In June, Polygon unveiled version 2.0, promising major updates to the architecture, governance, and tokenomics of the protocol. 

This network of zero-knowledge Layer-2 blockchains was, the protocol said, designed to become the ‘value layer of the internet’. 

Here, we take a deep dive into Polygon 2.0. 

## The future of Polygon 

Version 2.0 is a major milestone, bringing enhancements to governance, tokenomics, and architecture. 

It is intended to democratise worldwide economic access by boosting DeFi (decentralised finance), innovative coordination mechanisms, and digital ownership. 

At its core, the vision is to enable unified liquidity and unlimited scalability by integrating zero-knowledge tech. The scaling challenges of Web3 mean that adding new chains not only fragments liquidity, but also offers a poor UX. Polygon 2.0 uses Layer-2 chains powered by zk and a cross-chain coordination protocol to create a unified network. This network, it is claimed, offers scalability that is almost without bounds and cross-chain interactions that are seamless. 

## Polygon zkEVM 

A part of the 2.0 upgrade is the transition of the Polygon PoS (Proof of Stake) blockchain to a [zkEVM](https://polygon.technology/polygon-zkevm) validium. 

This brings better performance and security, as well as enhanced compatibility with the version 2.0 ecosystem. 

It works by making transaction data available offline, bringing lower fees without compromising on security. 

The Polygon Improvement Proposals (PIP) framework was discussed over the summer, with a view to publishing the plans during the autumn. Subject to consensus, implementation and testing is scheduled for the winter, with mainnet activation in early 2024. 

## What does 2.0 look like? 

Polygon 2.0 is arranged into four protocol layers, and this architecture is crucial. 

The staking layer, implemented on Ethereum via the Validator Manager and the Chain Manager contracts, uses Polygon's native token to provide staking services to participating chains. 

The interop layer allows cross-chain messaging, enabling secure shared access to native Ethereum assets and near-instant cross-chain transactions. 

The execution layer handles transaction sequencing and block production, while the proving layer generates and verifies proofs across the Polygon chains using a zk proving protocol. 

## New token 

As part of this upgrade, a new native token has been proposed by [Polygon Labs](https://polygon.technology/): POL. It will be a 1:1 upgrade of [MATIC](/news/article/what-is-matic-all-about), inheriting the current token’s 10 billion supply when it first goes live. 

Holders of POL will be able to act as validators on multiple Polygon chains, including services like accepting user transactions and determining their validity, producing zk validity proofs for transactions, and providing data availability guarantees. 

This new economic approach removes the 10 billion supply cap on the protocol's native token. POL brings a move to an inflationary model to fund the treasury and incentivise validators. 

## Governing the protocol 

Version 2.0 brings a new governance framework split into Community Treasury Governance, System Smart Contract Governance, and Protocol Governance. The aim is to have governance mechanisms that are efficient and scalable. 

The Community Treasury Governance creates a self-sustainable ecosystem fund that will support ecosystem projects. There are two phases to the governance process, beginning with an independent board but then moving to decision making by the community. 

The System Smart Contracts Governance will look after protocol component upgrades implemented as smart contracts. Responsibility will lie with the community-governed Ecosystem Council. 

Finally, the Protocol Governance is a platform for proposing Polygon protocol upgrades facilitated by the PIP framework. 

## Polygon Development 

There has been strong commitment to, and activity with, the developer community. At the end of last year, partnerships and events sought to strengthen relationships with developers. In the opening months of 2023, Polygon Lab’s global developer tour, DevX Global, kicked off. 

The Hackathon tour continued this year, visiting Asian cities, including Hong Kong and Tokyo. This was an opportunity for developers to compete for a share of $125,000. The tour moved to Europe over the summer, with stops in London, Lisbon, Paris, Zagreb, Amsterdam, and Berlin. 

Q2 of 2023 also saw a partnership with [Google Cloud](/news/article/near-protocol-partner-with-google-cloud) announced. This gave startups in their early stages within the Polygon ecosystem access to resources and benefits. The quarter was also marked by the launch of the developer-support AI-powered tool Polygon Copilot. 

A focus on helping developers and the deployment of new tools and partnerships certainly seems to have brought results. During the second quarter of 2023, there was a huge spike in deployed contracts. 

Independent research showed Polygon had more than 200 full-time developers (837 in total), ranking it in the top six for developer activity during the first six months of this year. 

## Conclusion 

Version 2.0 could bring significant enhancements in protocol architecture, tokenomics, and governance, marking a pivotal step in the network's evolution. 

Polygon's developer and user bases are among the most expansive in crypto, and it remains committed to pushing the boundaries. As competition intensifies, the successful rollout of Polygon 2.0 and continued adoption of the Polygon zkEVM will become increasingly critical in the coming quarters. 

Polygon 2.0: A Deep Dive 

[Polygon Matic ](https://polygon.technology/)is a set of protocols specifically designed to address the scalability challenges faced by the Ethereum network. 

With the Ethereum-compatible blockchain, Polygon network transactions are processed independently. This approach effectively reduces the network load on Ethereum, resulting in accelerated transaction speeds and significantly lower transaction costs, sometimes even less than a cent. 

Formerly known as the Matic network, Polygon is a user-friendly framework that enables new and existing blockchain projects to operate on the Ethereum platform without encountering scalability issues. Users can seamlessly interact with decentralised applications (DApps) through Polygon without concern about network congestion. 

## How does it function? 

Polygon, the scaling solution, can handle up to 65,000 transactions per second at comparatively lower costs to users, a substantial improvement compared to Ethereum's limit of roughly 17 transactions per second. Polygon processes transactions independently from the Ethereum main chain by utilising side chains. 

Ethereum transactions come with an average fee of around $15, while Polygon can process transactions for just a few pennies. This substantial difference in fees makes Polygon an attractive option for users seeking cost-effective solutions. 

Polygon's diverse suite of protocols includes the zero-knowledge (zk) proof variety. Zero-knowledge proofs are cryptographic primitives used to verify the validity of a statement without revealing any additional information. This flexibility empowers users to select the most suitable scaling option from a range of choices provided by Polygon Matic. 

Several integration options available on Polygon are particularly popular among project teams. These include plasma sidechains, a Proof-of-Stake (PoS) blockchain bridge, zk rollups, and optimistic rollups. Initially, Polygon started with plasma sidechains, lighter and more secure sidechains running parallel to the Ethereum main chain. These sidechains facilitate secure asset transfers between themselves and the main Ethereum blockchain. 

Polygon introduced a blockchain bridge to its product lineup to meet the increasing demand from developers. This bridge operates on a PoS mechanism, enabling developers to create DApps on one platform without sacrificing the benefits provided by other platforms. 

Polygon Matic reduces the burden on Ethereum's main chain by processing batches of transactions on its own Proof-of-Stake blockchain. This approach makes Ethereum faster and more lightweight by offloading transaction processing to Polygon. 

zk rollups tackle scalability by processing bundles of transactions off-chain and generating validity proofs. These proofs are then sent to the main Ethereum blockchain as proxies for the respective data bundles. This strategy reduces the data load on the main chain, leading to faster validation of transaction blocks and lower gas fees. 

Optimistic rollups employ a different proof system known as fraud-proof. If a fraudulent transaction is identified, a fraud-proof protocol is activated, ensuring that the correct transaction is determined based on the data available on the main blockchain. Stakeholders who update transactional data on the system must stake ETH, which acts as a deterrent for submitting fraudulent transactions through optimistic rollups. 

## Polygon token (MATIC) 

The [MATIC](/news/article/polygon-announce-hard-fork) token serves as the foundational asset within the Polygon system. It plays a dual role in facilitating transaction payments and safeguarding the integrity of the Polygon Matic network by storing tokens. Following its rebrand, the MATIC token has experienced a significant surge in value due to a substantial increase in its utilisation. 

With a supply of 10 billion tokens, the MATIC token currently has a circulating supply of approximately 5 billion. This token can be easily accessed and traded on prominent, decentralised and centralised exchanges, including popular platforms such as Binance, 1inch Exchange, and Coinbase Pro. 

According to CoinGecko, the current market capitalisation of the token stands at an impressive $5,866,490,572 at the time of writing. As for its value, the token is currently valued at approximately $0.63. 

## MATIC token use case 

$MATIC serves a crucial role in enhancing the security of the system and establishing a robust governance system on the platform. This governance system empowers token holders to participate in decision-making processes regarding implementing new features. 

By leveraging this system, token holders can exercise their voting rights to determine the direction and future of the platform. 

The token also enables users to make payments through crypto using DApps and pay transaction fees on the network. 

## Bottom line 

Polygon [Matic](/news/article/what-is-matic-all-about), the layer 2 blockchain, is a scaling solution aiming to improve the speed and lower the additional high transactional fees charged on the Ethereum blockchain. It has recently forged numerous partnerships to expand its user base, collaborating with renowned entities such as DraftKings, Starbucks, Adobe, Adidas, Prada, Disney, Meta, Stripe, and Reddit. 

Through these strategic partnerships, the network aims to broaden its user base and foster the adoption of NFTs across various industries, showcasing the versatility and potential of blockchain technology. 

