Polygon has released a new update for its network. Polygon contract address released 13.87% of the total supply to the foundation contract address. Officials from Polygon said 640 million MATIC are allocated to the team and staked directly. Furthermore, 546 million MATIC tokens are allocated to the foundation and 200 million are used for staking […]
The Polygon NFT space also saw growth in the second quarter. OpenSea reported that 1.2 million new wallets came online on Polygon, thus, increasing the total unique active wallets by 47% to 1.5 million. While the trade volume declined in USD terms by 64%, transaction volume soared by 47% to $122 million.
Polygon also claimed that “Over 90k developers published their first contract. This is more than 3x the pace of Q1 growth. On average, 1k new creators and 2.7k new contracts went live on the chain every day.”Furthermore, the blockchain firm has announced a partnership with ‘Nothing’ to bridge the gap between Web3 and smartphones. Polygon Vice President of Growth Arjun Kalsythat the plan is to include easy access to games and other applications for the users of the Android-based Nothing Phone .
“How do we get even closer to the user? The largest distribution platform in the world is the mobile phone. Basically, the timing was right that now we can take this technology to the masses.”Even so, MATIC, at press time, was trading at $0.86 after slipping through the day by 5.18%.Subscribe to get it daily in your inbox.
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