Polymath(POLY)

On-chain data shows a continued accumulation of XRP and Polygon’s native tokens, XRP and MATIC, by big investors despite the ongoing market uncertainty.

NFTs continued to grow beyond their humble Ethereum roots this week, with Magic Eden becoming the first major NFT marketplace to offer Bitcoin-based collectibles on its platform. Web3 gaming was also in the spotlight, as Sony filed a patent that could make NFTs transferable between different games and consoles. Meanwhile, blockchains Immutable and Polygon announced a major partnership aimed at making it easier for developers and game studios to jump into Web3.

Los Angeles, California, 24th March, 2023, ChainwireDeSo, the decentralized social media blockchain, has introduced a groundbreaking Proof-of-Stake (PoS) system, setting a new standard for the industry. This innovative technology promises to revolutionize and build upon the successes of previous Proof-of-Stake systems, providing greater energy efficiency and security while making its native currency, $DESO, deflationary.Implementing this new Proof-of-Stake system marks a significant milestone for the DeSo Blockchain, a new layer-1 that raised $200 million from Sequoia, Andreessen Horowitz, Coinbase Ventures, and more.DeSo's state-of-the-art system combines and refines all of the best elements of earlier PoS systems, including Tendermint, HotStuff, DiemBFT, Ethereum, Solana, Avalanche, and Flow.It was aptly named "Revolution" because of its revolutionary new features that build on the successes of previous mechanisms of other leading layer-1 blockchains. One of the most exciting new features is a new concept called Revolt."Revolution represents a major breakthrough in the blockchain industry. Our new concept, Revolt, not only makes Revolution one of the most censorship-resistant systems in existence but also addresses a major issue with existing smart-contract systems - miner-extractable value,'" said Nader Al-Naji, founder of DeSo.Nader Al-Naji added, "We're excited to introduce roughly a dozen distinct breakthroughs over existing proof-of-stake mechanisms with Revolution. These breakthroughs are arguably worthy of their own distinct academic paper." Al-Naji's statement highlights the significant advancements that Revolution has made and its potential to drive innovation in the blockchain space.Like the Ethereum PoS system, DeSo's Revolution PoS requires validator nodes to lock up a deposit of $DESO on the network to participate in consensus. Using crypto as collateral compels the nodes to behave appropriately and helps keep the network secure.Other exciting features include:Maximum deflation, where transaction fees are burned to the maximum extent possible, making $DESO deflationary.Revolution Rule, which automatically times out leaders that are censoring the mempool transactions.Sovereign staking, where users only need to lock their $DESO for roughly three hours, significantly improving security.The white paper has yet to be released but will be very soon. Users can read more about DeSo's Revolution Proof-of-Stake here.Exciting times lie ahead for the decentralized social media blockchain as it gears up to release a series of groundbreaking innovations on top of Revolution Proof-of-Stake.DeSo is changing how we interact with social media with upcoming launches such as DeSo Drive and The Decentralized Web. DeSo Drive provides users with a faster, cheaper, and more secure alternative to Google Drive, while The Decentralized Web lays the foundation for a fully-decentralized internet that is accessible to everyone.These innovations embody DeSo's bold new vision for the future of social media and the internet."As a team, we remain focused on our mission to move away from a world where a handful of megacorps control our information," said Nader Al-Naji, founder of the DeSo blockchain. Nader Al-Naji added, "With the launch of Revolution, DeSo Drive, the Decentralized Web, and our other upcoming launches, we're not just building a better blockchain. We're building a technological foundation that we believe will ultimately replace the current platform monopolies that custody all of our sensitive data today." Al-Naji's statement emphasizes the long-term vision of the DeSo team to create a more decentralized and user-centric future for the internet.This is just the latest in a string of successes for DeSo that recently saw them launch MegaSwap, which allows instant, cross-chain swaps for Bitcoin, Ethereum, Solana, USDC, and soon to be many more currencies.Additionally, DeSo just went live with Openfund, a breakthrough fundraising platform that allows entrepreneurs to launch tradeable coin-backed fundraising rounds open to anyone in the world. Users can learn more about DeSo and claim their decentralized, censorship-resistant profile here.About DesoDeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.ContactGrowth Marketing LeadAsh GhaemiDeSo [email protected]

After launching ZkSync Era for developers-only last month, the project took the additional step Friday of opening it to general users. The latest push comes just days ahead of Polygon’s planned rollout on Monday of its own “zero knowledge Ethereum Virtual Machine.”

