Polygon Expanded Collaborations with Disney, Meta, Starbucks, and More in Q2 2023

Accordint to a report released by Messari, Polygon ($MATIC), a set of Ethereum-based scaling options, unveiled key insights and up to date developments in its ecosystem for the second quarter of 2023. Among the many key highlights, Polygon Labs launched Polygon 2.0, a community of zero-knowledge Layer-2 blockchains. This new improvement goals to turn into the “Worth Layer of the Web,” bringing vital updates to protocol structure, tokenomics, and governance.

The Polygon zkEVM, a Zero-Data (ZK) Layer-2 rollup protocol for Ethereum, confirmed regular development, attaining 200,000 distinctive addresses by the top of Q2. This notable achievement was marked by collaborations and integrations with numerous business gamers. An necessary side of the report was MATIC’s inclusion within the SEC’s complaints in opposition to Binance and Coinbase. Nonetheless, the doc emphasizes that Polygon’s community fundamentals have been unaffected by this information.

Additional, the report signifies that Polygon has expanded its partnerships with distinguished legacy corporations and establishments similar to Franklin Templeton, Securitize, Mastercard, and Warner Music Group. These new additions be a part of current companions together with Adobe, Adidas, Disney, Meta, Nike, Reddit, Robinhood, and Starbucks.

Different thrilling developments embody the launch of the Polygon zkEVM Mainnet Beta on March 27, 2023, aimed toward enabling safe, fast, and low-cost transactions. Moreover, the report offers insights into Polygon Miden, an upcoming ZK Layer-2 rollup protocol designed for Ethereum, using the Miden Digital Machine (MVM) written in Rust. An app-chain-focused scaling resolution for Polygon PoS, generally known as Polygon Supernets, is presently in testnet. Lastly, Polygon ID, a privacy-preserving identification service for Web3 customers, makes use of ZK-proofs to confirm consumer credentials privately.

Polygon’s Q2 report underscores the platform’s ongoing dedication to innovation, collaboration, and development. These initiatives place Polygon on the forefront of the blockchain business, reinforcing its place as a number one supplier of Ethereum-based scaling options. 

Picture supply: Shutterstock



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