A comprehensive guide to Polygon Matic network 

## What is MATIC and How is it Empowering Scalable and Efficient Blockchain Solutions? 

In the ever-evolving landscape of blockchain technology, what is a persistent challenge? Scalability. While cryptocurrencies like Bitcoin and Ethereum have gained widespread adoption, their limited transaction processing capabilities have hindered their potential for mass scalability. However, the emergence of layer 2 scaling solutions has opened new avenues for blockchain scalability, and one such solution is MATIC. 

## What is MATIC? 

To best understand the potential benefits, we must start by asking, 'what is MATIC?'. 

[MATIC, or Polygon](/news/article/polygon-matic-news), is a cryptocurrency and technology platform launched to connect and grow Ethereum-compatible projects and blockchains. 

Polygon intends to improve Ethereum as a blockchain development network. The Polygon platform connects Ethereum-based projects and operates on the Ethereum blockchain. 

Using the Polygon platform can increase a blockchain project's flexibility, scalability, and sovereignty while still delivering the structural benefits, security, and [interoperability of the Ethereum blockchain](/news/article/polygon-matic-news). MATIC is an ERC-20 token interchangeable with other Ethereum-based digital currencies. 

## How Polygon works to achieve scalability and efficiency 

### Sidechains and Commit Chains: 

Sidechains operate independently from the Ethereum mainnet. These are connections from sidechains to Ethereum through a network of validators that secure the network and validate transactions. Validators stake their MATIC tokens as collateral to participate in the consensus mechanism. 

Transactions and smart contracts are executed on these sidechains, allowing parallel processing and reducing congestion on the Ethereum mainnet. Each sidechain maintains its own set of validators and can have different consensus mechanisms, such as Proof of Stake (PoS). 

The commitment of sidechain transactions to the Ethereum mainnet is achievable through periodic checkpoints, also known as commit chains. 

These checkpoints summarize the sidechain's transactions, ensuring their security and finality by anchoring them to the Ethereum mainnet. 

### PoS Mechanism: 

Polygon utilizes a PoS consensus mechanism known as the MATIC PoS Chain. By staking MATIC, validators have a financial incentive to act honestly and maintain the network's integrity. 

### Plasma Framework: 

Plasma enables sidechains to process many transactions off-chain and only submit the summarized results to the Ethereum mainnet. This reduces the computational burden on the mainnet, improves transaction throughput, and mitigates the impact of congestion. 

### Interoperability and Ethereum Compatibility: 

Polygon is fully compatible with Ethereum's virtual machine (EVM) and supports most Ethereum-based smart contracts. This compatibility allows developers to seamlessly migrate their Ethereum applications to the Polygon network. 

## Adoption and ecosystem growth 

MATIC has witnessed remarkable adoption across various sectors, reflecting its potential to empower scalable and efficient blockchain solutions. 
[DeFi platforms ](https://learn.bybit.com/altcoins/what-is-matic-coin-polygon/)have been quick to embrace MATIC's scalability and cost-effectiveness. Projects such as Aave, SushiSwap, and Curve Finance have integrated with MATIC to offer users faster transaction confirmations and lower fees. These integrations enhance the DeFi ecosystem, attracting users and fostering innovation in the space. 

To foster the growth of its ecosystem, MATIC provides comprehensive developer tooling and infrastructure. The MATIC Development Kit (MDK) offers a range of tools, including software development kits (SDKs), APIs, and documentation, simplifying the development and deployment of applications on the MATIC network. 

## What is MATIC good for? 

- Scalability: The primary advantage of MATIC is its ability to significantly enhance the Ethereum network's scalability. 

- Reduced Transaction Fees: By moving transactions to sidechains, MATIC minimizes the reliance on gas fees, becoming an attractive option for developers and users. 

- Interoperability: This interoperability allows developers to seamlessly port their existing Ethereum DApps to the MATIC network. 

- Ecosystem Growth: MATIC actively supports the growth of its ecosystem by providing comprehensive developer tooling and infrastructure. 

Security: MATIC ensures that sidechain transactions are ultimately validated and secured by the Ethereum network, leveraging the robustness of Ethereum's consensus mechanism. ## Conclusion 

What is MATIC (Polygon)? With its unique architecture, MATIC enables fast, low-cost transactions, making blockchain technology more accessible and scalable. Its compatibility with Ethereum's virtual machine and ecosystem support has contributed to its growing adoption in DeFi, NFTs, gaming, and enterprise solutions. 

By providing an efficient and developer-friendly platform, MATIC appears well placed to take a crucial role in shaping the future of blockchain technology, fueling innovation, and unlocking new possibilities across various industries. 


Polygon MATIC logo on blue iamge of abstract tech polygon pattern

What is MATIC All About? 

Founded in 2017, [Polygon](https://polygon.technology/) (previously known as Matic Network) is a cryptocurrency and Web3 platform designed to facilitate Ethereum use cases. Even though Ethereum was hot back then because it was newer, faster, and stronger than Bitcoin, Polygon still became necessary. Let us understand why as we discuss how Polygon (Matic) news took over the blockchain industry. 

## What is Polygon? 

The [Polygon](/news/article/uquid-web3-integrates-with-polygon) technology essentially is a layer-two blockchain built on top of[ Ethereum](https://ethereum.org/en/)’s layer-one nature. Why was that necessary? As Ethereum became more widely used, users and enthusiasts understood that the platform had started to succumb to the "blockchain trilemma". 

The blockchain trilemma relates to the trade-off between;
1. The potential for decentralization
2. Security
3. Scalability

This is important to understand because we already know that Ethereum became a hot pick. After all, it offered better scalability, better security, and better scope of decentralization than Bitcoin. 

However, sometime between 2016 and 2017, Ethereum understood that it would soon face a challenger if it did not pick one (or max two) areas to specialize in. 

Ethereum committed to better security and better decentralization owing to its founding principles. However, at the same time, Ethereum wanted to find a way to work on scalability, but with a new philosophy, i.e., a second layer. This was when Polygon technology was founded. 

## Recent Polygon MATIC news from around the world 

In recent Polygon MATIC news, the number of whale transactions on the Polygon network increased by more than 200% in April, with several large transfers of MATIC tokens. This surge in activity is noteworthy, as it represents the largest token shift by whales on the network so far this year. 

Could this Polygon MATIC news signal a shift in the grand scheme of things? 

Experts suggest that several factors may have contributed to this increase in whale activity on the Polygon network. For one, Polygon has made significant improvements to its network, including implementing a new consensus algorithm and introducing new tools to help developers build on the network. Additionally, the MATIC token has been gaining popularity among investors, which may be driving up demand for Polygon, hence the news. 

While the implications of this surge in whale activity on the Polygon network are not yet clear, it is an interesting development to watch. 

As always, we will continue to monitor the latest Polygon MATIC news and all trends in blockchain technology and cryptocurrency and share our insights with you. 

## Ethereum's PoS move 

In recent Polygon MATIC news, an article on [BeInCrypto](https://beincrypto.com/polygon-matic-future-ethereum-transition-pos/) suggested that Polygon may be the future of Ethereum as it transitions to a Proof-of-Stake (PoS) consensus algorithm. 

As of now, Polygon has several advantages over Ethereum, including faster transaction times, lower gas fees, and improved scalability. These factors make Polygon an attractive option for developers and users looking for a more efficient and cost-effective alternative to Ethereum. 

Polygon has been making significant strides in terms of adoption and partnerships. For example, several major Decentralized Finance (DeFi) projects have recently migrated to the Polygon network, a sign of growing confidence in its capabilities. Additionally, Polygon has formed partnerships with major players in the blockchain space, such as [Chainlink](https://chain.link/) and [Aave](https://aave.com/). 

As Ethereum prepares to transition to a PoS consensus algorithm, Polygon may become an even more important player in the blockchain ecosystem. Its ability to provide a scalable and cost-effective solution for decentralized applications (DApps) could make it a valuable complement to Ethereum, rather than a direct competitor. 

## Enter the Polygon 

Riding on the back of a strongly integrated community and governing philosophy of "super interoperability", Polygon entered the market for blockchains. Regarded as the "Ethereum's Internet of Blockchains", Polygon vowed to make Ethereum's hefty and clunky operations easier. 

Now that we know that Polygon technology is a scaling solution brought to the mix to make it easier for Ethereum and Ethereum-compatible projects to remain competitive, we can move on to how Polygon does what it does. 

- Polygon’s Software Development Kit (SDK) works exactly as it sounds. For a developer, it is a gold mine because it includes pre-existing guides on developing features that are key for most software being developed on the Polygon mainframe. These include modules for identity recognition, security frameworks, and consensus (for smart contracts). 

- The Polygon (PoS) Chain is the chief Polygon mainframe on the network. This chain is what makes it possible for Ethereum-compatible decentralized applications to run transactions at the speed and reliability with which they run. Moreover, it compiles PoS data for reference. It also runs a consensus algorithm responsible for the maintenance of the entire network. You can call it the Spine. 

- Polygon Plasma Chains are the layer-two support chains within the layer-two scaling chain. These are to Polygon what Polygon is to Ethereum. These chains run in tandem with the mainframe to provide extra cushioning and speed when required. They are also responsible for running transactions that are off-network. This is only made possible because Plasma chains are backed by a Plasma framework that helps them operate independently, as well as in complete cohesion with the spine. 

