polygon
Crypto Watchlist: Biggest Losers This Week (AVAX, MATIC, KCS)
With most coins trading in the negative, here is a look into the three coins with the biggest weekly losses.
Google Cloud and Polygon Labs partner for Ethereum scaling
Google Cloud will provide framework and developer tools to aid Polygon Labs’ Ethereum scaling protocol. The partnership aims to streamline developer integration for decentralized applications on Polygon.
Nous Launches World's 1st Decentralised Hedge Fund
Blockchain start-up Nous Systems has announced the launch of the world's first decentralised hedge fund built on blockchain technology.
$136M Inflow into Crypto Assets, Bitcoin Remains Preferred Choice
In the latest update from CoinShares, digital asset investment products have seen a significant inflow of $136 million in the past week. This surge marks the third consecutive week of inflows, totaling $470 million, effectively offsetting the outflows observed in the preceding nine weeks.
ZachXBT's Defamation Lawsuit Receives Over $1 Million in Donations as Prominent Figures Rally Support
In a surprising turn of events, renowned on-chain analyst ZachXBT has exceeded his initial fundraising target, amassing a staggering $1,055,233 in donations, according to Nansen data. This remarkable achievement has been made possible through contributions from various entities and influential figures within the crypto industry.
QuickSwap Breaches $1,000 for the First Time amid Increasing Adoption of Polygon
QuickSwap is a decentralized trading platform leveraging Polygon's Layer 2 network. Its native token QUICK achieved a new record-high today, breaching $1,000.
Polygon Raises $450M from Venture Capital Firms Led by Sequoia
Ethereum-based Layer-2 protocol, Polygon, has raised the sum of $450 million in a private token sale that marks the most significant funding round for the firm.
Polygon Labs Critiques SEC Proposed Rulemaking That Threatens Permissionless Blockchain Networks
Polygon Labs, the leading blockchain technology firm, issued a response today to a proposed rule from the Securities and Exchange Commission (SEC) that redefines the term "exchange."
Wakweli and Polygon Partner for NFT Authentication
Web3 protocol Wakweli has partnered with layer-2 scaling platform Polygon to offer certification of authenticity for NFTs. The partnership will allow all digital assets on Polygon to be compatible with Wakweli's certification system, enhancing the security of the digital ecosystem. Wakweli's testnet will be available in April, with alpha testing with Polygon's mainnet set to begin in Q2 2023.
Morpheus.Network Integrates with Polygon to Simplify Supply Chain Activities
Supply chain SaaS platform Morpheus.Network Y integrates with Polygon, a decentralised Ethereum scaling network to simplify supply chain operations.
Fox Corporation to Transition Verify Beta to Polygon (MATIC) CDK-Powered Layer 2
Fox Corporation is upgrading Verify Beta to a dedicated Layer 2 using Polygon (MATIC) CDK, with TIME as the first external partner for content attestation.
Composability Labs Unveils Spark: A High-Speed Onchain CLOB Leveraging Polygon (MATIC) Miden
Composability Labs introduces Spark, an innovative central limit order book (CLOB) utilizing Polygon (MATIC) Miden's state-minimization features to enhance DeFi efficiency.
Polygon (MATIC) Launches Miden Alpha Testnet v3 with Enhanced Features
Polygon (MATIC) Miden Alpha Testnet v3 introduces sub-second updates, transaction IDs, and a no-std client, aiming to revolutionize dApp development.
Farcaster Frames Integrates Polygon (MATIC) PoS Transactions, Launches $500k Grants Program
Farcaster Frames now supports Polygon (MATIC) PoS transactions and has launched a $500k MATIC grants program to encourage builder innovation.
Polygon (MATIC) CDK Integrates Bridged USDC Standard for Enhanced Stability
Polygon (MATIC) CDK is the first chain development kit to integrate Circle's Bridged USDC Standard, offering seamless upgrades and improved liquidity.
BitMEX Users to Experience Changes Amid MATIC to POL Migration
BitMEX will support the migration from MATIC to POL tokens on the Polygon network, delisting MATIC contracts and enabling zero network fees for withdrawals.
Binance to Support Polygon (MATIC) Swap to Polygon (POL) Token
Binance announces support for the Polygon (MATIC) token swap to Polygon (POL), with detailed instructions and timelines for users.