Chinese crypto billionaire Justin Sun sued by SEC, Do Kwon busted in Casino Royale location, game with 180 million players embraces Polygon.

Blockchain-powered sports game developer Pooky has launched the full play-and-earn version of its football results prediction game following a four-month beta testing program. Pooky aims to combine immersive gameplay with sustainable token rewards, providing a blockchain-based alternative to the traditional betting model. Pooky is built on the Polygon blockchain The game allows holders of Pookyball non-fungible tokens (NFTs) to compete to predict the outcome of football matches, the number of goals and the correct score, earning rewards based on their rank and skill level. Each Pookyball NFT has different attributes. There are four rarities that boost the number of points that players can receive for making correct predictions. The launch coincides with a full football matchday schedule from March 23-28, including several Euro qualifiers. During this period, Pooky’s minimum reward will double from 200 to 500 MATIC per matchday, and players will be eligible to receive rewards in the form of NFTs and Pooky’s in-game currency POK. The first drop of 1,000 Pookyball NFTs required to access the game sold out before the launch. Pooky is now offering an additional mint of 100 regular NFTs to allow players to join the high rewards leagues or optimize their gameplay strategy. There are two play modes: Basic League and Play-and-Earn Leagues. In the Basic League, each new player receives two Rooky Ball when they sign up to start playing the game for free. Rooky Ball earn limited rewards and cannot be traded. In the Play-and-Earn Leagues, players buy Pookyball NFTs, which can earn more points and enter higher reward Leaderboards. During the beta test, 7,000 recurring Pooky users made 700,000 football predictions and competed against each another every week. Popular football influencers such as Fiago, RazzHD, and Sims2 generated interest with content around the project. Founded in 2022, Pooky has raised more than €3 million from pre-seed investors, including Claster Investments VC, and has advisors from the sport, gaming and blockchain industries. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The domain provider will allow users to send encrypted messages to one another, helping Web3 projects foster community.

Gotchichain is a permissioned version of Polygon optimized for Aavegotchi-themed games and dapps.