- Polygon's PoS Bridge is Polygon's two-directional link with the outside world. This bridge allows Polygon to communicate, interact, and operate with other blockchains, like Ethereum. A dedicated bridge is one of the major factors that allow Polygon to boast about its superior interoperability. 

It is true that Polygon is not the only layer-two scaling solution on the market. With time, many blockchains have invested in their own proprietary layer-two blockchains or other specialized ones. Despite rising competition, Polygon has always been able to innovate and reinvent to stay ahead of the curve.

## How is Polygon a scaling solution 

The Ethereum mainnet is bound to struggle with scalability issues despite the fact that it can host more than a thousand transactions per second, simply because the ecosystem is constantly evolving and inducting heavier decentralized applications. 

These scalability issues can be in the form of slow transaction processes and high gas fees (transaction fees). With Polygon, the Ethereum mainnet can take larger breaths of air. The acquisition of ZK-rollups and other optimistic rollups has also severely reduced the amount of time required per transaction. 

Other than scalability, Polygon offers superior interoperability throughout Ethereum and Ethereum-compatible systems through the tools mentioned above. Aside from this level of interoperability, Ethereum makes it really easy for smaller [DApps](https://cointelegraph.com/learn/what-are-dapps-everything-there-is-to-know-about-decentralized-applications) to enter the ecosystem through many tools, such as the development kit mentioned above. 

This has made it easy to believe that the Polygon philosophy is sustainable as it disallows any unjust barriers to entry into the ecosystem. 

Perhaps the greatest indication of Polygon's utility is provided by Polygon's community. The community constantly provides valuable feedback, reviews, and firsthand user perspective, which is vital for any blockchain trying to stay competitive. The community also gets innovative sometimes and offers groundbreaking discoveries within the system, which can help Polygon debug, or even discover a potent strategy. 

## Future Polygon MATIC news? 

In the end, the market gets to decide whether Polygon has innovated enough to stay competitive or not. 

That said, there is no denying that Polygon makes life easier for Ethereum and Ethereum-compatible projects. It is vital to note, however, that as the market makes larger leaps towards better user utility and more diverse use cases, future Polygon MATIC news might see Polygon looking to edge out Ethereum in the long run. 

Polygon, in cahoots with other major platforms on Web3, should now start addressing security concerns. This crusade will go a long way in attracting genuine interest from the segments still sceptical of Web3 because of its seemingly insecure nature. 

If these segments enter the Web3 space in the numbers they could, the blockchain market will enter a phase of genuine enrichment. 

Polygon matic token logo on green background image

Polygon (Matic) making major moves over Ethereum 

Video game publisher [Ubisoft](https://www.ubisoft.com/en-us/) has launched non-fungible tokens (NFTs) of its popular Rabbids characters for the Ethereum metaverse game [The Sandbox](/news/article/buy-sandbox-land-simple-guide). The Ubisoft NFT collection was made available to users already added to an allowlist, with public sales starting on Wednesday.

![Screenshot 2023-02-22 at 10.22.12.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_22_at_10_22_12_fe06936510.png)
 
[The company is releasing 2,066 Rabbids avatars](https://www.sandbox.game/avatar-collections/rabbids-lunar-new-year-avatars/en) via Ethereum scaling network Polygon, with each Ubisoft NFT priced at 100 SAND, or approximately $78 at the time of writing. The avatars are themed around the Lunar New Year, and their designs will be unveiled to buyers this Friday.

## Rabbids game world to launch on The Sandbox

On 28 February, The Sandbox will launch a Rabbids game world as part of its current open alpha test, featuring a limited number of playable experiences. The avatars are described as a "key to future utility" in The Sandbox, including potential access to future drops. 

The Sandbox previously released [NFT](/news/article/are-nfts-dead-investigation) items and accessories with Rabbids themes and added Rabbids characters to its museum-like NFT Institute experience last September. However, today's mint is the first time users can buy these avatars for use in the game.

## Ubisoft's Web3 expansion

Ubisoft was among the first major video game publishers to take notice of Web3 and begin experimenting with NFTs. The company has been experimenting with NFTs for some time, having previously released a Rabbids-themed NFT to benefit charity UNICEF and collaborated with Web3 fantasy sports startup Sorare on One Shot League. 

The Rabbids NFT release follows Ubisoft's earlier announcement of plans to bring the characters to The Sandbox, made one year ago. The game publisher has previously supported NFT projects like [Axie Infinity](/news/article/axie-infinity-price-prediction) and Nine Chronicles and invested in [Metaverse](/news/article/how-to-buy-land-in-metaverse-worlds) investment firm Animoca Brands and game maker Horizon.

The company has continued to make moves, investing in Horizon and joining the Mythos Foundation last fall. Ubisoft recently collaborated with cloud storage startup Aleph.im to develop fully decentralized smart contracts on Tezos.


Ubisoft Launches Rabbids NFT Collection 

Nakamoto Games is a leading [play-to-earn (P2E) ecosystem](/news/article/free-play-to-earn-games) built on Polygon, where you can play several blockchain-based games and earn lucrative rewards in the form of the Nakamoto Games coin, NAKA.

The platform also enables developers to launch their P2E blockchain games seamlessly. This guide will dive into everything you MUST know about the gaming platform.

![nakamato.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nakamato_3d3ddf63a4.png)
  
Source: [Nakamoto Games](https://www.nakamoto.games/)

## Nakamoto Games' market cap
  
At the time of writing, the [Nakamoto Games market cap](https://www.coingecko.com/en/coins/nakamoto-games) is just over $20,529,042. The NAKA token is currently valued at $0.2837, with a circulating supply of almost 65M tokens and a total/maximum supply of 180M tokens. Having launched in December 2020, it is fair to say that the Polygon-based P2E blockchain ecosystem is still fairly young.

If you want to buy or sell the NAKA token, BitMart is presently the most active crypto exchange. Other cryptocurrency exchanges to buy and sell NAKA include Quickswap and KuCoin.

You can also purchase the crypto asset on the gaming platform itself, via the P2P DEX. That said, we advise against this for three reasons:

•	The price per asset varies wildly – currently, the crypto asset is up for sale at $0.06, $0.2, and $1, respectively, via three separate, verified sellers!

•	We cannot vouch for the security of your funds via a P2P transfer.

•	You may not be able to buy tokens in bulk.

That said, if you opt for the P2P option, ALWAYS purchase via a verified seller – sellers with a verified 'tick' by their wallet address.

## The Nakamoto Games coin

If you are a gamer looking to utilise your skills to earn quick money, this P2E ecosystem is a good start. The platform claims to enable you to “generate a sustainable and sizable income”. Of course, you must be a skilled player to earn NAKA rewards.

The platform allows anyone with a [MetaMask cryptocurrency wallet](/news/article/what-is-metamask) to access a suite of P2E games and compete for eye-catching rewards and weekly prize pools. Mobile support is currently unavailable, and anyone with a Safari, Chrome, Edge, Firefox, and Opera browser can access the platform via their desktop device.

The Nakamoto Games coin is at the heart of the ecosystem, providing gamers with the required “fuel” to partake in any game – for example, to acquire ammunition within a shooting game.

All NAKA tokens used within games are pooled into a weekly prize pool, a portion of which is burned (deflationary dynamics). The players who rank highest on the leaderboards for each game will receive rewards from the prize pool. The token also plays a part in ecosystem governance.

Token holders may vote on proposals like the burning of NAKA tokens and the composition of weekly prize pools. The final use case of the cryptocurrency is to incentivise developers to conduct research and development on the platform.

If you want to explore additional earning options, the platform allows players to stake their tokens for 180 days and receive a variable/fixed APR. It also boasts of a decent referral programme – for every friend (gamer) you bring to the platform, you will receive a 3% referral bonus on every game your friend plays.

## What games can you play?

At the moment, you can choose from a truly large suite, including story mode and tournaments. Additionally, if you want to play for fun, without earning rewards in the platform's native token (and spending on NAKA, for starters), the platform provides a selection of free-to-play games as well!
 
Source: Nakamoto Games

It should be noted that free-to-play games reward players too – the top ten gamers daily receive free items as rewards!

There are several gaming categories on the platform, including action, shooting, [NFT games](/news/article/coralcube-nft-game-changer), and sports. Choose a category you prefer, select a game that appeases you, and start playing! Here are the top ten games on the P2E blockchain gaming platform at the time of writing:

1.	BUBBLE SHOOTER.

2.	NIGHT WARRIOR.

3.	TANK BATTLE.

4.	SPOOKY RUN.

5.	ZAKA.

6.	NAKA TD.

7.	NAKA STRIKE (Single Player).

8.	CANDY SHOP.

9.	NAKAR RACING INSANITY.
 
10.	NAKA STRIKE (Multi-Player).
 
We recommend trying story mode games, as they are known to pose a serious challenge and keep you on your toes! Other features on the platform worth exploring include Nakaverse, NAKA Punks, and [Marketplace](/news/article/gamestop-nft-marketplace).

## Nakamoto Games for developers

Much like how developers can launch their applications on the Google Play Store, Nakamoto Games enables developers to deploy their P2E blockchain games onto the platform via the Nakamoto User Base. 

Developers can monetize their games and may earn rewards in the form of the platform's native cryptocurrency for their research and development efforts.

