Kresus Launches Kresus Marketplace, a dApp Browser Developed in Partnership with Polygon Labs
Web3 application Kresus announced the launch of Kresus Marketplace, a dApp browser developed in collaboration with Polygon Labs. The browser will provide users with a curated list of top DeFi, gaming, and NFT projects, ensuring a seamless and secure Web3 journey. <br>
Binance Completes the Integration of CAKE on the Ethereum Network and KNC on the Polygon Network
On August 21st, according to an official announcement, Binance has completed the integration of Pancake Swap (CAKE) on the Ethereum (ERC20) network and Kyber Network (KNC) on the Polygon network. Deposits and withdrawals of Pancake Swap (CAKE) and Kyber Network (KNC) tokens are now open on the Ethereum (ERC20) and Polygon networks respectively.
Polygon partners with SK Telecom to improve dApp and reduce fees
Blockchain network Polygon has established a strategic partnership with South Korean company SK Telecom. This transaction will integrate Polygon's network into SK Telecom's blockchain platform, enabling it to handle dApps more efficiently and provide faster transaction times and lower fees. This partnership will also create new opportunities for businesses and developers to build innovative solutions using Polygon's high-performance network. This collaboration further solidifies Polygon's position as a leading blockchain platform and paves the way for exciting new applications in the future.
Polygon Accuses zkSync of Copying Code Without Attribution
Polygon has accused Matter Labs, the developers of zkSync, of copying code from its Plonky2 library without attribution and making false claims about their own work. Plonky2 and Starky are two zero-knowledge proof systems developed by Polygon that are necessary for building a ZK L2. The libraries were open-sourced under a permissive MIT/Apache license as part of Polygon's plan to be net contributors to the ecosystem. Polygon argues that exploiting open-source code without attribution goes against the ethos of the community and harms the ecosystem.
Polygon zkEVM Records 100k Daily Transaction
Polygon's zkEVM has achieved a significant milestone in the blockchain industry by processing 100,000 transactions in a single day for the first time. This demonstrates the trust and confidence that the community and developers have placed in Polygon's Layer 2 scaling solution. The platform has also produced over 401,000 ZK-Proofs and has over 297,000 wallets, with 246 active wallets on the network. Polygon's success is closely tied to its growing ecosystem, with developers and projects across various industries recognizing the potential of its Layer 2 solutions, particularly in the DeFi space, NFT markets, and gaming dApps.
Polygon's NFT Trade Metrics Plummet, but Positive Signs Emerge with Polygon 2.0 and zkEVM Gaining Traction
The NFT trade count and volume on Polygon's MATIC ecosystem experienced a significant decline in the past month, indicating reduced usage. However, the recent popularity of Polygon 2.0, zkEVM, and NFTs could change the scenario. Despite the decline, there is still potential for the blockchain's NFT ecosystem to flourish, especially with the upcoming launch of One Planet NFT marketplace on Polygon 2.0. While MATIC's price has been under pressure, some metrics suggest a trend reversal, such as the declining exchange reserve and oversold stochastic.
Polygon and Suku Partner to Launch Open Edition NFT Collection Minted on Twitter
Polygon and Suku partnered to launch an open edition NFT collection that was entirely minted on Twitter, with over 50,000 NFTs minted by users within 48 hours. Suku utilized Twitter's user-centric approach to onboard newcomers into crypto and offered NFT holders its web3 wallet for managing the NFTs minted on Twitter. The free NFT collection from Suku led to over 48,000 wallet downloads and over 88,000 social mentions for Suku and Polygon. Suku plans to expand to other social media platforms, including Facebook, Reddit, Instagram, and LinkedIn, and is pioneering a user-centric approach to blockchain technology.
Suku Launches Digital Wallet Solution Using Twitter Handles for Crypto Transactions
Suku, a web3 firm, has launched a digital wallet solution that allows users to create a wallet and send digital crypto using their Twitter handles. The wallet has already been downloaded by over 48,000 people. Suku aims to simplify the adoption of web3 among everyday internet users by creating intuitive products that don't require prior knowledge of the crypto space.
