Nuqtah, Saudi Arabia’s first NFT marketplace platform, announced today that it has raised a seed round of funding led by Animoca Brands with participation from Polygon and regional investors. The new funding will be used to scale up Nuqtah’s business over the next 12 months. 

The market is trading in green today as Bitcoin and other Altcoins are seeing a jump today as the U.S. CPI inflation data came down to 6%. The U.S. government also shared plans of protecting the citizens from another further banking crisis in the country.

By using bleeding-edge zero-knowledge (ZK) cryptography, Polygon ID offers developers tools that enable them to build solutions that keep their users’ personal identifying information private, even as they prove (to third parties, to apps, to dApps) that they are, uniquely, who they say they are.

MATIC, the utility token of the Polygon network and one of the biggest altcoins, has been on a steady decline in the last few weeks along with most of the crypto market due to the ongoing financial troubles of the popular crypto-friendly bank, Silvergate.

AQUA, which happens to be a player-oriented Web3 marketplace, has honed in on Polygon Labs for the forming of a mutually beneficial partnership. The aim and intention behind this are to be able to provide the opportunity for players, as well as gaming projects, to be able to extract the maximum amount of benefit pertaining to Web3.

According to market data, Dogecoin currently has a market capitalization of $9.45 billion, whole MATIC has a market capitalization of $9.3 billion, making these the eighth and ninth largest digital assets by the metric, Behind Cardano ($ADA) and ahead of Solana ($SOL).

BitKeep NFT marketplace has taken the top spot in daily trading volume of $23,000 and over 1,000 active wallets (UAW) on the Polygon network, surpassing even that of Opensea.

Deposits and withdrawals have been paused during troubleshooting. The estimated time to return to normal operations is in the coming days.

The Ethereum ecosystem is set to witness one of the hottest blockchain trends this year, with numerous companies eager to exploit Polygon’s upcoming zkEVM rollup.

Thirdweb announced it will support the Polygon zkEVM scaling solution at launch. 

Aave, a decentralized lending protocol, is considering deploying a minimum viable version (MVP) of Aave version 3 on Polygon's upcoming zkEVM Layer 2 network.

Japan’s gaming giant is building a new gaming experience called ‘Symbiogenesis’ on the Polygon blockchain.

Crypto wallet company Giddy is sidestepping the need for Polygon users to hold that blockchain’s native MATIC tokens in order to pay for their transactions to go through. On Thursday, the Salt Lake City startup said its wallet users can pay for gas using the USDC stablecoin instead.

A new partnership announced on March 2 between the Polygon blockchain network and Mercy Corps Ventures, the investment arm of the humanitarian organization Mercy Corps, focuses on bringing blockchain education and opportunities to underserved communities.

One of the largest digital banks in Brazil, Nubank, has launched a loyalty program for its customers with its own crypto token Nucoin.

Polygon ID enables developers to accomplish what previously has not been possible online: enabling trust and verification, while delivering a user-friendly experience and maintaining the veil of privacy.

Polygon Labs announced that it has open-sourced its Web3 ID solution, as indicated in a blog post from the company on March 1.

The public launch of Polygon ID comes 12 months after it was first launched in a closed-environment to a select group of builders.

Polygon, a layer-2 scaling protocol for Ethereum, has launched a zero-knowledge decentralized identity solution to the public nearly a year after announcing its development. The Polygon ID service uses zero-knowledge proofs (ZK proofs) that use cryptographic techniques to allow users to verify their identity online without having their sensitive information passed or potentially stored with a third party. Polygon Labs publicly released Polygon ID on March 1, almost 12 months after the project was officially launched in a closed-source environment. Also, the Polygon team says Polygon ID was built to “solve the issue of digital trust.” (Cointelegraph)

Polygon said Wednesday it launched a new Polygon ID product based on Zero-Knowledge (ZK) technology that will allow users to verify their identities or credentials without revealing sensitive information.