We advise you to review the [platform’s whitepaper](https://main.nakamoto.games/pdf/NAKA-Whitepaper.pdf), all social media platforms, and conduct thorough research before building and launching a game on the platform. The blockchain ecosystem is fairly nascent, has a fascinating tokenomics structure, and could potentially boom in the next bull cycle – that said, as advised already, DYOR!


purple image of nakamoto games blockchain logo

Nakamoto Games: A Premier P2E Ecosystem

In the latest MATIC news, Polygon announced a [hard fork event](/news/article/cardano-hard-fork) in a [blog post on 12 January](https://polygon.technology/blog/hardfork-incoming-upgrading-polygon-pos-chain-to-boost-performance), following weeks of [preliminary debate](https://forum.polygon.technology/t/pre-pip-discussion-addressing-reorgs-and-gas-spikes/10623/5) on the Improvement Proposal (PIP) forum page in late December.
  
The hard fork is set for Block >= 38,189,056. A centralised, single actor will not initiate it. Network validators must update their nodes before the designated block, which they are already doing.

It is reported that the Polygon hard fork, which has now been confirmed, will solve gas spikes and chain reorganisation issues that have hampered user experience on the Polygon Proof-of-Stake (PoS) chain.

## Polygon MATIC news - Votes in favour of increasing base fees 

87% of the governance team's 15 votes approved raising the base fee change denominator function from 8 to 16 to prevent gas cost spikes and decreasing the sprint length function from 64 blocks to 16 to solve the chain reorganisation problem. 
88. 
The team said that cutting sprint duration will enhance transaction finality, allowing a single block producer to add blocks continually at a frequency of 32 seconds rather than the present interval of 128 seconds.

## Polygon MATIC news - Number of blocks not affected

Since this adjustment does not affect the total time or number of blocks produced by a validator, they noted that overall rewards would not change.

When a block is erased from the blockchain to create a place for a new one, it creates a chain reorganisation to make room for the more recent longer chain; all node operators have the exact copy of the ledger. However, if the blocks are to be reorganised, it must be done as quickly as feasible because it raises the risk of a 51% attack. The team has verified that token holders and delegators would be unaffected by the hard fork and that applications will not be impacted. 

[MATIC](/news/article/matic-price-prediction) is trading at $0.977, up 13.6% since the company announced the news on 12 January.


blue image of fork in road with polygon MATIC logo in centre

MATIC News: Polygon hard fork announced

Bloktopia is a decentralised Metaverse that provides an unprecedented VR experience for the crypto community.

It brings users together in one immersive and engaging environment. [Bloktopia](https://www.bloktopia.com/) is built and backed by Polygon.

Bloktopians are those who own tokens. It is a 21-story skyscraper built to honour the 21 million Bitcoins. It serves as a primary focus for all levels of crypto expertise. For the first time, consumers can obtain crypto knowledge and immersive multimedia in one location. 

## Bloktopia's ecosystem

The ecosystem of Blocktopia is primarily made up of $BLOK, the Metaverse's native currency. Players can use $BLOK to acquire land assets and advertisement rights, granting users ownership of $REBLOK and $ADBLOK tokens.

## $BLOK

$BLOK is an ERC-20 token and Bloktopia's native cryptocurrency, with a maximum supply of 199.87 billion tokens. Only 15% of the fungible tokens are now in circulation, but this figure will likely climb by the end of the year's fourth quarter.

$BLOK serves as the Metaverse's utility token and will be required for various in-game functions. $BLOK tokens are needed for everything from purchasing NFTs from vendors on the floor to attending elite clubs. Similarly, purchasing land from portals requires users to spend $BLOK tokens to transfer ownership of a specific land tract.

The $BLOK coin can be purchased via various [cryptocurrency exchanges](/news/article/huobi-exchange-who-owns-it), including QuickSwap, KuCoin, Hotbit, and many others. 

## $REBLOK

The purchase of real estate in Bloktopia is known as Reblok. 

Following the BLOK token distribution event, Bloktopians can purchase real estate (TGE). Bloktopians can speculate on the property and either resell for a profit or lease it for passive income prospects because real estate will be a valued commodity within Bloktopia.

## $ADBLOK

Bloktopia takes advantage of emerging technology and the notion of [virtual](/news/article/nft-land) land to allow prominent companies to market their products in front of a large audience. Advertising for large brands worldwide will earn significant cash within the Metaverse, and $REBLOK owners are urged to lend digital screens for advertising reasons.

Users can purchase $ADBLOK to receive a portion of the revenue generated by advertising. Bloktopia will collaborate with tier-1 brands to publicise their content. Any income earned by advertising for these brands will be shared with $ADBLOK holders.

## How to earn with Bloktopia

The Metaverse aims to allow its members to use their creative abilities and innovative approaches to entertain others while offering avenues for monetary gain. Fortunately, Bloktopia provides attractive chances for its members to use and earn real-world money while contributing to the massive market cap.

## Play-to-earn games

Bloktopia has a wealth of [play-to-earn](/news/article/best-farm-games-2022) (P2E) games that allow players to earn money from the Metaverse through in-game prizes. Players can earn valuable rewards through fungible and non-fungible tokens by engaging in gameplay and accomplishing various tasks and objectives throughout the central hub.

## Virtual enterprise

The 21-story skyscraper allows interested people to own a shop on any level and provide unique services. Landowners can use the space to start virtual enterprises selling [NFTs](/news/article/moonray-nft-gaming-platform) and other in-demand services. Significant brands are opening virtual stores in the Metaverse to display brand messaging and promotions and sell branded NFTs on the marketplace.

## ADBLOK purchase

Bloktopians can earn passive income through advertising revenue sharing by purchasing ADBLOK tokens using the native NFT gateway. The developers will share the cash made by displaying adverts on numerous ad screens across the Metaverse if they purchase ADBLOK. The more impressions an advertisement receives, the more revenue is made.

## Team

Bloktopia is powered by [Polygon](/news/article/moonray-nft-gaming-platform), with Animoca Brands, Magnus Capital, Jake Paul, and BullPerks as critical partners.

Ross Tavakoli is the project's founder. His extensive knowledge in the crypto sector and retail investment gave him an advantage in the nascent market, as did his vision for Bloktopia.

Paddy Carrol is a co-founder, and his marketing knowledge makes him an asset to the Bloktopia team.

Libby Rothwell, the commercial director in charge of developing commercial relationships, and Simon Benson, the project's technical lead, also offered their talents and time to the project.

## Current price

The current price of $BLOK is US$0.002267, with a 24-hour trading volume of $591,983. The circulating supply of $BLOK is 17.54bn $BLOK, with a maximum supply of 199.87bn. It has gained 0.21% in the previous 24 hours. It is now -2.83% off its seven-day high of $0.002333 and 5.82% off its seven-day low of $0.002142.

## Conclusion

It is early days, but with each project update, more content and in-game settings are introduced, making the Metaverse more enjoyable. Bloktopia is now one of the most popular live Metaverses built on cryptocurrency, with many active users.


pink image of metaverse scene with blocktopia logo overlayed in pink

Bloktopia Metaverse- A Guide

The NFT industry has made great strides since the early days of non-fungible tokens. Even though 2022 has been a quiet year for [NFTs](/news/article/nft-art-marketplaces), innovation has not stopped, thanks to Ethereum and other networks like [Solana](https://solana.com/) and [Polygon](https://polygon.technology/) that have taken charge. New genres, like comics, have emerged along with new projects.

One unique idea in the digital art space has been [NFT comics](/news/article/next-disney-nft-drop). These NFTs are not only transforming comics but are also allowing fans to be part of comic creation. 2142 AD is one major project in this area. It introduces collectable-based comic books run through a DAO.

This article will take a deeper look at these NFT comics and explore how they transform the [digital art industry](https://leadlearnleap.com/).

## What’s the 2142 AD project?

It is a groundbreaking digital collectables project that introduces NFT comics. 2142 AD brings forth the idea of a decentralised storyline in which anyone can participate. It is a decentralised autonomous organisation ([DAO](/news/article/smart-contracts-blockchain)) that allows you to create, mint, and trade comic pieces as NFTs. 

2142 AD is a transmedia storytelling project first introduced in 2021. Behind the project is a highly competent team from Belgrade, Serbia. The co-founder, Dušan Zica, serves as this comic project’s CEO and chief operating officer. 

Å½ica has worked in the video gaming development industry for about seven years and has experience in advertising and copywriting. It is a seven-member team in which all the individuals are affiliated with game development.

The project is based on [Web3](/news/article/what-is-web-3.0-crypto) tech to introduce digitised comics. On top of that, its decentralised story sets the tone for a role-playing tabletop game in a virtual world. This brings a unique feature for both comics as well as NFT collectors.  

## 2142 AD NFT comics

The idea behind this project is to propel novelty in the industry. Currently, the market is saturated with an array of rip-offs of popular collections. That’s why they launched a project with a fresh vision for GameFi NFT comic books. It uses the DAO mechanism, so the collectors enjoy the ownership of these NFTs. 

The collectables of this project can be entire comic book pages, single panels, or complete strips. The genre of the stories its books follow is sci-fi, with major themes in its books being a dystopian future, aggressive capitalism, and an AI takeover.

## Storyline and setting

As its name suggests, its storyline is set in the year 2142, a couple of years after all the [BTCs](/coins/btc) were mined. It depicts a world where large corporations are controlling the world order. There are no signs of decentralisation, and humanity has become a bondslave of virtual reality. 

