Magic Eden Launches 'Mint Madness' With Free Web3 Gaming Mints; The Next Bicasso: Binance NFT Releases AI-Powered NFT Generator; Robinhood, Polygon, 0x Labs Simplifies Crypto Trading, ZRX Zooms 20%; Chainlink Targets Web 2.0 Developers With New Platform Launch

Decentralized exchange infrastructure protocol 0x Labs on Wednesday announces the launch of Tx Relay API beta on Polygon and Ethereum. Meanwhile, crypto trading platform Robinhood announces that its Robinhood Wallet now supports both Polygon and Ethereum and is now available to iOS customers globally. Robinhood Wallet is the first to leverage the Tx Relay API by 0x.

The native token of decentralized exchange 0x Labs (ZRX) surged nearly 10% as the protocol partnered with Robinhood Wallet and Polygon for building a relay network.

PIPs describe standards and design specifications decided by the community for the Polygon network, including core protocol specifications, such as Heimdall and Bor chains of the Polygon PoS, client APIs, contract standards, and more.

Mastercard and Visa are holding off on their crypto integration plans in the wake of several turbulent events that have rocked the cryptocurrency space in the last year, according to Reuters.

Ripio, which happens to be the absolute top-of-the-line digital asset platform based in Argentina, is all geared up to connect with the Polygon ecosystem. The aim and intention behind this are for the quickening of adoption of Web3 applications, so far as Latin America is concerned. The company happens to be situated in Buenos Aires. It has, to its credit, over 7 million connected users.

Huawei Cloud, the cloud computing arm of Chinese smartphone maker Huawei Technologies Co., Ltd., announced a partnership with Polygon and other blockchain firms last Thursday to form a Web3 and metaverse alliance.

Derby Stars, a horse-racing metaverse game on Polygon blockchain, has opened its “Early Access” version from February 27th to March 20th.

The audit-upgraded testnet for Polygon zkEVM will be nearly the same as the permissionless, anyone-can-join, no whitelist, real assets, live system with a working prover that launches with Mainnet Beta.

Lotte Group, South Korea’s fifth-largest conglomerate with operations in manufacturing, hotels and e-commerce, plans to expand its non-fungible token (NFT) business onto the global market through a partnership with the Polygon blockchain, Lotte’s marketing and NFT hub Daehong Communications said on Monday. BellyGom NFTs, first minted in August 2022 on the Klaytn network, gives holders benefits related to Lotte’s products and services, such as hotel vouchers or discount coupons for shopping. (forkast)

Following the mid-February rally, which saw MATIC surge by 34% from $1.1611 to $1.5567, the subsequent correction caused MATIC to drop by 20%, erasing more than three-quarters of its previous gains. 

Polygon announced on Tuesday that it would be cutting down 20% of its workforce as part of efforts towards unifying its diversified businesses under one unit. The news prompted a 6.5% drop in the trading price of its layer-two token, $MATIC, down to $1.29.

Uncertainty, doubt, and no small amount of fear spread across the crypto community on Wednesday, as news spread of an apparent hours-long outage on the Polygon network. 

Polygon clarified that the issue is because "a few nodes went out of sync". Nodes have resynced and systems are back to normal.

Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain network could be suffering from an outage.

Polygon [MATIC] has reached a key support level at $1.3531, which could give bulls hope for a rebound. However, there were conflicting metric signals, and investors could get clarity on Bitcoin’s [BTC] price action soon.

Digital-asset-based investment products recorded $32 million of outflows between Feb. 13 and Feb. 19, according to a recent CoinShares report.

Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which dropped for a fourth straight day.

Polygon Labs announced plans to reduce headcount by 20%, with about 100 staff affected.