Category Archives: Polygon news

A Polygon executive highlighted that NFT games have an advantage over traditional “money in, no money out” gaming business models. In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT[Read more…]

Cyber Capital founder Justin Bons described Polygon (MATIC) as “highly insecure & centralized,” claiming only five people are needed to compromise over $2 billion in the ecosystem. In an Aug. 15 Twitter thread, Bons said the layer2 protocol is a hack waiting to happen due to its eight-key multi-sig contract. According to Bons, five keys are needed[Read more…]

Congratulations, Polygon Fellowship Class of 2022!  Polygon partnered with DevFolio to bring together a group of talented and motivated fellows to the eight-week long fellowship, capped by a one week IRL event. These fellows were selected from more than 10,000 registrations, with an acceptance rate of 0.7%. (To provide some context, global elite institutions like […] The post Polygon Fellowship Class of 2022 Wraps Up With IRL Hacker House appeared first on Polygon | Blog.

Dogechain is an Ethereum-compatible smart contract network built using Polygon Edge.  Dogechain Gains Momentum  Crypto’s original dog coin is back in vogue.  According to CoinGecko data, Dogecoin’s DOGE token is up 11.6% today, trading around $0.085 at press time. It briefly hit $0.088 before cooling off. The surge comes despite a downturn in Bitcoin, Ethereum, and[Read more…]

Earlier this year, Polygon announced Plonky2, a zero-knowledge proving system that represents a major breakthrough for ZK tech. Plonky2 offers two main benefits: incredibly fast proofs and extremely efficient recursive proofs. It’s a huge leap forward for the ZK space, and we’ve been blown away by the response from the developer community: people want to […] The post Plonky2 is Now Open-Source appeared first on Polygon | Blog.

Polygon loses $1 mark but manages community support- here’s how Polygon has had quite an impressive week this time around as it chased down a milestone in DeFi. It has now become the fifth largest blockchain in terms of its DeFi total value locked (TVL) after overtaking Solana in the rankings. According to DefiLlama, Polygon’s[Read more…]

While the crypto market remains in its winter, some other sectors in the industry are experiencing a steady rise, one of the prominent examples of these sectors is the operational teams in the Polygon network. As of March this year, its total monthly active teams were around 8,000. However, recent data shows that the current[Read more…]