Decentralized finance (DeFi) is increasingly shaping the future of financial transactions, and it's crucial for platforms to maintain their integrity and ethical standing. DeFiLlama, a leading on-chain analytics platform, found itself in a difficult position when news broke of an internal conflict and a potential fork due to a rogue team member. Fortunately, the team has since resolved the conflict and assured users that the platform will continue to operate as usual. The dispute, which centered around a hostile takeover of the on-chain analytics platform, was brought to light by a core contributor using the pseudonym 0xngmi on Twitter. The rogue team member, identified as 0xLLam4, was reportedly attempting to launch a native LLAMA token without the consensus of the DeFiLlama team. 1/3 The DeFiLlama team would like to apologize for the events that unfolded yesterday, as a result of poor communication and a misunderstanding within the team. — DefiLlama.com (@DefiLlama) March 20, 2023 Following the revelation, DeFiLlama took to Twitter to apologize for the chaos, attributing the events to poor communication. The platform assured users and clients that there is no LLAMA token in the pipeline, quelling fears of a potential disruption to the platform's operations. Tendeeno, a contributor to Llama Corp, revealed that 0xLLam4 was, in fact, the founder of the platform. The founder's eagerness to launch the token and generate revenue was the primary cause of the conflict. However, with the situation now resolved, DeFiLlama has managed to safeguard its reputation and maintain the trust of its users and clients. As the DeFi ecosystem continues to evolve, it is essential for platforms like DeFiLlama to uphold the principles of ethical journalism, balanced reporting, and professional news standards. By resolving the internal conflict and demonstrating transparency, DeFiLlama has set a strong example for others in the industry to follow. DeFiLlama is a major multichain decentralized finance (DeFi) analytics platform that has gained recognition for delivering critical data related to the total value locked (TVL) and trading volume on DeFi platforms. As DeFi continues to revolutionize the financial landscape, analytics platforms like DeFiLlama play a crucial role in providing comprehensive insights into the rapidly evolving sector. As a refresher, decentralized finance (DeFi) refers to the decentralized ecosystem built on blockchain technology, which eliminates intermediaries such as banks and other traditional financial institutions. By leveraging smart contracts and decentralized applications (dApps), as such, DeFi allows users to access a wide range of financial services, including lending, borrowing, trading, and investing, in a secure, transparent, and permissionless manner. In this context, DeFi analytics platforms serve as vital tools for users, developers, and investors to make informed decisions based on data-driven insights. DeFiLlama, as a multichain platform, collates information from various blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and more. This comprehensive approach enables users to access a broader perspective on the DeFi market and track relevant metrics across multiple chains. Some of the key data points provided by DeFiLlama include the total value locked in various DeFi protocols, trading volumes, yield farming opportunities, and liquidity pools. These insights help users identify trends, assess the performance of specific DeFi platforms, and make informed decisions about their investments. As the platform moves forward, the team's commitment to addressing internal issues and operating in a more transparent manner will be crucial in maintaining trust within the DeFi community. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Ho Chi Minh City, Vietnam, 22nd March, 2023, ChainwireSince launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.On March 16, Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, to its eligible Arbitrum ecosystem users as part of its transition, noting that the project is “leading the way as the first L2 to launch self-executing governance.”This airdrop, estimated to go live on 23 March, is set to be one of the biggest airdrop in crypto history.KyberSwap was among the protocols whose users bridged to Arbitrum and conducted swaps on the platform, thereby becoming eligible for the $ARB Airdrop.KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. These moves mark significant steps forward for KyberSwap, as it will assist to catalyse significant liquidity inflows, thus increasing TVL and provide more earning opportunities in the rapidly growing Arbitrum ecosystem.With the launch of the $ARB liquidity pools, KyberSwap users will now have access to more trading pairs and liquidity options. Liquidity providers will also have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.The following ARB pools will be eligible for liquidity mining rewards:Token PairsARB-ETH (2%)AprARB-ETH (5%)ARB-USDT (2%)ARB-USDT (2%)ARB-KNC (5%)An estimated total of 70,000 KNC has been allocated as reward incentives. *Incentives may continue after the designation duration is over; to be confirmed at a later date.Greater Flexibility with new Fee TiersWith these highly anticipated yield farms, KyberSwap is introducing new 2% and 5% fee tiers, which exceeds their current highest offering of 1%. These new fee tiers provide opportunities for $ARB farmers to benefit from the anticipated high volatility and trading volume, during the price discovery phase after the airdrop. These pools offer superior returns in addition to the farming rewards, and as a liquidity protocol that has been seamlessly integrated by multiple DEXs and aggregators, KyberSwap is well poised to serve the trading needs of the entire chain not found with other competitors."We are excited to launch the first ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders. Additionally, traders can set their prices to purchase or sell $ARB with our limit order function and swap at the optimised rates with our aggregator.”Other Arbitrum Yield Farms on KyberSwapApart from the upcoming ARB farms, there are other ongoing Arbitrum-based yield farms on kyberswap.com:Depending on the success of $ARB trading volume, the KyberSwap team is planning additional rewards post-launch for traders and liquidity providers which may include $ARB and $KNC airdrops, and commemorative NFT rewards.According toNansen, Arbitrum was one of the fastest-growing blockchain in 2022 with more than $1.1 billion locked in its ecosystem and a rapid increase in transactional volume, this layer-two scaling solution gained massive traction during the year.*Arbitrum Active Addresses/TransactionsThe $ARB token liquidity pools, liquidity mining, and trading campaigns are set to go live on KyberSwap soon, with further details and instructions to be provided on KyberSwap’sTwitterand onkyberswap.com.About KyberSwapKyber Network is building a world to make DeFi accessible, safe and rewarding for users. Their flagship product, KyberSwap, is a next-gen DEX aggregator providing optimised rates for traders and returns for liquidity providers in DeFi.For liquidity providers, KyberSwap has a suite of capital-efficient protocols designed to optimize rewards. KyberSwap Classic’s protocol is DeFi’s first market maker protocol that dynamically adjusts LP fees based on market conditions, while KyberSwap Elastic is a tick-based AMM with concentrated liquidity, customizable fee tiers, reinvestment curve and other advanced features specially designed to give LPs the flexibility and tools to take your earning strategy to the next level without compromising on security.KyberSwap powers 100+ integrated projects and has facilitated over US$15 billion worth of transactions for thousands of users since its inception.Currently deployed on 13 chains, including Ethereum, Polygon, BNB, Avalanche, Fantom, Cronos, Arbitrum, BitTorrent, Velas, Aurora, Oasis, Optimism and Solana, KyberSwap aggregates liquidity from over 80 DEXs to give users the best rates possible for their swaps.ContactMarketing SpecialistTania [email protected]

Immutable and Polygon are collaborating on a new project to change the face of blockchain gaming that will be powered by zkEVM technology.

