The Wolf Den Integrates With Polygon To Amplify Collaborations and Enhance Metaverse Experience.

The Wolf Den Integrates With Polygon To Amplify Collaborations and Enhance Metaverse Experience.

About The Wolf Den Labs

The Wolf Den by Gray Wolf Labs and Polygon Labs have teamed up to integrate Gray Wolf projects, including their upcoming metaverse experience, with Polygon. This collaboration allows the The Wolf Pup Collection by The Wolf Den and the projects published by and partnered with Gray Wolf Labs to utilize their superior technology and collaborate with the tens of thousands of dApps in the Polygon ecosystem.

Gray Wolf Labs is following the Guard FDN to Polygon as they are all heavily focused on “bridging the gap” – making web3 more accessible and safer to the masses. We believe this collaboration will bring in a tremendous amount of new participants to the Gray Wolf world, the Guard FDN, its partners, Polygon and Web3.

The Wolf Den, the first project published by Gray Wolf Labs said “Polygon has been by far the most accessible of the networks we were considering for expansion. The people at Polygon Labs have been responsive, open to collaboration and making connections to grow our projects.

The Polygon protocol is also the most useful for what we are trying to accomplish with our target market. We’re glad to have Guard integrated so we can build our Wolf Den World in that environment.

We are in the process of moving many of our partners over with us. The integration with Polygon and exceptional support by Polygon Labs will allow us to publish more guard-powered projects at a greater scale”

Long term, Gray Wolf Labs expects to bring droves of new users and hundreds of Guard powered projects to Polygon.

About Polygon Labs:

Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3.

Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols.

Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding unique addresses exceeding 211 million, over 1.12 million smart contracts created and 2.36 billion total transactions processed since inception.

The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for dApps you develop, get started here.

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The expanding Polygon market competes with Ethereum

The expanding Polygon market competes with Ethereum

Maximalists in the Polygon [MATIC] community have been having a nice time as a result of the recent occurrence of a variety of new advancements on the network. Lark Davis, a reporter with cryptocurrency news outlet Crypto reporter, revealed that MATIC had reached two billion transactions in its existence.

This is very important news for Polygon, which has been one of the scaling solutions for Ethereum [ETH] that has performed very well. However, this is not the end of the story since transactions based on polygons are quickly catching up to and even passing Ethereum.

Definition of Polygon

Polygon is a scaling solution that operates beside the Ethereum blockchain and is referred to as a “layer two” or “sidechain.” It enables transactions to be completed quickly and at a cheap cost. The native cryptocurrency of the network is called MATIC, and it is utilized for a variety of purposes including fees, staking, and more. Exchanges like Coinbase allow for the purchase and sale of MATIC.

What is meant by MATIC?

Polygon has its cryptocurrency known as MATIC, which is used for staking on the Polygon network, paying fees on the Polygon network, and for governance purposes (which means that MATIC holders get to vote on changes to Polygon). In addition, Coinbase and other exchanges make purchasing and selling MATIC possible.

During an early phase of Polygon’s development, the company was known by the moniker MATIC. After first debuting as Matic Network in October 2017, the creators changed the name of the platform to Polygon in the early part of 2021.

Polygon vs Ethereum: Who is doing better in the market?

Despite this, Polygon’s performance throughout this quarter has been better than Ethereum’s. According to Polygon Daily, the scaling solution completed around twice as many transactions on average as Ethereum did during this quarter.

In addition, the network reportedly achieved a new benchmark for Polygon-based NFTs, as stated by the Twitter feed for Polygon news known as Polygon Daily. According to this tweet, the monthly sales volume of NFTs on Polygon achieved an all-time high of $100 million in August.

Since February 2022, when the company had its last greatest performance, this is the first time Polygon has been able to break beyond the $50 million resistance barrier. OpenSea, the biggest NFT exchange, has just made it possible for users to list native tokens on Polygon and buy them using those tokens.

Where does the market stand now?

Having said that, Polygon released a statement on September 5 stating that they have welcomed Senken to their team. Senken is a marketplace for tokenized carbon credits that operates on the blockchain and enables users to purchase, sell, and retire tokenized carbon credits. These are produced via on-chain carbon infrastructure and services built using Polygon’s platform.

Where does MATIC intend to go?

After falling from its peak of $1 in August, MATIC was trading at $0.89 at the time of this publication. According to CoinMarketCap, the governance token used by Polygon saw gains of over 2% in the previous day, adding to the 5.2% increase it had had in the previous week. This puts Polygon in an excellent position to gain from the Merge since the increased scalability that Ethereum will experience as a result of the Merge will also be favorable to Polygon. Polygon’s expansion, on the other hand, faces significant challenges from the development of L2 scaling solutions like Arbitrum and Optimism. There is a lot of speculation going around that these two procedures will be in the driver’s seat when the L2 season rolls around again.

Polygon projected 6.5% within one day As MATIC Investors See Bullish Momentum!

Polygon projected 6.5% within one day As MATIC Investors See Bullish Momentum!

Polygon is a well known cryptocurrency, with the symbol MATIC. It is also a technology platform that empowers blockchain organizations to interface and scale. Polygon was first introduced in the name Matic Netwrok in 2017.

The entire network of Polygon works utilizing the Ethereum blockchain and interfaces Ethereum-based projects. Utilizing the Polygon platform can build the adaptability, versatility, and power of a blockchain project while as yet bearing the cost of the security, interoperability, and underlying advantages of the Ethereum blockchain.

MATIC is an ERC-20 token, implying that it’s viable with other Ethereum-based crypto currencies. MATIC is utilized to administer and secure the Polygon network and to pay network exchange charges.

The recent bullish rally in Polygon(MATIC):

Polygon (MATIC) is right now having its very own rally as it recuperated from its lowest range of $0.721 which was recorded last September 22. According to the data shown at CoinGecko, the crypto is exchanging at $0.837 and has been up by 13.1% throughout the previous seven days. Among the main 20 crypto currencies in view of market capitalization that incorporates Bitcoin, Ethereum, XRP and Cardano, MATIC is seen as the only coin to enlist double-digit price increment for the past week. As per the expert’s opinions, this bullish move demonstrates that the coin buyers are back in the market, applying colossal purchasing pressure making the asset move higher for the past days.

After the so called “September effect” on all the coins, the month of October this year is beginning to take care of the crypto currencies. The coins are all set to recover and bounce back at various levels. One of the biggest crypto “Bitcoin”, for instance, is at the price of $20,237 while Ethereum is at $1,354. This clearly shows that October is going to be better than the previous month for the entire crypto community.

While the recovery of the crypto kings contributes for Polygon’s bullish movement, there are some other different reasons that fuel this run. A quick look at MATIC’s MVRV, which presently stands at 1.924%. This indicates that financial investors are actually placing their trust in this bullish run for acquiring benefit in this month of October.

So, if you are one of those who are looking forward to buy this coin then it’s the high time to invest in it. However, we suggest you all to do your own research and then decide what’s best for you.

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