remember that the cryptocurrency market is highly volatile and that investing in any cryptocurrency carries a high level of risk. It's important to do your own research and carefully consider your investment options before making any decisions.

How to Buy Polygon (MATIC) Crypto?

If you're interested in buying MATIC, you can do so on a number of cryptocurrency exchanges that offer it. Some popular options include Binance, Coinbase, and Kraken. Be sure to carefully compare the fees and features of different exchanges before choosing one to use. Below are the 5 simple steps that you can follow to get your own Polygon:

  1. Choose a Crypto Exchange Broker 
  2. Create your account (Crypto Wallet)
  3. Link your Bank Account to your wallet 
  4. Pick the Cryptocurrency you want to invest in
  5. Choose your storage method

Great, but, do we know where Polygon is headed in the future?  

Future of Polygon (MATIC)

It's difficult to predict the future of Polygon with certainty, but the project has gained significant traction in the cryptocurrency community and has the potential to continue growing and gaining adoption in the future. However, as with any investment, it's important to be aware of the risks and to carefully consider your options before making any decisions.

The Bottom Line

Token Metrics is happy to provide you with AI-driven market updates and information regarding the crypto world but it is you who needs to be the decision maker when it comes to your crypto investments. 

Polygon (formerly Matic Network) offers innovative technology that could potentially democratize blockchain through the creation of customized, interoperable networks. While it's difficult to predict the future performance of MATIC, the project has a strong team and partnerships with well-known companies.

However, as with any cryptocurrency investment, there is a high level of risk and it's important to carefully consider all options before making any decisions. Blockchain technology is still in its early stages and it may be more profitable to invest in the technology itself rather than just the hype. It's also important to exercise caution when building a cryptocurrency portfolio.

Disclaimer: The information provided on this website does not constitute  investment/trading/financial advice and you should not treat any of the website’s content as such. Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.  We only offer comprehensive information which may change according to time. 

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Recent Posts

Crypto Basics

What Is an NFT? Complete Guide to Non-Fungible Tokens (2025)

Token Metrics Team
6 min
MIN

Over the past few years, NFTs (Non-Fungible Tokens) have exploded in popularity—revolutionizing the way we think about digital ownership, art, gaming, collectibles, and more. In 2025, NFTs continue to shape the future of the internet, transforming everything from music rights to virtual real estate.

If you're wondering “What is an NFT?” or how they actually work, this guide breaks it down for you. We’ll also explore how AI-powered tools like Token Metrics can help you identify high-value NFT-related tokens and investment opportunities.

🔍 What Does NFT Stand For?

NFT stands for Non-Fungible Token. Let’s break that down:

  • Token: A digital asset that exists on a blockchain.
  • Non-Fungible: It’s unique and cannot be replaced with something else of equal value. (Unlike cryptocurrencies like Bitcoin, where each BTC is the same.)

So, an NFT is a unique digital asset stored on a blockchain, representing ownership of a specific item—like artwork, music, a tweet, a game character, or a piece of virtual land.

🎹 What Can Be an NFT?

NFTs aren’t just limited to pixelated apes or JPEGs. In 2025, NFTs power a broad range of digital assets:

  • Digital Art: Artworks, animations, and generative art
  • Collectibles: Rare items like trading cards or profile picture (PFP) projects
  • Gaming Assets: In-game skins, weapons, characters, and land (e.g., in The Sandbox or Decentraland)
  • Music and Media: Songs, albums, and exclusive content drops
  • Virtual Real Estate: Land parcels in the metaverse
  • Domain Names: Blockchain-based domain ownership
  • Identity & Access: Membership passes, event tickets, or certification credentials

Each NFT has a unique identifier and metadata that distinguish it from any other asset.

đŸ› ïž How Do NFTs Work?

NFTs are built and recorded on blockchains, most commonly on Ethereum using ERC-721 or ERC-1155 standards. Here’s how they work:

  1. Minting: Turning a digital file into a token on the blockchain
  2. Metadata: Storing details like title, creator, image URL, and traits
  3. Ownership: A smart contract verifies the wallet that owns the NFT
  4. Transferability: NFTs can be sold, traded, or gifted using marketplaces

Because of blockchain immutability, ownership is transparent, verifiable, and permanent.

📈 Why Are NFTs Valuable?

Several reasons explain the rising value and popularity of NFTs:

  • Digital Ownership: You own the asset—not a platform
  • Proven Scarcity: Many NFTs are limited in supply
  • Creator Royalties: Artists earn fees on secondary sales
  • Utility & Access: Some NFTs unlock real-world benefits, games, or private groups
  • Social Status: PFPs like CryptoPunks or Bored Ape Yacht Club are digital status symbols
  • Speculation: Many treat NFTs as investments, betting on future appreciation

In 2025, NFTs have gone beyond hype to form the foundation of Web3 identity and ownership.