London, United Kingdom, 22nd March, 2023, ChainwireMetacade, fast becoming the most exciting GameFi project in 2023, has reached the final stage of its token presale after raising more than $500k in 24 hours, reaching a total raise of $12.4m.This comes after a wave of positive news, which includes a showcase of UI designs, a detailed view of their staking pool and the announcement of the Metacade referral programme.The presale is scheduled to end on the 30th of March 2023, after which the MCADE token will list on multiple exchanges, including Uniswap & BitMart.Users can participate in the Metacade presale here.Russell Bennett, CEO of Metacade, said of the positive news, “As we enter the final stage of the presale, it’s all hands-on-deck at Metacade. We’re proud to have achieved so much in so little time, and extremely grateful for the support of our loyal Metacaders and investors in the project. We’re now gearing up for the exchange listings and for our Q2 product launches.”The last stage of the presale sees the price of the MCADE token rise to $0.020, the final price before the exchange listings, which will start after the presale ends on the 30th of March.Metacade is one of blockchain’s first community-driven arcades and will offer a huge collection of play-to-earn (P2E) games that will see gamers rewarded for their performance with the native MCADE token.The platform aims to become a central hub for Web3 users, as its additional earning mechanism is specially designed to serve a wide variety of blockchain enthusiasts.One of the most exciting aspects of the plans laid out in Metacade’s whitepaper, is their pioneering Metagrants program. This will see Metacade investing in new gaming projects using the community treasury, funding the next generation of blockchain game developers.The Metagrants initiative operates by letting developers submit funding applications to support the design and creation of the next GameFi titles. Submissions are pooled for assessment by the Metacade community, where MCADE holders can vote on their favorite submissions. The most popular ideas receive crypto investments to support game production - with the first Metagrant game scheduled to hit the platform in Q1 2024. Metacade tokens are available for purchase up until sell out or the 30th of March, whichever is sooner. users can participate in the Metacade presale here.About MetacadeMetacade is intended to be the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3 and connect with the broader gaming community.The project has the stamp of approval from CertiK, the leading blockchain auditor, which aims to reassure investors that the project specifications and code are reviewed and the Metacade team has passed KYC. This puts Metacade on the same level of confidence as other CertiK projects including Aave, Polygon and Chiliz.Metacade’s one-stop shop potential as the next GameFi hub of choice for P2E gamers as well as a broad range of other use cases is evidenced in the enthusiasm around the project and the success of the presale. With the imminent launch of exchanges, there is huge potential here for continued upside- especially if the development continues at the current pace.ContactCEORussell [email protected]

MapleStory Universe will launch a private Supernet on Polygon for the new game.

Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on 27 March.

The monopoly game hosted by Ladder Protocol has come to an end. It resulted in a $1.12M trading volume with 5625 transactions made, and $599.95K worth of tokens and NFTs TVL. Our top 10 placements on the leaderboard for Top Asset Value start at $8.44K and goes all the way up to our first-place leader […]

