A plethora of NFT projects, devs, and their ecosystems were left stranded in the Terra wreckage. Two months later, almost 50 crypto projects and their coders based on the fallen network have now found a new home in Polygon. The projects include P2E metaverse, Lunaverse, the A.I. generated NFT universe, DystopAI, and Terra’s more successful...Read More
American social media platform Reddit has launched a new blockchain-based marketplace and a collection of collectible avatars. They can be used as profile pictures and purchased for a fixed price ranging from $9.99 to $99.99. “In this series, Collectible Avatars are limited-edition avatars made by independent artists, in partnership with Reddit, and provide owners with...Read More
Polygon has announced a partnership with Nothing, the creator of Phone (1). The Ethereum scaling protocol’s tech will be integrated into Nothing’s first smartphone. While Polygon won’t be manufacturing its own smartphone, the partnership aims to bring crypto and NFTs to a larger audience by enabling access to Web3 functionality to such users. Polygon-Nothing The...Read More
Bitcoin and the cryptocurrency market’s downturn have left industry experts anticipating an extended winter. But Polygon co-founder Sandeep Nailwal believes the big picture for Web 3 remains bullish. The exec asserted that the correction has more to do with “macro” than any fundamental weaknesses in the Web 3 sector. What’s Next? In the latest Twitter...Read More
Polygon USDC, a bridged version of the USDC hosted on Ethereum, will now be available for making remittances and withdrawals on Circle platforms. The latter is a peer-to-peer payments tech company and also the issuer of the stablecoin. Polygon, on the other hand, is Ethereum’s leading layer-two network. Last month’s statistics show it supports over...Read More
When RJ Phillips launched Onlyfans, he started a whole new movement of democratization of the adult industry. Now, he wants to conquer the WEB3 with a new NFT project. The founder of OnlyFans has announced the launch of a Trading Card Platform named “Zoop.” The decentralized NFT trading platform will be available for all types...Read More
Tether – the company behind the world’s largest stablecoin – has now launched its premier Tether token (USDT) across Polygon. This will bring Tether’s utility to thousands of dapps running on the blockchain. Polygon is a layer 2 scaling solution for the Ethereum network. It allows for speedier transactions with lower fees, using technologies like...Read More
San Francisco-based fintech giant Stripe announced its latest advance into cryptocurrency by partnering with Twitter. According to the new pilot program, Stripe will let a small group of creators send and receive payments in USDC via its payment platform, Connect. Creators can thus directly manage their account details through the Stripe Express app. Stripe’s Crypto...Read More
Prominent decentralized exchange Uniswap accounts for almost 50% of the market share on the Ethereum layer 2 aggregator – Polygon. It managed to achieve this feat only three months after its deployment on the Polygon network. Uniswap – Market Leader on Polygon Uniswap Labs, the company behind the popular DeFi protocol, tweeted, referring to data...Read More
Polygon Network recently announced intentions to offset its carbon footprint this year. The blockchain project revealed that it had pledged $20 million toward its plans of becoming carbon neutral and climate effective. As per the announcement, Polygon noted that it aims to implement a multilayered strategy targeted at creating a sustainable future for its ecosystem,...Read More
Venture capital firm Sequoia Capital led a financing round for the Ethereum layer 2 scaling solution Polygon, becoming the latest Silicon Valley company to invest in the Web3 space. According to CNBC on Monday (February 7, 2022), Polygon recently raised $450 million, with Sequoia Capital leading the investment. Other companies involved in the fundraising round...Read More
Ryan Wyatt, who until today was Global Managing Director at YouTube Gaming, announced his resignation as part of a move that will take him deeper into the depths of the metaverse and the crypto realm. In an emotional farewell shared via Twitter, Wyatt expressed his satisfaction and gratitude to the YouTube team, to whom he...Read More
Leading Ethereum layer-2 scaling solution, Polygon, announced today that the much-awaited Ethereum Improvement Proposal (EIP) 1559 upgrade will go live on the mainnet next week. Polygon’s London HardFork Set to go Live In an official announcement on Wednesday, the India-based project noted that the upgrade, which will initiate the burning of MATIC, is scheduled to...Read More
Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant...Read More
Bugs and vulnerabilities are part of a blockchain network. Polygon revealed how it dodged a bullet after detecting a vulnerability, introduced a fix, upgraded the network, paid off a bounty to the whitehat hackers, all with a silent patch. Polygon’s Silent Patch According to the latest blog post by the team, it all started when...Read More
The co-founder of Reddit continues with his cryptocurrency involvement with a new joint venture with the popular blockchain project Polygon to help developments in the Web3 sector. The press release shared with CryptoPotato informed that Seven Seven Six and Polygon plan to deploy $200 million for this new initiative. It will support startups aiming to...Read More
The global investment manager – VanEck – expanded its cryptocurrency offerings by adding two new Exchange-Traded Notes (ETNs) tracking the performance of Avalanche and Polygon. The company has already launched such products on Bitcoin, Ethereum, Polkadot, Solana, and Tron. Avalanche And Polygon ETNs Joined The List The global investment management company – VanEck – disclosed...Read More
AscendEX, a cryptocurrency exchange that recently celebrated its third anniversary, confirmed that numerous tokens were maliciously transferred out of its hot wallet earlier today. While the firm is yet to affirm the total amount stolen, early estimations show that the funds are worth roughly $80 million. The company admitted to detecting an undisclosed number of...Read More
Ethereum layer 2 scaling solution Polygon has announced the acquisition of zero-knowledge (ZK) technology developer Mir for $400 million. As per reports, the platform conducted the purchase with 250 million MATIC tokens for $1.60. The acquisition was announced at the backdrop of Polygon’s “zk day” virtual event. Since the transaction, MATIC’s price has risen by...Read More
Blockchain monitoring and workflow automation platform PARSIQ has recently completed the integration of the Polygon network into its ecosystem. PARSIQ Integrates Polygon According to a Monday press release shared with CryptoPotato, investors, traders, and development teams can now access several Polygon blockchain data in real-time via the PARSIQ platform, acquire immediate feedback, and explore various...Read More
San Francisco-based digital asset management firm – Bitwise Asset Management – has announced the launch of its Bitwise Polygon (MATIC) Fund. According to an official press release shared with CryptoPotato, the Fund will serve as a professionally managed investment vehicle that will give Bitwise’s wealthy clients access to MATIC, the Polygon network native cryptocurrency. The...Read More
