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Polygon (MATIC) On Rise After Announcing The Launch Of Accelerator Program

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Polygon (MATIC) started to rise on Monday morning after announcing a collaborative effort with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.

Along with the partnership announcement, Polygon Developers tweeted: Six startups were launched in Icetea Labs’ accelerator program powered by Polygon.

The Polygon (MATIC) price increased shortly after the announcement to $0.775263, up more than 5.0% from the previous day. In the past 24 hours, its trading volume has also increased by about 5.39%, according to data from CoinMarketCap.

On September 11th, according to Nomics Data, MATIC’s price began to drop steadily as it did with the rest of the crypto market. Trade volume was also low – decreasing from $1.29 billion on September 12th to $496.70 million on September 16th, while prices varied from $0.804935 to $0.691834

However, the token’s price began to increase slowly after September 20th. According to CoinMarketCap, the preceding week showed an improvement of 3.8%. The cost increased from $0.728306 on September 25th due to this new partnership.

Polygon (MATIC) Accelerator Program

Alpha Venture DAO is a collaborative-owned company in Southeast Asia that supports startups looking to succeed under the umbrella of Web3. Icetea Labs also acts as an incubator that helps nurture new projects through their research stage.

According to Polygon Developers, this three-part partnership will launch an accelerator program that will focus on mentorship, education, and business skills for promising Web3 startups in need of resources like funding and human capital from other successful startups already operating in this field.

They further claim that selected firms would receive intense training for eight weeks—a brief analysis of the stats for the first 250 applications to the accelerator. 73,000 people cast votes, with a 2% acceptance rate.

The projects in the inaugural cohort of the Icetea Labs Accelerator Program are also mentioned in the tweet’s comment section. The first project is Victory Point, and it’s a free-to-play, first- and third-person, AAA multiplayer shooter with P2E features built using Unreal Engine 5.

The second one is Trouble Punk | Cyber Gals, a battle royale-style online action game that prioritizes fun and captivating storylines. Gamers without tokens or Non-Fungible Tokens (NFT) can play in Free To Play (F2P).

Related Article: Starbucks and Polygon Collaborate to Ramp up Its Web3 Experience

Starbucks and Polygon Collaborate to Ramp up Its Web3 Experience

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Starbucks is paving the path for its web3 experience with Polygon. Web3 is moving toward widespread acceptance. As industry titans from a variety of industries endeavor to try to establish themselves in the web3 market, recent years have shown to be vital.

Enterprises in the automotive industry, technological companies, fast food joints, and coffee shops are beginning to adopt web3. Such an effort has opened the door for Starbucks to engage in a new partnership.

Polygon to assist in expanding “Starbucks Odyssey”

The international coffee chain announces a new collaboration with Polygon. Both businesses published the announcement on their websites. According to the release, both businesses will collaborate closely to improve the “Starbucks Odyssey” web3 experience.

The Odyssey will give its partners and Rewards members in the US the chance to buy and earn digital collectibles. Customers will be able to acquire digital collectibles in NFTs through the new web3 experience, which will provide consumers with additional advantages and coffee-related experiences.

In May, the coffee giant dropped its first indications about the upcoming web3 effort. Later this year, the new web3 experience is expected to go live. Customers can now sign up for the waitlist to try the new Odyssey from the coffee chain first.

The new Odyssey experience allows users to sign up for a variety of tasks, games, and challenges. Users will obtain digital collectible prizes in the form of NFTs after successfully completing each activity.

“By integrating into the Starbucks Rewards ecosystem and grounding the experience in coffee, connection, and community, we are entering the Web3 space differently than any other brand, while deepening our members’ connection to Starbucks. Our vision is to create a place where our digital community can come together over coffee, engage in immersive experiences, and celebrate the heritage and future of Starbucks.”

Brady Brewer, executive vice president 

Related Article: Bakkt Integrates Direct Payment Option with Starbucks

Trifecta for Success: Why Analysts are Touting  Budblockz (BLUNT), Tron (TRX) and Polygon (MATIC) for big gains

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As cryptocurrency markets struggle to shrug off this year’s crypto winter, a new investment landscape is coming into focus, led by a couple of familiar names and a new face on the scene. Analysts looking for resilience against short- to medium-term turbulence and significant future returns are eyeing Tron (TRX) and Polygon (MATIC) as established cryptocurrencies ready to assert themselves and lead the next revival of crypto valuation. Joining them is cannabis-related BudBlockz (BLUNT), whose strong pre-launch sales and prudent alignment with a growing industry have crypto observers expecting great things.