New York, New York, 21st March, 2023, ChainwireYesports announces the launch of its premier esports marketplace, opening with a Debut Trading Competition to kickstart the action with its global community. Joined by more than 40 web3 gaming partners and over a dozen esports organisations with a collective following of more than 30 million fans, Yesports sparks confidence and ignites change across the esports industry through the launch of its new marketplace.The Yesports marketplace is a gateway for esports teams and web3 game partners to connect with their loyal community and global fans. Built on a non-custodial platform powered by web3, the new Yesports marketplace offers a point of difference and value for organisations and games to seamlessly launch, list, and promote their digital products. These range from in-game items and accessories to gaming collectibles, platform passes, and memberships.Top tier web3 games have joined in partnership with Yesports for the debut launch including Pegaxy, Planet IX , ZedRun, Mystic Treasure, My Meta Farm, DexioProtocol, Planet Mojo, Fabwelt Studios, Shatterpoint, Decentral Games, Alaska Gold Rush, Skyweaver, Outlaws Brawl, Gunfire, Mighty Bear Gamesand MyMetaSoccer. From March 21st to May 21st, 2023, Yesports will be hosting a Trading Competition offering $8000 in prizes like NFT Packs from participating partners, USDC, and more.Sebastian Quinn, CEO and Founder of Yesports, says: “Our launch of the first and largest cross industry collaborative marketplace on Polygon represents a major milestone for the gaming and web3 industry. It is also a significant step forward in providing fans with a seamless, secure and fun way to engage with their favorite esports teams.”“Our team remains focused on driving industry change through cutting edge tech products that allow for easy and impactful product collaboration with leading partners across web2 gaming and esports and web3 gaming.As thought leaders, we spark conversations that drive change and explore opportunities that deliver impact and boost fun for all those who experience Yesports. We are gratified to see our platform changing the way fans engage with web3 games and beyond, and the marketplace serves as the first portal for esports and web3 gaming communities.”Yesports harnesses the knowledge and expertise of thought leaders and founders from esports and web3 games through monthly Convergence 2023 events. Together with gaming partners in web3, Yesports paves the way forward, enabling the expansion of esports and evolving the fan experience into a brand new era.About YesportsYesports is disrupting the traditional gaming world and democratising the industry in its mission to deliver complete, user-friendly experiences and bridge the gap between gaming, fans, and web3. Bringing entertainment and access closer to the user, Yesports is leading the way in creating a more inclusive gaming world leveraging new technology. Backed by leading VCs and built with world-leading technology, Yesports is focused on delivering the most valuable digital products for gamers everywhere.For more information, view the links belowYesports Media Kit Yesports Media Contact | Email: [email protected] | Website: www.yesports.gg ContactHead of BDMatthew [email protected]