Moreover, the world economy is in dire crisis because of the completion of Bitcoin mining. Masses are on the brink of poverty, and substance consumption is rising. The Metaverse has snatched people's freedom, driving society towards hopelessness.

Amid this gloominess, a ray of hope appears with the restoration of Satoshi Nakamoto’s wallet. A mysterious figure started using it to buy off large enterprises. This gives the less fortunate class a chance to rebel against the system. Following that, spirits of ancient entheogens awaken, and a few AI factions also side with rebels.  

## Major themes in 2142 AD webcomics

The significant themes comic book lovers will find in these NFTs are:

1.	Dystopian future.

2.	Aggressive capitalism.

3.	Cyberpunk future.

5.	Spiritual awakening.

6.	Sci-fi adventure.

7.	Mythical and urban legends.

## How do NFT comics work?

The platform works as a decentralised autonomous organisation (DAO). It allows digital art collectors to engage in every process of webcomic creation. Everything from the storyline to the [minting of NFTs](/news/article/instagram-nft-minting-and-trading) is based on the members’ votes. That’s why the entire ecosystem is community-driven and focuses on interaction. 

It provides a platform to create, mint, and collect digital art pieces. You will have 21 items for crafting NFT bundles. With these items, you can create comic covers, panels, and entire book pages. You can also organise these pieces to compile an NFT comics issue to uncover the entire plot. 

You can sort a webcomic issue by burning a few pieces and merging them into one. There are blank pages, which you can mint to assemble the story. You can then mint different panels to organise a page. 

Similarly, you can complete an episode by minting the covers. However, each cover, page, and panel is a separate asset with a different value.

## As Above, So Below - The first issue

The first issue in this NFT comics series is “As Above, So Below”. It is currently available on the official website of the project. You can also find these comic panel NFTs on [OpenSea](https://opensea.io/collection/2142-1-as-above-so-below). 
 
The story starts with the events of mythical legends that took place more than three million years ago. It gradually moves towards the ongoing events in the 2142 AD world. It depicts how capitalists use artificial intelligence (AI) to suppress poor people, presenting the sombre image of a society enslaved by technology.  

![nft2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/nft2_2d940302a2.png)
 
The story portrays the revival of ancient deities that inspire the common people to fight against greedy corporations. People unite in rebellion against the system, and some AI factions also help humans bring decentralisation.   

Bottom line

Lately, there have been many redundant projects in the non-fungible token market. It has limited creativity and growth of these assets. Therefore, the NFT comics by 2142 AD are a refreshing project in this market. They offer sci-fi genre stories that are not only for webcomics, but pave the way for web series and RPG tabletop games.

On this platform, you contribute to the stories via DAO-based voting. Additionally, it allows you to create, mint, and trade these tokens in one place. Being a comic collector, this project will enable you to assemble entire issues and comic books.



pink comic book scene of man standing up a tree in a jungle

NFT Comics and 2142 AD

[Uquid](https://uquid.com/) is one of the largest Web3-based platforms, offering physical and digital products. It creates smart shopping experiences for users by bringing the world of e-commerce and DeFi together. 

To enhance customer experience, it has announced integration with the [Polygon network](/news/article/polygon-crypto). The smart marketplace will leverage Polygon’s low fees, high efficiency, and, most importantly, scalability. It will also allow Uquid to employ its vigorous developer ecosystem.

![uquid.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/uquid_fd41c6718c.png)
 
It will allow customers to enjoy another payment method, the MATIC token. In addition, this Web3 market will have access to Ethereum through this integration.

## Shared vision of building eco-friendly platforms

Both Uquid and Polygon share the vision of [sustainability](/articles/our-news/sustainable-future) and environmental preservation. MATIC’s network is known for being the least harmful to the environment. That’s why the smart marketplace opted for its scalable ecosystem to develop its market. Uquid believes that the MATIC network can shape a user-friendly and environment-friendly platform. 

It will not only reduce gas fees for users, but will also allow easy access to cryptocurrencies. Users can also enjoy access to various decentralised apps (DApps) available on Polygon. 

## About Polygon

[Polygon](https://polygon.technology/) is one of the leading Ethereum scaling solutions. It is entirely decentralised and ideal for creating Web3 DApps. The network leverages Ethereum's security and provides high efficiency at affordable costs. More than 53,000 DApps have chosen its scaling solution to build their platforms. Among them, names like Uniswap, OpenSea, and Aave are notable. 

The network is also a leading force in the non-fungible tokens ([NFT](/news/article/nft-art-marketplaces)) market. It has collaborated with numerous key players in the industry, including [Disney](/news/article/matic-disney-collab), Instagram, Adobe, Stripe, and others.

## About Uquid

Uquid is a platform that first introduced the idea of Web3-based smart shopping. It bridges the gap between the DeFi world and e-commerce by offering more than 85 million products. The platform also introduced the concept of a shop-to-earn market.


Uquid Web3 Market Integrates Polygon

In 2022, interoperability and bridging have been the top priority of developers. Alongside Polygon Bridge, several [bridges](/news/article/binance-bridge) are already in place that connect different blockchains. Among them, the top blockchains that provide a solution for this problem have been [Binance](/news/article/guide-to-binance-uk) and [Avalanche](/news/article/avalanche-crypto-metamask). 

[Polygon](https://polygon.technology/) is also an emerging network for interoperability. It offers two bridges that allow easy transfers between MATIC and Ethereum. Here, we discuss the workings of Polygon and explore how you can transfer tokens between different networks! 

## Polygon Bridge explained

It is yet another solution in the crypto space for asset transferring between different blockchains. Since the blockchain provides scalable infrastructure for networks supported by [Ethereum](/news/article/ethereum-the-merge), moving assets between blockchains is necessary. That's why a bridging mechanism was created to allow interoperability.

This provides the MATIC network with a cross-chain feature, which operates on a trustless smart contract. With the availability of this feature, you can send ERCs and [NFTs](/news/article/polygon-nft-drops-2022) to its side chains. 

There are two [Polygon bridges](https://wiki.polygon.technology/docs/develop/ethereum-polygon/getting-started/#pos-vs-plasma); one is Proof-of-Stake (PoS), and the other is Plasma. PoS bridging is a widely used option as it is highly flexible and supports more token standards.  

## How to use a PoS bridge

The following steps will guide you on using the PoS bridge. 

1.	Firstly, go to the [web wallet](https://wallet.polygon.technology/) and choose the Polygon Bridge option.
2.	Link your cryptocurrency wallet, like [MetaMask](/news/article/what-is-metamask) or any other, to it. Then, you need to sign a verification message and proceed to it by verifying the URL.
3.	It will redirect you to the bridging interface. Else, you can go to that page by selecting the option from the menu bar on the left. 
4.	Then you would need to send tokens from Ethereum to the Matic network. For this, click on the ‘Deposit’ tab and select the token you have to bridge. 
5.	After that, enter the amount as per your preference and proceed with ‘Transfer.’
6.	Next, it will show you important reminders about what it supports and what it does not. After reading that, you can go ahead with ‘Continue’.
7.	Then you will be able to review the estimated transaction fee. Here check all the transaction details and proceed with ‘Continue’.
8.	 Next, it will ask for your approval via signature. If all the details are correct, continue by clicking ‘Confirm’.
9.	Your transaction will take a few minutes. Meanwhile, you can monitor its status through [Etherscan](https://etherscan.io/).  
 
[Polygon](/news/article/polygon-crypto) provides a formidable infrastructure for Ethereum-compatible blockchains whose bridging tool completes it by providing cross-chain asset transfers. It has two bridging options; PoS and Plasma. 

PoS can be ideal as it allows flexibility and supports many tokens. If you own a crypto wallet, like MetaMask, you can easily integrate it with the Polygon Bridge to transfer your assets between different blockchains.
 


Polygon Bridge Guide: Transfer Your Asset

1inch Network is a DEX aggregator that scours decentralised exchanges for the most profitable liquidity provider platforms. It provides users access to 116 sources on the Ethereum ecosystem, the [Binance Smart Chain](/news/article/bnb-price), and the [Polygon](/news/article/polygon-nft-drops-2022) Network.

The aggregation protocol employs various algorithms to perform its function, providing users with access to liquidity sources worth more than $30 billion.

Sergej Kunz and Anton Bukov, two Russian developers, created 1inch Network. They have expertise in smart contract auditing. Kunz and Bukov, both avid DeFi enthusiasts, began experimenting with arbitrage bots, creating the first medium viable product during the ETHNewYork hackathon in 2019.

Since then, the platform has raised approximately $15 million in funding and is governed by the 1inch Network Foundation, a non-profit organisation that launched the 1inch token in December 2020.

## How does the exchange work?

The 1inch Network protocol splits orders across multiple DEXs to find the best market price. The protocol employs a combination of arbitrage bots and other algorithms to accomplish what would require several pairs of hands working at breakneck speed from humans. Users can swipe tokens on three networks at the lowest prices thanks to 1inch Network.

## What is a 1inch token?

1inch is an ERC-20 token designed to serve as the 1inch ecosystem's governance and utility token. The token is available on various exchanges, including Binance, Coinbase, Uniswap, KuCoin, Gemini, and PancakeSwap.