Tron has distinguished itself throughout 2022 by retaining value more consistently than Ethereum (ETH), which it was designed in large part to emulate. None of the parade of so-called “Ethereum killers” has lived up to that title, but Tron combines a recognizable architecture with greater efficiency than the Ethereum blockchain provides, and both developers and investors are taking note. 

More than 1,500 dApps run on Tron’s platform, giving it the market heft that analysts are looking for in the crypto space’s next vanguard. Even when Tron’s stablecoin, USDD, stumbled out of the gate and momentarily lost its peg, it recovered to establish itself as a decentralized currency capable of expanding the range of use cases for cryptocurrency in general.

Like Tron, sidechain innovator Polygon bases its value proposition on facilitating the development and use of decentralized applications. And like TRON, MATIC has proven exceptionally resilient during a rough 2022, posting one of the best performances among major tokens. With a market cap of just over $7 billion, Polygon isn’t a market-driving behemoth, but its status as a major force behind a huge range of use cases (including the evergreen NFT and gaming markets) may help it rise up the ranks in the years to come.

By contrast with those established tokens, BudBlockz is still building toward its official launch. Industry observers, though, point to its extraordinarily strong pre-launch support and firmly anchored use cases as evidence that BLUNT represents the strongest breakthrough candidate among this year’s new and pending tokens, and perhaps the best value play in the crypto space.

BLUNT’s private sale is well ahead of schedule, opening up the very real possibility that its allocation of tokens will be depleted long before its official presale begins in late September. This remarkable demand has nothing to do with hype—no BudBlockz Army has announced itself as yet—and much to do with BLUNT’s compelling value proposition and recognizable, grounded set of use cases. Its roadmap is predicated on supporting the retail cannabis industry’s explosive growth, with asset-backed NFTs facilitating direct investment by BudBlockz users in the companies they wish to assist. Plans for a network of virtual dispensaries operating in concert with brick-and-mortar cannabis retailers also figure into BudBlockz’s long-term strategy, giving crypto analysts ample reason to believe in BLUNT’s promise even before it hits the open market.

The past ten months have been choppy for crypto investors. But tough times often distinguish fleeting opportunities from those with real staying power. Tron, Polygon, and BudBlockz are emerging as sound investments for the rest of the crypto winter and beyond.

Learn more about BudBlockz (BLUNT)

Official Website: https://budblockz.io

Telegram Group: https://t.me/BudBlockz

Discord Server: https://discord.gg/s7hBFgvTmN

All BudBlockz Links: https://linktr.ee/budblockz

To purchase your $BLUNT tokens 

Step 1: Visit the official BudBlockz website https://budblockz.io

Step 2: Click the “sign up” button at the top of the page 

Step 3: Create a Budblockz account. Ensure you use a valid email address.

Step 4: From your client dashboard, click the “buy $BLUNT” button

Step 5: set the amount you want to purchase and the currency you want to order in

Step 6: Make the payment to the provided wallet address

Step 7: Receive your tokens!

Crypto News Flash: Top 3 Crypto Tokens To Contribute To The Growth Of Coin Market – Polygon (MATIC), Cosmos (ATOM), and Stakenomics (STAKE)

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In a world that’s now being dominated by cryptocurrencies and blockchain technology, it’s easy to feel as if virtually everything is repetitive. Yes, cryptocurrencies are impressive and can be referred to as one of the biggest innovations of the 21st century. However, constant change is needed to keep the crypto space developing. So, what are the next crypto tokens to drive massive change in the crypto space after Ethereum and Bitcoin? Keep reading to find out more. 

Polygon (MATIC)

There are only a few cryptocurrency tokens with impressive use cases on the coin market. This layer-2 solution runs alongside the Ethereum network and is designed to ensure that the network is faster and can be used at extremely low transaction fees. MATIC is the native token of this platform. This token is used to pay transaction fees, staking, etc. When the Ethereum network was developed, it was used to create smart contracts that run decentralized applications. But later on, it became crowded and really expensive to use. 

