Polygon fell by over 10% on Feb. 13, as a red wave swept through cryptocurrency markets during Monday’s session. Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD. Cosmos also traded lower to start the week, hitting a 14-day low.

The Super Bowl Season has always been an exciting event and Polygon rides the wave through the minting of 1 million Super Bowl NFTs.

Decentralized finance (DeFi) protocol Clearpool will deploy its institutional credit platform Prime exclusively on the Ethereum scaling tool Polygon network, the protocol told CoinDesk in a statement. “We have been working closely with the Polygon team since we launched the permissionless protocol on Polygon in June,” Rob Alcorn, CEO and co-founder of Clearpool, said in an email. “We have a strong relationship and continue to work together to deliver institutional DeFi products.” Clearpool Prime will act as an institutional-grade capital marketplace, where borrowers can create credit pools, and liquidity providers can invest to earn yield. The platform is set to start operating in the first quarter of this year, CoinDesk reported earlier. (Coindesk)

Polygon, an Ethereum scaling project, is exploring ways to bring “zero knowledge” or ZK technology – seen by many experts as a major advancement in cryptography’s use in blockchains – to its main chain.

Reddit’s Collectible Avatars project is a prime example of an effective Web3 on-ramp, as the discussion platform has delivered millions of free NFTs to users in recent months. And thanks to a new collaboration with the NFL on free Super Bowl NFTs, Reddit is about to hit another major milestone.

Shemaroo recently announced its Web3 debut on the Polygon network. The media company joined hands with Polygon Labs to launch Virtasy. io exclusively on the network.

Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament to Bitkeep's commitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs.

Polygon ZK rollup is a significant advancement in the field of blockchain technology. It enables faster and cheaper transactions, while still maintaining the security and decentralisation of the Ethereum network.

A member of Silvergate’s board of directors resigned Thursday, the crypto-friendly bank disclosed in a recent filing with the Securities and Exchange Commission (SEC).

Polygon (MATIC) has formed a reliable support base between the $0.94 and $1.11 points as 49,500 addresses purchased 4.65 billion MATIC tokens at the price range, creating a massive demand wall that could serve as opposition against the bears in the event of a downward trend.

Coinbase will add support for Voxies (VOXEL) on the Polygon network. Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.  

The market is trading in green as significant coins are showing an increase today following the announcement by Genesis of reaching an agreement with the Digital Currency Group and Gemini. At the time of writing, Bitcoin increases by 0.74% in the last 24 hours. Ethereum hikes by 1.03%.

Recently, Mike McGlone, a Senior Macro Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on the impact of layer 2 (L2) scaling solutions on Ethereum. Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.” The Polygon Lightpaper describes Polygon as “a protocol and a framework for building a connecting Ethereum-compatible blockchain network.” According to the February 2023 edition of Bloomberg Intelligence’s “Crypto Outlook” report, 2022 was a defining year for Ethereum, despite a decline in activity on the base chain. McGlone attributes this success to the widespread adoption of NFTs and Web3 applications on Layer-2 (L2) chains. (cryptoglobe)

In commemorating its 135th anniversary, National Geographic partnered with Polygon on Wednesday to release a super rare photograph NFT collection titled “Good morning: Daybreak around the world” or ‘GM’ for short. The collection, which comprises 1888 NFTs, is a compilation of 16 early-morning photograph images taken by renowned photographers from locations around the world and remodelled into 118 editions each.

Keeping the regular EVM gas fee schedule for Polygon zkEVM seems attractive enough, because existing contract behavior in the EVM would remain unchanged.

FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO Protocol into the $31.4 billion NFT market by enabling users to buy, sell, and trade their FIO Domains as ERC-721 NFTs on all Polygon-enabled marketplaces.

ReFi promises to approach wicked environmental problems by making negative externalities legible to markets, marrying social objectives with economic incentives through technological fixes – available only using blockchain technology and networks like Polygon.

Kana Labs is pleased and proud to announce that they will add the Polygon blockchain ecosystem to their entire retinue of products. In the case of Kana Labs, it is a chain-agnostic multi-chain DeFi super app. It is working hard to increase the number of backed blockchains in its product portfolio. 

More individual NFTs were sold on Polygon than Ethereum via the leading overall marketplace OpenSea for the second consecutive month, according to public blockchain data curated via a Dune dashboard. In January, OpenSea handled over 1.5 million NFTs sales on Ethereum sidechain Polygon, while Ethereum’s own mainnet tallied a little over 1.1 million sales via the same marketplace. That continues the trend from December when 1.3 million NFTs were sold on Polygon through OpenSea compared to just under 1 million Ethereum NFTs. (Decrypt)

Hamilton Lane’s $2.1 billion flagship fund is opening its doors to individual investors by leveraging Securitize’s tokenization platform on the Polygon network. Hamilton Lane, a leading global investment firm with $823.9 billion of assets under management and supervision, is making a portion of its Equity Opportunities Fund V accessible to individual investors via a new Securitize feeder fund. The feeder fund is offered by Securitize to qualified investors with at least $5 million in assets, of which there are nearly two million in the US alone.