Polygon (MATIC) Price Drops 18% Amid Concerns Over Token Migration Plans
The price of Polygon (MATIC) has fallen by 18% since the announcement of plans to migrate to a new native token called "POL" on July 13. This has caused uncertainty among investors, as evidenced by a decrease in the number of new MATIC wallet addresses being opened on the Polygon network.
Bruce Lee's Metaverse Tribute: Celebrating the Martial Arts Icon in a Unique Digital Experience
Next-gen social entertainment platform, BYTE CITY, has partnered with the Bruce Lee Foundation to create a digital tribute to the legendary martial artist and actor in the form of a mobile metaverse experience. The immersive platform will allow fans to engage with Bruce Lee's avatar in a party gaming environment and celebrate his life and philosophy.
Palm Network to Transition to Polygon ZK Supernet for More Accessible NFT Trading
Blockchain platform Palm Network is set to become more accessible to users by transitioning to a customized Polygon blockchain. The move will enable easier minting, trading, and collecting of non-fungible tokens (NFTs) for Palm Network users, as well as interoperability with Ethereum and the rest of the Polygon 2.0 ecosystem. Palm Network will become a Polygon ZK Supernet, which uses zero-knowledge proofs to process deposits and withdrawals from Ethereum. The transition will take place in two stages, with the platform becoming a proof-of-stake consensus mechanism network on August 23 and transitioning to a ZK-based layer-2 in 2024.
Lens Protocol V2 Released to Support New Use Cases and Shared Monetization for Web3 Users
Aave Companies has announced the release of Lens Protocol V2, which offers improved functionality to support new use cases and shared monetization for its growing Web3 user base. The protocol is a decentralized protocol built on Polygon that allows developers to build and deploy Web3 social apps and integrate Web3 social features with existing Web2 and mobile experiences.
Myanmar’s Shadow Government Backs Launch of Crypto-Based Bank
According to Cointelegraph, Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.
An interactive Dashboard for dApps on Polygon zkEVM is live on the BOS
According to Near, Polygon now accessible on NEAR’s Blockchain Operating System. An interactive dashboard for dApps on Polygon’s zkEVM is live on the BOS.
Polygon, PlayWay, and GameSwift Collaborate to Launch OuterLife
According to GameSwift, that game developer PlayWay has collaborated with Polygon and GameSwift, an ecosystem for one-stop Web3 game stores, to launch a game accelerator called OuterLife.
Crypto Industry Developments: Ripple Ruling, PancakeSwap-Google Cloud Partnership, OKX Supporting ETH Tokens, Polygon Token Upgrade, SEC Action Against Celsius
This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.
Polygon (MATIC) Price Surges 24% Following XRP Court Ruling, Dapps Growth, and Polygon 2.0 Upgrade Proposal
Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.
Polygon Proposes Technical Upgrade To Convert MATIC Token Into Polygon (POL) for Multi-Chain Validation
Polygon, the Ethereum scaling solution, has proposed an upgrade for its native MATIC token to become Polygon (POL), which would validate multiple chains within the Polygon ecosystem. The upgrade aims to ensure scalability without compromising security and introduce a new level of interoperability between different protocols within the network.
Polygon Executes "Indore" Hard Fork to Improve Network Stability and Shifts Focus to Time-Based Design
Polygon has completed the "Indore" hard fork as part of the larger "Inborg" update to improve network stability and eliminate potential errors. Binance has expressed support for the hard fork by halting deposits and withdrawals until the upgrade is complete.
Binance Will Support the Polygon (MATIC) Network Upgrade & Hard Fork
July 4 (Cointime) -Binance will conduct a Polygon (MATIC) network upgrade and hard fork. The upgrade and hard fork will take place at Polygon block height 44,934,656, approximately 2023-07-11 04:00 UTC. Deposits and withdrawals will be suspended from 2023-07-11 03:30 (UTC). Transactions will not be affected. After the upgrade is complete, MATIC's deposit and withdrawal services will be reopened.