The following are the primary applications for the 1inch token:

•	Utility: The [token](/news/article/crypto-coin-vs-token) can be used as a connector on the Liquidity Protocol to aid in efficient token swap routing.

•	 Governance: All governance votes on the 1inch Network require the token.

•	 Multi-chain: The token is accessible via a bridge on the Ethereum and BSC networks.

How to trade on 1 inch?

1. Connect your wallet 
Go to [1inch.io](https://1inch.io/) and click the "Connect wallet" button in the top right corner.
Select your wallet in the pop-up window (Metamask), and click the "Connect" button.
Your Ethereum address will be visible at the top of the page once the wallet is connected. You can always copy the address, disconnect the wallet, and check your transaction history by clicking on it.

 2. Basic settings
In the dropdown windows, select the coin you have and want.
You can also choose between 'Maximum return' and 'Lowest gas cost'. If you select the 'Maximum return' option, the algorithm will use complex swap routes to ensure you get the best rates.

You can also select the 'Lowest gas cost' option. In that case, the pathfinder algorithm will determine the most cost-effective option in terms of gas. This option is useful for small trades where you don't want to pay high fees, such as converting 10 USDT to WETH. Small transactions optimise fewer liquidity sources; thus, the option with the lowest gas cost will most likely deliver the lowest price. 

3. Swap the coin
Click on the "swap" button. And you get the coin you want at the lowest price.

## Benefits of using 1inch exchange

The primary benefits of using the [exchange](/news/article/best-exchanges-for-crypto-uk) are as follows: 

1.	User-friendly interface
2.	No additional transaction fees: The exchange does not charge any additional fees.
3.	Low swapping charges: Users can choose between different exchanges and actively select the best prices and gas fees.
4.	The platform is safe and secure for transactions. 
5.	Favourable crypto rates: The Pathfinder feature lets users quickly find the best rates for cryptocurrency exchanges.
6.	Increase liquidity: As a DEX aggregator, the exchange has access to over 50 DEXs with significant liquidity.

## Bottom line

1inch includes a slew of features, including an innovative governance model that aims to change the way decentralised networks are managed. With a market capitalisation of approximately $500 million, 1inch Network's ERC-20 token provides sufficient liquidity and provides traders and liquidity providers with a profitable and cost-efficient service.
 



A comprehensive guide to the 1inch Network

The [Matic token](/coins/matic) has been one of the few cryptocurrencies in recovery since May 2022 in the bearish crypto market. One primary reason behind it is the [Polygon news](/news/article/polygon-crypto-news) confirming the Matic Disney collaboration for the Disney 2022 Accelerator Program. 

Since then, the token has seen some positive price action. It currently trades at $0.742, according to per [CoinMarketCap](https://coinmarketcap.com/currencies/polygon/). Though the token gained momentum after the news, its value is still less than USD. 

Many are curious why Disney prioritised Polygon tokens over other high-performing ones. Let's take a look at the reasons Disney preferred Matic! 

## What is the Accelerator Program?

Walt Disney Co. runs business development and mentorship programs for tech startups. It is aimed at funding and mentoring six innovative firms. The entertainment giant selects the firms based on their potential to thrive in the entertainment industry. The initiative takes place in summer each year. This year, it also started in July and will conclude in October.

Part of the plan for the [Disney Accelerator programme](https://thewaltdisneycompany.com/2022-disney-accelerator-participants-announced/) is to build immersive experiences with Augmented Reality (AR) tech and create AI-based character NFTs. For this reason, Matic's team is also part of this year's mentorship initiative. 

Alongside Matic, Disney will work with five other AR, AI, and web3-based companies. These include; [FlickPlay](https://www.flickplay.co/), [Red 6](https://red6ar.com/), [Obsess](https://www.obsessar.com/), Inworld, and [Lockerverse](https://www.lockerverse.com/). Polygon is the only cryptocurrency firm to be part of this program. 

## Four reasons why Matic and Disney teamed up for Accelerator

Let's examine why Polygon is the ideal selection for the Accelerator!

1. Scalable network for web3 projects 

One primary reason behind the popularity of the [Polygon](/news/article/polygon-crypto) network is its scalability. It is a layer-2 solution for Ethereum which can support scalable web3 projects. Besides being an Ethereum Virtual Machine (EVM), it provides formidable security. 

The network offers an array of Ethereum solutions, which developers can use for varying needs. From PoS to the open-source EVM, all are impressive scalable solutions.

2. A cost-effective option for NFTs and GameFi

The Matic network costs are also on the lower side. It is the prime factor behind the Matic Disney union. As the entertainment platform is seeking its place in the non-fungible token NFT market, it can be pretty helpful. The firm can leverage the Matic blockchain to turn its famous characters into NFTs. And the low transaction fee can be a crucial selling point to entice the audience. 

Similarly, this feature can also be quite helpful in developing blockchain-based games. Polygon ecosystem has a variety of GameFi projects. These include notable games like Voxies, Rebel Bots, Pegaxy, Crypto Raiders, and others.

3. Polygon's alliance with other key players

The Matic Disney collab for the Accelerator program is not the only impactful partnership this protocol has. It enjoys alliances with many other key players in the industry, including one of the most impactful alliances with the social media and Metaverse giant [Meta](/news/tag/meta/2). Mark Zuckerberg's company recently rolled out a cross-posting feature using Polygon. 

Also, one of the largest NFT marketplaces, [OpenSea](/news/tag/opensea), integrates with Matic NFTs. Meanwhile, other noteworthy names include Reddit, Robinhood exchange, and Stripe partner with the Matic network. Which suggests it is a growing blockchain company in the industry.

4. Diverse ecosystem

Another reason Disney selected Matic for its Accelerator program is its complete and diverse network. It can be an ideal platform for various Decentralised Applications (DApps). Its suite has numerous solutions designed for developers' ease of integration. The ecosystem can support NFTs, GameFi, and other DeFi projects that align with the needs of Disney.  

## How beneficial will the Matic Disney union be?

For Matic, the Disney partnership means growth. The short-term gains are already quite evident. Before this announcement, the token was traded at only $0.4 starting in July. 

However, in mid-July, it started gaining positive momentum as the price approached $0.6. The price then appreciated to over $1 in August. And now its price has decreased to $0.75. Nonetheless, this is commendable as the crypto market is going through a severe winter. Moreover, it positions the crypto well for future gains.

The [prospects](/news/article/matic-price-prediction) also look pretty exciting for the blockchain. It may unlock an opportunity of turning Disney World's characters into live NFTs. Moreover, it may lead to creating a Disneyland Metaverse, where the audience can enjoy an AR-based immersive environment. It will likely introduce the Polygon network to a prominent entertainment industry audience. 



Matic Disney Collab: Why Polygon for Accelerator 2022?

Ethereum has dominated the [non-fungible token market](/news/article/nft-art-marketplaces) for years. But now, several other contenders are taking over. One of which is the Polygon network. Its speedy transactions and lower gas fees make it a viable option for trading NFTs. 

Besides, in the recent past, [Polygon Times](https://polygontimes.com/) has announced partnerships with various leading NFT marketplaces and web 3.0. firms which make it a worthy alternative for traders.

The upcoming Polygon NFT drops can be an excellent place to start if you want some exposure to NFTs. 

## Next big Polygon NFT drops 

Let’s check out some of the potential next big Polygon NFT drops!

1.      Just Cat
Animal digital art, including apes, bears, pandas, and cats, is popular across different blockchains. One similar kind of project is [Just Cat](https://justcatnft.com/) on Polygon. This collection includes 3,000 cat NFTs. These are baby cats ‘who love everyone'.

![polygon nft 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/polygon_nft_1_f434013678.png)
  
The presale for the Just Cat collection started on 18 September and will be going till the 20th. You can get them through OpenSea via ETH. As a holder of this digital asset, you can enjoy access to exclusive events. 

2.       Mars IDs
[Mars IDs](https://marsids.co/) is a unique project on the blockchain. It introduces future IDs for residents of planet Mars as NFTs. It also involves future tickets to the planet. These are super rare non-fungible tokens with 10,000 ID cards for future residents.

![polyon nft 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/polyon_nft_2_fb8acbb172.png)
 
The whitelist minting began on 01 September, whereas it will be available in the marketplaces from 01 to 08 October. Its whitelist mint price is 20 MATIC, and after the end of the presale, it may reach up to 100 MATIC. 

3.       No Faith Terra - Humanos de Ilunion
[No Faith Terra](https://nofaithterra.io/) is another exciting upcoming Polygon NFT drop. It is dedicated to the gaming community, especially those who enjoy role-playing games. It involves various characters that you can use in games as your avatars. A total of 4,444 adventurous characters are part of this collection. 

![polygon nft 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/polygon_nft_3_bd57bd8d3b.png)
 
The WL presale for No Faith Terra will be ongoing from 09 to 16 October with the price of 15 MATIC. However, the public sale will start on 23 October, in which their value will be 35 MATIC.

4.          Lost Buffoon Legions
[Lost Buffoons Legions](https://lostbuffoons.com/) is a compilation of lost souls sent here from the most bottomless pits of hell. These buffoons are punished for their evil deeds and seek redemption, wandering on earth for eternity. This project allows you to become the owner of a lost buffoon. Also, you can give it a name and write its story. By becoming a part of it, you will be supporting abuse survivors. 

