Improve in transactions, new collaborations, and extra


Regardless of the troubles that got here with 2022 for the crypto area, Polygon loved regular development in lots of sectors, with file numbers of transactions and new collaborations.

As reported, Polygon facilitated over 960 million transactions and deployed 778,000 sensible contracts with 234,000 contract creators.

As of December 26, there are over 202 million distinctive addresses on the blockchain. Polygon additionally claimed to remove about 600,000 tonnes of Carbon. Along with these accomplishments, quite a few transformative improvements have been launched on the blockchain as adoption continues to develop.

Beneath is a spotlight of notable developments for the Polygon ecosystem in 2022.

Disney Accelerator Program 2022

In July, Polygon was chosen as one of many six corporations to take part within the Disney Accelerator Program 2022 and the one blockchain-oriented agency chosen for this system.

The Disney accelerator program is a enterprise and development-oriented initiative established to reinforce the expansion of progressive companies globally with applied sciences inside augmented actuality (AR), non-fungible tokens (NFT), and synthetic intelligence (AI).

Reddit NFTs surge with Polygon

Regardless of some Reddit customers being anti-crypto, the Reddit NFTs had been among the many main bulletins this 12 months. In October, Reddit launched “Collectible Avatars” based mostly on its Snoo mascot.

Over 3 million wallets had been created on Polygon to obtain the NFTs in a number of months, in line with a Reddit government. Moreover, greater than 5 million coloured avatars have been created with over 4.3 million distinctive wallets.

Polygon and Meta

In November, Meta launched a toolkit for Instagram customers to mint and promote NFTs based mostly on the Polygon blockchain. Value noting that Polygon emerged as the primary companion of Meta for the brand new characteristic.

As revealed, content material creators on Instagram will be capable to design and promote their digital collectibles on and off Instagram.

Dive into blockchain video games via Magic Eden

One other dive into the NFT area noticed Polygon emerge because the third supported chain on the favored NFT market Magic Eden.

Via the combination, Magic Eden will even help sport builders and content material creators within the Polygon ecosystem.

Collaboration with Phantom

Non-custodial pockets Phantom added browser, Android, and iOS help for Polygon final November.

Phantom joined the league of quite a few tasks within the business which are pushing in the direction of a multichain future. The mixing supplied customers with a simplified, secure, and seamless means of utilizing NFTs and decentralized purposes.

NIKE’s journey into the Digital belongings sector with Polygon

Nike launched the digital asset platform, Swoosh, with the help of Polygon, to additional set up its presence within the Web3 area on Nov. 14.

Within the announcement, Nike established that digital apparels from Swoosh are usable for RTFKT avatars. RTFKT is one other well-known developer crew within the Web3 area Nike acquired in 2021.

Starbucks Loyalty Program

In one other improvement, the Widespread Espresso outlet Starbucks via Polygon launched its loyalty reward platform in December.

Notably, the espresso chain large supplied methods of incomes loyalty rewards for purchasers as they participated in an interactive engagement referred to as a “Journey.” The Journey as an interactive session goals to venture the agency’s model and educate prospects about Starbucks and Espresso historical past.

The rewards are digital collectible stamps within the type of non-fungible tokens (NFTs).

Collaboration with Flipkart

In December, Polygon prolonged its attain to the e-Commerce area in India via Flipkart. The 2 corporations partnered to construct a blockchain e-Commerce heart of excellence.

Polygon reviews that the Centre will concentrate on e-commerce analysis and improvement in Web3 and the metaverse, exploring the way forward for buying and being on-line.

Different Landmark Developments

Lastly, tasks like Robinhood, Wild Card, Midnight Society, and One Planet Lending Resolution all loved the contribution of Polygon to their respective tasks.

Furthermore, Polygon can be growing its three zero-knowledge proof (zk) scaling packages to help its rising mainstream adoption ambitions. Utilizing such options, transactions are rolled up on a separate chain after which dedicated to Ethereum, enabling a lot greater transaction speeds.

The Polygon zkEVM was revealed final July, and its testnet was launched in October, with the crew claiming it was the primary zkEVM with a public testnet that produced ZK proofs.


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