Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established a $100 million fund dedicated to NFT creator…
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Layer two aggregator Polygon has seen a 330% surge in active addresses over the past 3 months. Layer two protocols have seen monumental growth this year and one of them has briefly surpassed the network it is a scaling solution for, in terms of active addresses. The number of daily active unique addresses on layer…
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More than $1 billion worth of Ether is still locked in the ArbiNYAN yield farm despite the price of its native token crashing more than 90% in 24 hours. Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this past week. According…
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With an average gas cost of $40, it is no surprise that layer-two platforms are surging in terms of usage. Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings.…
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Polygon developers are set to launch tools to enable the creation of Ethereum-compatible standalone chains and layer-two protocols. Polygon has announced the launch of its SDK stack that will allow developers to easily deploy their own Ethereum-connected blockchains. SDKs, or software development kits, are single installation packages containing tools necessary for seamless app creation. According…
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Ethereum is starting to lose ground to its competitors for USDT usage, and Hermez may help to fix that. Tether (USDT) has now launched on Hermez Network, an Ethereum scalability solution based on the zk-rollup concept. Rollups provide a way of batching or “rolling up” transactions to lighten the load on the Ethereum network. The…
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The Layer-two protocol plans to become an aggregator and interoperability facilitator for Ethereum scalability solutions. The Matic Network, a project developing an Ethereum-based layer-two solution and an independent proof-of-stake blockchain, announced Tuesday that it would rebrand to Polygon. While the existing products and the token would remain largely the same, the new branding signals a…
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