“We are still in the early days of Web 3.0, and the most obvious opportunities right now are in gaming and social,” said Ohanian. On Friday, Polygon and Alexis Ohanian’s venture capital firm, Seven Seven Six, announced a $200 million initiative backing projects operating at the intersection of social media and Web 3.0. The initiative…
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What’s going on at Polygon? There seems to be a disturbance in the force over there. Is the Ethereum Layer 2 project alright? Are they doing everything above board or is there something sinister going on? Are they even decentralized if they can hard-fork just like that? Or did they follow the proper procedures and…
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Vulcan Forged, a gaming and NFT platform, suffered a security breach that allowed attackers to gain control of some cryptocurrency wallets of the service. The hackers got hold of 96 user wallets and managed to steal more than 4.5 million PYR, the native token of the project, among other assets. Vulcan is now dealing with…
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On December 9, Polygon co-founder Mihailo Bjelic announced that the project has acquired the Ethereum scaling startup Mir in a $400 million deal. The Mir team of cryptographers and engineers are joining Polygon in order to create a “highly-scalable, Ethereum-compatible ZK rollup” called Polygon Zero. Mihailo Bjelic: ‘Polygon Is Focused on Zero-Knowledge Cryptography as the…
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Buy the rumor? It depends how fast you pull the trigger when the news breaks. These mind-bending returns rewarded crypto traders who were fastest on the draw… Here’s how you can join them. Why do crypto traders “buy the rumor, sell the news”? Simple. Because whispers of exchange listings or big-name partnerships reach very few…
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If fully vested, it would be a $627.5 million investment into zero-knowledge technology at today’s MATIC price. Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir. Zero-knowledge algorithms enable external validators to verify encrypted transactions or documents without…
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While digital currencies like bitcoin and ethereum lost roughly 10% in value during the last seven days, the decentralized finance (defi) economy has weathered the storm better than the top two leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala, crypto.com coin, wax, kadena, wonderland, and avalanche have…
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The move is expected to improve the validation process for DApps on the Polygon network. Polygon, a layer two scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps. 1/7 We…
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While the price of bitcoin has been volatile during the last seven days, a number of smart contract platforms have been performing far better this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands the lion’s share of this value. Ethereum…
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Serendipity is “a fortunate discovery or event when things come together just perfectly.” You can’t plan for it… or can you? In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift. But this week’s group of…
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