Polygon Financial News

Blockchain data-availability project Avail founded by former Polygon team members has announced the launch of Avail DA Mainnet and the AVAIL token.

Polygon blockchain. These tokens are set to reward users for simply browsing the web on Jio’s own JioSphere browser. While JioCoins aren't stablecoins, transferable, or redeemable just yet, they accumulate in the Polygon wallet, creating an exciting gateway for millions of Jio users to explore the world of Web3.

crypto assets. In a typically positive/green month, Bitcoin was down 8.6%. As we head into September, a strong bearish outlook prevails in the market. Given September is usually a red month, traders are cautious about taking long positions in the current scenario. However, new opportunities arise when the market is bearish. Crypto should emerge out of macroeconomic and inflation-related fears in September with the possibility of US interest rate cuts. Currently, Bitcoin is trading below $57,000 and looks to consolidate into a strong position before bullish action ensues. The good news is that additional pain will be short-lived as the October-December quarter is usually exceptional for the asset class. If you have spare cash to deploy, consider cost-averaging your buys into some of the promising assets.

Cassa Depositi e Prestiti SpA (CDP), an Italian state-owned bank, and Intesa Sanpaolo, Italy’s largest banking group, have completed first digital bond issuance on blockchain. The issuance of the security was carried out via Polygon (MATIC) blockchain.

Edge-optimized, on-chain cloud platform Fleek has announced a strategic collaboration with the Polygon blockchain developer Polygon Labs.

Polygon Labs has undergone a key structural change to improve its focus on building zero-knowledge (ZK) technology solutions. On Tuesday, the software company announced that it had expanded the co-founder and executive chairman Sandeep Nailwal’s role to chief business officer (CBO).

In an exclusive interview with Cryptonews, Avail co-founder Anurag Arjun discussed rebranding Matic to Polygon and establishing Avail to provide the infrastructure for future crypto.

Polygon , a prominent Ethereum layer-2 developer, has introduced the alpha version testnet of its latest zero-knowledge (ZK)- rollup  solution named Miden.

Polygon Labs CEO Marc Boiron has lashed out at Layer 3 (L3) networks on the Ethereum blockchain, claiming they are unnecessary for scaling the network and only serve to drain value from the mainnet.

Laser Digital – the crypto-focused subsidiary of Japanese asset manager Nomura – has launched an institutionally focused liquid staking fund on Polygon in collaboration with TruFin.

The  Polygon Proof-of-Stake (PoS) sidechain has successfully executed the Napoli hard fork, adding support for Dencun features and making it the first network to support RIP-7212. 

Australian venture capital firm King River Capital, blockchain gaming firm Immutable and Polygon Labs have teamed up to launch a $100 million gaming fund.

Ethereum’s highly anticipated Dencun upgrade is slated to hit the zkEVM testnet in April. Polygon Labs Developer Relations Engineer, Jarrod Watts, believes this upgrade could greatly benefit Polygon zkEVM and similar layer-2 solutions.

Polygon spinoff Avail raised $27m in seed funding led by Peter Thiel’s Founders Fund and Dragonfly, the company announced Monday.

Arianee, the web3 ownership infrastructure behind several global luxury brands, has announced its plans to unveil a brand new layer 2 built on Polygon “to leverage the full potential of digital product passports (DPPs) and engagement tokens at scale,” according to a February 22 Polygon press release.

D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi).

Layer-2 scaling network Polygon (MATIC) came close to matching Ethereum (ETH) in terms of crypto user acquisition in 2023.

Polygon Labs plans to release “AggLayer,” a new blockchain aggregation layer, in February. This development aims to enhance interoperability across blockchain platforms.

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

The Fox Corporation has partnered with Polygon Labs to unveil the new blockchain-based Verify, an open source platform designed to verify the authenticity of content and track its use across the web.

As the rally in Solana (SOL), which recently exploded higher to become the fourth largest cryptocurrency in the world with a market cap of $48 billion, cools, attention is shifting to another altcoin darling, Polygon (MATIC).