With a little more than 53,000 dApps, Polygon has grown into a de-facto platform for the Web3. Polygon is a leading platform for Blockchain development, offering blockchains that are scalable, accessible, secure, and resilient for the Web3. Polygon technology is carbon neutral, aiming to drive the Web3 ecosystem to carbon neutrality. Polygon is the platform enabling Ethereum Layer 2 (L2) Scaling and Blockchain-based Infrastructure Development.
Polygon (MATIC) is a layer-2 blockchain developed as a scaling solution for Ethereum. Established in 2017, Polygon (also known as the Matic Network) is a protocol and a framework to build and connect Ethereum-compatible blockchain networks. Polygon is the home to some of the biggest Web3 projects, like Aave, Uniswap, and OpenSea, as well as high-profile enterprises including Stripe and Adobe.
Exoduss Web3 Browser-Based Wallet is the first product to feature multiple chains, bringing together the worlds of Solana, Ethereum, Algorand, and Polygon Blockchains. Customers can seamlessly switch between networks, as well as buy, sell, and visualize NFTs across all supported blockchains, in Exoduss browser-based Web3 Wallet. In addition, Arweave is smart contract-compatible, meaning that web3 developers can tailor DApps to leverage data from the Arweave blockchain.
Crypto businesses have taken a leading role in building Web3 solutions, and blockchain networks such as Polygon are ready to be incorporated, which allows for cross-compatibility with other ecosystems, as well as improving overall efficiency for these types of offerings. To fulfill Polygons core mission, Polygon is onboarding new, world-class talent from Web2 and Web3 to deliver both the technology stack and infrastructure needed to enable projects long-term success. Polygon is also helping a number of Web2 companies, including Starbucks, Adobe, Clinique, and Stripe, to integrate web3 capabilities, and raised $450M in February to further power its Web3-focused initiatives.
The building has allowed Polygon to break through the technology barriers and create a platform for long-term scale, capable of supporting scale similar to that of the Web2. The new Web3 Self-Sovereign wallet will support the polygon Proof-of-Stake Chain as the first of its kind blockchains. Polygon is also the first Ethereum-compatible blockchain, following Ether itself, to be supported by Coinbase, with withdrawals and deposits for Ether, the Polygon-native MATIC token, and USDC stablecoin, all coming June.
In a move that accelerates the Polygons momentum, Layer 2 Network announced that Latin Americas leading fintech company, Nubank, plans to launch its own chain and token using Polygons technology. The beta launch will support only its own chain, and will let users exchange cryptocurrency assets without incurring any network fees. The polygon blockchain has emerged as a leading gateway to transitioning Web2 consumers to the Web3, said Bernstein in a research report on Friday.
The American entertainment conglomerate has included multiple blockchain, NFT, Web3, AR, and AI companies on its accelerator program, suggesting possible movement to the cryptocurrency space. The selection indicates the American entertainment conglomerate and Polygon (MATIC) may be working together on developing blockchain-based assets like NFTs. The main component of Polygon is Polygon SDK, which is a modular framework supporting development of several types of applications.