💰 How to Buy an NFT

To buy an NFT, you’ll need:

  1. A crypto wallet (like MetaMask)
  2. Some ETH or other supported crypto for payment and gas fees
  3. An NFT marketplace like OpenSea, Blur, Magic Eden, or Rarible

Steps to Buy:

  • Fund your wallet
  • Connect to a marketplace
  • Browse collections
  • Click “Buy Now” or place a bid
  • Approve the transaction

Once purchased, the NFT is transferred to your wallet and viewable on your profile.

⚠ Are NFTs Safe?

NFTs are secure if you follow best practices. However, scams and phishing attacks are common.

Security Tips:

  • Never share your seed phrase
  • Verify contract addresses before minting
  • Don’t connect your wallet to unknown sites
  • Use hardware wallets for high-value NFTs
  • Bookmark official sites

🧠 How Token Metrics Helps You Identify NFT-Related Investments

NFTs are not just collectibles—they’re tied to blockchain ecosystems and tokens. Platforms like Token Metrics help you identify high-potential NFT projects, gaming ecosystems, and utility tokens powering the space.

✅ How Token Metrics Helps:

  • AI-powered Grades: See which NFT-related tokens are trending with Trader & Investor Grades
  • Moonshots Tab: Find small-cap NFT tokens with 10x–100x potential
  • Thematic Indices: Invest in curated NFT indices powered by Token Metrics AI
  • Token Details Page: Dive deep into any NFT-related token’s fundamentals, holders, and performance

Whether it’s $IMX, $MAGIC, $APE, or a metaverse play like $MANA, Token Metrics gives you a data-driven edge.

đŸ§© Popular NFT Blockchains in 2025

NFTs are no longer limited to Ethereum. In 2025, several chains offer faster, cheaper minting and trading:

Token Metrics tracks all these chains, offering a cross-chain perspective for NFT investing.

đŸȘ™ What Are NFT Tokens?

Many NFT ecosystems have their own fungible tokens used for governance, staking, or ecosystem rewards. Examples include:

  • $APE (Bored Ape Yacht Club)
  • $MAGIC (TreasureDAO)
  • $IMX (Immutable X)
  • $LOOKS (LooksRare)
  • $BLUR (Blur marketplace)

These tokens can rise in value based on NFT trading volume, user adoption, and staking incentives. Token Metrics’ analytics help traders spot breakout opportunities early.

🚀 Future of NFTs in 2025 and Beyond

NFTs are evolving fast. In 2025, they’re used for more than art and gaming:

  • NFTs as IDs: Used for logging into apps and verifying reputation
  • Real-world assets: Tokenizing real estate, music royalties, and legal contracts
  • DeFi integrations: NFTs used as collateral in lending protocols
  • Event access: NFTs as tickets for IRL and virtual experiences
  • AI x NFTs: Generative AI tools minting and managing NFT metadata autonomously

Expect continued innovation, and stay ahead using tools like Token Metrics.

🧠 Final Thoughts: Are NFTs Worth It?

NFTs are more than a trend — they represent the digitization of ownership in the Web3 era. From art and identity to games and finance, NFTs unlock new possibilities for creators and collectors alike.

If you're looking to explore NFT opportunities beyond collectibles—Token Metrics gives you the data, AI tools, and insights you need to invest intelligently.

Crypto Basics

How to Create a Crypto Wallet: A Complete Beginner’s Guide (2025)

Token Metrics Team
6 min
MIN

As the popularity of cryptocurrencies continues to grow in 2025, more people are seeking safe and secure ways to manage their digital assets. The first step in your crypto journey? Creating a crypto wallet.

In this guide, we’ll explain:

  • What a crypto wallet is
  • Different types of wallets
  • How to create one (step-by-step)
  • Tips for securing your wallet
  • How Token Metrics can help you trade smarter after setup

đŸȘ™ What Is a Crypto Wallet?

A crypto wallet is a digital tool that allows you to store, receive, and send cryptocurrencies like Bitcoin, Ethereum, and thousands of altcoins. Instead of holding physical money, it stores your private and public keys, giving you access to your blockchain assets.

Two Major Types:

  1. Hot Wallets – connected to the internet (ideal for active users)
  2. Cold Wallets – offline and more secure (ideal for long-term storage)

Whether you're buying Bitcoin for the first time or diving into DeFi tokens, you'll need a crypto wallet to safely store and manage your coins.

đŸ”„ Hot Wallets vs. 🧊 Cold Wallets

‍

‍

Hot wallets are easier to set up and use, while cold wallets offer greater protection against hacks and malware.

