Tagged: sandeep nailwal

Babylon $18M Raise Led by Polychain Capital, Hack VC

This week Babylon, a project that aims to build a Bitcoin-secured decentralized world, announced the close of its $18 million funding round. The round was co-led by Polychain Capital and Hack VC, with participation from Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, Symbolic Capital and IOSG. The funds will… Read More

DeFi Adoption: Polygon Backs Institutional Decentralized Crypto Exchange (DEX) D8X Deal

D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and various other investors. The capital will help D8X launch “a decentralized derivatives trading platform in the second half of 2023 that provides… Read More

Web3 Infrastructure: Polygon Labs, Horizon to Advance Sequence’s Wallet, Developer Stack on Polygon Supernets

Horizon Blockchain Games, a web3 infrastructure and gaming company, and Polygon Labs, a growth and development team for the Polygon protocols, announced a strategic alliance aimed at enhancing web3 infrastructure. Horizon’s Sequence product is described as “a leading web3 developer platform: its modular all-in-one web3… Read More

Blockchain based Gaming: Magic Eden Announces Expansion to Polygon Network

Magic Eden, the cross-chain NFT marketplace, announced plans to integrate with the Polygon network. The expansion will allow Magic Eden “to work closely with strategic IP owners, world-class games developers, and emerging creators from the Polygon ecosystem.” The Polygon network is “home to some of… Read More

Brazil based Neobank Nubank Creates Bespoke Cryptocurrency – Nucoin

Nubank (NYSE: NU) has announced the creation of its own cryptocurrency Nucoin. The digital asset is leveraging the Polygon blockchain network. Nubank claims the title of one of the largest financial services companies in the world. Last month, it reported that it had topped 70… Read More

Web3 Venture Studio SuperLayer Establishes $25M Fund Led by Polygon

Web3 venture studio SuperLayer is announcing a $25 million fund “led by anchor investor and strategic partner Polygon, an Ethereum scaling platform onboarding millions to Web3.” SuperLayer is “a Web3 venture studio founded by early pioneers in blockchain, gaming, and social tokens who are applying… Read More

Singapore based Digital Asset Investment Firm KoinBasket Acquires $2M via Pre-seed Round

KoinBasket, a Singapore-headquartered digital asset investment platform, recently finalized a $2 million pre-seed round. KoinBasket says that it plans to use the proceeds from the investment round to further expand its professional team and onboard talent. The round has reportedly been led by investors such… Read More

DraftKings is Now a Polygon Validator

DraftKings (Nasdaq: DKNG) has joined the Polygon ecosystem as a validator and node operator, according to a company release. DraftKings is a publicly-traded sports betting company with a valuation of around $8 billion. The relationship is via a collaboration with Zero Hash that enables DraftKings… Read More

Polygon to Support City of Lugano’s Mission to Become Europe’s “Blockchain Capital”

Polygon and Tether stablecoin are reportedly backing the City of Lugano in its effort to transform this lakeside town in southern Switzerland into Europe’s “blockchain capital.” Lugano will reportedly allow citizens and companies “to use Bitcoin, Tether, and the city’s own LVGA stablecoin to pay… Read More

Polygon Raises $450 Million to Pursue Web3 Strategy

Sequoia Capital India has led a $450 million funding round for Polygon. Polygon is a platform for Ethereum scaling and infrastructure development. The company reports widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, approximately 130 million unique user addresses, and over $5 billion… Read More

SPACE Metaverse Secures $7M from Dapper Labs, Digital Currency Group, Coinfund, Others

SPACE Metaverse has acquired $7 million in capital from a number of tier-one venture funds in order to establish the economic foundation to join various metaverses into “one parallel society.” The funding Included some of the most prominent names in the DeFi and crypto space… Read More

Mir, Polygon, Shake Hands on $400M ZK Deal

Polygon, Ethereum’s most used scaling platform, today announced a $400 million deal with zero-knowledge (ZK) startup Mir as part of the next step in scaling Ethereum and bringing millions of users to Web 3. With this acquisition, Polygon said it gains access to the world’s… Read More

21Shares Welcomes Seed Funding for Polygon ETP

Cryptocurrency exchange-traded products (ETP) issuer 21Shares this week announced the seed funding of the 21Shares Polygon ETP (Ticker: POLY) on the SIX Swiss Exchange by the Polygon Foundation. The 21Shares Polygon ETP (Ticker: POLY) tracks the investment results of Polygon, an Ethereum scaling platform. Hosting… Read More

Tokeny Helps Enegra, a $28 billion Company, Migrate Digital Securities from Ethereum to Polygon

Tokeny, a digital asset platform that supports tokenization and digital securities, has aided in the migration of Enegra from Ethereum to Polygon blockchain. Enegra is a commodities trading firm with approximately $28 billion in net asset value (NAV). Enegra Group Ltd, incorporated in Malaysia, enables… Read More

Ethereum Scaling Solution Polygon Teams Up with DraftKings to Support NFTs, Secondary Markets

Polygon, an Ethereum-powered scaling platform on-boarding consumers to Web 3.0, has announced a blockchain collaboration with DraftKings Marketplace, a digital collectibles ecosystem built by DraftKings (Nasdaq: DKNG) for “mainstream accessibility to support custom NFT drops along with secondary-market transactions.” This deal offers DraftKings Marketplace with… Read More

Cobo/Polygon integration to Grow Cobo Community

Cobo Custody, an Asian custodian service provider, and Cobo Wallet, a centralized crypto asset management and wallet platform, will be offering support for their institutional and retail customers to access Polygon ecosystems, the companies have announced. Cobo Wallet and Cobo Custody will fully support the… Read More

Aragon Client Now Live on Polygon

Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, announced Aragon Client, an Ethereum-based project focused on the creation and management of decentralized autonomous organizations (DAO), is now live on the Polygon PoS network. The growth of Web 3.0 communities has… Read More

Coinbase Protocol Team to Scale Ethereum Through Polygon PoS Integration

Coinbase has established Protocol, a team that will be working on scaling Ethereum by integrating it with other solutions. Its first scaling solution to be implemented will be Polygon PoS. The Coinbase Protocol team is an experienced group of engineers at Coinbase focused on contributing… Read More

$100,000 Up For Grabs in Polygon Hackathon

Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, has launched the first round of its Polygon-Grants Hackathon on HackerLink, DoraHacks’ open-source developer incentive platform. Developers are encouraged to come up with ideas for dApps and bring them to life on… Read More

WISeKey Taps Polygon for Trusted NFT Solution

WISeKey (NASDAQ: WKEY), a global cybersecurity, AI, Blockchain, and IoT company, has joined forces with Polygon to offer Trusted NFTs via the launch of WISe.ART NFT platform this month. Polygon is a platform for Ethereum scaling and infrastructure development, as well as for networking Ethereum-compatible… Read More