BitMEX Delists MATICUSDT and MATIC/USDT Amid Polygon Migration
BitMEX delists MATICUSDT and MATIC/USDT pairs following the MATIC to POL migration on Polygon.
Polygon (POL) Token to Replace MATIC in Major Ecosystem Upgrade
Polygon announces the transition from MATIC to POL, enhancing utility and functionality within the network. The upgrade aims to bolster security and scalability.
Bitfinex to List POL, Native Token of Polygon (MATIC)
Bitfinex announces the listing of POL, the native token of Polygon (MATIC), enhancing trading opportunities for users.
BCW Technologies: Key Player in Polygon (MATIC) PoS Validation
BCW Technologies, a prominent Polygon (MATIC) PoS validator, discusses their infrastructure, mission, and vision in the latest Spotlight Quest series.
Polygon (MATIC) Miden Alpha Testnet v4 Launches with New Features
Polygon (MATIC) Miden Alpha Testnet v4 introduces new features for developers, including Rust compiler support and a block explorer.
BitMEX Spot Lists Polygon (POL), Enabling Deposits, Purchases, and Trades
BitMEX has officially launched support for POL, the Polygon ecosystem token, allowing users to deposit, buy, and trade it on its spot platform.
Polygon (MATIC) (POL) Launches Ahmedabad Upgrade on PoS Mainnet
Polygon (MATIC)'s Ahmedabad upgrade introduces enhanced features for developers and users, including increased code size and improved network observability.
Polygon (MATIC) Introduces AggLayer to Unify Blockchain Ecosystem
Polygon (MATIC)'s AggLayer aims to resolve blockchain fragmentation by aggregating sovereign chains, offering a unified ecosystem for liquidity, users, and state through innovative architecture.
Polygon (MATIC) Expands NFT Functionality with Instagram Integration
Polygon (MATIC) announces integration with Instagram, enabling users to mint, showcase, and sell NFTs, enhancing creator engagement and monetization opportunities.
Bitfinex Pay Unveils Merchant Dashboard Update with Key Enhancements
Bitfinex Pay has released version 0.7.5, introducing enhancements to its Merchant Dashboard, including support for Polygon Ecosystem Tokens and improvements in payment processing.
Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week
Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.
Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine
Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27.
API3 Unveils Enhanced Data Feed Service to Bolster TVL on Polygon zkEVM
API3, a blockchain oracle provider, has introduced a managed data feed service to support the growth of Total Value Locked (TVL) on Polygon zkEVM. This innovative push oracle, built around the Airnode first-party oracle node, eliminates intermediaries and provides direct access to real-world data, aiming to enhance the DeFi ecosystem and decentralized finance future.
Starbucks Rolls out NFT-based Membership Program by Adopting Polygon
American chain coffeehouse Starbucks has unveiled its NFT and Web3.0 program dubbed Starbucks Odyessy by adopting Polygon technology.
Hacker Steals $1m from Multi-Chain Crypto Wallet BitKeep
BitKeep was robbed of $1 million in crypto tokens. The users who were robbed had approved their tokens on BitKeep's swap service - called a swap router - on the BNB Chain and Polygon.
Circle Launches Native USDC on Polygon
Circle has natively integrated USDC on the Polygon PoS network, enabling direct access for users and developers. This move phases out the need for bridged USDC.e, providing a more stable and straightforward means for transactions on the network. The development is anticipated to foster numerous use cases, enhancing the overall ecosystem.
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
Whitehat Hacker Receives the Largest Bounty for Identifying Exploits in Polygon's Codes
A Whitehat hacker, Gerhard Wagner, has received the largest bug bounty in history after he discovered a vulnerability in Polygon’s plasma bridge.
Aave and MATIC Surge to New ATHs as On-Chain Transactions Rises
DeFi protocols Aave and Polygon has seen a surge leading to an ATH in their respective native tokens.
StarkWare to Open Source Proprietary Prover
Starkware's chief of product, Avihu Levy, thinks it will boost project confidence in Starknet Prover.
Polygon Founder Announces POL: Massive Technical Upgrade to MATIC
Sandeep Nailwal introduces the POL token, a technical upgrade to Polygon's ecosystem, revolutionizing multi-chain staking and introducing a new era in token design.
Polygon Co-Founder Proposes zk-Powered ApeChain
A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.
