Polygon


Tech

Polygon Acquires Zero-Knowledge Cryptography Firm Toposware

Sources close to the deal told CoinDesk that the company was valued at $30-50 million. The purchase means that Polygon Labs has invested over $1 billion on zero-knowledge research and acquisitions, the team shared in a press release.

Polygon Labs CEO Marc Boiron (Polygon Labs)

Tech

Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync

The chains' users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.

Avail co-founders Anurag Arjun and Prabal Banarjee (Avail)

Tech

Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration

The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.

Union Labs team (Union Labs)

Tech

P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem

P2 was spun out out of Polygon Labs last year and now is allocating funds and mentorship to support project founders, including those focused on the Polygon blockchain ecosystem. A Hadron FC contributor said the community offered the right "capital and vibes."

Hadron Founders Club hosts its first pop-up event for blockchain startup founders in Dubai (Hadron FC)

Tech

Crypto Exchange OKX's Polygon-Powered Layer 2, 'X Layer,' Hits Public Mainnet

OKX's comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.

OKX Chief Marketing Officer Haider Rafique (OKX)

Tech

Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop

A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the tweet to CoinDesk, describing it as a "leak."

Avail co-founders Anurag Arjun and Prabal Banarjee (Avail)

Finance

Polygon Labs Paid $4M to Host Starbucks' Failed Foray Into Crypto: Sources

The blockchain developer gave the coffee giant a $4 million grant as part of their 2022 deal to build an NFT-powered loyalty program that is now being shuttered.

GoToVan/Wikimedia Commons, modified by CoinDesk

Tech

Cosmos-Based Canto Blockchain Reverses Course on Polygon Layer-2 Plans, Unveils New Roadmap

Canto will remain a Cosmos layer 1 network rather than shift to the Ethereum ecosystem, as previously announced. Its new Cyclone Stack will include upgrades aimed at scaling and improving performance of the blockchain.

Tornado Cash website and Discord taken offline (Nikolas Noonan/Unsplash)

Tech

Debating Dencun: Will Ethereum's Big Update Help or Harm the Network?

While Ethereum's rollup-centric roadmap could help the ecosystem reach new levels of scale, some developers think relying on third parties to improve access to Ethereum could backfire.

Ethereum Foundation's Tim Beiko joined The Protocol podcast to discuss the implications of the Dencun upgrade. (CoinDesk, modified using PhotoMosh)

Markets

Arbitrum's ARB, Polygon's MATIC Lead Gains as Ethereum's Dencun Upgrade Goes Live

Ethereum's Dencun upgrade enabled a new way of storing data that was forecast to dramatically cut costs for interacting with layer-2 networks.

Polygon's MATIC price on March 13 (CoinDesk)