Polygon Labs explains crypto staking to U.S. senators through apple orchard reference

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.

Timeline of Polygon

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.

The Korean company Mirae Asset Securities has closed a partnership with Polygon Labs, focusing on the growth of tokenized securities networks. Under the partnership, Polygon Labs will work as a Mirae Asset Security Token Working Group consultant.

Nansen, who was responsible for labelling these wallets, claimed that these addresses showed strong links to Polygon, however it removed the label after Polygon CEO's public refute.

Casio Computer Co., Ltd. has announced the launch of its Virtual G-Shock project, a global community platform designed to connect users of its iconic G-Shock line of durable watches.

Japan's popular watch brand Casio has partnered with Polygon Labs, the Layer-2 scalability platform of the Ethereum blockchain network, and will launch the virtual G-SHOCK watches on Polygon's protocols. Thus, the watchmaker also plans to launch an NFT-based collection of community access passes.

Polygon ($MATIC) has announced its Dragon Fruit upgrade on September 10, ForkID5, which introduces the latest Ethereum opcode, PUSH0, and a non-critical RLP parsing bug fix. The upgrade will be implemented on Polygon's zkEVM Mainnet Beta, with a 10-day timelock for users and developers.