Author Archives: decrypt.co

Facebook, Instagram Users in US Can Now Share Ethereum, Flow and Polygon NFTs

Continuing its recent rollout, tech giant Meta announced today that its NFT collectables support is now available to all Facebook and Instagram users within the United States. Meta first began enabling NFT support on its platforms in May with Instagram, and then added Facebook support in June. In both cases, the firm started with a limited number of users, but has gradually[Read more…]

Robinhood Taps Polygon Over Ethereum for Its Web3 Wallet Beta Launch

Robinhood announced the launch of its beta Web3 wallet, giving 10,000 waitlisted customers the ability to participate in the wallet’s testing phase. The application, which is solely available on Apple mobile devices, will let users trade crypto with reportedly “no network fees,” as well as earn yield by connecting with other decentralized applications (dApps). Robinhood[Read more…]

Binance Expands Stablecoin BUSD to Polygon, Avalanche

Crypto exchange Binance has made its stablecoin, Binance USD (BUSD), available on Avalanche and Polygon. The token had so far been available on Ethereum and BNB Chain. Each unit of BUSD is backed by one U.S. dollar, making it a fiat-backed stablecoin, according to Binance and the stablecoin’s issuer Paxos, according to Binance. Traders and crypto users often transact with stablecoins like BUSD to[Read more…]

Starbucks Taps Ethereum Scaling Network Polygon for NFT Rewards

Would you like an NFT with your latte? Starbucks today announced that it plans to offer its customers NFT rewards through Polygon, an Ethereum scaling network. The NFTs will unlock access to things like merchandise and events. The Starbucks Odyssey program, which will launch later this year, will let both customers and employees in the United States earn digital stamps as rewards,[Read more…]

This Week in Coins: Bitcoin Still Stuck in Rut, Polygon and Litecoin Surge

Leaders in Singapore and Paraguay sounded off on crypto regulation, while Celsius and Hodlnaut took baby steps to address their liquidity crises The prices of crypto market leaders Bitcoin and Ethereum typically move together. But some weeks form an exception, and this was just such a week. Bitcoin, the No. 1 cryptocurrency in the world with a $380 billion[Read more…]

Polygon Jumps 10% Over The Week Amid Robinhood, Meta Integrations

Polygon (MATIC) is leading gains among the top 20 largest cryptocurrencies by market capitalization over the past week. MATIC, the coin powering the Ethereum scaling network Polygon, has jumped 10.5% over the past week.  As of this writing, MATIC trades at around $0.8941, up 7.3% over the past 24 hours, per data from CoinMarketCap.  MATIC short trades worth $7.4[Read more…]

OpenSea Adds Polygon Support to Expand Features, Accept MATIC

OpenSea, the number one NFT marketplace by volume, announced today the integration of the layer two scaling solution Polygon into its Seaport protocol implementation. “Starting today, we will begin using Seaport for all new listings and offers on Polygon!” OpenSea tweeted. “We’re excited to start using Seaport across multiple blockchains to improve the experience for everyone on OpenSea.” In June,[Read more…]

Reddit Is Airdropping Free Polygon NFT Avatars to Its Most Hardcore Users

Popular online discussion platform Reddit is leaning harder into blockchain technology, and recently announced that it would launch a series of NFT avatars based on its Snoo character. But now, in addition to selling the tokenized avatars, Reddit is also now giving some away to its most avid users. Recently, a Reddit administrator announced that the platform will airdrop free NFT avatars to users[Read more…]