Bware Labs is a blockchain infrastructure provider that was founded in 2021 with the purpose of contributing to the rise of a truly decentralized Web3 ecosystem. The company was born out of a frustration with the current state of the market, which relies heavily on centralized platforms, which are controlled by a handful of centralized institutions, creating a single point of failure, thus compromising the security and privacy of users. The founders of Bware Labs recognized that this was not the picture of Web3 that they had in mind, and decided to take action. They saw an opportunity to provide an alternative infrastructure that prioritizes decentralization, security, and accessibility and they set out to build a decentralized platform that could serve as a backbone for the next generation of dApps, without relying on a centralized authority. This is how Blast came to life. Blast is a multichain, subscription-based, API platform which was built and launched in under a year, and since its release at the beginning of 2022 it has reached 4k weekly active users, 100+ enterprise customers, it supports over 40 networks and it has well surpassed 100 billion total API calls. By delivering a high-tech proprietary solution for proxying and routing user requests, Blast achieves best-in-industry response times and top-notch reliability. Knocking down milestone after milestone, Bware Labs expanded well over the API business, and is aiming to become a one-stop shop for all the tools the Web3 players need, servicing not only builders, but also enterprises, blockchains and App Chains. As firm believers in the idea that decentralization implies cooperation, on the validator services side we kept on adding new projects in our portfolio, expanding the total of projects to more than 20 and reaching a TVL of more than $300 million. Somebody stop us! But, there’s more. We now offer a full range of services for Avalanche Subnets and Polygon Supernets, custom indexing services on the Klaytn Network, snapshot services for Aptos, XPLA, Persistence, OKP4, Nolus and Uptick, and faucet services. Additionally, we are bridge operators for Avalanche, deBridge, Axelar, Connext, and Beamer, and last, but not least, our team grew bigger and stronger to reach over 40 talented individuals. Bware Labs repositions itself to be a one-stop shop complete solution provider for boosting blockchain adoption. Following the success in business development and product development, Bware Labs is changing its mission into becoming a vehicle for boosting blockchain adoption and supporting Web3 builders from development to production, release, and beyond. We envision an environment where all Web3 developers have access to reliable decentralized infrastructure and highly performant blockchain development tools, therefore we are determined to create an all-encompassing ecosystem that will support Web3 builders throughout their entire blockchain journey. Bware Labs aims to play a decisive role in worldwide blockchain adoption and will thrive to become the one-stop shop that enables builders to explore the entire blockchain galaxy. “We can say that Bware Labs is powering up Web3. Each dApp that one develops needs access to the blockchain, so our platform is like a base layer for each application. The company works at a fundamental level to help Web3 thrive. This is how we see ourselves in the Web3 ecosystem.” says Flavian Manea, Co-founder and CEO of Bware Labs. If you believe in our cause too, then we invite you to join the Galactic Motorcycle Gang - our way of revving up the engines while BUIDLing and having fun. The GM Gang is a collective of builders, traders, creators, investors, developers, prospects and anybody else who believes in the bright future of our industry. We have confidence that our gang will evolve into a powerful entity that demands recognition in the Web3 realm. It has been a wild ride and we have just started in our mission of building an ecosystem that supports developers every step of the way. We are preparing more tools and services for Web3 builders and activities for Web3 enthusiasts, so make sure you keep up to date with our channels, support us and give us feedback constantly! Check out our refreshed website and follow our socials for more insights! Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Web3 gaming company Immutable has entered into a strategic alliance with Layer-2 blockchain platform Polygon to work on a project that will onboard more gamers and developers into the Web3 space. Strategic Alliance Between Competing Networks The strategic partnership between the two leading companies in the blockchain space is focused on creating a new Ethereum scaling network to pair the upcoming Polygon zkEVM with the Immutable platform designed for web3 games. The project seeks to accelerate innovation and adoption in the still-new crypto gaming space. The President of Polygon Labs, Ryan Wyatt, also shared his perspective on the partnership and its role in the future of web3. He said, “[Polygon is] a very clean, well-polished end-to-end solution and market for game developers and gamers. There’s been some skepticism about where this can go and what is it going to look like…now you’re going to see it go into overdrive these next couple of years…for me, this is like the next evolution of mainstream adoption. You’re already starting to see blockchain games with higher fidelity.” Immutable Platform To Scale Ethereum Transactions Since the high traffic on the Ethereum blockchain often causes network congestion, adding to the overall costs, this partnership would help Immutable to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) on the Polygon blockchain. With Polygon’s zkEVM technology, transaction costs will be lowered without losing the Layer-1 Ethereum compatibility. As a result, this would make sure that upcoming games are much faster, easier, and pose less risk for gaming studios without Immutable having to build its own alternative blockchain. It will also encourage more independent developers to get involved in web3 gaming. Once Rivals, Now Partners The partnership was revealed at the Game Developer Conference on Monday, where Immutable Co-founder and President Robbie Ferguson spoke at length on the matter, claiming that the partnership would combine the abilities and technologies of the two companies and result in a 100x to 1000x scaling of transactions. Although Immutable X and Polygon are competing scaling networks, both the presidents realized their common goal to scale Ethereum instead of competing against it as Layer-1 rivals. Therefore they joined forces to expand the capabilities of Ethereum instead of creating a new, custom network. Ferguson also said, “For us this is a pretty obvious play. We realized very quickly the scaling limitations of Ethereum, but we never wanted to compete with it…[That] made it a very easy philosophical alignment once we looked past the intense competition we'd had on the gaming front over the past couple of years.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Introduction There are thousands of projects on the crypto market. Some are more innovative than others. For instance, Polkadot (DOT) is building an interconnected ecosystem of blockchains with shared security. Polygon (MATIC) is expanding upon the functionality and tech behind the Ethereum blockchain. And, fresh out of phase one of presale, TMS Network (TMSN) is […]

Web3 gaming developers will be able to build on a new zero-knowledge Ethereum Virtual Machine that aims to increase ownership rights for players and take on the big gaming corporations.

The strategic partnership is aimed at simplifying the process of onboarding game studios and developers into Web3.

