Author: Victor

Decentralized content management and sharing platform Creaton, built on the popular smart contract platform Polygon (MATIC), has completed its strategic financing round. A total of $1 million was secured from a slew of prominent venture capital firms. This round was backed by investors such as BTSE Labs, Tykhe Block Ventures, and a collection of angel investors. According to Alexander Klus, Founder of Creaton, this round is critical for the development of decentralized content sharing platforms and the whole Web3 infrastructure: “Our goal is to free artists from the unjust constraints imposed by Web 2.0 in recent years. Web 2.0 sites like…

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he recent series of scams in the crypto community has highlighted the need for the security of funds. It doesn’t matter how user-friendly a crypto DeFi platform or exchange is if users end up losing their crypto assets to hacks. To combat security issues on the Polygon network, there was a minor tweak to the gas price. The increase to the minimum gas price on the Polygon ecosystem is a step in targeting spam transactions on the network. The Polygon network now has a minimum gas fee of 30 gwei; the original minimum gas price on the network was 1…

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Fashion company Dolce & Gabbana made $5.7 million (1,885 ether) by selling an NFT collection. They auctioned the collection on the UNXD platform, a marketplace built on the Polygon network. Collezione Genesi, Dolce and Gabbana’s first-ever NFT sale, raised a staggering 1,885 ether or $5.7 million on Thursday, based on Ethereum (ETH) market rates. Two famous NFTs, “The Doge Crown” and “The Glass Suit,” raised the most money. Domenico Dolce and Stefano Gabbana created “The Glass Suit” NFT, particularly for the winner. The suit comes in both a virtual and real form. The 9-piece “one-of-a-kind collection” included two variations of an NFT titled…

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Polygon’s network has now surpassed Ethereum in terms of daily active addresses for the first time since its creation. On September 27, Polygon co-founder Mihailo Bjelic posted about the historic event on Twitter, stating it was “only the beginning.” Compared to Ethereum’s 326,000 addresses, MATIC’s total number currently stands at 351,000. The achievement is significant for a network that has rapidly established itself as the industry standard. Several projects have rapidly adopted its layer 2 scaling solutions and lauded their efficacy. When Polygon was first launched, it quickly advanced in both technological development and the Ethereum environment, and it hasn’t…

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For the overall adoption of digital currencies, then there need to be more bridges from the conventional transacting method to the crypto way. One such bridge is the decision by Switzerland’s national postal service to introduce the Swiss crypto stamp on the Polygon Network. The Swiss crypto stamp will be a digital collectible that is connected to the traditional stamp issued by the postal service. Swiss cryptocurrency stamps will serve as a digital version of real stamps and will be kept on the polygon blockchain. Each stamp design is a non-fungible token that is kept on the Polygon Blockchain. A QR…

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An Indian crypto wallet and exchange platform, Bitbns has teamed up with global cryptocurrency exchange OKEx to provide Indian crypto consumers in the area with more flexible trading options. OKEx and Bitbns have partnered to provide its customers free blockchain transfers through the Matic-Polygon ecosystem. This collaboration will provide consumers with access to trading tools/options that have hitherto been unavailable to Indian cryptocurrency users. Users may now buy crypto in INR trading pairs like $USDT, $AAVE, and $MATIC, and can make use of the full range of trading features offered on both exchanges. Together with Bitbns, OKEx aims to provide…

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Users can use a technique known as pooling to lend their USDT to Umbria’s Narni bridge and earn APY, in addition, to easily connect the stablecoin between Ethereum Mainnet and Polygon network with incredibly cheap fees (a return similar to interest on deposits). If players bridge USDT between networks using Narni’s ‘pool and earn’ feature, liquidity providers get paid. Because of their popularity and practicality, stablecoins are projected to generate more fees in the future. The Narni bridge can move USDT from the Ethereum network to the Polygon network in 47 seconds for an average cost of $2.80. (formerly Matic).…

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GuardianLink, a No-Code NTF platform for the creation and deployment of curated NFTs, has announced a technological collaboration with Polygon, Ethereum’s Internet of Blockchain networks, to improve the efficiency and hyper-real standards of the NFT sphere globally. The NFT ecosystem’s current and future importance will almost certainly increase because of this collaboration. With its high-end validity protocol and no-code NFT launchpad, Guardian makes it easy for developers to get their NFT platform up and running. By using their own templates and smart contract administration, participants can publish, mint, preview, and administer NFTs entirely independently. Artists and companies may create their…

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Protocols fuel the whole blockchain industry since they provide the mechanism for awarding digital tokens for completing particular tasks. Most individuals in the blockchain sector are acquainted with popular protocols like proof-of-work (used on blockchains like bitcoin) and proof-of-stake (used on cryptocurrencies like Ethereum). As the name implies, play-to-earn entails a group of individuals participating in a virtual game to gain digital assets such as NFTs. Indeed, most of the usage of play-to-earn in the blockchain sector has been attributed to NFTs, which have grown in popularity significantly over the past year. NFTs have been utilized in a variety of…

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Polygon, the Ethereum Layer-2 scaling solution, has announced a collaboration with Panther Protocol. The collaboration will concentrate on privacy in the realm of decentralized banking. The two organizations collaborating alongside projects built on Polygon to create privacy features that empower its end users. Panther is built on Polygon’s least viable product and also seeks to create an interoperability framework that allows for selective data security and compliance with the Polygon network. Along with technical assistance, Polygon will assist Panther in collaborating with other projects in the community to create privacy features that end users may use. It will advance the goal…

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