Polygon is perhaps the most popular alternative to transacting directly on the Ethereum baselayer (L1), giving users the opportunity to do fast transactions with low fees. Polygon (MATIC) is best known as a so-called side-chain to Ethereum, i.e. an Ethereum Virtual Machine (EVM) compatible blockchain running its own set of validator nodes. However, the Polygon…
With global brands consistently dropping their collections, NFT activity on the dominant NFT marketplace OpenSea, using the Polygon sidechain network, has been on the rise for several months, hitting new record highs in January. Users have been able to trade NFTs on OpenSea over the Polygon network since July 2021, and the option has grown…
For a few years, Ethereum reigned alone as the only realistic smart contract blockchain on the planet. Those using the blockchain or developing applications for it, had little choice but to accept the technical properties and characteristics of the Ethereum system. But at least Ethereum was a technical leap forward from Bitcoin, and considerably faster,…
Polygon has partnered with Seven Seven Six to create a $200 million initiative that will back Web3 projects building social media. Seven Seven Six is a venture capital firm founded by Alexis Ohanian, the co-founder of Reddit, boasting a portfolio ranging from blockchain gaming startups to reusable rocket manufacturers. Polygon is putting in the big…
Over the weekend, a global cryptocurrency exchange, AscendEX, was brought to its knees as it became the latest victim of an attack that led to the loss of around $80 million worth of funds from its hot wallets. AscendEX losses close to $80 million to hack Blockchain security firm Peckshield Inc. revealed that the attacker…
Wintermute, a leading digital asset market maker, announced today that it has launched a $20 million fund to bootstrap dApp development on Polygon. In a press release shared with CryptoSlate, the company said that the fund is part of Wintermute’s newly established strategic partnership with Polygon. Wintermute to pour millions into Polygon, starting with Router…
Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap Sameep Singhania is a blockchain and software engineer, who has worked on several projects, including Bonded Finance and ParaSwap, but hit the DeFi nail on the head when he and his team, frustrated by the growing Ethereum (ETH) fees, built QuickSwap (QUICK),…
Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap Sameep Singhania is a blockchain and software engineer, who has worked on several projects, including Bonded Finance and ParaSwap, but hit the DeFi nail on the head when he and his team, frustrated by the growing Ethereum (ETH) fees, built QuickSwap (QUICK),…