Users can enjoy near-instant transactions on this platform. Polygon acts as a speedy parallel chain that will allow decentralized applications to run on the Ethereum blockchain. This cryptocurrency project can process transactions quickly because it relies on a proof-of-stake mechanism. Holders contribute MATIC to the network to secure the network. The Polygon network is quite similar to the Ethereum blockchain. To use the Polygon network, you’ll need to send some crypto coins to a compatible wallet, such as Coinbase. You’ll use MATIC to settle transaction fees. 

Cosmos (ATOM)

Cosmos is one of the most innovative crypto projects on the coin market. This blockchain is popularly known as the internet of blockchains. The development team of Cosmos is designed to create a network of crypto blockchains with open-source tools. These tools are perfect for streamlining transactions between blockchains. This blockchain network is designed to be customizable and interoperable. And that’s what sets the Cosmos blockchain from others. 

Instead of focusing on developing its network, Cosmos is concerned about creating an ecosystem of blockchains with no central party controlling activities on the network. Any new blockchain added to the Cosmos network is called a zone. These zones are tethered to a Cosmos Hub. The Cosmos Hub is run on a proof-of-stake mechanism and on a native token known as ATOM. Cosmos offers blockchain developers plenty of options because its network is broken into three layers; Application, Networking, and Consensus. 

Stakenomics (STAKE)

Stakenomics is a cryptocurrency set to redefine everything we know about blockchain and crypto tokens. There are numerous impressive things to note about Stakenomics. To start with, this cryptocurrency is hosted on the Binance Smart Chain. This blockchain is considered a considerable improvement to the congested nature of the Ethereum blockchain. The BSC supports throughput, fast transactions, and low transaction fees. With its innovative network, this blockchain can allow users to enjoy this technology’s true potential. 

At its core, Stakenomics is designed to offer the best form of support to public and private transactions. It will support seamless transactions with high security, scalability, and the ability to fulfill all our outlined goals. You’ll be thrilled to learn that Stakenomics takes its security seriously. This project is concerned about customers losing their investments. As a result, it has put reasonable measures in place to protect its funds. Stakenomics can process transactions fairly quickly because it runs on a proof-of-stake network. Users can contribute STAKE to secure the network’s transactions. What’s more? Stakenomics will regularly burn different portions of its STAKE coins to increase the demand and price of its tokens. 

Furthermore, Stakenomics will run as a DAO. This means that users can vote on development decisions on the platform. The number of votes for every user will depend on the number of coins they have staked. You can participate in the presale to get early access to these coins. 

Stakenomics (STAK)

Presale: https://register.stakenomics.io 

Website: http://stakenomics.io/ 

Telegram: https://t.me/StakenomicsOfficial 

Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today

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Since their introduction into the world’s financial market, cryptocurrencies have given the market a boost and contributed to its major growth and development. Old cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) have provided a variety of use cases by helping to solve real-world problems. Keninah Concord (KEN) is a new cryptocurrency that aims to solve even more real-world problems by leveraging blockchain technology to help war victims. This article is centered around Keninah Concord (KEN) and how it intends to contribute to crypto adoption alongside Litecoin (LTC) and Polygon (MATIC). 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 4

Keninah Concord (KEN)

Focused on putting its community first, Keninah Concord (KEN) is a platform that aims to assist war victims from around the world to gain access to help through donations by integrating and utilizing cryptocurrency, blockchain, and its underlying technology to give efficiency and help this cause.

The Keninah Concord (KEN) platform is an open-source and fully decentralized platform that intends to engage and utilize all the benefits associated with decentralized finance (DeFi) powered by its community, give donors to war victims wholesome transparency and reliability, and ensure that the war recipients get prompt delivery of donations. 

The Keninah Concord (KEN) network also intends to achieve simplicity and accessibility by making its platform user and eco-friendly by providing features such as a payment gateway, a donations wallet, and a means of verifying on-chain transactions. 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 5

Does the Keninah Concord (KEN) Platform have a Roadmap?

Contained in its whitepaper, the Keninah Concord (KEN) platform has a roadmap that is divided into two phases. The activities that will occur in each phase are as follows:

  • Phase 1:
    • Core team formation. 
    • Website launch.
    • First token event. 
  • Phase 2:
    • MVP Release.
    • Second token offering with a fully functional product.
    • Beta Version release.
    • Listing on exchanges.
    • Expansion of team.
    • Final product rollout.

