Tag: 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…

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…

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…

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…

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,…

Polygon, a decentralized Ethereum scaling platform, has raised $450 million in a private token sale led by Sequoia India. The funding will be used to build Web3 decentralized applications or dApps, including Polygon PoS, Polygon Edge, and Polygon Avail. This is Polygon’s first major financing round since the project began in 2017. According to Bloomberg,…