10 Million Reddit Accounts Are Currently Involved in NFT Ownership, and the Tokens Have a Market Capitalization of Over $38 Million
Reddit's NFTs, also known as Reddit collectibles, have been a major hit since their launch in July 2022. These tokens are unique, affordable, and securely stored on the Polygon (MATIC) blockchain platform, which has made them very popular among users.
Coinbase Wallet Introduces Gas-Free USDC Sends on Polygon
Coinbase Wallet has launched a new feature that allows users to send USDC without worrying about network fees on the Polygon network. This integration not only offers gas-free USDC sends but also ensures the security and reliability of transactions, making it an attractive option for cross-border payments.
Polygon and Altr Collaborate to Bring the Legendary Ferrari F40 as the Inaugural Luxury Car on Their Platform: Unlocking Luxury on the Blockchain
Lucidao has partnered with Polygon to integrate the newly launched Altr marketplace, which will feature the Ferrari F40 as its first car. The partnership will allow individuals to acquire luxury collectibles through blockchain technology on the fast and efficient Polygon platform. The Ferrari F40, known for its exceptional quality and rarity, was launched in 1987 as a tribute to Ferrari's 40th anniversary and is the first car to be featured on the Altr platform. Additionally, Altr allows collectors to purchase rare and exquisite collectibles in their entirety or as fractional ownership, utilizing the USD.
AsetPay to Launch Next-Gen Entry Pass Technology on Polygon Network with Immutable Identity Verification and Real-Time Monitoring
AsetPay has announced that it will soon integrate its Pure system on the Polygon network, leveraging the power of blockchain and smart contracts to provide a secure and future-proof entry pass solution. The integration will allow AsetPay to use Polygon's merchant feature on its network, ensuring scalability, low fees, and interoperability. AsetPay's Next-Gen Entry Pass Technology on Polygon offers an efficient, seamless, and user-friendly solution to access management, with benefits including immutable identity verification, real-time monitoring and analytics, and easy integration with existing infrastructure. As the adoption of cryptocurrencies continues to grow, gateways like AsetPay are becoming increasingly critical to the financial system of the future.
Polygon Announces Launch of Pluto MISFITS NFT Project
Polygon Technology, one of the largest blockchain ecosystems on Ethereum, has announced the launch of the MISFITS, the first polygon-native profile picture (PFP) under Pluto, its NFT flagship project.
Polygon's zkEVM Segment Drives Impressive TVL Growth
Polygon's impressive TVL growth can be attributed to the success of its zkEVM, which offers lower costs and better scalability. This has attracted investors and led to a significant increase in TVL from $1.5 million to $14 million in a short period. MATIC may also be benefiting from this growth, as it has seen a bullish trend in the last five days. However, on-chain metrics suggest that MATIC's momentum may be slowing down due to selling pressure and a decrease in daily active addresses.
Caste Certificates Based on Polygon Acknowledged by Indian Policy Think Tank
India's public policy think tank, NITI Aayog, has recognized the use of blockchain technology for issuing caste certificates in the Gadchiroli district of Maharashtra. The acknowledgement was made in a joint report with the United Nations Development Programme (UNDP) that highlights 75 best practices and policies for sustainable development goals. The use of blockchain-based certificates can help in easy verification, reduction of fraudulent claims, and improving privacy. This recognition has brought hope to the Indian crypto community for blockchain mass adoption despite the country's strict stance towards crypto.
The Cross-Chain Bridge zkBridge Under Polyhedra Has Been Integrated Into Polygon
On May 29th, Polyhedra Network, a ZK infrastructure startup, announced that its cross-chain bridge, zkBridge, has been integrated into the Polygon network, allowing users to use interoperability supported by zkBridge on Polygon.
Polygon Co-Founder Says Reddit Has "Cracked the Code" on NFT Adoption
During a recent Reddit AMA session, the co-founder of Polygon praised the social media platform for successfully introducing NFTs to its community through free airdrops and early sales of digital collectibles. He stated that Reddit is the only well-known Big Tech company that has "cracked the NFT code" and has been able to drive a lot of engagement with Reddit NFTs, resulting in the onboarding of 9.7 million users to Reddit's NFT platform. The co-founder also positioned Polygon as a business layer and stated that their long-term vision is to become the "value layer of the Internet" and act as a "business or application layer for crypto." Polygon has also partnered with brands such as Nike, Starbucks, and Sotheby's for NFT collections.
QuickSwap has launched QuickPerps, a decentralized perpetual contract exchange based on Polygon's zkEVM technology.
QuickSwap's new product, QuickPerps, is a decentralized perpetual contract exchange.