Donald Trump's NFT Success Unveils Former President's Crypto Ventures
Former U.S. President Donald Trump has made significant strides in the NFT market, as revealed in a recent financial disclosure form submitted to the Office of Government Ethics.
Starkware to Open Source Proprietary Prover
Starkware's chief of product, Avihu Levy, thinks it will boost project confidence in Starknet Prover.
Fox Corporation and Polygon Unveil "Verify for Blockchain-Based Content Authentication
Fox Corporation partners with Polygon to launch 'Verify', a blockchain-based tool for authenticating digital content. Verify aims to combat AI-generated media and deepfakes, ensuring the integrity of media content in the digital age.
MAS Launches First DeFi Pilot Tests with Polygon and Aave
The Monetary Authority of Singapore has completed a pilot test on DeFi using Polygon and Aave
0x Protocol's API is Live on Polygon Network
0x Project officially announced that its API is officially integrated with Polygon. The launch of the DEX liquidity API aims to expand this vibrant ecosystem Polygon.
MATIC: Polygon zkEVM Prepares for Dragon Fruit Upgrade
Polygon ($MATIC) has announced its Dragon Fruit upgrade on September 10, ForkID5, which introduces the latest Ethereum opcode, PUSH0, and a non-critical RLP parsing bug fix. The upgrade will be implemented on Polygon's zkEVM Mainnet Beta, with a 10-day timelock for users and developers.
Reddit Avatars on Polygon Blockchain
Reddit has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The release has generated excitement and predictions of quick sellouts, but some users have criticized the payment process.
Orange Financial To Launch Innovative Yield Farming Treasury - Stablecoin Rewards for NFT Holders
Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial will revolutionize the world of yield farming and NFTs.
Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security
Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S.
Polygon(Matic) to Slash zkEVM Transaction Fees by 20%
Polygon, the scalable Ethereum layer-2 solution, has announced its intent to optimize its zkEVM (Zero-Knowledge Ethereum Virtual Machine) in the coming weeks.
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.
Brazil’s Nubank Set To Launch Digital Currency On Polygon Blockchain
Nubank, a fintech bank based in Brazil has announced it’s set to launch its own digital token called Nucoin which will be available by the first half of 2023.
Reddit Launches New NFT Avatar Marketplace
Reddit has partnered with Polygon blockchain to enable the launch of the new NTF marketplace. The popular social media platform is capitalizing on NFTs to propel its growth.
BORA to Establish Cross Chain with Polygon in expanding Web 3.0 Market: KBW 2022
South Korean-based and blockchain-based content platform operator BORANETWORK (BORA) announced Wednesday to establish a cross-chain with Polygon to expand the global ecosystem and user liquidity contact points.
Mastercard Launches NFT-Gated Artist Accelerator Program
Mastercard announced a new artist accelerator program, which is NFT-gated and only accessible to holders of its Mastercard Music Pass NFT. The program is a collaboration with Polygon and offers free access to educational materials, unique AI tools, and other experiences.
Largest DeFi Hack Recorded on Poly Network with $610M Stolen
A $610 million hack has been recorded by interoperability protocol Poly Network in what is tagged as the biggest heist in the DeFi world.
Polygon Announces the Launch of a Direct Bridge by Ren Protocol
Polygon’s official Twitter announced to launch a direct bridge to Polygon by Ren open protocol.
Polygon Labs Proposes Celo's Transition to Ethereum L2 Using Their Chain Development Kit
Polygon Labs has proposed a technical upgrade for Celo, transitioning from an independent EVM-compatible L1 to an Ethereum L2. The proposal uses the Polygon Chain Development Kit (CDK), an open-source toolset that allows developers to create a ZK-powered L2 for Ethereum. Key benefits include enhanced collaboration, an EVM-equivalent environment, security, low fees, a unified L2 ecosystem, customization, fast transactions, and high standards of support. The proposal aims to achieve optimal technical upgrades for the blockchain community.
Tetra Partners with Kiln to Enhance Staking Service Including Ethereum and Solana
Tetra Trust partners with Kiln to expand staking services on major PoS blockchains, including Ethereum and Solana, enhancing digital asset management in Canada.
Polygon Network Contemplating the Idea of Creating DAOs
Polygon is looking to build a DAO to harmonize its growing ecosystem.
