Polygon

The Village Community Grants powered by Quadratic Funding (QF) on Polygon have received over 30,000 donations and more than $230,000 in funding. The funds will be distributed to projects in the ecosystem once checks are completed. The breakdown of Village Community Grants #1 shows a matching pool of 130,000 MATIC with 23 participants and a total donation amount of $41,907.11. The report on Polygon #1 had a matching pool of 250,000 MATIC with 202 participants and a total donation amount of $190,000+. The community is praised for their support of the Polygon ecosystem.

The Etrog upgrade for Polygon zkEVM is set to go live on the mainnet, making it the first ZK rollup to achieve this milestone in less than one year. This upgrade will transform the network into a Type 2 ZK-EVM, allowing developers to deploy their code on Polygon zkEVM without any modifications. The upgrade is expected to improve network efficiency and overall throughput, providing a smoother experience for end users. No action is required for users to continue using Polygon zkEVM once the upgrade is live.

Next week, Polygon will be covering the topic of Real World Assets (RWAs) on their platform. RWAs are digital tokens on the blockchain that represent physical and traditional financial assets, such as collectibles, commodities, equities, and bonds. The coverage will include discussions with various guests from companies like PyseEarth, Polytrade_fin, ClearpoolFin, eesee_io, AtlendisLabs, thecolonyxyz, openchrono, useteller, mindnetwork_xyz, and ScottFooMusic.

Polygon Labs has announced the first two projects that will be supported by their Web3 Music Accelerator, namely OnlywithMITH and MUUS Collective. These projects, along with others, will receive support from a team of ecosystem collaborators including 4everland_org, BloctoApp, CertiK, CoinflowLabs, crossmint, decentxyz, GetRevelator, opolis, privy_io, tatum_io, thirdweb, wonderverse_xyz, and 0xZeeve.

The Polygon community aims to drive the mission of tokenizing the world through real world assets and use cases. Visitors can find them in the Ondo Rolodex.

The Polygon CDK now offers a simple and clear process for building Ethereum Layer 2 solutions. Implementation Providers (IPs) and Solution Providers (SPs) assist in launching L2 chains by offering Rollup-as-a-Service solutions and crucial infrastructure. The updated SPN platform enables easy discovery and connection with IPs and SPs for a smooth setup of L2 chains.

The Electric Capital Developer Report reveals that Polygon PoS is the second most popular chain for first-time developers, after Ethereum. The report also highlights that 30% of developers are now supporting more than one chain, with Polygon PoS being one of the most cross-pollinated with Ethereum. Despite a decrease in the overall number of developers, there are now 22k monthly active developers with a global presence. The report showcases the vibrant developer activity in the Ethereum ecosystem and the growing deployment to Polygon PoS and Polygon zkEVM.

BlockInvest announces two tokenization initiatives on Polygon PoS, aimed at opening the distressed credit markets in Italy. The initiatives include onchain digital note issuance by 130 Servicing and tokenizing distressed credits secured by real estate mortgages by Davis & Morgan. Tokenization on Polygon PoS is part of a broader movement for disintermediation and ease-of-access. It has already seen institutional adoption with the launch of Libre, a dedicated web3 infrastructure for the distribution of alternative asset funds.

Hypr Network has integrated with Polygon CDK to create a gaming blockchain tech stack that is customizable and suited to the diverse needs of players. Hypr will leverage zero knowledge gaming tools to provide enhanced data privacy and security for gaming applications, including zero knowledge-based gaming SDKs. The team will also contribute to the Polygon CDK open-source stack by developing a multi-backend DA service and expanding the library with functionalities such as shuffling and anonymous transfers.

Polygon Labs has been chosen to be part of the Tokenized Asset Coalition (TAC), which aims to create a more open and transparent financial system. Polygon Labs will contribute to this vision by providing institutional-grade ZK scaling solutions to help bring trillions of dollars worth of assets onto the blockchain.