Polygon

Polygon is sponsoring the Open AGI Summit in Cannes, focusing on the convergence of AI and blockchain technology. The event explores how artificial intelligence can enhance payment processing speeds on the Polygon network, potentially revolutionizing global money transfers. This follows Polygon's recent AI initiatives, including the AI Battle Royale partnership with Gitcoin featuring: - 2.7M POL rewards program - Focus on measurable ecosystem growth - Real-time performance tracking - Weekly reward distribution The summit builds on Polygon's commitment to AI integration, demonstrated by their previous successes where AI-powered memecoins captured 31% of crypto traffic with a $9.6B market cap.

AUSD, the native stablecoin of Agglayer, has expanded its utility across the network's ecosystem. Key developments include: - **Universal Interoperability**: AUSD now functions seamlessly across all connected chains - **Automatic Yield Generation**: All Agglayer CDK OP Stack chains can earn yield with AUSD by default - **Simplified Integration**: No custom infrastructure required for implementation This expansion makes AUSD a unified stablecoin solution for the entire Agglayer network, streamlining cross-chain operations and yield generation. [Learn more about AUSD deployment](https://go.polygon.technology/40CwlTB)

Circle has launched Cross-Chain Transfer Protocol V2 (CCTP) on Polygon PoS, bringing significant improvements to cross-chain USDC transfers. Key features: - Lightning-fast USDC settlements across chains - Smart contract integration via hooks - Capital-efficient 1:1 burn-and-mint mechanism - Circle's security backing Multiple platforms including BungeeExchange, CCTPMoney, and InterportFi now support CCTP V2. The protocol connects Polygon PoS to various blockchains including Arbitrum, Avalanche, Base, and Ethereum. Learn more at [Circle's CCTP page](http://circle.com/cctp)

Polygon has selected 33 projects as recipients for their Community Grants Program Season 2 Direct Track. These projects will receive support to develop solutions within the Polygon ecosystem. The grant program, which opened applications in January 2025 with a 35M POL allocation, focused on several key areas: - AI agents - Apps and infrastructure - DePIN (Decentralized Physical Infrastructure Networks) - Memecoin projects Independent Grant Administrators including @ai16zdao, @crossmint, @iotex_io, @thriveprotocol, and @gitcoin helped oversee the selection process. Individual project spotlights will be featured in the coming weeks.

Morpho Labs and Gelato Network have launched a new DeFi borrowing service on both Polygon and Scroll networks. The solution enables: - Crypto-backed borrowing without selling assets - No custody requirements or transaction signing - Zero gas fees and no credit checks - Instant borrowing and flexible repayment - Seamless integration within existing apps The service aims to simplify DeFi borrowing by removing traditional friction points while maintaining security. Users can deposit crypto assets and access loans directly through their preferred applications.

Agglayer has released version 0.3, building on their successful v0.2 testnet launch. The protocol introduces **pessimistic proofs** - a groundbreaking implementation for unifying EVM chains. Key features: - First-ever pessimistic proof system for cross-chain communication - Cryptographic safety guarantees for cross-chain balances - Secure message passing between different blockchain stacks The project has progressed from devnet through testnet, reaching this milestone slightly behind schedule. Development continues at [github.com/AggLayer](https://github.com/AggLayer).

Agglayer announces v0.3 upgrade, marking a significant expansion in cross-chain compatibility. The update will enable non-CDK chains to join the network, with Polygon PoS integration planned for Q3. Key improvements: - Enhanced pessimistic proof security - New chain-specific execution proof verification - Sub-10 second interoperability target - Expanded balance verification system The upgrade represents a crucial step toward chain-agnostic infrastructure, focusing on secure and rapid cross-chain communication. This development builds on previous pessimistic proof implementations, which went live on mainnet earlier this year.

**REX**, a regulated trading platform for tokenized real estate, has launched on Polygon PoS, marking a significant development in property investment accessibility. Key features: - First regulated secondary market for property-backed tokens - Enables fractional investment in residential, commercial, and luxury real estate - Built by DigiShares with U.S. regulatory approval - Offers low-cost, rapid settlement via Polygon - Plans for global expansion and Agglayer integration The platform addresses the longstanding liquidity challenges in real estate, the world's largest but traditionally illiquid asset class. [Read more on Cointelegraph](https://cointelegraph.com/news/tokenized-real-estate-trading-platform-launches-polygon)

The first round of invites for the DC Crypto Policy Bootcamp on October 24th has been sent out. There's still one week left to apply for this event, which aims to educate the industry on government and vice versa. Key points: - Co-hosted by Polygon Labs, Solana Foundation, Wormhole Foundation, and Stand With Crypto - Part of a two-series initiative: 1. Pre-election: Industry advocacy mobilization 2. Post-election: Educational effort for Congress To apply: - Be in Washington D.C. on Oct 24th - Have interest in blockchain advocacy - Want to advance policy landscape Submit your application: [Google Form Link] The organizers look forward to welcoming participants and advancing policy discourse.

Immutable zkEVM, powered by Polygon, is becoming the foundation for Web3 gaming. This development marks a significant shift in the blockchain gaming landscape: - **zkEVM Technology**: Combines zero-knowledge proofs with Ethereum Virtual Machine compatibility. - **Scalability**: Offers improved transaction speed and reduced costs for gaming applications. - **Ecosystem Growth**: Attracts game developers and players to the Polygon network. The phrase 'Slowly, then all at once' suggests a tipping point in adoption. As more games integrate this technology, we may see a rapid acceleration in Web3 gaming popularity and functionality.