Jump Crypto, Polygon Ventures, GSR contribute to Binance's $1 billion recovery fund

Binance's industry recovery fund has already attracted some big names, with the fund expected to operate for about 6 months. The post Jump Crypto, Polygon Ventures, GSR contribute to Binance's $1 billion recovery fund appeared first on The Block.

Timeline of Polygon

Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. The post Solana NFT marketplace Magic Eden expands multichain vision with Polygon integration appeared first on CryptoSlate.

Polygon's MATIC has been on a steady climb since Nov. 22. After starting the day at $0.78, it shot up 7% over the next day and a half to settle down to its current price of $0.84 as of writing on Nov. 23.

Magic Eden announced that it now supports NFTs minted on the Polygon network. Poly-based NFTs have seen more sales in the last month than their counterparts on Ethereum and Solana.

One of the leading cross-chain non-fungible token (NFT) marketplaces, known as Magic Eden, is integrating with the Polygon (MATIC/USD) network. Polygon's zkEVM has also crossed 14,000 transactions since its launch, indicating high network activity.

Even as the FTX-induced downward market continues, Polygon (MATIC) is closely following in the footsteps of its older relative ETH. Despite the bears' dominance this year, many in the cryptocurrency industry see 2023 as the final chapter following a period of uncertainty.

Polygon's zkEVM crosses 14,000 transactions since its launch  MATIC metrics looked in favor of a price surge in the coming days Sandeep Nailwal, the co-founder of Polygon [MATIC], recently posted an update regarding Polygon's zkEMV. According to Sandeep, the zkEVM recently crossed the 14,000 transaction mark, that too without downtime.

Is Magic Eden shifting away from Solana, or simply hedging their cross-chain bets? Regardless of motive, the NFT marketplace that has served as the top dog in Solana's NFT ecosystem is adding Polygon to the mix.

A leading cross-chain NFT marketplace, Magic Eden, is teaming up with Polygon network to accelerate blockchain-based games development, bringing the next billion users to the metaverse.

Magic Eden has added support for buying and selling of non-fungible tokens on the Polygon network. The post Magic Eden expands NFT support to Polygon network appeared first on The Block.

The cryptocurrency market cap saw net outflows of $15.1 billion over the last 24 hours and currently stands at $781.5 billion, down 1.9% over the reporting period. The post CryptoSlate Daily wMarket Update – Nov. 21: XRP, MATIC buck top 10 sell off appeared first on CryptoSlate.