Category Archives: Polygon news

Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday after CEO Changpeng Zhao had earlier signaled a plan to launch it. Binance poured an initial $1 billion into the vehicle. Meanwhile, Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands,[Read more…]

In 2022, Polygon (MATIC) was one of the networks in the cryptocurrency market that partnered most with important companies, such as Starbucks, Disney and Nubank, for example. These facts contributed to the altcoin ecosystem growing, even in a bear market, and more factors can make the cryptocurrency among the highlights of 2023. Polygon arrived in[Read more…]

Data shows a Polygon whale has just moved around $7.8 million in MATIC to the crypto exchange Binance, something that may be bearish for the crypto’s price. Polygon Whale Has Just Transferred 9 Million MATIC On The Chain As per data from the crypto transaction tracker service Whale Alert, a massive MATIC transfer has been spotted[Read more…]

Binance has announced the “Industry Recovery Initiative” in order to provide financial support to promising companies who are in need. Binance has announced the formation of what it refers to as an “industry recovery initiative” in the wake of the failure of the cryptocurrency exchange FTX and its sister company, Alameda Research. The fund’s primary objective is[Read more…]

Binance’s industry recovery fund, to which it’s already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR.  Aptos Labs, Animoca Brands and Kronos are also among some of the other early contributors, CEO Changpeng Zhao said. These firms joined the recovery fund with an initial aggregate commitment[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…]

Next month, Polygon zkEVM will be center stage at ETH India and Polygon Connect, our dev-driven sessions preceding the conference. Polygon co-founder David Schwartz will lead several discussions on Polygon zkEVM, including “zkEVM & Polygon ID: A Major Milestone in Ethereum,” on the main stage, and “zkEVM: The New Ethereum Dev Frontier,” on the side […] The post Polygon zkEVM Arrives at ETH India appeared first on Polygon | Blog.

Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. Once integrated, Magic Eden will be available on three different blockchains, with Ethereum making up the other offering. A Magic Eden blog post explained the team is “open to all the possibilities that innovation brings.” When tied with the overall[Read more…]

The years 2021 and 2022 haven’t been kind to crypto investors. Some cryptos fell more than 90% in 2022, with no hope of rising. Since there have been a lot of ups and downs (mostly downs) in the crypto market, even big names in the crypto industry, like Binance Coin (BNB) and Polygon (MATIC), have[Read more…]

Leading NFT marketplace Magic Eden took a step further in its multi-chain expansion as it announced support for non-fungible tokens (NFT) minted on Ethereum scaling layer-2 blockchain Polygon.  While native to the Solana blockchain, Magic Eden commenced its cross-chain expansion in August when it launched its launchpad and aggregator on the Ethereum blockchain. On the decision to[Read more…]