![polygon nft 4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/polygon_nft_4_2b79bb42a6.png)
 
There will be 9,996 tokens in the collection. These will be dropped in six rounds, and 1,666 tokens will be released each. The first drop will start on 21 September and end on the 28th. 

5.          Boomerang Tang
[Boomerang Tang](https://www.boomerangtang.com/) is yet another distinctive Polygon NFT drop that is happening soon. It introduces some of the popular 80’s video game tracks as NFTs. It can be nostalgic for any gamer interested in the classic chip or video games. 

![polygon nft5.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/polygon_nft5_b3d6a6f86e.png)
 
The project involves a library of 6,442 tracks. Initially, 4,800 tracks will be released on OpenSea. The public sale for these tunes will start on 29 September and continue till 06 October. 

## Final thoughts

[Polygon](/news/article/polygon-crypto) network is evolving to be a diverse platform for NFTs. The announced collaborations with major marketplaces and firms by Polygon Times indicates its potential. Besides, many innovative projects are already available on this blockchain. 

In addition, several Polygon NFT drops are lined up for the next few days. So, consider exploring the upcoming drops mentioned above if you want to start on this network.



Top 5 upcoming Polygon NFT drops 2022

Polygonscan is a block explorer and analytics platform that lets users view and analyse any transaction on the Polygon blockchain. The Polygonscan API (Application Programming Interface) launched with various supports to provide features such as transaction tracking, gas tracker, and more, with additional features expected in the future.

Its release encourages developers to launch dApps using the [Polygon network](/news/article/polygon-crypto). As well as it also ensures that users have the best possible experience when using their favourite dApps for trading, buying and selling NFT, and a variety of other activities.

## How will Polygonscan assist?

MATIC is a blockchain scalability platform that promises to solve Ethereum's problems, such as low Tics Per Second (TPS) and high fees. When compared to Ethereum, Polygon has higher throughput. Compared to the Ethereum network, the gas fee on Polygon is relatively low.

The block explorer allows users to easily check blockchain data such as:

•	Daily transactions

•	Unique addresses

•	Average block size

•	Average gas price

•	Daily gas used 

•	Daily active ERC-20 addresses

•	Validators

•	Contract verification

•	ABI verification.

Polygonscan has capacity to handle the high transaction volume, processing 7 million transactions daily. Launching decentralised apps on the polygon blockchain will also be easier further to the networks recent upgrade.

## How to use Polygonscan to add the Polygon network in MetaMask

You can also use Polygonscan to connect Polygon to MetaMask by following the instructions below.

1.     Sign in to your online crypto account.

The first step is to ensure that you already have an online crypto account. If this is the case, install the MetaMask browser extension. When the download is finished, the Metamask page will appear, where you can log in to your account.

Click the 'Add Polygon Network' button. Then navigate to https polygonscan.com. Click on the small button with the words 'Add Polygon Network' at the bottom of the page.
 
2.     Join MetaMask and Polygon.

You will be redirected to the MetaMask page after clicking the button. Then press the "Approve" button. You have successfully connected the blockchain network to the online crypto account and will be redirected to the Polygon mainnet shortly.
 
## Is it valuable to get involved with polygonscan? 

Polygonscan comes with a variety of features that makes users' life easier. Getting involved with the block explorer can be beneficial in the long run. 



An ultimate guide to Polygonscan

The latest Polygon crypto news covers the cryptocurrency participation in [Disney's accelerator program](https://cointelegraph.com/news/polygon-selected-to-participate-in-disney-s-2022-accelerator-program), which will help the company gain Web3 experiences.

According to a statement issued by The Walt Disney Company on Wednesday, the [Ethereum](/coins/eth) scaling platform is one of six initiatives selected for the Accelerator Program, which is focused this year on augmented reality (AR), nonfungible tokens (NFTs), and artificial intelligence (AI).

On Wednesday, Polygon CEO Ryan Watt announced that the company was "the only blockchain selected" for Disney's famous Accelerator program.

## What is Disney accelerator 

Disney's accelerator program was started in 2014, and members can get mentorship from the Disney Accelerator team as well as assistance from Disney's own leadership team.

Participants will allegedly receive additional investment funding as well as co-working space at Walt Disney's Los Angeles campus. The program will finish with a Demo Day on campus.

Applications for the accelerator program opened on April 22, with applications closed on May 13, 2022. At the time, Disney stated that the accelerator would seek "growth-stage companies with a vision for making an impact on the future of technology and entertainment."

Flickplay, a Web3 application that allows users to discover NFTs using augmented reality (AR), and Lockerverse, a Web3 storytelling platform that links creators and brands, were also chosen this year.

Other startups include the augmented reality startup Red 6, the 3D virtual e-commerce startup Obsess, and the AI-powered virtual character creation startup Inworld.

Polygon, formerly known as the Matic Network, is an interoperability-focused blockchain architecture with a suite of scalability tools designed to construct Ethereum-compatible decentralised apps (DApps). Polygon's scaling solutions were designed to overcome Ethereum mainnet issues like sluggish transaction speed (TPS) and hefty transaction fees.

Following the Latest Polygon crypto news, native token, MATIC, increased by more than 20% once word of Polygon's participation in Disney Accelerator. In the early hours of Thursday, the token was trading at $0.5291 and has risen 20.568 percent to $0.6504. The token is still gaining ground.

For the latest Polygon crypto news, check out our[ Polygon tag](/news/tag/polygon).


Polygon crypto news: Disney accelerator program

This article is about investing in new altcoins - how to start, what to do, the risks, and ones to watch out for.
Altcoin is the short hand for alternative coins, which refers to all cryptocurrencies that aren't Bitcoin.

## How can I get started with new altcoins?

There are a few ways to acquire new altcoins: buy them on an exchange, mine them, or receive them as a gift.
If you're looking to buy altcoins, the most common way is to use an exchange. You can search for a list of businesses that offer a variety of altcoins on their platform. But it is highly advised to do your research before choosing an exchange, as some are more reputable than others.

You'll need to purchase a [mining](/news/article/best-crypto-miner) rig to start mining altcoins. This can be expensive, so research and compare different rigs before purchasing. Once your rig is set up, you'll need to download mining software and configure it to start mining coins.

You could also participate in airdrops. Airdrops are when a cryptocurrency project distributes free new altcoins to the community. To participate in an airdrop, you only need a wallet address where the tokens will be sent.

## What are the risks of investing in new altcoins?

When it comes to investing in new altcoins, there are a few risks you should be aware of. Firstly, new altcoins are incredibly volatile and can go up or down in value rapidly. Secondly, new altcoins are still in their early stages and may not be as developed or reliable as more established cryptocurrencies.

Finally, altcoins are often less regulated than traditional currencies, so there is more potential for fraud or scams. As with any investment, it's essential to do your research before investing in any altcoin.

## What are the most promising altcoins right now?

Bitcoin is the most well-known and established cryptocurrency on the market, but many other altcoins are worth looking into. These cryptocurrencies have been created in response to Bitcoin and often offer different features or solutions to the problems that Bitcoin has.

Some of the most promising altcoins include Litecoin, Ethereum, Cardano, Polkadot, Polygon, Cosmos (ATOM), and Dash.

Litecoin is similar to [BTC](https://bitcoin.org/en/), but has a faster transaction speed and a lower transaction fee.

Ethereum is a wildly popular cryptocurrency, second in popularity after BTC, and is based on a platform where decentralized applications are developed.

Dash is a cryptocurrency that offers private transactions and instant payments.

If you're interested in getting into altcoins, it's essential to research to find out which ones are the most 
promising for you. As with any investment, it's always important to be cautious and aware of the risks involved.

## Conclusion

Choosing which new altcoin to invest in can be challenging as there are so many.

Research carefully and find coins with a good team behind them, a solid plan for the future, and a good track record. No matter what happens, never invest more than you can afford to lose, and remember to keep your coins safe.


How to Get Started With New Altcoins

NFT marketplaces brings back 6.39 million results when searched for on Google. This means that you are not alone in looking for the best NFT marketplaces for 2022.

You continue to come across news of people buying digital cats, apes, in-game designs, and digital art for millions of dollars. It usually surprises you, since art pieces were typically purchased at auctions from well-known galleries across the globe. You may have asked countless times where people keep getting these digital collectibles. Do not worry, Moni Talks has got you covered when it comes to the best NFT marketplaces to buy digital arts that suit your investment preferences.

Since the second half of 2020, non-fungible tokens (NFTs) have sailed on. Many traditional investors, and cryptocurrency holders, are doing everything in their capacity to own and speculate on these blockchain-based assets that are verifiable, indestructible, indivisible, and non-interoperable.

NFTs are digital tokens representing ownership of an asset that is scarce, whether a digital or physical item. Some of these items include real estate, in-game items, collectibles, soundtrack, and artwork.

Unlike cryptocurrencies such as Bitcoin (BTC), ApeCoin (APE), and [Ether (ETH)](/coins/eth), or fiat currencies such as the United States Dollar (USD), Euro, and the Great Britain Pound (GBP), these tokens cannot be exchanged for another.

This is because they come with unique attributes and traits that can be verified but do not have the divisibility of cryptocurrencies or fiat money.

Moreover, unlike digital assets, NFTs cannot be bought on exchanges (centralised and decentralised). Instead, you can find them on specially built online marketplaces.

