Polygon rolls out zkEVM, a new scaling solution to cut Ethereum fees

    Web3 infrastructure provider Polygon announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is set to become the first Ethereum-compatible scaling solution that uses the so-called “zero-knowledge proofs.” Thus, Polygon zkEVM aims to outpace Visa’s transaction throughput. Polygon first teased zkEVM at EthCC Paris in July 2021 and says it is designed to…

    Terra-based projects migrating to Polygon

    Around 50 projects built on Terra, including the NFT marketplace OnePlanet and metaverse game Derby Stars, have begun migrating to Polygon, while more are on the way. Recent Terra’s collapse wiped out billions of dollars in value. It also left dozens of projects homeless. “We will be putting capital and resources against these migrations to…

    Polygon partners with Nothing, making a bet on Web3 phones

    Ethereum scaling solution Polygon has partnered with phone maker Nothing to bring Web3 tech to mobile users. The upcoming Nothing Phone (1) will integrate Polygon’s tech for easier mobile access to dApps, games, payments, and more. While Solana recently announced its Solana Mobile Stack (SMS) software initiative and Saga phone, Polygon revealed Wednesday its own…

    The Sandbox launches the bridge to Polygon

    Giant metaverse gaming platform The Sandbox, based on the Ethereum blockchain, has unveiled a bridge that enables users to transfer their virtual NFT (LAND) and native tokens (SAND) over to the Layer-2 network Polygon (MATIC). The upgrade comes with many perks for LAND holders, including staking features and mSAND cashback. Previously, all LAND collectibles from…

    Kraken and Binance accelerate hiring drive amid crypto industry’s job cuts

    Crypto exchanges Binance and Kraken, reportedly along with layer-2 sidechain Polygon, are looking to add staff amid crashing crypto markets. While Coinbase, BlockFi, and Crypto.com are among the crypto-related companies announcing layoffs this week. The US-based crypto exchange Kraken revealed on June 15 that it has not altered its recruiting strategy and does not expect…

    Beginner’s Guide: What is Polygon (MATIC)?

    Polygon is one of the most popular Ethereum layer-2 scaling solutions with a booming DeFi ecosystem. Everything you need to know about it writes Jose Oramas on CryptoPotato. Polygon, formerly known as MATIC network, is a layer-2 scaling solution created in 2019 to address several limitations in the Ethereum blockchain, such as transaction speed, throughput,…