More information about the Keninah Concord (KEN) roadmap can be found in its whitepaper. 

The KEN Token Supply and Distribution

The KEN token, the native utility and governance token of the Keninah Concord (KEN) platform, has uniquely structured tokenomics, token supply, and distribution that make it unique and stand out from other tokens on the crypto market today. The KEN token will be built around smart contracts and supported by the Binance Smart Chain (BSC). 

The KEN token will have a total maximum supply of 5 billion tokens which will be allocated as follows: 

  1. 5% of the total supply will be allocated to the Keninah Concord (KEN) charity wallet where it will be distributed to charitable institutions and organizations around the globe. 
  2. 5% of the total token supply will be sold during the token’s private sale. 
  3. 20% of the total supply will be offered up for sale to the public. 
  4. 10% will be given to strategic investors in the Keninah Concord (KEN) platform. 
  5. 10% will be allocated to the founders and members of the Keninah Concord (KEN) community. 
  6. 10% will be allocated to the marketing team for the advertisement and public enlightenment of the Keninah Concord (KEN) token.
  7. 10% will be given to the platform’s advisors. 
  8. 20% will be allocated to the Keninah Concord (KEN) Foundation reserve. 
  9. 10% will be allocated to the Keninah Concord (KEN) liquidity pool. 

The Keninah Concord ecosystem is also offering users who purchase the KEN token using Ethereum (ETH) or Binance Coin (BNB) on the Binance Smart Chain (BSC) an 11% or 14% bonus respectively. 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 6

Polygon (MATIC) and Litecoin (LTC)

Formerly known as Matic Network, Polygon (MATIC) is a Layer 2 easy-to-use scaling solution for scaling on the Ethereum (ETH) blockchain network and the development of blockchain-related infrastructure. The Polygon (MATIC) Network is supported by Polygon SDK. Polygon SDK is the modular, flexible core component of the Polygon (MATIC) network that supports the building and development of different types of decentralized applications (dApps) on the Polygon (MATIC) network. The Polygon (MATIC) network effectively uses its features to transform Ethereum (ETH) into a multi-chain system by leveraging Ethereum’s vibrant ecosystem, security, and openness.

Founded in 2013 by early cryptocurrency and digital asset adopter Charlie Lee, Litecoin (LTC) is an altcoin that utilizes blockchain technology to enable the operation of fast, secure, and low-cost transactions on its network. Litecoin (LTC) was developed based on Bitcoin’s (BTC) code, however, Litecoin (LTC) possesses several distinguishing features from the pioneer cryptocurrency. For instance, Litecoin (LTC) has a relatively fast block time of 2 minutes and 30 seconds, and cheap transaction fees thereby making the Litecoin (LTC) protocol suitable for the operation and regulation of micro and small-scale transactions and Point-Of-Sale (POS) payments. 

The Polygon (MATIC) Network Mechanism of Operation

The Polygon (MATIC) network is secured by a combination of the Proof-of-Stake (PoS) consensus mechanism and Plasma Framework blockchain architecture. The Plasma Frameworks mechanism was proposed by Ethereum’s (ETH) creator, Vitalik Buterin. The framework enables the relatively easy execution and running of scalable and autonomous decentralized smart contracts. 

The Polygon (MATIC) team is focused on creating new features that will be built around this hybrid Plasma-PoS mechanism to expand and boost the network’s ability to cater to diverse needs from the Polygon (MATIC) ecosystem. The team will also ensure to develop the Plasma-PoS technology so that it can lead to the growth of a larger ecosystem through its scalability. 

Due to the unique hybrid mechanism that serves as Polygon’s underlying technology,  about 65,000 transactions are performed per block of each of the Polygon (MATIC) network’s side chains. These transactions occur with a respectable and particular block confirmation time of fewer than two seconds per transaction.

