Search Results for: Poly Network

Polygon 2.0, an Ethereum-based Layer-2 scalability solution, aspires to democratize the global economy by creating a user-centric, equitable internet experience. However, uncertainty looms due to the SEC ruling on its native cryptocurrency, MATIC. The new iteration focuses on unification, infinite scalability, and leveraging Zero-Knowledge technology for seamless interaction.

Polygon Labs announces “Polygon 2.0,” a set of upgrades designed to establish the “Value Layer” of the internet, enabling users to create, exchange, and program value online. Powered by Zero-Knowledge (ZK) technology, Polygon 2.0 aims to support limitless chains and seamless cross-chain interactions, potentially transforming internet use and blockchain integration while facing regulatory challenges.

Polygon unveils its upcoming project, Polygon 2.0, focusing on development and deployment outside the US amid a tough regulatory environment. With the aim to attract the global community’s attention, Polygon 2.0 will be a network of ZK-powered L2 chains, emphasizing community-driven decisions and facing challenges from US regulatory crackdowns on digital assets.

Kraken is set to launch its NFT Marketplace on the Polygon network, featuring over 250 collections and zero trading fees. The integration aims to ensure ultra-fast and efficient performance in the NFT space, attracting artists and enthusiasts.

Digital asset infrastructure provider Taurus integrates with Polygon blockchain, enabling clients to issue digital securities. With tokenization gaining popularity, Taurus draws interest from major banks like Credit Suisse and Deutsche Bank, blending traditional finance with innovative Web3 solutions.

The partnership between Swiss digital asset infrastructure provider Taurus and Ethereum scaling network Polygon highlights the growing traction of blockchain technology and tokenization within mainstream finance. With numerous financial institutions seeking blockchain-agnostic and token-agnostic infrastructure, the landscape will continue to evolve, attracting players from various sectors and revolutionizing asset management solutions while addressing security, scalability, and compliance concerns.

Deutsche Telekom enters blockchain sector by supporting Polygon infrastructure as a validator, aiming to boost security and decentralization. The partnership is expected to unlock ownership and autonomy, making Web3 technology more accessible and encouraging businesses to embrace blockchain via Polygon.

Deutsche Telekom has entered the blockchain space as a validator on Ethereum scaling solution, Polygon, providing staking services and enhancing the potential of blockchain technology. This move reflects their growing interest in the industry, attracting large-scale investors and driving innovation in decentralized finance.

Deutsche Telekom partners with Ethereum Layer-2 scaling platform Polygon, joining as one of the 100 validators on its Proof-of-Stake (PoS) network. The collaboration aims to improve the Ethereum ecosystem and strengthen Polygon’s protocol security, governance, and decentralization, attracting attention across multiple industries.

Cabin, a digital-native coliving city project, introduces a global alliance of self-governing neighborhoods for remote workers and creators through blockchain-powered membership. These affordable, accessible neighborhoods aim to foster human creativity by integrating cabins in close-knit communities, with citizenship access granted via NFTs and governed by the Cabin token.

Multicoin Capital leads a $2.3 million seed funding round for FastLane Labs, a maximal extractable value (MEV) protocol designed for the Polygon network. FastLane Labs offers an innovative auction system that rewards validators without spamming the blockchain, using off-chain and external auctions to minimize redundant transactions.

Aave V2 users on the Polygon blockchain have faced difficulties accessing funds due to a faulty upgrade in the ReserveInterestRateStrategy contract, affecting various token holders. Despite challenges, Aave governance proposed a solution and continues to address the issue while maintaining platform stability.

Aave recently faced an issue with its V2 Polygon platform, preventing users from interacting with Wrapped Ether, Tether, Wrapped Bitcoin, and Wrapped Matic pools, and withdrawing assets. Aave V2’s ReserveInterestRateStrategy upgrade is incompatible with Polygon, impacting assets worth $110 million. Aave assures funds are safe, pending a governance vote to resolve the issue.

Ethereum’s high-performance scaling solution, Polygon zkEVM, has witnessed significant success with a new all-time high in transaction volume and a 70% increase in Total Value Locked. Polygon zkEVM offers enhanced privacy, security, low transaction fees, and quick confirmation times, making it highly attractive for financial applications.

Chia Network launched the Chia Open Digital Economy (CODE) framework, aiming to empower an open metaverse of games and applications with interoperable assets. Chia announced a proof-of-concept trading card game, ChiaTCG, embracing Chia NFTs and turning them into playable cards, showcasing the potential of NFTs within gaming.

In response to the surge in DeFi exploitations, a developer proposes a new Ethereum request for comment (ERC) introducing a “DeFi circuit breaker” concept. This proposed measure aims to limit large, suspicious outflows from DeFi protocols, potentially decreasing losses from hacks by 70%. However, the effectiveness of this potential security layer and its implications remain unclear.

Blockchain technology promises to revolutionize finance with decentralization, transparency, and reduced fees. However, concerns about security, regulation, anonymity, environmental impact, and resistance from traditional financial institutions must be addressed for its broader adoption and success.

Circle, the blockchain and finance tech firm, has revealed its native USDC tokens on the Ethereum Layer 2 scaling protocol, Polygon. This move aims to allow smoother accessibility of USDC to users and developers. Businesses using USDC on Polygon can create decentralized applications for near-instant, low-cost transactions, revolutionizing payments, remittances and trading. However, adoption faces challenges including complex technology and security concerns.

“Web3 gaming, a blend of video gaming and blockchain technology, is revolutionizing the gaming scene with aspects like decentralization, true ownership, and community. Innovations such as play-to-earn, NFTs offer a respite from Web2 monopoly. However, the fast-paced progress of Web3 gaming requires keeping up with promising projects in the blockchain-oriented gaming ecosystem.”

“Wirex, a global digital payment platform, introduces W-Pay, an App Chain powered by Zero-Knowledge technology. Aimed at enhancing connections between DApps, non-custodial wallets, and traditional payment systems, it offers swift, secure transactions and total fund control. The Ethereum Virtual Machine compatibility ensures diverse functionalities and promotes crypto ecosystem interoperability.”

Starbucks is celebrating the 20th anniversary of its Pumpkin Spice Latte with non-fungible token (NFT) collectibles through its web3 rewards platform, Starbucks Odyssey. These NFTs, named “The PSL Collection: Spiced Stamp,” exhibit a unique merger of blockchain tech and customer loyalty programs, indicating the potential future of blockchain technology in the world of big brands.

Immutable is set to launch its Ethereum-based gaming platform, Immutable zkEVM, aiming to enhance the revenue model, player experience, and developer journey in the gaming world. With over 50 games committed to it, the platform is also planning technical upgrades to ensure better compatibility with Ethereum, aiming to foster a harmonious operational relationship between the two platforms.