Author Archives: decrypt.co

Despite the NFT backlash, the ex-YouTube Gaming head believes that gamers will eventually embrace Web3. Many crypto builders see video games as the killer app for Web3, citing perceived benefits like ownership of in-game items as NFTs, possible interoperability between games, and the potential to profit from rising token and NFT values. But by and large, gamers aren’t[Read more…]

Though Polygon has already performed tremendously this year, up roughly 42% since the year kicked off, it’s still roughly 63% off its December 2021 high of $2.92.  Polygon updates on the horizon The latest price action also comes as Polygon looks set for some major updates.  Polygon co-founder Sandeep Nailwal recently tweeted that the anticipated addition of[Read more…]

Fractal co-founder Justin Kan tells Decrypt that many game developers “want to be on Polygon.” Fractal, a Web3 gaming platform that began life on Solana in late 2021, is coming to Polygon. Today, the company—which was co-founded by Justin Kan, co-founder of popular streaming video game platform Twitch—announced that it has launched support for NFT-powered games on the Ethereum sidechain network. With[Read more…]

The once-heralded “solana killer” has bounced back, briefly bumping Polygon out of the top ten. After collapsing more than 80 percent over the course of last year, Solana is having a stellar in 2023. The price of SOL has more than doubled this month, rising more than 58 percent to $23.70 in the last seven[Read more…]

Fork it? Polygon has plans for a substantial upgrade in less than a week. After a heated community debate last month, Polygon Labs appears to be moving forward with plans to hard fork the network early next week, according to a blog post published on Polygon’s website Thursday. In the post, Polygon Labs claims the hard fork—proposed to[Read more…]

Mastercard plans to leverage Polygon to help guide musical artists into the Web3 space, including with minting their own NFTs. Mastercard announced Friday at the Consumer Electronics Show in Las Vegas, Nevada, that it will use the Polygon blockchain to launch its Mastercard Artist Accelerator. The program is designed to help musical artists learn how to[Read more…]

DeLabs, the startup behind top Solana NFT collections DeGods and y00ts, has revealed that it received a $3 million grant to move y00ts to the Ethereum sidechain Polygon. According to a statement published on Discord by founder Frank, aka Rohun Vora, DeLabs will put the funds toward hiring efforts and launch a crypto incubator to support its[Read more…]

Demand for the ex-president’s Polygon NFTs has vanished, with both sales volume and prices falling sharply. Former U.S. President Donald Trump’s official NFT trading cards were the talk of the crypto industry—not to mention much of Twitter and even late night TV—when they launched a couple of weeks ago, but the hype has since faded significantly. Secondary market sales[Read more…]

Ryan Wyatt, CEO of Polygon Studios, discusses the recent wave of major Web2 brands building on the platform. Amid a brutal crypto downturn that has only gotten worse with FTX’s collapse, one blockchain platform has repeatedly shown that it can still onboard massive brands with a collective reach of billions into the Web3 world: Polygon, the Ethereum scaling network. Recent highlights include Meta[Read more…]

After expanding to Ethereum, the top Solana marketplace will add Polygon NFTs, citing the sidechain’s Web2 partners and gaming potential. Magic Eden began life as a Solana NFT marketplace about a year ago, and it quickly rose to dominance in that space. In August, the $1.6 billion startup embraced Ethereum, the largest overall NFT ecosystem—and now it’s expanding again, this time to Polygon.[Read more…]