Polygon


Tech

Celo Developer Proposes Mid-January Timeline for Evaluating Closely Watched Layer-2 Move

With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo's choice is being closely watched by the blockchain industry.

A Celo-sponsored claw machine where attendees could win merchandise items. (Lyllah Ledesma/CoinDesk)

Tech

Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology

The OKB token will be used for gas fees on the new chain, which comes as rival crypto exchanges including Coinbase and reportedly Kraken are pursuing their own layer-2 projects.

OKX Chief Innovation Officer Jason Lau (OKX)

Tech

Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role

Wyatt, who previously served as president at Polygon Labs and had a stint at YouTube, joins as chief growth officer, where he will be in charge of helping developers build across Optimism’s ecosystem of blockchains.

Optimism Foundation Chief Growth Officer Ryan Wyatt (Optimism Foundation)

Finance

Polygon Labs Commences $85M Grant Program to Draw Builders to Its Ecosystem

Polygon Labs is offering 110 million of its native token, MATIC, to projects in DeFi, gaming and social media, among others.

Polygon co-founders Sandeep Nailwal, Jordi Baylina and Antoni Martin (Polygon)

Markets

Bitcoin Breakout Toward $45K 'Imminent' Says Matrixport

Polygon's MATIC and Chainlink's LINK led altcoin gains Wednesday afternoon.

CoinDesk Bitcoin Price Index (CoinDesk)

Tech

Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network

The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.

Kraken CEO Jesse Powell (CoinDesk)

Markets

FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies

The latest transactions followed $19 million worth of crypto moved from FTX cold wallets to exchanges.

MATIC and LINK moved from FTX-related wallets (Arkham Intelligence)

Tech

POL Contracts Go Live on Ethereum Mainnet as Part of Polygon 2.0

POL token will power every blockchain that runs atop the Polygon network.

Polygon APIs will soon be available on The Graph. (Aquaryus15/Unsplash)

Tech

Polygon Proposes Council for ‘Decentralized Governance,’ Names 13 Members

The committee will consist of 13 people including officials from Coinbase and the Ethereum Foundation.

(Polygon Labs)