SK Telecom and Polygon Labs partner to build Web3 ecosystem

SK Telecom (SKT) and Polygon Labs have entered into a strategic partnership to build a flourishing Web3 ecosystem.

The signing ceremony for the agreement took place at SK Telecom's headquarters in Seoul and was attended by Oh Se-hyun, Vice President and Head of Web3 CO at SKT, and Marc Boiron, CEO of Polygon Labs.

The agreement outlines several key initiatives that SK Telecom and Polygon Labs will jointly undertake.

A highlight of this collaboration includes...

21 August 2023 | Altcoins

DappRadar: Dapps industry grew almost 10% in May

According to the latest report from DappRadar, the decentralised apps (dapps) industry is picking up pace.

This May, the industry saw an almost 10 percent increase in daily unique active wallets (dUAW), averaging an impressive 1,967,051 dUAW.

Key sectors, like gaming and decentralised finance (DeFi), continued to exhibit promising signs of growth and stability—further asserting the importance of this thriving industry.

The gaming sector continued its reign as...

5 June 2023 | Altcoins

Polygon implements hard fork to reduce gas spikes

Blockchain

Ethereum layer-2 scaling solution Polygon has undergone a hard fork to reduce gas spikes and address issues that have impacted users on its proof-of-stake (PoS) chain.

The fork was code into block 38,189,056 and no centralised actor initiated the shift. Polygon informed validators that they would have to update their nodes earlier this week.

https://twitter.com/0xPolygon/status/1615370181630652417

87% of the 15 voters making up Polygon’s governance team voted in...

17 January 2023 | Blockchain Applications

Nike deepens its web3 presence with .SWOOSH platform

Nike is going deeper down the web3 rabbit hole with the unveiling of its own platform.

The iconic brand is launching .SWOOSH (pronounced “dot swoosh”), a platform where fans can buy – and even co-create – virtual items.

“Web3 digital technology has opened the door for creators and collectors like never before (shoutout to our friends and mentors at RTFKT for leading the charge and helping us understand what’s even possible),” the company explained in a blog...

15 November 2022 | Blockchain Applications

Polygon decentralised apps increase to 37,000, up 400% in 2022

Ethereum

Layer 2 Ethereum scaling platform Polygon has seen more than 37,000 decentralised applications (dApps) developed on its network, a 400% increase since the start of 2022.

The figures were sourced from partnered Web3 development platform Alchemy and represent the cumulative number of applications ever launched on both the Polygon testnet and mainnet.

In terms of active developer teams, Polygon reached 11,800 at the end of July, up 47.5% since March.

The project...

11 August 2022 | Blockchain Applications

Polygon raises £332m for its Layer 2 Ethereum solutions

Web3

Polygon, an ecosystem of Ethereum scaling solutions, has raised $450 million (£332m) through a funding round led by Sequoia Capital India.

Known as a Layer 2 or side-chain network, Polygon runs on the Ethereum blockchain trying to solve scaling issues, bottlenecks, high fees, and other issues that hinder mass adoption.

Titan venture capital (VC) firms such as Tiger Global and SoftBank also participated in the network’s first ever major financing round, a shock...

8 February 2022 | Enterprise