Category Archives: Polygon news

After CryptoKicks comes .Swoosh, a destination for virtual apparel and other NFT-based products, with the first drop due in January Nike has been one of the biggest fashion-world players in Web3 through RTFKT, the NFT and digital apparel startup it acquired in late 2021, and we’ve seen the apparel giant gradually bring its own brand into the space as well. Now Nike[Read more…]

Nu Holdings reported a surprise net profit of $7.8 million, besting analyst expectations for a net loss of $9 million. The Sao Paulo-based neobank’s third-quarter revenue totaled $1.3 billion, topping the average analyst estimate of $1.24 billion as compiled by FactSet. Shares rose 11% in post-market trading. NuCripto reached 1.3 million customers following its full[Read more…]

Crypto.com CEO Kris Marszalek dismisses rumors of insolvency as exchange sees massive outflow, Retail investors withdraw over 72,900 BTC off exchanges following FTX fall out, and much more in this edition of CryptoSlate Wrapped Daily. The biggest news in the cryptoverse for Nov. 14 includes Crypto.com CEO saying his exchange accidentally transferred 320,000 ETH to[Read more…]

The fierce rivalry for supremacy in NFTs is expected to increase with the launch of MIATA NFT marketplace on the Terra Luna Classic Chain. The NFT sector has been a hot seat for newer projects trying to clinch the number one spot. And it will soon be welcoming a new entrant from the Terra Classic[Read more…]

Polygon has been celebrating different wins lately but its latest one slaps different. With the network leaning heavily towards metaverse offerings, Polygon has become the first blockchain network to host an airport metaverse courtesy of BLR Airport. Here’s why this is important. BLR Airport’s new metaverse on Polygon highlights the potential use cases, especially for commercial[Read more…]

Kraken, a popular crypto and derivative exchange, announced journalists are collecting all information regarding funds sent to the exchange through erroneous transactions on the Polygon network. Kraken is looking into the transactions Kraken, a popular crypto and derivative exchange based in San Francisco, made an official announcement on Reddit regarding the recent wrongful fund transfers. The exchange announced that[Read more…]

GBM’s Bid-to-Earn smart contracts, which let bidders make money even if they are outbid, are now optimized for Polygon helping make non-fungible token (NFT) drops work better for all the parties involved. Current distribution methods of NFTs are deeply flawed. First-come-first serve approach reduces revenues for the projects and favors bots while pushing regular users […] The post GBM Auctions Coming to Polygon to Make NFT Drops More Fun, Fair and Rewarding appeared first on Polygon | Blog.

On Nov. 10, 2022, as the crypto space was going through its Lehman Brothers moment with the collapse of FTX, a group of builders were focusing on the next chapter in Web3’s history. At the Alliance DAO demo day, teams pitched their solutions to real-world problems, with Polygon developers delivering some of the most memorable […] The post Polygon Devs Shine at Alliance DAO’s Demo Day appeared first on Polygon | Blog.

A crypto analyst who continues to build a following with accurate Bitcoin and altcoin calls as of late is addressing holders of Dogecoin (DOGE) and Polygon (MATIC). Pseudonymous analyst Capo tells his 647,500 Twitter followers that leading meme token DOGE will likely lose nearly 90% of its value after flipping support at $0.15 into resistance.[Read more…]

Investors had a brief reprieve from the deepening FTX crisis thanks to limited withdrawals and rosier inflation numbers. Top cryptocurrencies staged a small rebound Friday morning, even as more details emerged about the deepening FTX crisis. Ethereum (ETH), Dogecoin (DOGE), and Polygon (MATIC) were among those that had rallied the most in the course of[Read more…]