Suku, a web3 firm, has launched a digital wallet solution that allows users to create a wallet and send digital crypto using their Twitter handles. The wallet has already been downloaded by over 48,000 people. Suku aims to simplify the adoption of web3 among everyday internet users by creating intuitive products that don't require prior knowledge of the crypto space.

The price of Polygon (MATIC) has fallen by 18% since the announcement of plans to migrate to a new native token called "POL" on July 13. This has caused uncertainty among investors, as evidenced by a decrease in the number of new MATIC wallet addresses being opened on the Polygon network.

Next-gen social entertainment platform, BYTE CITY, has partnered with the Bruce Lee Foundation to create a digital tribute to the legendary martial artist and actor in the form of a mobile metaverse experience. The immersive platform will allow fans to engage with Bruce Lee's avatar in a party gaming environment and celebrate his life and philosophy.

Blockchain platform Palm Network is set to become more accessible to users by transitioning to a customized Polygon blockchain. The move will enable easier minting, trading, and collecting of non-fungible tokens (NFTs) for Palm Network users, as well as interoperability with Ethereum and the rest of the Polygon 2.0 ecosystem. Palm Network will become a Polygon ZK Supernet, which uses zero-knowledge proofs to process deposits and withdrawals from Ethereum. The transition will take place in two stages, with the platform becoming a proof-of-stake consensus mechanism network on August 23 and transitioning to a ZK-based layer-2 in 2024.

Aave Companies has announced the release of Lens Protocol V2, which offers improved functionality to support new use cases and shared monetization for its growing Web3 user base. The protocol is a decentralized protocol built on Polygon that allows developers to build and deploy Web3 social apps and integrate Web3 social features with existing Web2 and mobile experiences.

According to Cointelegraph, Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.

According to Near, Polygon now accessible on NEAR’s Blockchain Operating System. An interactive dashboard for dApps on Polygon’s zkEVM is live on the BOS.

According to GameSwift, that game developer PlayWay has collaborated with Polygon and GameSwift, an ecosystem for one-stop Web3 game stores, to launch a game accelerator called OuterLife.

This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.

Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.