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“# Polygon and AU21 Capital unveil $21M fund to support Polygon developers ” Polygon ecosystem is getting a major funding boost thanks to a new joint venture fund with blockchain venture capitalist AU21 Capital, setting the stage for wider adoption of the Ethereum-compatible infrastructure platform. The $21 million Polygon Ecosystem Fund announced Wednesday is designed…
“# BitMEX and Human Rights Foundation provide $150K grant to Bitcoin scaling researcher ” Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher. The grant comprises the second instance in which BitMEX has backed Kim’s research, with the exchange donating $30,000 to Kim in August…
“# Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism ” The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum. Uniswap’s creator, Hayden Adams, announced the vote on May 27, revealing the proposal’s governance vote received 41.35 million votes in favor…
“# Polygon debuts SDK for building Ethereum-compatible chains ” Polygon has announced the launch of its SDK stack that will allow developers to easily deploy their own Ethereum-connected blockchains. SDKs, or software development kits, are single installation packages containing tools necessary for seamless app creation. According to an announcement on Wednesday, the Polygon SDK contains…
“# Mark Cuban officially backs Polygon ” Billionaire investor Mark Cuban has thrown his weight behind Polygon, according to a new disclosure on one of his websites, offering further evidence that wealthy investors are tapping into the digital asset market despite the recent turmoil. The addition of Polygon to the Mark Cuban Companies website appears…
“# mStable launches on Polygon, hopes to attract defi users ‘priced out’ of ETH ” Defi-yield protocol mStable has become the latest to embrace second-layer scaling solutions, announcing its deployment on Polygon (formerly known as Matic) today. mStable’s interest-generating savings account, two of its “risk minimized meta-stablecoins,” and asset swapping features are now live on…
“# Tether launches on Hermez rollup as Ethereum starts falling behind ” Tether (USDT) has now launched on Hermez Network, an Ethereum scalability solution based on the zk-rollup concept. Rollups provide a way of batching or “rolling up” transactions to lighten the load on the Ethereum network. The key to rollups is the concept of…
“# 3 reasons why Elrond (EGLD) price soared above $245 ” As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase. One protocol that has seen significant gains over the past month as…
“# What is blocking the decentralized internet? ” Over the past decade, the proliferation of blockchain technology has resulted in hundreds of networks that are unable to talk to each other. With data siloed and developers’ options now extremely limited, the sector has been described as being at a “historical crossroads” — and unless this…
“# Decentraland announces layer-two MANA token transfers, plans for full migration ” Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge…