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Polygon Labs Execs Outline Regulatory Framework to Combat Illicit Activity in Defi
31.1.2024
A paper prepared by two Polygon Labs executives and a former Financial Crimes Enforcement Network (FinCEN) director presents a framework to combat illicit activity in decentralized finance (defi) markets. The document proposes three different classes for defi platforms, including platforms...
KMON integrates Polygon PoS: Launching a Groundbreaking AI-Driven NFT
30.1.2024
In an exciting development for the Web3 gaming ecosystem, Pink Moon Studios, previously known as Kryptomon, has announced a significant strategic move: the migration of its popular KMON games from the BNB chain to Polygon PoS. Celebrating this migration, Pink Moon Studios and Polygon ecosystem...
Web3 Gaming Firm Immutable Opens zkEVM Mainnet Early Access with Polygon
29.1.2024
Gods Unchained developer Immutable launched early access for its zkEVM Mainnet powered by Polygon on Monday. In the early access period, a mainnet deployer allowlist will be in place to guarantee operational smoothness and user security. Initially, this allowlist will include specific game studios...
How To Stop Criminals From Exploiting DeFi, According To Polygon Labs
29.1.2024
Polygon Labs – the main developers behind the blockchain scaling network Polygon – published a research paper on Monday explaining how the government should go about regulating the DeFi industry. From the Treasury Department to the U.S. Senate, politicians have been loudly criticizing crypto’s...
As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians
29.1.2024
The goal of these "protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?
2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses
28.1.2024
In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78%...
Polygon Nearly Matches Ethereum in Crypto User Acquisition in 2023
26.1.2024
Layer-2 scaling network Polygon (MATIC) came close to matching Ethereum (ETH) in terms of crypto user acquisition in 2023. According to blockchain analytics firm Flipside, Polygon acquired an impressive 15.24 million users during the year, falling just shy of Ethereum’s 15.4 million users....
Polygon Labs and Warner Music Group Accelerate Web3 Evolution in Music
26.1.2024
In collaboration with Warner Music Group (WMG), Polygon Labs has unveiled the two grant recipients for the inaugural Web3 Music Accelerator program. The initiative, announced in June 2023, aims to foster innovation at the intersection of Web3 and the music industry. The Web3 Music Accelerator...
Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money
25.1.2024
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like "The Bachelorette," with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate
Polygon Introduces ‘AggLayer,’ Aims to Simplify Blockchain Integration Across Platforms
25.1.2024
Polygon Labs plans to release “AggLayer,” a new blockchain aggregation layer, in February. This development aims to enhance interoperability across blockchain platforms. According to Polygon’s recent blog, AggLayer is designed as a centralized protocol that aggregates zero-knowledge (ZK) proofs...
Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains
24.1.2024
The new "AggLayer," set for launch next month, relies on zero-knowledge proofs, a type of cryptography that Polygon Labs is betting on as a core underpinning of future blockchain architecture
Polygon (MATIC) Competitor Pandoshi (PAMBO) Raises $2 Million in Presale
24.1.2024
A new decentralized finance (DeFi) platform, Pandoshi (PAMBO), is creating quite a stir in the crypto community. This multi-faceted ecosystem has raised an impressive $2 million in its ongoing presale, showcasing its vast potential in the DeFi space. Powered by a Layer 2 network and...
Polygon rival signals a 5000% rally that could propel it past MATIC this bull run
24.1.2024
As the crypto industry witnesses increasing competition among emerging and established players, all eyes turn towards a rising star that promises to redefine decentralized finance—Retik Finance. With innovative solutions, explosive token growth, and predictions of 5000% gains, Retik signals...
Polygon Labs and DELV respond to FinCEN’s NPRM on CVC mixing
24.1.2024
Polygon Labs and DELV, formerly called Element Finance, have responded to FinCEN’s proposed rule on CVC Mixing. Polygon released an official document that outlined the entire response. The document showed the concerns of both parties regarding FinCEN’s aim of regulating CVC (Convertible Virtual...
Polygon Competitor Projected to Soar from $0.008 to $10 by 202
24.1.2024
  In the dynamic world of cryptocurrencies, a new contender has emerged with the potential to rival Polygon’s success. Pandoshi, currently priced at a modest $0.008, is capturing the attention of crypto investors. With its innovative approach and a strong focus on decentralized finance...
Animoca-Backed Gaming Blockchain Reveals $15M Token Exploit
23.1.2024
Blockchain gaming project GAMEE fell victim to a token hack on Monday, losing 600m GMEE tokens valued at about $15.3m. The team revealed in an X post on Tuesday that “unauthorized access” to the GMEE token contracts on the Polygon network resulted in the loss of funds. “The exploit...
Polygon Alternate To Reach $17 From a Mere $0.08 Price in 2024
22.1.2024
Retik Finance emerges as a formidable player with the potential to disrupt the status quo. Priced at a modest $0.08, this decentralized finance (DeFi) project has garnered attention for its innovative approach and ambitious goals. Analysts and experts foresee a significant surge, projecting Retik...
Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains
20.1.2024
The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s sales amounted to $106 million, overtaking...
NEAR Foundation announces Polygon CDK-NEAR DA integration
19.1.2024
NEAR Foundation has announced the merging of NEAR DA and Polygon CDK. The technical integration aims to pass on the benefits of cost-effective data availability to rollups, particularly at a time when data publishing costs are at their highest. NEAR DA has been chosen for its efficiency and robust...
Polygon Labs chosen to join the Tokenized Asset Coalition
18.1.2024
Polygon Labs is pleased to announce its membership in the Tokenized Asset Coalition (TAC). Polygon Labs was among the sixteen new members accepted by the TAC from a pool of over 300 applicants. Polygon Labs will be one of sixteen members who plan to move more than $1 trillion in assets on-chain....