⚡ Polygon's Big Moves: New Partnerships, Groundbreaking Platforms, & Record Transactions!
GM Polygon enthusiasts!
Let’s kickstart your day with the freshest updates and insights from Polygon.
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🌐 Fuse Network Joins Forces with Polygon CDK: Exciting journey ahead as Fuse Network taps into Polygon CDK. Expect a groundbreaking Ethereum-based ZK L2 network boasting scalability, customization, and enhanced privacy.
💳 Nume's Revolutionary Flat-Fee Payments on Ethereum: Meet Nume, the game-changer in payments with its first-of-its-kind flat-fee rollup on Ethereum, now live on Polygon zkEVM. Unlimited transactions and instant confirmations – all with the ease of web2.
🚀 Launch of ZKFair Mainnet Powered by Polygon CDK: The debut of ZKFair Mainnet, powered by Polygon CDK, marks a new chapter in fair and community-driven blockchain applications.
🌍 Rated Expands to Polygon PoS: Rated is now enhancing its reach with support for the Polygon PoS chain, featuring a cutting-edge real-time engine for an improved user experience.
🔄 Reya Unveils a Hybrid Ce-DeFi Exchange on Polygon CDK: Introducing Reya, blending the best of CeFi and DeFi. Powered by Polygon CDK, it promises unparalleled speed, throughput, and a seamless trading experience.
🛠️ Immutable zkEVM Mainnet Enters Beta Phase: With over 200+ games in development, Immutable's zkEVM Mainnet, powered by Polygon, is set to redefine blockchain gaming with its upcoming beta launch.
🎲 SuperLayer and TakiApp Join Forces with Polygon for Gaming Upgrade: A strategic partnership to upgrade web3 gaming, featuring Pac Cat and plans for Executable NFTs in Taki Games’ mobile games network by 2024.
🎁 Smart Cat Loot: First Asset-Backed xNFT on Polygon: The launch of Smart Cat Loot marks a new phase in the NFT space, being the first asset-backed xNFT available on Polygon.
📈 Polygon POS Shatters Inscription Records: Making a mark with a whopping 161 million inscriptions, Polygon POS stands out with its exceptionally low gas fees, showcasing the network's impressive scalability and efficiency.
Let’s dive into the details.
Fuse Network Partners with Polygon for ZK-Powered Layer-2 Innovation
Fuse Network has announced a partnership with Polygon Labs, focusing on the development of a ZK Layer-2 network. Utilizing Polygon's Chain Development Kit, this collaboration aims to create a Layer-2 solution on Ethereum that enhances both efficiency and privacy. The initiative represents a significant advancement in the realm of Web3 payments.
The plan is to build a network that's not only more efficient but also prioritizes privacy. By leveraging the power of Zero-Knowledge (ZK) proofs, this partnership is a leap forward in Web3 payments.
For users within the Polygon ecosystem, this partnership is anticipated to yield a more streamlined and cost-efficient experience in conducting Web3 transactions. The adoption of Polygon's technology by Fuse Network underscores a broader industry trend toward enhancing the accessibility and simplicity of blockchain payments.
Guild of Guardians Embraces Polygon's Immutable zkEVM for Gaming Revolution
Guild of Guardians is embarking on a significant technological transition, moving from ImmutableX to Polygon's Immutable zkEVM. This shift represents a strategic enhancement, aiming to leverage the advanced capabilities of Polygon's blockchain technology to improve the overall gaming experience.
By integrating with Polygon's Immutable zkEVM, Guild of Guardians plans to meld Ethereum's renowned security with the benefits of efficient, low-cost transactions. This integration is expected to facilitate more sophisticated and secure in-game interactions and an improved economic model for the game's tokenomics.
A notable aspect of this shift is the incorporation of Immutable Passport, a web3 wallet designed for ease of use. This feature, supported by Polygon technology, is intended to streamline user onboarding through user-friendly social logins and enhanced security measures.
To enhance the user experience, Guild of Guardians, in collaboration with Polygon, will cover gas fees for all users of the Immutable Passport. This decision aligns with the broader goal of making blockchain technology more approachable and user-centric.
The transfer of Guild of Guardians' NFTs (GOG NFTs) to the Immutable zkEVM is planned for the first quarter of 2024. This timeline is coordinated with the game's development roadmap and Polygon's commitment to ensuring smooth transitions within the blockchain ecosystem.
This migration by Guild of Guardians to Polygon's Immutable zkEVM is a forward-looking step in the evolution of blockchain gaming, highlighting a commitment to enhancing user experience and broadening the appeal of blockchain-based games.
