Author Archives: News

Robinhood Web3 wallet enters beta, taps Polygon as first blockchain

As a blockchain network of choice, Polygon offers scalability, speed, low network fees and a robust developer ecosystem, according to Robinhood. Crypto and stock trading platform Robinhood announced the launch of Robinhood Wallet, a self-custody, Web3 wallet, with Polygon (MATIC) as its first supported blockchain. Robinhood launched the beta version of its Web3 wallet on[Read more…]

Microsoft, Avalanche, Polygon join $20M funding of Web3 automation startup

Web3 and tech companies have participated in a funding round for data platform Space and Time, which aims to transform central databases into trustless data sources powered by smart contracts. In an announcement sent to Cointelegraph, Space and Time mentioned that it raised $20 million in strategic funding from investors like Microsoft’s M12 fund —[Read more…]

Polygon CSO blames Web2 security gaps for recent spate of hacks

Polygon chief security officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough.  Speaking to Cointelegraph, Gupta outlined that several of the recent hacks in crypto were ultimately a result of Web2 security vulnerabilities such as[Read more…]

Polygon founder Sandeep Nailwal raises $50M for Web3 fund

Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet.  Nailwal’s venture firm, Symbolic Capital, is backed by cryptocurrency protocols, exchanges, crypto-focused auditing firms and other venture capital investors, the company disclosed Thursday. Symbolic’s fund has[Read more…]

Fake employees and social attacks: Crypto recruiting is a minefield

Hiring in the crypto world can be difficult. Web3 companies are often disorganized and lack HR departments. Developers sometimes want to remain anonymous — even to their potential employers. Some employees don’t exist at all, while others are secretly juggling three other remote gigs. Then there are those who pretend to be employees but are[Read more…]

Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16

A Polygon executive highlighted that NFT games have an advantage over traditional “money in, no money out” gaming business models. In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT[Read more…]

Decentralized apps on Polygon hit 37,000, rocketing 400% this year

The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via a Wednesday blog post, which was sourced from partnered Web3 development platform Alchemy, noting that the figure represents the cumulative number of applications ever launched on both the testnet and mainnet. [Read more…]