Polygon

Polygon

Tech

P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem

P2 was spun out out of Polygon Labs last year and now is allocating funds and mentorship to support project founders, including those focused on the Polygon blockchain ecosystem. A Hadron FC contributor said the community offered the right "capital and vibes."

Hadron Founders Club hosts its first pop-up event for blockchain startup founders in Dubai (Hadron FC)

Tech

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.

OKX Chief Marketing Officer Haider Rafique (OKX)

Tech

Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop

A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the tweet to CoinDesk, describing it as a "leak."

Avail co-founders Anurag Arjun and Prabal Banarjee (Avail)

Finance

Polygon Labs Paid $4M to Host Starbucks' Failed Foray Into Crypto: Sources

The blockchain developer gave the coffee giant a $4 million grant as part of their 2022 deal to build an NFT-powered loyalty program that is now being shuttered.

GoToVan/Wikimedia Commons, modified by CoinDesk

Tech

Cosmos-Based Canto Blockchain Reverses Course on Polygon Layer-2 Plans, Unveils New Roadmap

Canto will remain a Cosmos layer 1 network rather than shift to the Ethereum ecosystem, as previously announced. Its new Cyclone Stack will include upgrades aimed at scaling and improving performance of the blockchain.

Tornado Cash website and Discord taken offline (Nikolas Noonan/Unsplash)

Tech

Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?

While Ethereum's rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire.

Ethereum Foundation's Tim Beiko joined The Protocol podcast to discuss the implications of the Dencun upgrade. (CoinDesk, modified using PhotoMosh)

Markets

Arbitrum's ARB, Polygon's MATIC Lead Gains as Ethereum's Dencun Upgrade Goes Live

Ethereum's Dencun upgrade enabled a new way of storing data that was forecast to dramatically cut costs for interacting with layer-2 networks.

Polygon's MATIC price on March 13 (CoinDesk)

Tech

Ethereum Fees Set to Drop for Arbitrum, Polygon, Starknet, Base. But How Much?

Leading figures behind layer-2 teams told CoinDesk how Ethereum's upcoming Dencun upgrade will affect their networks – and costs.

Steven Goldfeder, CEO of Offchain Labs, the primary developer behind Arbitrum, speaks Thursday at ETHDenver. (Danny Nelson)

Tech

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.

Polygon is promoting its new "AggLayer" by distributing hoodies with a depiction evocative of human evolution. (Margaux Nijkerk)

Tech

Polygon, StarkWare Tout New 'Circle STARKs' as Breakthrough for Zero-Knowledge Proofs

Circle STARKs are supposed to accelerate the proving process for zero-knowledge rollups, according to a white paper published by Polygon Labs and StarkWare.

Brendan Farmer, Co-Founder of Polygon (Shutterstock/CoinDesk)