## What are NFT Marketplaces? 

NFT Marketplaces are platforms where digital collectibles can be displayed, stored, traded, and minted in some cases. These marketplaces are to NFTs what exchanges are to cryptocurrencies and e-commerce websites such as Amazon and eBay are to goods and services.

To be eligible to partake in the activities of these marketplaces, you need to meet the following requirements.

Firstly, you must have a crypto wallet. There are several crypto wallets out there. You should also note that there are several NFT blockchains in the market, as of May 2022. Therefore, the onus falls on you to find a wallet that can access the blockchain network of the NFTs you wish to purchase.

A great example can be attributed to planning to buy or sell NFTs on the blockchain technology of Ethereum. You'll need a wallet like [MetaMask](https://metamask.io/) since it facilitates access to the Ethereum Network. In the same way, should you choose to buy or sell NFTs on other blockchains, you need to find wallets that grant access to those networks.

Secondly, you must have a certain amount of coins in the wallet. You cannot buy cryptocurrencies without fiat or other coins as deposits. In line with the same requirements, you need to deposit coins in your wallet before you can buy, sell, or mint a non-fungible token. More importantly, you will have to check the kind of cryptocurrencies supported by your preferred NFT marketplace before settling on a particular platform.

Lastly, you need to create an account. If you want to buy cryptocurrencies, you must create an account on exchanges that support a particular token. Inferring from the same activities you perform in the crypto space, you need to register for an account on the NFT marketplace of your preference.

In the crypto finance space, you can never do away with fees.

The same holds for listing and creating NFTs. You have to pay a blockchain network fee. There is a not a one-size-fits-all approach and, as a result, you should know your fee is dependent on the blockchain you use for your NFTs. Ethereum has the lion's share of NFT dApps, but it has relatively higher fees than other NFT blockchains.

## What are some of the NFT Blockchain Options?     

Ethereum is the most popular blockchain for decentralized finance (DeFi). Vitalik Buterin’s innovation has the largest blockchain by NFT sales volume. As of May 3, 2022, the total NFT sales volume generated by Ethereum was around $24.99 billion, per data retrieved from CryptoSlam.

This makes Ethereum the most popular chain to buy, sell, and create unique digital collectibles.

Aside from Ethereum, competing NFT blockchains include but are not limited to; Solana, TRON, Polygon, Flow (by Dapper Labs), Polkadot, Algorand, Avalanche, Ronin, BSC, WAX, EOS, Cosmos, Hedera Hashgraph, Cronos, Palm, Arbitrum, Panini, Tezos, Waves, and Fantom.

Interoperability is the hallmark of most of these blockchain systems. For example, you can use ERC20 tokens (Ethereum-based tokens) such as the United States Dollar Tether (USDT), the United States Dollar Coin (USDC), and Binance Coin (BNB), DAI, and others to buy Ethereum-based-non-fungible tokens.

On the other hand, blockchains such as Flow are not interoperable. You can only buy NBA TopShot NFTs with the native asset of the Flow ecosystem, FLOW.

## How Do These Marketplaces Work?

### Register for an Account 

Although there are slight differences when signing up for an account on an NFT marketplace, the main steps are similar.

It involves creating an account and connecting a supported wallet address to your preferred NFT marketplace.

Usually, you can find the "sign up" button at the top right-hand side of the homepage of an NFT marketplace.

Since you know the importance of holding onto your private keys and your passwords, you will be asked to input secret details of your wallet. Once done, your account will be fully set up.

### Buying a Non-Fungible Token 

There are several ways of buying an NFT. You can buy a digital collectible directly at a fixed price. What's more, you can buy an NFT through an auction. In some instances, owners of an NFT are open to negotiating the price of their digital collectibles.

### Selling a Non-Fungible Token 

Selling unique collectibles is more complicated than buying them. Selling NFTs is easy if you are reselling previously purchased items. Unfortunately, if you are selling something you have created, you need to go through a lengthy process.

•	Firstly, you have to upload an image of the digital art, tweet, or soundtrack onto your preferred NFT marketplace. Then you enter a fixed price for the NFT or entice buyers to battle for the piece through an action.
•	Secondly, verification of the NFT is done by the platform. If this is approved, the digital collectible will be listed for sale.
•	Lastly, once a seller accepts a bid for the NFT, the marketplace oversees the completion of the item's transfer from the buyer to the seller.

### Minting a Non-Fungible Token 

Ethereum is the best place to start if you are considering minting NFTs. You'll need an Ethereum wallet like Coinbase Wallet, TrustWallet, or MetaMask that supports Ethereum's token standard for NFTs.

Minting NFTs come at a cost. Therefore, you should have at least $50 in your wallet to cover Ethereum gas fees.
Once you have this, you can access NFT Marketplaces such as Mintable, Rarible, or OpenSea. A "Create Button" is typically found on the top right corner of most platforms.

Once you click on that button, you will be taken to a page where you can begin minting NFTs.

## What are some of the best NFT Marketplaces? 

There are several types of NFT marketplaces. Art-oriented and universal platforms dominate this market. Others, such as niche NFT marketplaces that list virtual real estate, digital collectible cards, and in-game items, are also preferred by millions of people.

Let us look at five of the most popular NFT marketplaces in addition to other honorable mentions.

•	OpenSea: • Launched on December 20, 2017, OpenSea is an online p2p marketplace where NFTs in the form of digital arts, in-game items, and other products can be bought and sold. As one of the most established universal NFT marketplaces, you can find domain names, virtual worlds, sports collectibles, and trading cards. It is the largest NFT marketplace by trading volume.
•	LooksRare: • Launched in January 2022, LooksRare has given strong competition to OpenSea. When you consider data from Dune Analytics, this NFT marketplace recorded more than $800 million in a single week in April. Having spent four months as a platform for buying and selling NFTs, Otherdeed, Bored Ape Yacht Club, and Mutant Ape Yacht Club are the top collections on Looksrare.
•	Foundation: • Founded in February 2021, Foundation has become the go-to NFT marketplace for several creators. This is the playground for collectors, curators, and artists to experience the new way of buying, selling, and minting digital collectibles. Some of the top-selling Foundation (FND) NFTs include Carpoolers, At World’s End, Lucid Journey, Faced Fears, and Arrived.
•	Rarible: • Launched in 2020, Rarible is one of the most patronized NFT marketplaces in the crypto stratosphere today. Data retrieved from Dune Analytics shows that Rarible trails only OpenSea, LooksRare, and Larva Labs in weekly volume. It is an NFT marketplace where millions of people create, sell, and collect digital items. It is one of the few NFT marketplaces controlled by community members through their ownership of RARI tokens. Some of the top collections include but are not limited to CyberBrokers, CloneX, Mutant Ape Yacht Club, Bored Ape Yacht Club, Invisible Friends, Dippies, Azuki, and Dour Darcels.
•	Nifty Gateway: • Founded in 2018, Nifty Gateway is one of the largest NFT marketplaces. This platform holds the record for the most expensive digital collection ever sold. For $69 million, Beeple sold its collection labeled Everydays: The First 5000 Days. Beeple also sold Crossroad for $6.6 million on this platform. Other best-selling digital collectibles include Tpunks and CryptoPunks.

## NFT Marketplaces: Honorable Mentions

Although the NFT marketplaces already mentioned are some of the best platforms to buy digital collectibles, they are not the only ones. Others, such as SuperRare, Larva Labs, GameStop, NFT Launchpad, Crypto.com, DraftKings, and WAX, have great collections.
 
## What are some of the best NFT art collections? 

Once you settle on the best NFT marketplace that can oversee your activities, you have to find an NFT collection to invest in.
Although there are hundreds of collections in the market today, Moni Talks would like to draw your attention to the top five NFT collectibles by all-time sales volume.

•	Axie Infinity: • This NFT marketplace hosts in-game characters from the play-to-earn game called Axie Infinity. On the platform, players earn rewards by breeding, battling, and trading digital pets called Axies. Axie Infinity’s game has become a source of passive income for millions of people. As of May 2022, Axie Infinity has surpassed more than $4 billion in sales volume.
•	CryptoPunks: • This is a collection of 10,000 unique punks. Each CryptoPunk is different and can be officially owned by a single person. It is one of the highest-selling digital collectibles. Overall, CryptoPunks has surpassed more than $2 billion in sales volume.
•	Bored Ape Yacht Club: • Mirroring CryptoPunks and other projects that came before it, BAYC comprises 10,000 unique bored apes. They come in the same template but have different accessories. BAYC is the third-highest selling NFT collectible with more than $2 billion in sales.
•	Mutant Ape Yacht Club: • Mutant Ape Yacht Club (MAYC) is the sister project of BAYC. As of the most patronized digital collectibles, it is the fourth-highest selling NFT with more than $1 billion in sales volume.
•	Art Blocks: • As a unique platform, this project helps you pick a theme or style you like and make payments. Then, a random generation version of your selected style will be created by an Art Block algorithm which will be forwarded to your Ethereum account. Millions of people have taken advantage of this technology. As of writing, Art Blocks as an NFT collection had more than $1.2 billion in sales.

Others deserving of honorable mentions include NBA Top Shot, Azuki, The Sandbox, Meebits, World of Women, Decentraland, Valuables, and Sorare.
 
 



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