Polygon Labs Commences $85M Grant Program to Draw Builders to Its Ecosystem
Polygon Labs is offering a total of 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.
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Polygon Labs is offering a total of 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.
Polygon’s MATIC and Chainlink’s LINK led altcoin gains Wednesday afternoon.
The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.
The latest transactions followed $19 millions worth of crypto moved from FTX cold wallets to exchanges.
The project named 13 “inaugural members” to the council, including officials from Coinbase and the Ethereum Foundation.
The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.
In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network
Google’s cloud-computing business has stored historical data on Bitcoin since 2018, claiming the service provides faster access than can be obtained directly from the blockchain.
Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.
This week, Coinbase launched its new Base blockchain while DeGods NFTs are way up after the project announced its upcoming Season III series. Plus, Microsoft and Aptos are teaming up to launch new blockchain AI tools.