The Polygon (MATIC) network is powered by its native cryptocurrency governance and utility token known as MATIC. The token is an ERC-20 standard token that is built on the Ethereum (ETH) blockchain. The MATIC token has a fixed total maximum supply of 10 billion tokens and this makes the token deflationary. The token serves various use cases but it is mainly utilized by being burned as base fees on the Polygon (MATIC) network. Of the total maximum supply of the token, 19% was sold during the token’s initial launchpad sale in 2019. The remaining MATIC tokens are allocated as follows:

  • 16% is given to the Polygon (MATIC) team,
  • 4% is allocated to the network’s advisors,
  • 12% is distributed to the Polygon Network Operations,
  • 21.86% will be utilized as the Polygon (MATIC) network’s foundation tokens,  
  •  23.33% will be allocated and utilized as ecosystem tokens. 

What is Litecoin (LTC) all about?

Litecoin (LTC) is the second purest cryptocurrency in the world behind Bitcoin (BTC). Although Bitcoin (BTC) offers numerous benefits to its users and the world’s financial market as a whole, its network is plagued by several limitations including but not limited to slow transaction speeds and expensive transaction and gas fees. Litecoin (LTC) on the other hand has fast transaction speeds and is cost-efficient as its transaction fees are very cheap and nearly negligible. 

The Litecoin (LTC) protocol allows mining on its protocol as it utilizes the same consensus mechanism as Bitcoin (BTC) called the Proof-of-Work (PoW) consensus mechanism. The algorithm of this consensus mechanism allows transactions performed on the Litecoin (LTC) protocol to be processed quickly and without errors. 

LTC, the native token of the Litecoin (LTC) protocol has a total maximum supply of 84 million coins of which 70 million are currently in circulation. Find more information here.

Polygon Support Added by OpenSea Along With Other Features

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The layer two scaling solution, Polygon, has been included in the Seaport protocol implementation by OpenSea, the largest NFT market by volume.

OpenSea stated in June that it was abandoning the Wyvern protocol in favor of Seaport, an open-source marketplace protocol that has been examined by Web3 security companies OpenZeppelin and Trail of Bits. At the time, OpenSea claimed switching to OpenSea would result in an annual fee savings of $460 million.

“Starting today, we will begin using Seaport for all new listings and offers on Polygon! We’re excited to start using Seaport across multiple blockchains to improve the experience for everyone on OpenSea.”

Polygon support added to beat high Ethereum fees

The latest change was done in an effort to lower the price of Ethereum gas, make signature confirmation operations easier to read, and get rid of the necessity that new users pay an initial setup fee.

OpenSea announced the introduction of the new support in a blog post, stating that they were “happy to do so” after studying Seaport’s effects for several months and gathering helpful feedback. “We will add support for Klaytn and other EVM-compatible chains as well,” the statement continued.

Using Seaport on Polygon, according to OpenSea, allows for the introduction of a number of additional features, such as no listing thresholds, collection and attribute offer multiple creator rewards, and bulk transfers.

The capability to list and purchase on OpenSea using the Polygon network’s native token, MATIC, maybe the most significant new feature.

“As part of the shift to Seaport, OpenSea now supports using MATIC, Polygon’s native token, as a payment option. Anyone transacting on Polygon using OpenSea will now be required to pay for their own gas fees for transacting using MATIC.”

Other features include English and Dutch auctions, purchasing for another wallet, and native token support. etc.

Here’s How Ethereum’s PoS Will Be A Gamechanger For Polygon

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Ethereum’s transition to proof of stake (PoS) scheduled for mid-September has already been hailed as a significant milestone in the crypto-verse for a more open, decentralized, and equitable web. The crypto community has been closely watching all the necessary updates regarding the merge.

Not to fall behind is its Layer-2 solution scaling solution Polygon [MATIC], a sidechain” that runs alongside the Ethereum providing for speedy transactions and low fees. The team behind the layer 2 protocol has published a blog explaining what the upcoming merge meant for Polygon.

According to the post, the merge would transform the network to be more environmentally friendly. “But it will not lower Eth’s gas fees or increase its speed. In fact, the network depends on Polygon and other Layer 2 solutions to solve this”, it claimed.

Most importantly, the merge would reduce the massive carbon footprint of Ethereum, ramp up the network’s security, and reduce ETH inflation.

The team wrote that it stands to benefit from Eth’s improved security and overall growth in the ecosystem–just like Ethereum gains from the Polygon companies’ suite of scaling solutions, like the recently announced Polygon zkEVM. 

“So proof of stake changes the narrative: ETH is now like Polygon, a significantly more environmentally-friendly network”, the blog read.

