During a recent Reddit AMA session, the co-founder of Polygon praised the social media platform for successfully introducing NFTs to its community through free airdrops and early sales of digital collectibles. He stated that Reddit is the only well-known Big Tech company that has "cracked the NFT code" and has been able to drive a lot of engagement with Reddit NFTs, resulting in the onboarding of 9.7 million users to Reddit's NFT platform. The co-founder also positioned Polygon as a business layer and stated that their long-term vision is to become the "value layer of the Internet" and act as a "business or application layer for crypto." Polygon has also partnered with brands such as Nike, Starbucks, and Sotheby's for NFT collections.

QuickSwap's new product, QuickPerps, is a decentralized perpetual contract exchange.

Polygon has announced a partnership with ClubRare, a Web3 social commerce platform for physical goods, to launch a social e-commerce platform for collectors and creators of "phygital" goods.

Austria's GreenRock Energy is issuing a tokenized green bond worth €25 million ($27m) on the public Polygon blockchain, with the funds to be invested in solar panel businesses and installations. The issuance of the tokens is approved by Germany's BaFin, Austria's FMA and Italy's CONSOB.

Sandeep Nailwal, Co-founder of Polygon, believes that Web3 gaming will be a major factor in driving widespread adoption of cryptocurrency. During a Reddit Ask Me Anything (AMA) session, Nailwal stated that gaming is the largest scale opportunity for crypto and highlighted the upcoming debut of some notable games on Web3.

Despite recent declines in the cryptocurrency market, Polygon (MATIC) has seen a surge in the number of new addresses created daily on its Layer 2 blockchain, which aims to help Ethereum with its scalability.

Cardano, a popular smart contract network known for its high transaction speeds and scalability, has been experiencing delays in token swaps on some of its decentralized exchanges. These delays have put a dent in the network's integrity and given its competitors an edge.

Polygon [MATIC] has announced that it will be reducing fees by approximately 20% in the coming weeks through optimizations to zkEVM. This move is expected to attract new users to the platform. While the fee reduction will take some time, Polygon has suggested a few methods that users can use to reduce fees now, such as tracking Ethereum's trading price and monitoring network activity.

Polygon, the Ethereum layer-2 chain, has partnered with De.Fi to incorporate its antivirus into the ecosystem. The collaboration aims to enhance the safety and security of transactions on the Polygon network by offering users a DeFi suite of security tools.

Polygon's zkEVM activity has been trailing behind other protocols like StarkNet and zkSync Era, which could have an impact on the protocol's future growth. However, despite this, Polygon's usage and MATIC market cap have not been affected. Messari's data shows that the relationship between Polygon's cumulative market capitalization and user base can be categorized into three distinct phases: Growth, Deviation, and Maturation. Recently, MATIC's price has experienced a significant drop, with its RSI indicating that momentum is currently with MATIC sellers.

Decentralized exchange protocol Mangrove has launched on the Polygon Testnet, providing a secure and efficient blockchain infrastructure for traders. The launch includes a programmable order book that can improve user trading experiences. Mangrove's mainnet launch is expected soon, along with a new brand logo and assets that represent the company's core values and principles.

Mangrove, a decentralized exchange (DEX), has launched on Polygon's testnet with a programmable order book. The Paris-based firm has raised around $10 million and is supported by major trading and market making players like Wintermute and Cumberland. The company plans to launch on mainnet at the beginning of next month. Mangrove's "advanced limit order" innovation allows traders to propose selling digital assets at a given price while depositing those assets as collateral on a lending platform and generating passive yield. This more flexible version of a limit order allows traders to have a savings account and sell at a certain exit price.

A bug in Aave V2, a decentralized finance (DeFi) lending protocol on the Polygon network, has caused users to be unable to interact with around $110 million worth of assets on the platform. The issue is due to an incompatible upgrade to the ReserveInterestRateStrategy contract deployed on Polygon.

Algorand, Solana, and Polygon have collaborated to create a $50 million cross-chain investment fund, the Cross-Chain Ecosystem Investment Fund, managed by Borderless Capital. The fund will invest in startups that utilize the Wormhole cross-chain messaging protocol. The Algorand Foundation, Solana Foundation, and Polygon Ventures are among the participants in the fund, along with other investors. Wormhole is a popular cross-chain messaging protocol that connects liquidity and users across more than 20 blockchain networks. The fund's creation provides more incentive for crypto developers to address Wormhole's cross-chain security challenges.

Elon Musk's recent tweet about Milday NFT caused a spike in its value, similar to what happened with Dogecoin after Musk endorsed it. While established blockchain providers Solana and Polygon are facing challenges, TMS Network is thriving, having increased by 1700% since its presale event.

Horizon, the creators of Sequence, have announced a partnership aimed at redefining Web3 infrastructure, which has had a significant impact on Polygon's governance token MATIC, with an increase of nearly 3% in the past 24 hours. The partnership will bolster the infrastructure and signify a positive step forward for the Web3 ecosystem. The seamless integration of Sequence's smart wallet and infrastructure stack on Polygon Supernets will pull business enterprises into the ecosystem. Both Polygon and Sequence will offer credits to incentivize developers to build on the platform, which will have a strong effect on how quickly the Web3 infrastructure will improve.

Earn Alliance, a Web3 gaming community and service provider, has integrated Chainlink's Verifiable Random Function (VRF) on Polygon's mainnet to ensure a fair Genesis NFT mint for their battle royale game, Last Remains. This integration provides a secure and verifiable source of randomness. Earn Alliance offers a range of services to Web3 games, including community building, marketing NFT launches, and player onboarding. Their commitment to fair play, transparency, and user experience is evident in their selection of Chainlink VRF and future plans to offer a comprehensive smart contract-free mint service. This partnership sets new standards in the Web3 gaming industry.

Solid World has partnered with Masa to launch a carbon liquidity pool on the Polygon blockchain, aimed at revolutionizing funding for Mangrove Restoration projects. The initiative seeks to democratize access to funding opportunities and make financing nature restoration accessible to everyone while earning strong sustainable yields. Solid World is inviting new players to its dedicated Web3 community to participate in a rewards airdrop event and earn an exclusive community badge, the “Solid World Whale” SBT. The airdrop offers a prize pool of $4,000, which consists of CRISP-M tokens from Solid World’s CRISP Scored Pool, and a total of 50 lucky winners will each receive $80 worth of CRISP-M tokens on Polygon.

Polygon's zkEVM has experienced a significant increase in Total Value Locked (TVL), with a 70% growth since its launch, marking the largest week-over-week jump. This growth has had a positive impact on numerous DeFi protocols, including QuickSwapDEX, which saw a 25% gain.

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