đŸ› ïž How to Create a Crypto Wallet (Step-by-Step)

Option 1: Creating a Hot Wallet (e.g., MetaMask or Trust Wallet)

Step 1: Download the App or Browser Extension

Step 2: Create a New Wallet

  • Click “Create a Wallet”
  • Set a strong password

Step 3: Backup Your Recovery Phrase

  • Write down the 12 or 24-word seed phrase
  • Store it offline (NOT on your phone or computer)

Step 4: Confirm Your Recovery Phrase

  • MetaMask will ask you to re-enter it to ensure it's saved correctly

Step 5: Wallet is Ready

  • You can now receive, send, and store ETH, ERC-20 tokens, and NFTs

✅ Pro Tip: Connect your wallet to Token Metrics to explore trading signals, moonshots, and AI analytics directly.

Option 2: Creating a Cold Wallet (e.g., Ledger Nano X)

Step 1: Buy a Ledger or Trezor device

  • Always order from the official website to avoid tampered devices

Step 2: Install Wallet Software

  • Download Ledger Live or Trezor Suite

Step 3: Set Up Device and PIN

  • Follow the on-screen instructions
  • Create a secure PIN code

Step 4: Write Down Your Recovery Phrase

  • The device will show a 24-word seed phrase
  • Write it down and store it in a fireproof safe

Step 5: Start Receiving Crypto

  • Use Ledger Live or Trezor Suite to generate wallet addresses
  • Send crypto from exchanges or other wallets

✅ Pro Tip: Use your cold wallet to store moonshots and long-term assets, then analyze performance using Token Metrics Portfolio tools.

đŸ›Ąïž Tips for Securing Your Crypto Wallet

  1. Never share your seed phrase
    Anyone with your seed phrase can steal your funds

  2. Enable Two-Factor Authentication (2FA)
    For added protection on wallet apps and exchange accounts

  3. Use a strong, unique password
    Avoid reusing passwords across multiple accounts

  4. Avoid phishing sites
    Always double-check URLs before connecting your wallet

  5. Keep backups offline
    Use metal seed plates or paper stored in multiple safe locations

🔎 How Token Metrics Supports Your Wallet Journey

While Token Metrics doesn't create wallets, it integrates seamlessly with your Web3 wallets to help you maximize profits and minimize risks.

1. AI-Powered Ratings

Once your wallet is set up, use Token Metrics to find top-rated tokens across risk levels, market caps, and sectors.

2. Moonshots Dashboard

Explore early-stage tokens with massive upside using the Moonshots tab—only available to Premium members.

3. Real-Time Alerts

Set up alerts for price, investor grade, or bullish/bearish signals—and receive them directly to your connected wallet’s contact info.

4. Track Your Portfolio

Monitor wallet performance across tokens with a real-time dashboard powered by on-chain data.

📩 What Can You Store in Your Crypto Wallet?

Different wallets support different blockchains, so always check compatibility before sending assets.

đŸ“Č Best Wallets to Use in 2025

‍

🔄 Wallet Creation FAQs

Q: Is creating a crypto wallet free?
Yes, most wallet apps like MetaMask or Trust Wallet are free.

Q: Can I create multiple wallets?
Absolutely. Many investors use different wallets for different purposes (e.g., trading, staking, savings).

Q: What happens if I lose my recovery phrase?
You lose access to your wallet permanently. Always store it securely.

Q: Do I need a wallet to use Token Metrics?
No, but connecting a wallet enhances your experience by allowing you to monitor portfolios, moonshots, and alerts in real time.

🧠 Final Thoughts

Creating a crypto wallet is your gateway to the decentralized world of digital finance. Whether you’re a seasoned trader or a beginner buying your first token, having a secure wallet is non-negotiable.

By choosing the right wallet (hot or cold), securing your keys, and combining it with powerful tools like Token Metrics, you can build a smart, secure, and profitable crypto journey.

Crypto Basics

How to Store Cryptocurrency Safely in 2025 | Hot vs Cold Wallets

Token Metrics Team
6 min
MIN

Cryptocurrency offers unmatched freedom, but with that freedom comes responsibility—especially when it comes to how to store cryptocurrency securely. Unlike traditional banking, crypto is self-custodied. If you lose access to your wallet, your funds are gone forever.

This guide explains everything you need to know about storing crypto in 2025, including:

  • Why crypto storage matters
  • Types of crypto wallets
  • Hot wallets vs. cold wallets
  • Tips for securing your assets
  • How platforms like Token Metrics can help protect your investment

đŸȘ™ Why Is Storing Cryptocurrency Important?

When you buy crypto—whether it’s Bitcoin, Ethereum, or a promising moonshot altcoin—you receive private keys that give you access to your funds. Anyone with that key can spend your coins.

That’s why safe storage is critical. Without it, your assets are vulnerable to:

  • Hacks and phishing scams
  • Lost devices or forgotten passwords
  • Exchange collapses or rug pulls

You are your own bank, and your security strategy is your vault.