Over 48 Terra Projects Merged to Polygon Ecosystem
Over 48 projects that used to run on Terra blockchain have been jointly migrated to the Polygon ecosystem, including the well-known Lunaverse (LUV) Metaverse platform, OnePlanet NFT marketplace, and Derby Stars play-to-earn (P2E) games.
Google Cloud Becomes Validator on Polygon's PoS Network
Google Cloud has joined Polygon's PoS network as a validator, adding an extra layer of security and credibility. The network already has over 100 validators, and Google Cloud's involvement is expected to further strengthen it. Users can monitor validator performance through a dedicated dashboard, where Google Cloud has staked 25,391.67 MATIC.
SkyLaunch Plans to Collaborate with Polygon to Boost Crypto Projects
To tackle issues and support the aim of a decentralized finance ecosystem, SkyLaunch birthed the vision to become a multi-chain initial Decentralized offering platform that will bring changes to the ecosystem.
Polygon Surges by 2600% on a Year-to-Date Basis as Adoption of Layer 2 Accelerates
Polygon's rate of return is very impressive, rising by more than 2600%, from $0.0178 to $0.468 since the beginning of 2021.
To Shift Its Collection To Polygon, NFT Received $3M
y00ts and DeGods received $3 million to migrate their collections from Solana to Polygon. Frank III, creator of the two projects, issued a Discord and Twitter statement. Business development, graphic design, content production, and events coordinating will be hired using the cash.
Bitcoin Dominates Digital Asset Fund Flows with $140M Inflows in a Week
In the past four weeks, digital asset investment products have seen a significant surge in inflows, totaling $742 million, according to the latest weekly report from CoinShares. This marks the largest run of inflows since the final quarter of 2021.
Decentralized Lending Platform Cream Finance Announces Integration with Polygon Network
Decentralized lending platform Cream Finance officially announced integrating with Polygon by launching its money markets on the Ethereum layer 2 scaling solution Polygon network.
Mastercard Launches Web3 Musician Accelerator With Polygon
Mastercard launched a Polygon-based accelerator program for Web3 artists. Five international performers will be mentored by the business to establish their Web3 music brands. For those not chosen for the program, Mastercard is offering the Mastercard Music Pass NFT collection.
SuperLayer Raises $25M With Backing from Polygon
SuperLayer, a blockchain venture studio, has secured $25 million in funding with backing from its strategic partner, Polygon Network - a Layer-2 scaling solution.
Shiba Inu Shibarium's Wallets Top 100,000 as Transactions Exceed 445,000
Shibarium, Shiba Inu's Ethereum Layer 2 network, has achieved 100,000 wallet addresses and 445,000 transactions, demonstrating rapid adoption, user engagement, and lower transaction costs for decentralized finance applications and NFTs.
Wintermute-Backed Decentralized Exchange Bebop Expands to Polygon
Following its launch on the Ethereum blockchain in June, Bebop, a decentralized exchange incubated by crypto trading firm Wintermute, has now expanded support to Polygon.
Digital Asset Firm Osprey Unveils First-Ever Polygon Trust Fund
Osprey Funds digital assets management firm has launched the Osprey Polygon Trust to make it easier for both institutional and retail investors to invest in Polygon (MATIC) cryptocurrency.
Dolce & Gabbana Launches First NFT Collection "Collezione Genesi"
Dolce & Gabbana is entering into the NFT metaverse with the launch of its 9 piece collection.
Top 3 Coins to Watch this Week: BTC, AVAX and MATIC
Amid a dramatic twist and turns that we may witness this week, here is a highlight of the top three coins to look out for this week.
Polygon Launches Web3 .polygon Domains with Unstoppable Domains
Polygon and Unstoppable Domains have partnered to offer the ability to create Web3 .polygon domain names, enabling users to log into Web3 applications, use human-readable wallet addresses, and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of Polygon to mint decentralized domains with zero gas fees. Users will be able to use .polygon domains to create digital identities that are compatible across 750 applications, games and metaverse platforms, as well as to login to web apps, act as cryptocurrency wallet addresses, and create decentralized websites.
Digital Currency Ecosystems Company BTCS Inc. Adds Ethereum Layer 2 Sidechain Polygon
An early mover in the blockchain and digital currency ecosystems BTCS Inc. announced the addition of Layer 2 proof-of-stake sidechain Polygon (“MATIC”) to its blockchain infrastructure operations.