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Here's How Ethereum's PoS Will Be A Gamechanger For Polygon 8

In addition to that, the switch to PoS is also aimed at cutting down the network’s energy consumption by nearly 99.95%.

Ethereum becomes future-proof, just like Polygon, in a global moment when cutting back CO2 matters more than ever before. The merge lines up with our Green Manifesto, and our commitment to becoming a carbon-negative chain by the end of 2022.

“Ethereum Merge Will Make Web3 A Reality”

Polygon team also pondered on the future roadmap of Ethereum and its vision of becoming a settlement layer for Layer 2 solutions. As per the blog, any growth in the settlement layer is a win-win situation for Polygon, and “ease of use would help make Web3 a reality”.

Terming the future of Polygon and Ethereum as symbiotic, the post then took note of Polygon’s recent zkEVM breakthrough, which it claims will process transactions at “dramatically reduced costs and increased speeds–necessary to onboard a billion users to the Eth ecosystem.”

Can Polygon, Cardano, and MetaCryp Help Restore Faith in the Crypto Market

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In this current climate on the market, investors and experienced crypto buyers are relying more on altcoins. Altcoins are always useful in your crypto wallet when the market is experiencing bearish runs. 

Three altcoins you should consider researching are Polygon (MATIC), Cardano (ADA), and MetaCryp (MTCR), which we will talk about in some depth in this article.   

 

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Can Polygon, Cardano, and MetaCryp Help Restore Faith in the Crypto Market 12

Polygon (MATIC)

A Layer 2 scaling solution called Polygon seeks to accelerate transactions on blockchain networks, particularly Ethereum while lowering costs and complexity. Polygon aims to provide developers with the choices and resources they require to quickly and effectively sell the most alluring products. Additionally, Polygon makes it simple for developers to establish various scaling options that may be used with Ethereum.

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Can Polygon, Cardano, and MetaCryp Help Restore Faith in the Crypto Market 13

The foundation of Polygon is Ethereum, a platform that hosts a variety of decentralised applications, virtual worlds, games, works of art, and financial services. However, there are significant scaling constraints with Ethereum.

To be clear, scaling solutions like sidechains and rollups effectively function as ways to free up space on the main blockchain to lessen congestion, which improves throughput, lowers fees, and speeds up transaction times.

Cardano, (ADA) – The Profitable Crypto

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Can Polygon, Cardano, and MetaCryp Help Restore Faith in the Crypto Market 14

Cardano (ADA) is a third-generation blockchain. In essence, it builds on all the knowledge gained from studying existing coins to produce a layered distributed computing platform that prioritises security and technical rigour.

Cardano undertakes a slow and deliberate process of formalising a “science” for distributed systems design. Reassessing everything done in the industry over the last ten years is how this is accomplished.

A strong body of meticulous, academically peer-reviewed work is the foundation for Cardano’s research-driven methodology. This establishes exceptionally high standards in distributed systems engineering and crypto-economic theory. 

MetaCryp’s (MTCR) Key Features

If you are looking for escapism and want a nice break from the stresses of life, the MetaCryp Token could be the perfect crypto for you. The MetaCryp network is creating a metaverse that incorporates the trading, buying, and selling of NFTs. 

No confidential data is needed or retained to utilise MetaCryp Network. The platform allows users to link their wallets, and they can share their public wallet keys for authentication. The MetaCryp Network charges incredibly little. Payments are made peer to peer using cryptocurrency wallets. Therefore there are no wallet fees. Because of its native platform wallet, which enables users to rapidly move money to their public wallets, the MetaCryp Network has a quick settlement time.

In the Metaverse of the MetaCryp Network, people can disengage from their everyday lives, have fun, design the life they’ve always wanted, interact with others, and even make money. The boundary between actual and virtual worlds is being erased by the MetaCryp Metaverse, creating the haven everyone seeks.

MetaCryp Network increases the overall experience’s interest, enjoyment, and pleasure by allowing users to affect gameplay. The MetaCryp Network places a higher priority on user experiences than potential financial gain. Even though many users will realise significant returns on their investments and purchases, many will play for fun and to socialise.

For more Information on MetaCryp (MTCR), click the links below.

