Category Archives: Polygon news

Polygon Labs announced that it has open-sourced its Web3 ID solution, as indicated in a blog post from the company on March 1. Polygon initially announced the suite of tools in March 2022 and released it over course of the year. The toolset allows developers to leverage zero-knowledge proofs (or zk-proofs) to manage user credentials and identity in[Read more…]

Layer-2 scaling solution developer Polygon Labs has launched a new product based on zero-knowledge proofs: Polygon ID. The product operates as an identity infrastructure for facilitating and securing connections between decentralized applications and Web3 users. According to the developers, Polygon ID will follow principles of self-sovereign identity by default, enabling organizations to issue verifiable credentials[Read more…]

0x Labs, the blockchain development team behind 0x Protocol, has launched a new transaction relay API built for Polygon and Ethereum. According to 0x Labs, the transaction relay API (application program interface) is designed to create a more streamlined experience for developers who are looking to build frictionless crypto experiences. For the most part of[Read more…]

Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solutionto the public nearly a year after announcing its development. The Polygon ID service uses zero-knowledge proofs (ZK proofs) that use cryptographic techniques to allow users to verify their identity online without having their sensitive information passed or potentially stored with a third party.[Read more…]

Web3 oracle provider Chainlink has unveiled a new serverless developer platform, ‘Chainlink Functions,’ on its Web3 services platform to empower developers to build decentralized applications and connect smart contracts to any web2 API. Quick Take The need for Chainlink Functions in Web3 development Chainlink is one of the leading blockchain oracle providers allowing dApps across[Read more…]

Polygon, the Ethereum sidechain, released a web3 identification service called Polygon ID that will allow blockchain-based applications to authenticate user credentials without compromising personal information. Polygon-based crypto and NFT projects such as Kaleido, Fractal and Collab.Land, have already shown support for Polygon ID, which is accompanied with a developer toolkit. The offering can verify user[Read more…]

Although the crypto market sentiment has not improved much from the past-day reading, many digital coins’ prices have recovered a bit in the last 24 hours. As many cryptocurrency prices test the green zone today, Toincoin (TON) joined the class of gaining coins with an over 3% gain over the past 24 hours.  Toncoin’s price performance since[Read more…]

Blockchain agnostic connectivity layer Redeem has raised $2.5 million to enable individuals to participate in web3 using just their phone numbers. The pre-seed funding round is led by Kenetic. Other investors in the round include VC3 DAO, CMT Digital and Flyover Capital, the company said in the release. The startup, founded by Toby Rush, a[Read more…]

Decentralized oracle network Chainlink has launched a new developer platform called Chainlink Functions to help connect decentralized applications (dApps) with traditional web apps in a seamless manner. The platform is now available in beta on the Ethereum Sepolia and Polygon Mumbai testnets. Chainlink’s oracle network is designed to enable smart contracts and applications to utilize off-chain data[Read more…]

0x Labs announces the launch of Tx Relay API beta on Polygon and Ethereum, with Robinhood Wallet as first partners to simplify crypto trading. Decentralized exchange infrastructure protocol 0x Labs on Wednesday announces the launch of Tx Relay API beta on Polygon and Ethereum. Meanwhile, crypto trading platform Robinhood announces that its Robinhood Wallet now supports both Polygon and Ethereum[Read more…]