Billionaire Entrepreneur Mark Cuban Invests in Polygon,Driving it to Surge by 12645% on a Year-to-Date Basis
Today, Mark Cuban, an American billionaire entrepreneur, officially supports the Polygon network-which drives Polygon's token MATIC to surge by 12645% on a year-to-date basis.
Ethereum ERC-4337 Account Abstraction Grant Round Recipients Announced
The Ethereum Foundation has awarded grants to 18 teams in its ERC-4337 Account Abstraction grant round, supporting projects focused on ERC-4337. Notable recipients include ZeroDev Kernel, Skandha Bundler, and MynaWallet, which integrates with the Japanese Government-Issued ID Card. These grants promote modularization, diverse blockchain applications, and enhance the Ethereum network's capabilities.
WisdomTree Adds Polygon and Avalanche to Crypto-Basket ETPs
WisdomTree continues to expand its range of crypto-basket ETPs in Europe in response to investors' demand. The company announced adding MATIC and AVAX into two ETPs.
Polygon Partners with NGO OCEEF for Ocean Conservation Initiatives
This collaboration between Polygon and OCEEF aims to offer interactive experiences to facilitate ocean conservation actions.
Stripe Is Integrated By Solana Market Maker For Fiat-To-Crypto Transfers
The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Users can now purchase the blockchain's standard native SPL tokens, including USD Coin and SOL, with fiat currencies. This comes as the entire crypto industry picks itself up after the collapse of the former powerhouse crypto exchange FTX.
Blockchains Do Not Address Any Fresh Issues - Polygon's Sandeep Nailwal
The Co-founder of Polygon Sandeep Nailwal has disproved one of the most harmful myths propagated by fervent blockchain skeptics: the Web3 revolution is not solely intended to address "new" problems
Digital Assets Soar to $67 Billion, Avalanche (AVAL), Polygon (MATIC) and Chainlink (LINK) Gain Momentum
Digital asset investment products saw record-breaking inflows of $2.45 billion, raising total assets under management to $67 billion, with Bitcoin dominating, benefiting major players like Avalanche, Polygon and Chainlink.
Instagram to Run Polygon-backed NFT Marketplace
Meta has announced that social media giant Instagram will be introducing an NFTs marketplace that will run with the support of Polygon.
Polygon MATIC Launches Solution Provider Network (SPN) for Seamless Developer Collaboration
Polygon has launched the Solution Provider Network (SPN) to facilitate real-time connections between developers and essential infrastructure like oracles, bridges, RPC providers, and wallets, enhancing visibility and credibility within the Polygon ecosystem.
Binance NFT Adds Polygon Network Support for Marketplace Trading
Binance NFT has expanded its marketplace by adding support for Polygon network, allowing users to trade NFTs using their Binance accounts. However, only selected ERC-721 NFT Collections on the Polygon network are currently available on the platform, with more to be integrated regularly. Binance also tightened its rules on NFT listings, delisting those with daily trading volume lower than $1,000 and limiting the number of NFTs artists can mint per day. Binance is also exploring AI with the launch of its AI-powered NFT generator, "Bicasso," which minted 10,000 NFTs in just 2.5 hours.
YouTube to Explore NFTs, Head of Gaming Quits to Join Polygon
YouTube's CEO Susan Wojcicki has announced that the company plans on adding NFT features for its video creators. Meanwhile, YouTube’s head of gaming Ryan Wyatt is leaving to join Polygon Technology.
Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions
Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.
Polygon and Google Cloud Partner for Ethereum Scaling Tools
Polygon Labs and Google Cloud have partnered to enhance the development of Ethereum scaling protocol's infrastructure and tools. Google Cloud's framework and developer tools will benefit Polygon's core protocols and simplify developer integration to build, launch and grow Web3 products and decentralized applications (DApps) on Polygon. The partnership is expected to advance Polygon's zero-knowledge development, resulting in faster and cheaper transactions. Polygon will use Google Cloud's Blockchain Node Engine to remove the need for Polygon developers to configure and run Polygon PoS nodes.
Bentley Announces its Debut into the Web3 World with NFT Collection
Bentley Motors is moving into the Web3.0 ecosystem with a new NFT collection, saying that 208 is a lucky number for their company.
