Category Archives: Polygon news

Instagram is doubling down on its Metaverse bet. Continuing its recent rollout, tech giant Meta announced that Instagram is creating an NFT minting and sale feature through its app. Like Reddit, the popular photo-sharing app turned to Polygon for its digital collectibles marketplace plans. Polygon’s token MATIC has enjoyed a significant spike in buying pressure[Read more…]

The month of October was quite exciting for the Polygon [MATIC] ecosystem as several developments and integrations took place. Beginning with the launch of Polygon’s new zk-EVM public testnet, which is a layer 2 construction on top of Ethereum that solves its scalability through mass transfer processing rolled into a single transaction, to several integrations, such as[Read more…]

Payments firm Stripe is firing 14% of its workforce as layoffs continue at fintech and crypto companies. The company cited the macroeconomic environment and falls in funding for startups. The cuts were shared in an email with employees. Founders Patrick and John Collison took the blame for the decision.  “We overhired for the world we’re in, and[Read more…]

Social media giant Meta has taken another step towards web3 adoption as it announced a new digital collectibles feature for creators on Instagram. NFTs on Instagram Meta announced this new feature during its Creator Week 2022 and revealed that it had tapped Polygon to enable NFT minting and selling on Instagram.  The social media platform will provide creators with[Read more…]

The Polygon Avail Testnet is now live. As users begin incorporating Avail into their chain designs, a question that often comes up is, “How many transactions can Avail process?” This is the final piece in a three-part series of articles that will address Polygon Avail’s current performance, as well as its ability to scale in […] The post Polygon Avail’s Ability to Scale: The Way Forward appeared first on Polygon | Blog.

Instagram users will soon be able to use the site to mint, showcase and sell digital collections powered by non-fungible token (NFTs) on Polygon, giving creators a new way to engage with and monetize their fan communities. Meta, which owns Instagram, today announced it will soon test these new features with a small group of […] The post Meta to Let Users Mint and Sell Polygon-Powered NFTs on Instagram   appeared first on Polygon | Blog.

In Meta’s latest bid to expand into the crypto ecosystem, Instagram will soon host a marketplace for NFTs starting with support for Polygon, the company announced. The features are live with a small group of creators in the U.S. and will be expanded to other countries soon. Support is also live for Solana’s Phantom wallet, Meta[Read more…]

Robinhood reported a third-quarter net loss of $175 million, beating the analyst consensus estimate of a $311 million loss, according to FactSet data. Shares rose more than 4% in after-hours trading. The retail investing platform’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was back in the black this quarter, totaling $47 million. This beat[Read more…]

The concluded pilot program accounts for one of the apex banking regulators of testing the application of asset tokenization and DeFi across a broader range of use cases in the financial sector.  As revealed by the MAS, mainstream financial services players including DBS, JPMorgan Chase & Co, and SBI Digital Asset Holdings conducted foreign exchange[Read more…]

JPMorgan has executed the first live trade on public blockchain as part of the Monetary Authority of Singapore (MAS) Project Guardian. The banking giant completed the transaction using DeFi, Tokenized Deposits, and Verifiable Credentials. Project Guardian is an initiative of MAS with financial institutions such as JP Morgan, Marketnode, and DBS Bank Ltd. Its focus is[Read more…]