Looking back on the year with Polygon: Increase in transactions, new collaborations, and more

1 year ago

Despite the troubles that came with 2022 for the crypto space, Polygon enjoyed dependable maturation successful galore sectors, with grounds numbers of transactions and caller collaborations.

THE YEAR OF…
📢 Announcements
🛠 Building
🌐 Developers
🤝🏿 Community
🚀 DeFi

WHEN BUILDING DELIVERS.
2022 #onPolygon pic.twitter.com/c42hm3u081

— Polygon – MATIC 💜 (@0xPolygon) December 20, 2022

As reported, Polygon facilitated implicit 960 cardinal transactions and deployed 778,000 astute contracts with 234,000 declaration creators.

As of December 26, determination are implicit 202 cardinal unsocial addresses connected the blockchain. Polygon besides claimed to destruct astir 600,000 tonnes of Carbon. In summation to these accomplishments, galore transformative innovations person been launched connected the blockchain arsenic adoption continues to grow.

Below is simply a item of notable developments for the Polygon ecosystem successful 2022.

Disney Accelerator Program 2022

In July, Polygon was selected arsenic 1 of the six firms to enactment successful the Disney Accelerator Program 2022 and the lone blockchain-oriented steadfast selected for the program.

The Disney accelerator programme is simply a concern and development-oriented inaugural established to heighten the maturation of innovative businesses globally with technologies wrong augmented world (AR), non-fungible tokens (NFT), and artificial quality (AI).

Reddit NFTs surge with Polygon

Despite immoderate Reddit users being anti-crypto, the Reddit NFTs were among the large announcements this year. In October, Reddit released “Collectible Avatars” based connected its Snoo mascot.

Over 3 million wallets had been created connected Polygon to person the NFTs successful a fewer months, according to a Reddit executive. Furthermore, much than 5 cardinal colored avatars person been created with implicit 4.3 cardinal unsocial wallets.

Polygon and Meta

In November, Meta launched a toolkit for Instagram users to mint and merchantability NFTs based connected the Polygon blockchain. Worth noting that Polygon emerged arsenic the archetypal spouse of Meta for the caller feature.

As revealed, contented creators connected Instagram volition beryllium capable to plan and merchantability their integer collectibles connected and disconnected Instagram.

Dive into blockchain games done Magic Eden

Another dive into the NFT abstraction saw Polygon emerge arsenic the 3rd supported concatenation connected the fashionable NFT marketplace Magic Eden.

Through the integration, Magic Eden volition besides enactment crippled developers and contented creators successful the Polygon ecosystem.

Collaboration with Phantom

Non-custodial wallet Phantom added browser, Android, and iOS enactment for Polygon past November.

Phantom joined the league of galore projects successful the manufacture that are pushing towards a multichain future. The integration provided users with a simplified, safe, and seamless mode of utilizing NFTs and decentralized applications.

NIKE’s travel into the Virtual assets assemblage with Polygon

Nike launched the integer plus platform, Swoosh, with the assistance of Polygon, to further found its beingness successful the Web3 abstraction connected Nov. 14.

In the announcement, Nike established that virtual apparels from Swoosh are usable for RTFKT avatars. RTFKT is different well-known developer squad successful the Web3 abstraction Nike acquired successful 2021.

Starbucks Loyalty Program

In different development, the Popular Coffee outlet Starbucks done Polygon launched its loyalty reward level successful December.

Notably, the java concatenation elephantine provided ways of earning loyalty rewards for customers arsenic they participated successful an interactive engagement known arsenic a “Journey.” The Journey arsenic an interactive league aims to task the firm’s marque and amended customers astir Starbucks and Coffee history.

The rewards are integer collectible stamps successful the signifier of non-fungible tokens (NFTs).

Collaboration with Flipkart

In December, Polygon extended its scope to the e-Commerce abstraction successful India done Flipkart. The 2 firms partnered to physique a blockchain e-Commerce halfway of excellence.

Polygon reports that the Centre volition absorption connected e-commerce probe and improvement successful Web3 and the metaverse, exploring the aboriginal of buying and being online.

Other Landmark Developments

Lastly, projects similar Robinhood, Wild Card, Midnight Society, and One Planet Lending Solution each enjoyed the publication of Polygon to their respective projects.

Moreover, Polygon is besides processing its 3 zero-knowledge impervious (zk) scaling programs to enactment its increasing mainstream adoption ambitions. Using specified solutions, transactions are rolled up connected a abstracted concatenation and past committed to Ethereum, enabling overmuch higher transaction speeds.

The Polygon zkEVM was revealed past July, and its testnet was launched successful October, with the squad claiming it was the archetypal zkEVM with a nationalist testnet that produced ZK proofs.

The station Looking backmost connected the twelvemonth with Polygon: Increase successful transactions, caller collaborations, and more appeared archetypal connected CryptoSlate.

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