Xternity migrates Solana multiplayer Web3 game for Polygon
Polygon and Xternity migrated Synergy Land, a multiplayer Web3 game from Solana, to Polygon. Solana-compatible wallets are linked, burned, then recreated on Polygon. Polygon's update reduces gas charge spikes and fixes chain rearrangement.
Institutional Investors Seek Tokenization Solutions
Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has already tokenized part of its $824 billion assets under management, and JPMorgan, which executed its first cross-border DeFi transaction on the Polygon network.
Trump Launches Limited Edition Digital Trading Cards on Bitcoin Ordinals
Donald Trump's latest NFT collection, minted as Bitcoin Ordinals, brings a unique collectible aspect to the digital trading card market. This integration into the Bitcoin blockchain ensures longevity and immutability, enhancing the value of these limited-edition collectibles.
Stripe Launches USDC Payments via Polygon
Stripe has begun providing businesses with the ability to pay their customers in crypto through USDC stablecoin.
Top 3 Altcoins to Watch This Week: ETH, MATIC, and ADA
The underlisted three tokens should be watched as the broader market keeps watch as the Ethereum blockchain transitions from the Proof-of-Work (PoW) model to the Proof-of-Stake (PoS) version
Polygon Emerges as Second-Largest Blockchain Gaming Network
Polygon, a layer-2 scaling solution for Ethereum, has become the second-largest blockchain gaming network with 138,081 unique active wallets engaging in games in March. Polygon surpassed third and fourth-ranked Hive and BNB Chain, with Wax in the first place with 314,000 UAWs. Polygon's surge in user activity was primarily due to Hunters On-Chain, which saw a UAW increase of over 17,000% in the past 30 days alone. Polygon is gaining recognition as a gaming blockchain and has notched big-name partnerships such as Warner Music, Starbucks, and Adobe.
Polygon Solutions to Ethereum Scaling Challenges: An Overview
Ethereum's scaling problem is a long-standing issue, with its steady evolution ensuring safety and decentralization. Polygon 2.0 aims to address this by enhancing Ethereum's scalability. Polygon 2.0 consists of Polygon PoS, Polygon zkEVM, and Polygon CDK, designed to be interoperable for swift cross-chain transactions. These chains, which mirror the Ethereum Virtual Machine (EVM), enable developers to develop applications challenging to achieve on account-based systems like Ethereum. Polygon Labs plans to transform Polygon PoS into a zkEVM validium, mirroring Ethereum Virtual Machine (EVM) capabilities.
Polygon Selected for Joining Disney's Accelerator Program
Polygon becomes the only blockchain selected for Disney's 2022 accelerator program, which will help the development of the web 3 fields.
Polygon Launches New Division Polygon Studios, Focusing on Blockchain Games and NFT Fields
Ethereum layer 2 scaling solution Polygon today announced establishing a new division, Polygon Studios, to focus on blockchain games and non-fungible tokens (NFTs).
eToro and Robinhood Modify U.S. Cryptocurrency Offerings Amidst Regulatory Changes
The global cryptocurrency landscape is witnessing significant shifts, with leading trading platforms, eToro and Robinhood, adjusting their U.S. cryptocurrency offerings. Both platforms are responding to the rapidly evolving regulatory environment in the United States, affecting popular cryptocurrencies such as Algorand (ALGO), Decentraland (MANA), Dash (DASH), Polygon (MATIC), Solana (SOL), and Cardano (ADA).
Robinhood Rolls Out Tokens Offerings, Adding SOL, SHIB, MATIC & COMP
To meet customer requests for a broader selection of cryptocurrencies, American financial services company Robinhood has listed Shiba Inu, Solana, Polygon and Compound.
NEAR and Polygon Partner to Launch zkWASM
NEAR Foundation and Polygon Labs are collaborating on zkWASM, a zero-knowledge prover for WASM blockchains, to enhance interoperability with Ethereum and improve scalability and decentralization.
Rarible launches Polygon-based NFT marketplace builder
Rarible launched a marketplace builder for nonfungible token (NFT) collections. The team reported "tremendous traction" in Polygon NFT.
DEVITA Goes Live on Polygon for Equitable Healthcare and Speedy Data Transmission
To maximize healthcare operations and processes through the latest innovations in NFT and decentralized identification (DID) technologies, DEVITA has joined the Polygon network.
