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Web3 Digest | Week 29
- Polygon has announced the launch of a gaming and NFT studio called Polygon Studios
Polygon Studios will be a home for top builders, creators, artists, and investors in the NFT ecosystem and the go-to platform for IP Owners and large Web2 franchises looking to venture into Web3.
What can the #Polygon community expect from Studios?
- Handshake 360-degree building and launch support for - Blockchain games and NFT teams.
- Hundred points symbol Facilitating the launch of big brands and franchises on Polygon.
- Play to Earn opportunities for gamers.
- Reddit has announced that it is now using scaling solution Arbitrum to scale its Ethereum-based community points—tokens called Moons and Bricks.
- Arbitrum is one of the several “rollups” that are currently being developed for Ethereum. In essence, they aim to take some of the load off Ethereum’s main network by executing transactions off-chain.
- Ultimately, the integration should help speed up transactions of Moons and Bricks and even reduce gas fees.
- Reddit’s team found Arbitrum’s technology “to be the most promising scaling technology for Community Points.”
- the Reddit team highlighted its decentralization, developer-friendliness, and broad ecosystem support.
-- decrypt.co
- Sam Bankman-Fried’s FTX exchange has raised the largest funding round in crypto history.
- The exchange’s $900 million Series B round included more than 60 investors, including Paradigm, Ribbit Capital and Sequoia
-- coindesk.com
- Tron, Stuck in Polygon’s Shadow, Deserves Its Own Place in the Sun, Founder Says
- in the 30-day period ended on July 19, decentralized exchange (DEX) JustSwap – Tron’s version of Uniswap on Ethereum – gained about 200,000 unique users, an increase of more than 200% compared with a 1% increase in the same time period on QuickSwap, the most popular DEX on Polygon.
- Sun told CoinDesk that he does not view Tron as a potential competitor to blockchains like Binance Smart Chain or Ethereum.
-- coindesk.com
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