Presale: http://presale.metacryptoken.io/ 

Website: http://metacryptoken.io/ 

Telegram: https://t.me/MetaCrypOfficial 

Developers Of A Polygon-Based DeFi Project Blur Finance Flee With $600K

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A Polygon-based Yield Aggregator Blur Finance’s developers allegedly disappeared with $600,000 worth of funds from its Polygon and BNB Chain contracts.

Shedding more light, Security firm PeckShield tweeted on August 10 that the rug-pulled protocol’s stolen amount was withdrawn within minutes and its social media channel had been deleted. Moreover, its native token BLR has lost nearly its entire value.

The link to the protocol’s Discord channel displayed an “invite invalid” message, and its website returned an invalid certificate.

According to online sleuths, Blur Finance launched on BNB Chain and had over 754 holders. On July 7, a contract was created for integration between Blur and Polygon, projecting annualized yields of some 4,000%. 

Last week, the price of the BLR token reached its all-time high at 6 cents. Following the rug pull, it plummeted 99% and at press time is exchanging hands at $.00064.

The move is a classic example of a scam executed by developers who first launch decentralized finance [DeFi] applications and utilize social media marketing tools to attract people before issuing a token and listing it on a decentralized exchange [DEX].

After investors have bought the tokens in the hopes of a positive return, the developers shut up shop and vanish.

Another Polygon-Based Web3 Gaming App Rug Pulled

A few days back, a newly launched decentralized gaming project on Polygon, Dragoma was too abandoned. PeckShield flagged an alleged rug pull of over $1 million by Dragoma developers. $420,000 USDT and 880,000 MATIC tokens were reportedly found missing from the polygon contract.

As reported by TronWeekly, on July 25, Teddy Doge developers made off with $4.5 million in a soft rug pull. In accordance with the report, 30 billion TEDDY tokens were swapped for BNB and BUSD and then cashed out through the Binance exchange.

In soft rug pull scams, the developers conduct legitimate work on a blockchain and then drain the liquidity pools from the project, essentially “pulling the rug” from the investors and causing a sharp fall in related tokens.

In both cases, the project developers would aggressively market their product and offer high return promises. Investors who fall for it suffer unexpected losses.

Polygon partners with Neowiz to launch Web3 Game platform

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The Polygon team announced their partnership with Neowiz Corporation, a major player in internet publishing and video game production located in South Korea, on Tuesday. Through the cooperation, the two platforms plan to introduce a blockchain-based gaming platform that will first introduce some of Neowiz’s well-known gaming IPs to Web3.

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Source: Polygon Blog Post

In a recent blog post, Polygon made the following said,

“We’re delighted to reveal that Polygon is teaming up with the massively popular Neowiz Corporation … Together, we will launch a brand new Web3 gaming platform, dubbed Intella X”

Two social casino games and a number of Neowiz fan favorites will be available when the Intella X is first released. In terms of upcoming releases, Polygon disclosed,

“Multiple new blockchain games from the popular IP are also anticipated to launch in 2023, alongside a new PFP NFT project…”

Polygon begins to reign Web3 gaming space

Due to Intella’s use of the “Develop and Earn” concept, the gaming platform is set up to return a portion of every revenue made to ecosystem contributors. Users can participate in many different ways and receive rewards in return. They can start out by either staking or offering liquidity in the exclusive DEX and earning yields from Intella X’s native IX Token.

It is important to note that the firm will also develop its own wallet, called “IX Wallet,” at this point. The wallet, which is built on top of Polygon’s network, may communicate with any other DeFi applications while also being designed for game services.

Additionally, users can acquire IX by participating in specific games and exchanging any special game tokens made available for IX via the exchange. The blog stated that IX Token will be used as payment for projects that develop and released on Intella X.

The enthusiasm surrounding gaming has partially subsided over the previous few months. However, since the start of June, things have begun to get better.

Examining how quickly users have been completing transactions focused on gaming NFT is one method to gauge how robust the space is still. Transactions in the aforementioned genre have recently begun to rise, suggesting that players have started returning to the field.

Working with game publishers and developers such as Atari, Ubisoft, Animoca, Wildcard, and Tilting Point has given Polygon time to establish itself and take the lead in the Web3 gaming market. The most recent cooperation is probably going to solidify and advance Polygon’s position in this market now that the gaming craze has been reignited.