Polygon Co-Founder Sandeep Nailwal Launches Web3 Fellowship, Commits to $500K Annual Investment
Polygon co-founder Sandeep Nailwal has launched the Nailwal Fellowship program which will invest $500,000 annually to support 10 Web3 projects. Each fellow will receive a $50,000 grant and access to resources from Symbolic Capital, Nailwal's venture capital firm. The fellowship aims to attract talented individuals to the Web3 sector by providing financial support and resources to pursue innovative ideas. The 6-month program will select fellows through an application and interview process. The fellowship seeks to provide founders the support to fully dedicate themselves to building and embracing entrepreneurship in the Web3 space.
Polygon's zkEVM Scaling Solution Achieves Record High Transaction Volume on Ethereum Network
Polygon zkEVM, a scaling solution on the Ethereum network, has experienced a surge in popularity and adoption among users, as evidenced by a 70% increase in Total Value Locked (TVL) and a record-breaking 130,000 transactions in a single day. The platform's use of zero-knowledge proofs (zk-proofs) enhances the privacy and security of transactions, making it an ideal choice for financial applications that require a high level of privacy and security. Given the growing demand for fast and affordable transactions, the Polygon network is expected to continue its significant growth in the future. For those interested in investing in crypto presale projects for 2023, our updated list includes the TAGSPolygonPolygon zkEVM project, as well as our updated list of crypto Telegram channels for 2023, which can help you stay informed and make informed investment decisions.
Global Market Cap Drops 1.39% in Correction Phase, Bitcoin and Altcoins Record Losses
The global market cap has decreased by 1.39% in a day of trading, bringing the total cap to $1.13T and causing a correction phase in today's market session. Bitcoin has also experienced a small correction, dropping by 1.6% within a day of trading and facing new resistance at $28K.
Nailwal Fellowship Launches to Support Early-Stage Web3 Builders with $50K Grants and Mentorship
Polygon co-founder Sandeep Nailwal and Symbolic Capital have introduced the Nailwal Fellowship, which aims to provide financial support to early-stage builders transitioning from Web2 to Web3. The program is open to all Web3 builders, regardless of age or location, and will accept applications from May to early June each year.
Tron (TRX) Moves Closer to Entering Cryptocurrency Top 10 as Polygon (MATIC) Falls to Five-Month Low
Tron's token, TRX, rose by almost 2% on Wednesday, bringing it closer to entering the top 10 cryptocurrencies. This increase came despite a slight decrease in the global market cap. Polygon, which currently holds the tenth position, fell to a five-month low. TRX is now slightly above a long-term resistance level of $0.070, and if it continues to climb, it could reach a three-month high of $0.072. Meanwhile, Polygon's RSI has fallen below 30.00, which may give bulls hope for a reversal soon.
Polygon (MATIC) Falls Under Bearish Pressure: Is It a Good Time To Invest?
Polygon Network, a major player in the blockchain industry, has seen a steady decline in the value of its native token, MATIC, in recent weeks. This is not surprising given the negative market sentiment affecting many altcoins. While the volatility of MATIC's price may present opportunities for traders, it also poses a risk for inexperienced investors. On-chain analytics platform Santiment has reported large whale transactions on the Polygon network, suggesting that holders are selling off their MATIC tokens.
Polygon Co-Founder Expresses Disappointment Over Lack of High Quality Blockchain Applications and Rise of Memecoins
Sandeep Nailwal, co-founder of Polygon, expressed disappointment over the lack of high-quality applications built on the blockchain space. He criticized the constant demand for memecoins, stating that it is not a good sign for the industry in the eyes of investors and regulators. Nailwal acknowledged the power of layer blockchains Bitcoin and Ethereum but expressed bearishness about the development space in blockchain, as there are no real high-quality applications in the blockchain space that can handle 50 to 100 million users. This comes in the context of expanding the web 3.0 further into the mainstream world.
Polygon (MATIC) Price Fluctuates as Trading Volume Increases; Securitize Launches on Polygon Despite Price Drop
The price of Polygon (MATIC) is slightly decreasing today as bears attempt to take control. However, trading volume has increased by 16%, indicating growing interest from traders. MATIC is currently trading within the $0.9 to $1 price range and is experiencing a sideways trend. Technical indicators suggest that MATIC may experience further price decline before a bullish rally. Despite the price drop, trading firm Securitize has launched a feeder fund on the Polygon blockchain, which could eventually benefit the network and its price.
Aether Games Secures $4.5M in Token and Equity Funding
Aether Games is a transmedia development studio that aims to set a new standard in the gaming industry by weaving together traditional gaming, blockchain technology, and captivating narratives across various media formats.
Hamilton Lane Offers Polygon-Based Tokenized Access to a Second Fund
Hamilton Lane (HLNE), an investment-management firm with $824 billion in assets under management and supervision, is offering tokenized access to a second fund. The access is provided through a feeder fund from Securitize on the Polygon blockchain.
