Polygon Hosts Major AI Agent Hackathon While AlloyX Launches Tokenized Money Market Fund

**AlloyX has launched RYT**, a tokenized money market fund on Polygon, marking a significant step in bringing traditional finance to DeFi. **Key Details:** - Fund operates on Polygon network for lower costs and faster transactions - **Standard Chartered Bank** provides institutional-grade custody services - Offers regulated money market fund exposure through blockchain technology This collaboration represents a **bridge between traditional banking and DeFi**, allowing investors to access money market returns while benefiting from blockchain efficiency. The partnership leverages Standard Chartered's regulatory compliance and custody expertise, potentially attracting institutional investors seeking familiar safeguards in the crypto space.

**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.