Polygon

Polygon

Finance

Polygon Labs Commences $85M Grant Program to Draw Builders to Its Ecosystem

Polygon Labs is offering 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.

Polygon co-founders Sandeep Nailwal, Jordi Baylina and Antoni Martin (Polygon)

Markets

Bitcoin Breakout Toward $45K 'Imminent' Says Matrixport

Polygon's MATIC and Chainlink's LINK led altcoin gains Wednesday afternoon.

CoinDesk Bitcoin Price Index (CoinDesk)

Tech

Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network

The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.

Kraken CEO Jesse Powell (CoinDesk)

Markets

FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies

The latest transactions followed $19 million worth of crypto moved from FTX cold wallets to exchanges.

MATIC and LINK moved from FTX-related wallets (Arkham Intelligence)

Tech

POL Contracts Go Live on Ethereum Mainnet as Part of Polygon 2.0

POL token will power every blockchain that runs atop the Polygon network.

Polygon APIs will soon be available on The Graph. (Aquaryus15/Unsplash)

Tech

Polygon Proposes Council for ‘Decentralized Governance,’ Names 13 Members

The committee will consist of 13 people including officials from Coinbase and the Ethereum Foundation.

(Polygon Labs)

Tech

Manta's Layer-2 Blockchain Already Plans to Ditch OP Stack for Polygon

The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.

Manta Ray. (Justin Henry/Creative Commons)

Tech

The Protocol: Which Ethereum Layer-2 Project ISN’T Competing to Land Celo?

Amidst the challenges posed by the crypto winter, Ethereum layer-2 developers such as OP Labs, Polygon, and Matter Labs are competing for contracts within the Celo blockchain's new network, where customer demand is limited, leading to layoffs at major firms.

(Ariel Waldman/Flickr)

Finance

Polygon Co-Founder Jaynti Kanani Steps Down

Kanani founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun.

The Polygon team