Author Archives: decrypt.co

Rising Solana Tide Surges 58% In Second Strong Week

The once-heralded “solana killer” has bounced back, briefly bumping Polygon out of the top ten. After collapsing more than 80 percent over the course of last year, Solana is having a stellar in 2023. The price of SOL has more than doubled this month, rising more than 58 percent to $23.70 in the last seven[Read more…]

Polygon Proposes Hard Fork to Reduce Reorgs, Gas Spikes

Fork it? Polygon has plans for a substantial upgrade in less than a week. After a heated community debate last month, Polygon Labs appears to be moving forward with plans to hard fork the network early next week, according to a blog post published on Polygon’s website Thursday. In the post, Polygon Labs claims the hard fork—proposed to[Read more…]

Mastercard Taps Polygon for Web3 Artist Accelerator

Mastercard plans to leverage Polygon to help guide musical artists into the Web3 space, including with minting their own NFTs. Mastercard announced Friday at the Consumer Electronics Show in Las Vegas, Nevada, that it will use the Polygon blockchain to launch its Mastercard Artist Accelerator. The program is designed to help musical artists learn how to[Read more…]

Polygon Paid y00ts NFT Collection $3 Million to Leave Solana

DeLabs, the startup behind top Solana NFT collections DeGods and y00ts, has revealed that it received a $3 million grant to move y00ts to the Ethereum sidechain Polygon. According to a statement published on Discord by founder Frank, aka Rohun Vora, DeLabs will put the funds toward hiring efforts and launch a crypto incubator to support its[Read more…]

Trump NFTs Crater With Daily Sales Down 98% From Peak

Demand for the ex-president’s Polygon NFTs has vanished, with both sales volume and prices falling sharply. Former U.S. President Donald Trump’s official NFT trading cards were the talk of the crypto industry—not to mention much of Twitter and even late night TV—when they launched a couple of weeks ago, but the hype has since faded significantly. Secondary market sales[Read more…]

Polygon’s ‘Secret Sauce’: Why Starbucks, Meta, and Reddit Chose the Ethereum Scaler

Ryan Wyatt, CEO of Polygon Studios, discusses the recent wave of major Web2 brands building on the platform. Amid a brutal crypto downturn that has only gotten worse with FTX’s collapse, one blockchain platform has repeatedly shown that it can still onboard massive brands with a collective reach of billions into the Web3 world: Polygon, the Ethereum scaling network. Recent highlights include Meta[Read more…]

Magic Eden Eyes Gaming, Brand NFTs With Planned Polygon Support

After expanding to Ethereum, the top Solana marketplace will add Polygon NFTs, citing the sidechain’s Web2 partners and gaming potential. Magic Eden began life as a Solana NFT marketplace about a year ago, and it quickly rose to dominance in that space. In August, the $1.6 billion startup embraced Ethereum, the largest overall NFT ecosystem—and now it’s expanding again, this time to Polygon.[Read more…]

Nike Launches .Swoosh Web3 Platform, With Polygon NFTs Due in 2023

After CryptoKicks comes .Swoosh, a destination for virtual apparel and other NFT-based products, with the first drop due in January Nike has been one of the biggest fashion-world players in Web3 through RTFKT, the NFT and digital apparel startup it acquired in late 2021, and we’ve seen the apparel giant gradually bring its own brand into the space as well. Now Nike[Read more…]

Ethereum, Dogecoin, and Polygon Post Fresh Gains as Crypto Rebounds

Investors had a brief reprieve from the deepening FTX crisis thanks to limited withdrawals and rosier inflation numbers. Top cryptocurrencies staged a small rebound Friday morning, even as more details emerged about the deepening FTX crisis. Ethereum (ETH), Dogecoin (DOGE), and Polygon (MATIC) were among those that had rallied the most in the course of[Read more…]

Wintermute-backed DeFi Exchange Bebop Now Live on Ethereum, Polygon

There’s a new decentralized exchange joining DeFi.  After rolling out a whitelisted service for traders on Ethereum over the summer, Bebop is launching on Polygon for all users.  Though the platform is backed by Wintermute, an institutional-grade market maker in the decentralized finance space, Bebop will be aimed at attracting newcomers to the sector. It’s hoping to do this through[Read more…]