Polygon Updates | Acentrik Launch | August Week 1

Polygon (MATIC) is one of the top layer 2 ETH scaling solutions available today. So, to keep our readers informed of happenings in the MATIC ecosystem, we have compiled some of this week's top Polygon updates.

Timeline of Polygon

Serenade- “Will of the People,” the eighth studio album by vulnerable rock band Muse, will be released as NFT on August 26 and is expected to be the first song to hit the charts in both the UK and Australia.

The Polygon unique addresses number increased by 12% in the second quarter and the huge growth of the bridge aggregators only shows a wave of user migration from Ethereum to Polygon so let's have a closer look at today's latest blockchain news.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart.

Polygon MATIC/USD has advanced from $0.45 to $0.99 since the beginning of July 2022, and the current price stands at $0.93 Polygon solves pain points associated with blockchains Polygon is a platform for Ethereum scaling and infrastructure development that aims to improve the speed and reduce the cost and complexities of transactions on blockchain networks.

In early 2021, Matic, an Ethereum infrastructure project, rebranded to Polygon. Development teams of Ethereum apps can use Polygon's workarounds, which concentrate on the architecture of the Ethereum network, to accomplish things faster and more securely.

Danish blockchain platform Vleppo and US-based plant genome biotech firm Allele Group have used blockchain technology powered by Ethereum (ETH) scaling solution Polygon (MATIC) and Komodo Protocol to enable monetization of cannabis plant IP.

The DeFi development space is alive and well, with the newly announced accelerator program from Orbs & Polygon: DeFi.org. The group announced that four projects will get support from the program.

[PRESS RELEASE – Please Read Disclaimer] FrontFanz isn't taking any breaks. After coming out in the open, this platform successfully closed a strategic investor round and a private sale round.

On Wednesday, July 27th, Polygon, an Ethereum scaling solution, released a semi-annual report detailing its progress since the start of 2022. This blog also highlighted some of the network's plans for the second half of 2022.

Daimler South East Asia, part of the Mercedes Benz Group, introduced a blockchain-based data sharing network called Acentrik that is specifically designed for corporate users. The new project will let businesses purchase and sell data in a decentralized setting.