💰 AlloyX Launches RYT Tokenized Money Market Fund on Polygon with Standard Chartered Custody

**ETHGlobal New Delhi Hackathon Results** Polygon hosted a successful hackathon focused on AI agents and payments, attracting significant developer interest: - **64 projects** built by **550 hackers** - **15,000 transactions** processed via x402 - Three payment facilitators now live on Polygon **Top 5 Winning Teams:** - [Autonome](https://ethglobal.com/showcase/autonome-d8cxe) - [Director AI](https://ethglobal.com/showcase/director-ai-1gsss) - [Instant](https://ethglobal.com/showcase/instant-kopi2) - [ZKred Agent ID](https://ethglobal.com/showcase/zkred-agent-id-4aesd) - [ad-402](https://ethglobal.com/showcase/ad-402-5bnqt) **AlloyX Launches Real Yield Token (RYT)** AlloyX introduced a tokenized money market fund on Polygon with institutional-grade features: - **Daily cycles** with T+1 settlement - **Recursive looping** - RYT can be supplied as collateral and borrowed against - **Low fees** and near-instant finality - **Onchain transparency** with selected data published The collaboration between Polygon Labs and AlloyX focuses on DeFi integrations and institutional adoption, combining compliance requirements with onchain speed. [Full announcement](https://polygon.technology/blog/alloyx-launches-tokenized-money-market-fund-real-yield-token-ryt-on-polygon)

**Bitget Wallet has become the first wallet to offer daily gas-free transactions on Polygon**, eliminating transaction costs for users. **Key features include:** - 3 free transfers per day - 3 free trades per day - Multi-chain support across Polygon, Solana, Base, Arbitrum, and Tron This development addresses one of crypto's biggest barriers - **transaction fees** - making blockchain interactions more accessible to everyday users. The move represents a significant step toward mainstream adoption by removing the friction of gas costs that often deter new users from engaging with decentralized applications.

**Polygon Labs expands collaboration with Immutable** to launch a dedicated gaming hub on Immutable Play. **Key Launch Features:** - Five AAA games going live on Polygon Hub - $100K reward pool for platform quests and leaderboards - 250k+ monthly users and $40M TVL already established **Future Development:** Native Agglayer integration will connect Immutable zkEVM, enabling **crosschain gaming** and digital asset portability across multiple chains. This partnership aims to accelerate web3 gaming adoption through higher-quality games and enhanced user rewards. [Read full details](https://polygon.technology/blog/immutable-teams-up-with-polygon-labs-to-launch-dedicated-gaming-hub-with-agglayer-connection-coming-soon)

**Sandeep Nailwal**, co-founder of Polygon, made a bold declaration at Token2049 conference: *"Physical native money is dead. Long live digital native money."* The statement reflects the growing momentum behind **digital currencies** and blockchain-based financial systems. Nailwal's proclamation comes as traditional financial institutions increasingly adopt digital payment solutions. - Digital money offers instant, borderless transactions - Lower costs compared to physical cash systems - Enhanced security through blockchain technology - Growing institutional adoption worldwide This marks a significant moment in the **evolution of money**, with industry leaders openly declaring the transition from physical to digital-first financial systems.