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2022-11-12 22:52:01 Polygon Connect event is set to bring together Web3 enthusiasts of India

The ongoing 'Web3: Made in India Tour' by Polygon, a month-long initiative by the company, is covering eight events across India this month, culminating on December 1, 2022 with the Polygon Connect event in Bangalore. According to the company, "And at the end of November, the Web3: Made in India Roadshow will culminate in the first-ever Polygon Connect: India in Bengaluru, on the eve of ETHIndia. All speakers and partners will be unveiled in the coming weeks, but think of the biggest names in Web3, then think bigger. Connect will also feature a special guest performance by a beloved Indian artist.".

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2022-11-11 22:40:00 Wintermute-Backed DEX Bebop Launches on Polygon

Bebop, a decentralized exchange (DEX) incubated by crypto trading firm Wintermute, has launched on Polygon. Compared to other DEXs, Bebop has the ability to trade a basket of tokens in a single transaction, a feature the project calls its signature “one-to-many” and “many-to-one” trading. Bebop says it chose to launch on Polygon due to the network’s “low fees, high speed and sustainable proof-of-stake model." Bebop first launched on the Ethereum blockchain this past June. By decentralized finance standards, “Polygon fees are negligible, which is paramount for delivering this efficiency to all users, for any transaction size,” said Bebop’s head of product, Katia Banina, in a statement.

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2022-11-10 22:29:03 OnePlanet To Support Polygon NFTs Via New Launchpad Service

Continuing its support of the Polygon nonfungible token ecosystem, NFT marketplace OnePlanet has just announced a revived version of its launchpad service. Creators can now mint their collections to Polygon directly through the platform. OnePlanet was originally among the premier NFT marketplaces on the Terra network. After the blockchain’s native stablecoin UST suffered a major meltdown in May, the platform shifted its operation to the Ethereum scaling solution Polygon. The NFT marketplace OnePlanet has revived its launchpad on the Polygon network. The feature was originally launched in January on the Terra blockchain. However, Terra’s meltdown in May — caused by its native asset LUNA hyperinflating — forced the project to move to Polygon in September.

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2022-11-09 23:30:19 Chainlink announces staking in December

Chainlink price is yet to escape the selling pressure traversing the crypto market. The oracle price feed token tumbled after running into resistance at around $9.50. Although tentative support at $8.00 could have absorbed the selling pressure, the entire crypto market generally sustained losses emanating from a bank run-like withdrawal on FTX exchange. Chainlink Staking v0.1 is already available but only to selected users who are privileged to get early access. According to the network, “community members can use the App to check if they qualify for a chance to participate in the early staking phase of v0.1.”

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2022-11-09 00:29:02 Polygon adds 43 million unique addresses in 5 months as MATIC soars 25% in a week

Polygon (MATIC) is recording double-digit weekly and monthly gains, along with significant growth of its network over the past several months. Polygon has added 42,869,034 unique addresses to its chain between June 7 and November 7, 2022, according to the data retrieved. Polygon’s native token MATIC has been recording major increases, with its price growing 27% on the week, adding up to the monthly gains of 40.03%, despite a 4.83% decrease over the past 24 hours. It is currently changing hands at $1.14. Polygon in the near future, with votes on the CoinMarketCap Price Estimate tool predicting it would trade at a median price of $0.9053 by the end of November and $0.9086 by the end of the year.

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2022-11-08 00:29:00 Bernstein Says Polygon Blockchain Is the Web3 King

The Polygon blockchain has emerged as the leading gateway for moving Web2 consumers to Web3, Bernstein said in a research report Friday. The system has been chosen by Starbucks (SBUX), NuBank, Reddit, DraftKings (DKNG), Robinhood Markets (HOOD) and Facebook parent Meta Platforms' (META) Instagram. Polygon’s native cryptocurrency, MATIC, rallied 30% in two days last week after Meta said it would introduce a toolkit allowing Instagram users to mint and sell Polygon-powered non-fungible-tokens (NFTs). Web3 represents the next generation of the internet that promotes decentralized protocols and aims to reduce dependency on large tech companies.

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2022-11-06 22:29:02 Polygon Witnesses Sharp Drop in Supply As MATIC Disappears From Exchanges

A leading analytics firm is revealing that blockchain scaling solution Polygon is witnessing a dramatic drop in the supply of MATIC on crypto exchanges even after the token’s explosive rally in the last few days. “MATIC’s supply on exchanges continue to fall even as prices skyrocket, indicating that folks are pretty confident about further price rise.”. MATIC is in the midst of a blazing rally to kick off November, opening the month at $0.90 and surging to as high as $1.30 for a 44% increase in less than a week. Looking at MATIC’s other on-chain metrics, Santiment says that the coin’s rally comes as Polygon sees its highest network growth in months.

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2022-11-05 22:29:01 Polygon Studios' Ryan Watt talks Web3's core principles and fairer internet

Ryan Wyatt, the CEO of Polygon Studios, shares his thoughts on blockchain upgrades and his plans for Polygon in supporting the upcoming Web3 disruption. The year 2022 in crypto was eventful in many ways. However, the negative impacts of a bear market dampened the excitement around the blockchain upgrades that significantly brought crypto ecosystems closer to the future of finance. For Bitcoin, it was the Taproot soft fork upgrade, which was aimed at improving the scripting capabilities and privacy of the Bitcoin network. Ethereum underwent the Merge upgrade to transition from a proof-of-work to a proof-of-stake (PoS) consensus mechanism.

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2022-11-04 23:00:01 Seedify and Chainlink Labs Establish Channel Partnership To Boost GameFi and NFT Growth

Chainlink Labs to support our ecosystems with time-tested Chainlink oracle services and further fuel the growth of GameFi and NFTs. Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. Chainlink Labs is dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain. The Chainlink ecosystem features over 1,500 Web3 projects that use decentralized oracle networks to seamlessly access services such as decentralized data feeds, a verifiably random number generator, a proven smart contract automation solution, and reliable asset reserve verification.

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2022-11-03 22:29:00 Polygon surges 10% following Instagram integration announcement

Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. According to the Nov. 2 announcement, selected creators in the United States would be able to make their digital collectibles which can be sold both on and off Instagram. The platform continued that its users could also now showcase video NFTs, and the metadata of certain collections, which include their descriptions and names, would be provided by OpenSea.Meanwhile, Meta stated that it was extending its support to the Solana (SOL) blockchain and the popular Phantom Wallet.

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