ZKFair Mainnet Launches: A Community-Powered ZK L2 Network
ZKFair has recently launched its mainnet, which introduces a unique ZK-Rollup network, developed using Polygon's Chain Development Kit, and integrated with Celestia's data availability solutions and Lumoz's Resource as a Service.
ZKFair is designed with a strong emphasis on community involvement. It operates without the conventional setup of investors and reserves, focusing instead on direct community engagement.
Aiming for an equitable model, ZKFair has initiated a 100% token airdrop to its community members at launch, promoting a more inclusive participation strategy. The platform has captured significant interest, evidenced by its growing user base of over 203,000 and a TVL of more than $123 million.
Recognizing its role as an experimental Layer-2 network, ZKFair encourages new users to familiarize themselves with its features and operational guidelines, ensuring a well-informed user experience.
With its mainnet launch, ZKFair is showcasing an alternative approach in the DeFi space, leveraging Polygon's blockchain technology. This move is indicative of a broader trend towards more community-driven, decentralized finance solutions.
Rated Broadens Its Analytics Scope to Include Polygon PoS
Rated, a leading blockchain analytics platform, has officially expanded its services to include support for the Polygon Proof of Stake (PoS) chain. This development is part of Rated's vision to become a multi-network analytics facility, offering in-depth insights into blockchain networks.
Rated's integration with Polygon PoS enables users to access detailed information about the network's infrastructure. This encompasses a thorough analysis of validators and over 24,000 delegator addresses. By examining stake distribution, APR%, and reward mechanisms, Rated provides an extensive understanding of the network's dynamics and performance metrics.
The platform's comprehensive approach offers a panoramic view of the health and functionality of the Polygon network. This includes detailed information on rewards reference rates and a complete overview of validator and delegator sets. Such in-depth analytics are crucial for understanding the network's robustness and efficiency.
Rated's expansion into the Polygon ecosystem marks a significant milestone in the realm of blockchain analytics. It underscores the growing influence of Polygon and highlights the industry's need for transparent, data-driven approaches. This move by Rated is expected to empower users with the tools necessary for informed decision-making in the blockchain space.
Reya: A New "Ce-DeFi" Exchange Powered by Polygon CDK
Reya Labs has introduced Reya, a pioneering "Ce-DeFi" exchange that ingeniously blends the efficiency and user experience of centralized finance (CeFi) with the transparent, on-chain execution of decentralized finance (DeFi).
Powered by Polygon CDK, Reya features a unique architecture that includes the Reya Exchange and the Reya Network, each designed to optimize different aspects of the trading experience.
Reya Network's architecture is built to be open, allowing other exchanges to integrate and operate on the network. This interconnected ecosystem will deepen liquidity and enhance trading experiences. The initial launch will focus on core derivatives clearing and the passive LP pool. Throughout 2024, additional features, such as the high-performance orderbook and governance for the Reya Network, will be rolled out.
Leveraging Polygon's advanced technology, Reya Network is designed to be adaptable and scalable, poised to evolve with the rapidly changing crypto landscape.
Smart Cat Loot: A Novel xNFT Collection on Polygon with Dynamic Mechanics
Smart Cats has successfully launched and sold out their innovative Smart Cat Loot collection. Smart Cat Loot is distinguished as the first asset-backed xNFT on the Polygon network, representing a significant milestone in the NFT and DeFi crossover.
This collection introduces an innovative mechanism allowing holders to burn their xNFTs and recoup the mint price, minus a transaction fee, at any time. The Burn and Return price dynamically increases with the secondary market trading volume, adding a unique economic layer to the NFT experience.
The Smart Cat Loot collection debuted impressively, ranking in the top 5 Polygon collections by trading volume within 24 hours of its launch. Apart from its financial mechanics, Cat Loot xNFTs also function as interactive gaming tokens. Owners can use the minted Toys to interact with their xNFT Smart Cats, engaging in activities to earn points. Points accumulated through Cat Loot interactions can be combined with Smart Layer questing points, unlocking various community rewards and incentives.
Smart Cat Loot's launch on Polygon showcases the evolving landscape of NFTs, where the integration of asset-backed value, dynamic pricing models, and interactive gaming experiences are creating more engaging and economically interesting digital assets.
Wrapping Up This Week's Edition
And that’s a wrap for this edition of The Polygon Pulse!
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Until Next Week…
Continue your exploration of the vast and ever-evolving Polygon universe. Stay curious, stay connected, and we'll be back soon with more updates and insights.
Wishing you an inspiring week ahead,
Momo and The Polygon Pulse Team
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