🔐 What Is a Crypto Wallet?

A crypto wallet is a digital tool that stores your private and public keys. It lets you send, receive, and manage your crypto.

There are two main types:

  1. Hot wallets – connected to the internet
  2. Cold wallets – offline and physically secured

Let’s explore both.

🌐 Hot Wallets: Convenience Meets Risk

Hot wallets are always online, making them easy to use for trading, DeFi, or daily transactions.

Types of Hot Wallets:

  • Web wallets (e.g., MetaMask, Trust Wallet)
  • Mobile apps (e.g., Coinbase Wallet, Phantom)
  • Desktop wallets (e.g., Exodus, Electrum)

Pros:

  • Quick access to funds
  • Easy integration with DApps and exchanges
  • Great for beginners and active traders

Cons:

  • Higher risk of hacks, malware, and phishing
  • Device or browser compromise can expose keys

Best Practices for Hot Wallets:

  • Use 2FA (Two-Factor Authentication)
  • Never store large amounts
  • Double-check URLs to avoid fake websites
  • Avoid public Wi-Fi while transacting

🧊 Cold Wallets: Ultimate Security

Cold wallets are offline storage solutions, ideal for long-term investors or large holdings.

Types of Cold Wallets:

  • Hardware wallets (e.g., Ledger Nano X, Trezor)
  • Paper wallets (QR code + private key printed on paper)
  • Air-gapped devices (old smartphones with no internet access)

Pros:

  • Immune to online hacks
  • Best for HODLing and large sums
  • You own full control

Cons:

  • Less convenient for daily use
  • Loss or damage without backups = permanent loss

Best Practices for Cold Wallets:

  • Buy hardware wallets directly from the manufacturer
  • Backup your seed phrase on metal plates or offline storage
  • Keep backups in secure, separate locations

🔄 Custodial vs. Non-Custodial Wallets

🏩 Custodial Wallets

Managed by exchanges (e.g., Binance, Coinbase). You don’t own the private keys.

Pros:

  • Easy to use
  • Ideal for beginners

Cons:

  • Not your keys, not your crypto
  • Vulnerable to hacks or platform failures

🔓 Non-Custodial Wallets

You own the keys. Wallets like MetaMask, Trust Wallet, or hardware devices.

Pros:

  • Full control and ownership
  • Safer long-term storage

Cons:

  • Losing your seed phrase = permanent loss
  • Requires more responsibility

Tip: Token Metrics recommends non-custodial wallets for storing long-term holdings and moonshot tokens.

🔐 How Token Metrics Enhances Crypto Security

Token Metrics is an AI-powered crypto research and trading platform trusted by thousands of investors. While it doesn’t store your crypto directly, it helps you manage risk and store assets wisely by:

1. Identifying Safe Assets

Token Metrics gives you AI-generated grades for tokens—helping you avoid scams and invest in credible projects worth storing long-term.

2. Trading Tools with Wallet Integration

You can explore tokens, assess moonshots, and initiate trades directly from your connected Web3 wallet without leaving the platform.

3. Portfolio Tracking with Security

Token Metrics allows you to track wallets and portfolio performance without requiring access to your private keys.

4. Educational Guidance

Through webinars, blog content, and investor resources, Token Metrics educates users on how to safely store their crypto in hot and cold wallets.

🧠 Tips to Keep Your Crypto Safe in 2025

✅ Use Hardware Wallets for Large Amounts

Your long-term Bitcoin, Ethereum, and moonshot tokens should live on a hardware wallet, not on an exchange.

✅ Store Your Seed Phrase Offline

Do NOT keep your recovery phrase in Google Docs or your phone. Use metal seed phrase storage or write it down and lock it in a safe.

✅ Use Multiple Wallets

Diversify storage:

  • Hot wallet for daily use
  • Cold wallet for savings
  • Separate wallet for DeFi

✅ Avoid Suspicious Links and Apps

Phishing is the #1 crypto threat. Double-check URLs, don’t sign unknown transactions, and avoid shady browser extensions.

✅ Monitor Wallet Activity

Use platforms like Token Metrics Alerts or Etherscan to track your wallet and get notified of suspicious activity.

đŸȘ™ How to Store Different Types of Crypto

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🧭 Final Thoughts

Storing cryptocurrency securely is just as important as choosing the right tokens to invest in. Whether you’re a day trader, long-term investor, or moonshot hunter, knowing when and where to store your crypto is key to protecting your wealth.

In 2025, the best strategy combines:

  • Cold wallets for large, long-term holdings
  • Hot wallets for convenience and trading
  • Non-custodial options to retain full control
  • AI tools like Token Metrics to identify trustworthy assets and avoid scams

When you store your crypto properly, you don’t just protect your assets—you gain peace of mind.

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