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Polygon
Polygon Calling on Terra Projects to Move to its Blockchain
Terra and “LUNA 2” (LUNA) have launched following the collapse of the Terra ecosystem. Their thriving developer community will have to decide whether to continue building on the new Terra or abandon ship to competitor blockchains eager to snatch up talent. Polygon Co-founder Sandeep Nailwal and Polygon Studios CEO Ryan Wyatt discuss on “First Mover.”
Tether Expands With USDT Launch on Polygon
Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.
GameStop and eBay Jump into NFTs Despite Bear Market Concerns
Video game retailer GameStop (GME) has unveiled its own self-custodial Ethereum wallet for cryptocurrencies and non-fungible tokens (NFTs), while eBay released its debut digital asset collection through a partnership with Tezos and Polygon-based platform OneOf. “The Hash” group discusses why these two legacy brands have decided to enter Web 3 amid a bear market, referencing the underwhelming performance of Coinbase’s new NFT platform.
Paul Brody on the Rise and Fall of Terra Luna, Blockchain Use Cases and More
Ernst & Young’s (EY) Paul Brody shares insights into the collapse of Terra’s UST and LUNA, discussing the importance of investing in protocols with “institutional maturity.” Plus, EY has unveiled its supply chain manager built for the Polygon network aimed at solving bottlenecks in product traceability.
Terra to Provide UST Liquidity on Polygon-Based SynFutures
Terra will provide liquidity for TerraUSD (UST) trade pairs on Polygon-based decentralized finance (DeFi) exchange SynFutures as the stablecoin continues to grow in popularity. “The Hash” group discusses the Luna Foundation Guard’s (LFG) bitcoin acquisitions to back the digital asset and Terra’s efforts to build cultural bridges with external ecosystems like Avalanche.
Stripe to Add USDC Stablecoin Payments Via Polygon
Payment processor Stripe is tapping Polygon to enable their customers to make payments using USDC stablecoin. “The Hash” group discusses Twitter’s role as the first company to test this feature, Stripe’s involvement in the crypto space and the broader use cases of stablecoins for payments.
India Imposes 30% Tax on Crypto Transactions
India has passed a new law that will impose a 30% capital gains tax on cryptocurrency transactions, putting digital assets in the same taxation category as traditional stocks. “The Hash” discusses what this means for Indian crypto companies like Polygon, which now operate in a hostile market.
Polygon Co-Founder on What’s Next for Web 3
Polygon, a layer 2 (L2) solution for the Ethereum blockchain, raised $450 million in its latest funding round to build Web 3 applications and invest in zero-knowledge technology.