Polygon Labs Announces Downsizing, Cuts 19% of Workforce
Polygon Labs has laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision for agility in the blockchain sector. The company also announced a 15% compensation increase and Polygon ID project spin-off.
Uniswap to Launch on Polygon's zkEVM
Decentralized exchange Uniswap is set to launch on the Ethereum scaling solution provider Polygon's zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up. The proposal has already passed the 40 million vote threshold required for approval, with 100% of addresses voting in favor.
Nomura's Laser Digital Partners with WebN Group to Launch Libre Protocol on Polygon
Nomura's Laser Digital and WebN Group have unveiled the Libre protocol, a fund tokenization infrastructure powered by Polygon technology, set to launch in Q1 2024. The protocol aims to revolutionize the management and distribution of alternative investments, with Brevan Howard and Hamilton Lane as initial users.
Polygon 2.0 Takes Major Step with POL Contracts on Goerli Testnet
Polygon is closing in on the launch of its 2.0 version with the deployment of POL contracts on the Goerli testnet. This significant development is a result of community consultations and the introduction of two new Polygon Improvement Proposals (PIPs), PIP-24 and PIP-25. These PIPs aim to modify the EIP-1559 burn system and adjust the POL token supply.
Worldcoin Emerges as Largest Deployer of Safe Wallets on Polygon Blockchain, Onboards 1.2 Million Self-Custodial Safe Smart Accounts
A tweet from Worldcoin states that they have successfully onboarded an impressive 1.2 million self-custodial Safe Smart Accounts
OKX and Polygon Introduce Cryptopedia's Seventh Season
OKX, partner with Polygon, has launched its seventh season of Cryptopedia, a platform designed to promote crypto-centric education. Participants can earn MATIC rewards and participate in DApp interactive quests to learn about various DApps within the OKX Wallet. To participate, users can create a new wallet or integrate one, then visit Cryptopedia: Learn to Earn and choose their preferred DApp. The platform also introduces the Discover Event, a Web3 offline event aggregator, and a streamlined NFT ticketing system.
Polygon Founder-Led Web3 Accelerator Beacon Hosts Inaugural Demo Day
Beacon, positioning itself as the most founder-friendly accelerator started by Sandeep Nailwal (an accomplished web3 builder in his own right), hosted its inaugural Demo Day today. Graduates of Beacon’s first cohort presented their ideas on various sub-sectors of the crypto-economy, such as gaming, infrastructure, decentralized lending, and developer tooling. This group, known as Cohort 0, was described as “the MVP of Beacon” by the program’s core contributor Sandeep Nailwal, co-founder of the Polygon blockchain. Looking ahead, Nailwal plans to expand the program by running two Cohorts of 20-25 companies twice per year.
Polygon Expanded Collaborations with Disney, Meta, Starbucks, and More in Q2 2023
Accordint to a report released by Messari, Polygon ($MATIC), a suite of Ethereum-based scaling solutions, unveiled key insights and recent developments in its ecosystem for the second quarter of 2023.
Primex Finance Introduces Beta 0.3.0 App With Deployments to Polygon Mumbai and zkEVM Testnets
Cross-chain prime brokerage protocol Primex Finance rolls out a major update to its application. Launching in two stages, Beta 0.3.0 introduces a variety of new features, as well as improvements and fixes of existing functionalities.
Digital Currency Group Sells Shares in Subsidiary's Crypto Funds
As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.
HKD.com HDAO: Restructure and Burn for a Better Future
With the new HDAO (HKD.com HDAO) proposal passed in the recent meeting between HDAO private investors, HDAO foundation, and the HDAO development team, HDAO foundation decided to restructure the HDAO distribution and move the entire HDAO from Ethereum, and Tron networks to Polygon network.
Polygon to Hire 200 New Workers despite Market Downturn: Bloomberg
Polygon’s Head of Human Resources, Bhumika Srivastava said the Layer-2 scaling solution has plans to hire as many as 200 new staff before the end of the year.
Polygon Emerges as Second-Largest Blockchain Gaming Network
In March, Polygon saw a surge in user activity, making it the second-largest blockchain gaming network in terms of unique active wallets. Polygon's Hunters On-Chain game, which has seen a 17,000% UAW increase in the past 30 days alone, was a significant contributor to this surge. Polygon's NFT integrations and partnerships with big-name companies like Warner Music, Starbucks, and Reddit have also contributed to its bullish momentum.