What is an Polymorphs? Polymorphs are a non-fungible tokens collection built on the Ethereum network launched in 27 June, 2021. 9,988 items of the Polymorphs collection can now be viewed at OpenSea. How many owners does the Polymorphs collection have? The total number of owners has reached 2234 within 626 days since its release. NFT Collection Polymorphs Price and Sales The market capitalization of Polymorphs NFT collection is 249.70 ETH. Since created the Polymorphs, 8,576 collections sales were made at an average price of 0.14 ETH (~$240.25 at the time of writing). This created a total volume in 1,237.459 ETH. The floor price of Polymorphs is 0.03 and the 30-day trading volume is kept at 0.50 ETH. The payment tokens of the Polymorphs collection are ETH, DAI, WETH, USDC. Why are some NFTs expensive and others not? NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage. Is the Polymorphs Collection Over or Underpriced? It is difficult to determine whether NFTs from the Polymorphs collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the Polymorphs collection is developed and promoted by its creators and community. Polymorphs NFT Collection Examples Mariguana #1 X-YZ #27 Frankie #28 Frankie #6 Polymorphs fees Buyer fee to dev: 0 basis points Seller fee to dev: 750 basis points Buyer fee to opensea.io: 0 basis points Seller fee to opensea.io: 250 basis points Buyer fee: 0 basis points Seller fee: 1000 basis points Polymorphs editors list The approved editor's accounts of Polymorphs collection are 0x88b503c81a4fb9c9c5464dd3c6835fc34b2cc85d, 0x5473580406d12e1cbd4c00b77e158fff0ce9424e, 0x67b93852482113375666a310ac292d61ddd4bbb9, 0x1d7f4ba2997d644d21195aada3f2f85f24330e6d, 0x1c7b584166c0d53dabd447563331f0466ebe5976. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Last Friday, Layer One X (L1X) announced a landmark development in the blockchain space by becoming the first layer one blockchain to achieve a decentralized transfer of assets between an EVM chain and a Non-EVM chain. This achievement allows the fast, secure and decentralized transfer of assets between blockchains without the use of bridges. The latest achievement was launched on the Layer One X testnet and will be fully launched once the mainnet is unveiled in August this year. Layer One X is a new layer 1 blockchain, currently in testnet, that aims to revolutionize decentralized cross-chain asset transfer. According to its website, the platform delivers the ‘Blockchain quartet’ of “interoperability, decentralization, scalability, and security” without compromising one over the other. The latest development, allowing interoperability between EVM and non-EVM chains, is a game-changer for blockchain users and developers, as it removes the need to use bridges. Speaking on the successful test, Layer One X Founder Kevin Coutinho believes the development will drastically alter the ease of asset transfer across the broader blockchain ecosystem. "We are excited for the opportunity this presents to allow projects and developers to build asynchronous features on blockchains through a decentralized source of truth,” he said. Simply, EVM chain refers to blockchain networks that are compatible with Ethereum Virtual Network (EVM), such as Polygon, Binance Smart Chain (BSC), and Ethereum itself. On the other hand, non-EVM chains are not compatible with the Ethereum Virtual Machine and do not share the same programming languages. Some examples of non-EVM chains include Solana, Polkadot & Cosmos. Since the advent of blockchains, transferring assets between EVM and non-EVM chains has been a challenge. As the decentralized finance ecosystem grows, the safety and security of decentralized cross-chain asset transfers becomes more and more critical. The most significant advantage that L1X brings to users is removing the need for bridges to transfer assets across blockchains. In 2022, of the $2 billion hacked from DeFi protocols, $1.6 billion was associated with bridges including Wormhole, Ronin bridge, Nomad and Wintermute. Crucially, bridges are soft targets for hackers hence the need for safer and more secure solutions. Finally, bridges are often expensive and complex solutions for cross-chain asset transfers. Apart from replacing bridges, L1X also allows the development of more interoperable DeFi solutions. The connectivity of EVM and non-EVM chains will enable developers to build DApps that work seamlessly across different blockchain networks, giving them access to a larger pool of assets. This means that decentralized applications will have more choices of assets, enhancing capital provision and efficiency. L1X shaping the future of blockchain interoperability Layer One X’s latest innovation aims to shape the future of blockchain asset transfers and the DeFi ecosystem. This new paradigm of blockchain interoperability is expected to drive increased adoption and offer additional value for users and blockchain-based businesses. "We are now focused on bringing generic messaging and event-based interoperability with the same virtual machine in the coming few months that will open markets such as decentralized identification and multi-chain utility,” Coutinho added. As interoperability across EVM and non-EVM chains become more scalable, users will be able to open up new business models and earning streams quickly and efficiently. The combination of these factors will help increase the adoption of blockchain technology by making it more accessible and easier for developers and end-users. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Both Polygon supernets and Avalanche subnets are scalability solutions that help developers deploy app chains.