Polygon labs
WazirX Hacked for $230M; Mark Cuban, Vitalik Buterin Speak Up on Crypto and Politics
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to the loss of user funds and over $230 million in withdrawals. And, Polygon Labs set a date for its technical upgrade. Plus, Mark Cuban and Vitalik Buterin speak up on crypto and the upcoming Presidential election.
Polygon Sets September Date for Migration to POL Token from MATIC
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
Polygon's New ZK Proving System, 'Plonky3,' Comes as Open-Source Toolkit
Proving systems are a crucial component at the heart of blockchain ecosystems, allowing secondary "rollup" networks to confirm transactions on a base chain like Ethereum. Polygon's prior version, Plonky2, was released in 2022.
Polygon Creates New Grants Program, 1B POL Unlocked Over 10 Years
The program will tap into funds made available by Polygon’s Community Treasury, and the team shared that roughly 100 million POL tokens will be given out each year.
Polygon Acquires Zero-Knowledge Cryptography Firm Toposware
Sources close to the deal told CoinDesk that the company was valued at $30-50 million. The purchase means that Polygon Labs has invested over $1 billion on zero-knowledge research and acquisitions, the team shared in a press release.
Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet
OKX's comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
Why Did Starbucks' Web3 Project Fail?
Starbucks announced that it is sunsetting Odyssey, the 18-month experiment that uses collectible non-fungible tokens as the anchor of a loyalty program. According to two people familiar with the matter, Polygon Labs paid $4 million to collaborate with the coffee giant in 2022. CoinDesk's Jennifer Sanasie weighs in on Starbucks' failed attempt at entering the crypto space.
Why ETH ETFs Might Not Get Approved; 3AC's Kyle Davies Not Sorry
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a Bloomberg analyst's prediction that ether ETFs likely won’t get approved in May. Plus, 3AC co-founder, Kyle Davies, speaks up about the company's bankruptcy; and Polygon Labs paid $4 million to Starbucks for the coffee company’s now failed Web3 project.
Immutable, King River Capital, Polygon Labs Set Up $100M Web3 Gaming Fund
Immutable and Polygon Labs will identify investment opportunities while King River will manage the investment process and deploy the capital across game studios and web3 infrastructure firms.
Polygon Lands Astar Network as First User of New 'AggLayer'
By plugging into the AggLayer, Astar users will have access to the liquidity in the Polygon ecosystem, allowing cross-chain transactions between Astar and Polygon zkEVM, supposedly making the experience feel like a single chain.