HKD.com HDAO：代幣分布重組和燒毀，共創美好未來
在 HDAO 私募投資者、HDAO 基金會和 HDAO 開發團隊最近的會議上通過了新的 HDAO (HKD.com HDAO) 提案，HDAO 基金會決定重組 HDAO 分佈，並將整個 HDAO代幣從以太坊和波場網絡轉移到Polygon網絡。
Sequoia Capital Invests over $500M to Participate in Crypto Governance
Sequoia Capital is doubling down on its bullish stance in the digital currency ecosystem with the launch of a $500 to $600 million investment.
Alchemy Pay to Deploy on Polygon zkEVM Chain
Alchemy Pay is partnering with Polygon to integrate its payment services on Polygon's zkEVM chain, allowing users to convert local fiat currencies into cryptocurrencies. This zero knowledge scaling solution combines Ethereum Virtual Machine and Ethereum L1 security, reducing transaction costs and increasing throughput.
EY Adopts Polygon Protocol & Framework on Ethereum Solution
Accountancy and consulting firm Ernst & Young (EY) announced Tuesday to provide blockchain solutions on the public Ethereum (ETH) blockchain ecosystem by utilizing Polygon protocol and framework.
Polygon Labs Unveils New PoS Testing Toolkit to Enhance Devnet Operations
Polygon Labs' Polygon PoS v1 Testing Toolkit revolutionizes blockchain innovation with advanced deployment, efficient testing, and automated processes, marking a milestone for Web3's future.
Polygon MATIC Price Surges to $0.951, Driven by Major Institutional Network Adoptions
The MATIC price has grown impressively over the last week driven by the chain's adoption.
TrueUSD's TUSD Circulating Supply Surpasses $3 Billion Despite Prime Trust's Challenges
In June 2023, TrueUSD (TUSD) experienced significant growth and adoption across multiple blockchain ecosystems. With the circulating supply reaching 3,059,838,623 TUSD, backed by dollar reserves of over $3 billion, the stablecoin is gaining more recognition in the crypto markets.
Binance Announces Cessation of The Sandbox NFT Staking and Polygon Network Support
Binance NFT will halt The Sandbox NFT Staking Program on September 26, 2023, and suspend LAND NFTs for daily SAND rewards. All staked NFTs will undergo an unstaking process, with return expected by September 28, 2023. Users holding Polygon Network NFTs are advised to complete withdrawals by December 31, 2023.
OKX NFT Adds Base, Linea Support, Beyond Ethereum, Optimism, Polygon
OKX expands NFT Marketplace compatibility to 17 blockchains, including Base and Linea, enhancing interoperability and composability, and utilizing over 11 blockchain networks as a centralized hub for NFT transactions.
Indian Tech Giant Infosys and Matic Network to Reinvigorate Dapp User Experience
In a pivotal technological partnership, Infosys joins Matic network as an early transaction validator. This synergy will offer a strong tech structure to the Matic operations with DApps.
SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge
SushiSwap has deployed its contracts to five new networks. What should be expected of SUSHI's price in the next few days?
Ethereum Breaks Past $1000, Triggering a Spike in ETH Gas Prices
Ethereum has surged past $1000, following Bitcoin’s footsteps to wrap up 2020 nicely.
The First Pocket Gamer and Blockchain Gamer Connects Hong Kong Wows the Crowds
The temperature outside may have been in the high 30s, but that was nothing compared to the white-hot talks and meetings taking place inside Hong Kong’s awesome Cyberport venue on 17-18 July, at Steel Media’s inaugural Blockchain Gamer Connects and Pocket Gamer Connects in East Asia.
Consider These 6 Factors When Trading Crypto In 2021
What do trading audiences expect with high-quality, modern exchange and aggregator services? It has a lot to do with the context of the industry – what people are doing with their assets, and the choices that they have to navigate within the greater fintech ecosystem.
Crypto Fest 2.0 Rumble in the Crypto Jungle
Crypto is heating up once again! DeFi has exploded onto the scene, scalability of Ethereum is in question and gas fees are out of control, interest in central bank digital currencies (CBDCs) is hot, regulators are scrutinising closely and expectations that bitcoin is going to moon soon, is causing a rumble in the crypto jungle!