Astar Partners With Polygon to Target Japan's Web3 Boom With New Scaling Solution

At the Token2049 conference in Singapore, Astar Network revealed it is joining forces with Polygon Labs to launch Astar zkEVM, a new Ethereum layer two scaling solution utilizing zero-knowledge proof technology. The collaboration aims to drive greater adoption of Web3 applications in the Japanese market and beyond.

Timeline of Astar, Polygon

Polygon, the Ethereum scaling solution, has released a trio of Polygon Improvement Proposals (PIPs) for its forthcoming 2.0 upgrade. The upgrade aims to create a network of interconnected Layer 2 chains, leveraging zero-knowledge proofs.

While polygon's effort highlight its efforts at facilitating mass adoption and exodus to blockchain, its native token is also at a pivotal point. MATIC has been quite bearish over the last few weeks

With Bitcoin teasing a comeback last night, MATIC Price struggles to tap into the bullish momentum as their prices continue to fall. Currently, trading at $0.50, the MATIC price displays a 0.32% intraday gain with an overall bearish trend. Following the breakdown of the $0.

MATIC price dipped to a new 2023 low of $0.50 on Sept 11, days after Binance confirmed it would delist Polygon Network from its NFT Marketplace. On-chain data analysis examines how the recent exchange inflows of 41 million tokens could intensify bearish pressure on MATIC's price.

Polygon Labs, a player in the crypto space, has employed a unique analogy to elucidate the concept of crypto staking to Senators Ron Wyden, a Democrat from Oregon, and Mike Crapo, a Republican from Idaho.

Binance NFT will halt The Sandbox NFT Staking Program on September 26, 2023, and suspend LAND NFTs for daily SAND rewards. All staked NFTs will undergo an unstaking process, with return expected by September 28, 2023.

Binance NFT Marketplace is a digital platform where users can buy, sell, and trade non-fungible tokens (NFTs). Operated by Binance, one of the world's largest cryptocurrency exchanges, the marketplace was launched on June 24, 2021. It offers a diverse range of digital assets, including art, collectibles, and virtual goods.

Binance NFT announces the end of The Sandbox NFT Staking Program and discontinuation of Polygon Network support, effective from Sept. 26, 2023. Binance NFT has announced significant changes to its platform.

As per a recent tweet from “Wu Blockchain @WuBlockchain,” Grab, often called the “Uber of Southeast Asia,” has added a Web3 crypto wallet to its platform. This strategic step, considering Grab's large user base, has the potential to boost the use of cryptocurrencies in Southeast Asia and beyond.

The founder of the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is responding to allegations that the Polygon Foundation deposited nearly $6 million worth of the digital asset on Binance.