Polygon has published a report summarizing its achievements in 2022 and presenting expectations as well as plans for 2023.
In the report, Polygon said “we are on a relentless pursuit of mass adoption for public blockchains, creating an infrastructure so essential that access to it will be considered a basic human right. In 2022, our grit, humility and constant focus on building are showing traction.”
The Ethereum Layer 2 solution also claimed in the report: “what we collectively accomplished in 2022 can be summarized in a single word: “impact””.
In fact, Polygon has had a very successful year, having achieved some truly remarkable milestones, a few of which are listed below:
- 778,000 smart contracts deployed on the Polygon network, a 152% growth over 2021
- 234,000 contract creators (+637% YoY).
- 200,000,000 total unique addresses (+54% YoY).
- 960,000,000 successful transactions processed.
- 60,953 tons of carbon eliminated from the Polygon network’s annual CO2 footprint by Ethereum’s Merge
- Polygon zkEVM- a “ultimate scaling solution” has been brought to a testnet phase.
Additionally, in 2022 Polygon was successful in convincing the biggest and well-known companies to build their web3 experience on Polygon. The list includes Adobe, Disney, Meta, NFL, NuBank, Reddit, Robinhood, Starbucks and Nike.
Following are some specifics of these engagements:
Reddit’s digital collectibles powered by Polygon, which was first introduced in August, led to Reddit users minting more than 5 million Collectible Avatars, raising over $10 million in revenue. Redditors created more than 4 million blockchain-based Vault wallets.
Meta also began testing a digital collectibles feature on Instagram in May, allowing select U.S. creators to share NFTs that they have created or bought.
In September, Robinhood selected Polygon as the network of choice for launching their Web3 wallet Beta.
In December, Starbucks partnered with Polygon to build a Web3-powered experience in its Starbucks Odyssey program. This allows its Rewards loyalty program members and Starbucks partners in the U.S. to earn and buy digital collectible stamps in the form of NFTs.
According to Polygon, which is “on the front lines of developing new use cases for blockchain,” token sales will soon be used for many more purposes other than just for fundraising. For examples:
- Focusing on gaming developments with better onboarding and UX; realizing some of the plans for gaming that were already announced last year.
- Digital identity in Web3 will be portable instead of app specific, controlled by the user instead of a corporation, and live on the blockchain instead of a private database.
- The open, programmable, and decentralized social graph known as Lens Protocol promises to enable users to have more control over platforms which means people will have control over their data, connections and content.
- Mercedes-Benz’s Acentrik is building a decentralized data marketplace that will make it easy for enterprises to share and monetize data across domains.
- Polygon predicts that 2023 will be a year of Defi. We will see a new appreciation for Defi after recent financial shocks that knocked out centralized players. Therefore there will be many more new entrants who will join in Polygon to discover Defi’s applications.
- Polygon also projects the application of blockchain in “weeding out fraud and corruption” in 2023. One of the examples is the police in India’s Uttar Pradesh state are putting public complaints on a blockchain to ensure transparency and root out corruption and bureaucratic inefficiency.
To conclude the report, Polygon showed pride in its accomplishments in 2022 and promised to keep up the good work in 2023, especially in bringing “the largest Fortune 500 companies to Web3” and laying “the technical foundations for future growth”.
—
Some more information about Polygon:
Polygon is the most widely adopted layer 2 solution for Ethereum. Unlike Ethereum, which is limited to 13–17 transactions per second (TPS), Polygon can execute up to 7,000 TPS, making it comparable to Visa.
As a proof-of-stake (PoS) network, Polygon relies on MATIC tokens to verify transactions.
At present, there are more than 53000 Dapps running on Polygon ranging from lending, borrowing, and blockchain gaming to NFT marketplaces, gambling etc. This is a big growth from 900 Dapps in April 2022.
A decade after Kyoto University biologist Shinya Yamanaka was awarded a shared Nobel Prize for discovering a cocktail of proteins that reprogram adult cells into versatile stem cells, two teams argue that the proteins can turn back the clock for entire organisms, perhaps one day humans, by reprogramming adult cells into versatile stem cells.
A nine-person jury was seated Tuesday to hear whether Tesla CEO Elon Musk defrauded investors by claiming in 2018 tweets that he had secured financing to take the electric automaker private. In the case of Tesla, Musk’s tweets fueled a stock price rally that abruptly ended a week later when it became clear that Musk did not have the funding for a buyout after all.
Tômtex- a company owned by a Vietnamese turns seafood shells and coffee grounds into garment leather
Tômtex, a flexible bio-material created by Vietnamese designer Uyen Tran from seafood waste, is a substitute to leather that can be embossed with a variety of designs. The word “Tôm” in its name, which in Vietnamese means “shrimp,” alludes to the leftover food that is combined with coffee grounds to make the textile.
According to reports, Vall-E, a new language model from Microsoft, can mimic any voice using only a three-second sample
Shopee Express won The Best Delivery Application award at the recent Vnexpress Newspaper’s Tech Awards 2022, beating out other nominees like Giao Hang Nhanh, Giao Hang Tiet Kiem, Lazada Logistics, and Ninja Van.
The company that owns Uniqlo, Fast Retailing Co, announced on Wednesday that it would increase yearly pay for full-time workers in Japan by up to 40% in an effort to retain and inspire personnel as the nation deals with the fastest-pacing inflation in decades.
Goldman Sachs has just published its “Global Economics Paper: The Path to 2075 — Slower Global Growth, But Convergence Remains Intact” which reveals the organization’s projections on the global economy’s major themes and EM and DM growth to 2075.
The effects that ChatGPT has had on us seem to be continuing to grow and develop in more intriguing ways every day. Tarry Singh, CEO of Deepkapha AI Lab and an AI researcher, recently shared his findings on the several apps that used ChatGPT to simplify our lives.
The Tesla and Twitter CEO lost so much of his fortune in the last year that Guinness World Records recognized him the person with the “largest loss of personal fortune in history.
Son Doong Cave in Vietnam, known as one of the largest caves in the world and for its unique beauty, has been selected as one of the most incredible caves in the world by The Travel a Canadian Magazine-.
-
Cultural differences between the East and the West
-
Vietnam received recognition in the 29th World Travel Awards in numerous categories
-
Vietnamese dishes that fascinate foreigners
-
First NFT vending machine in the world is now operational in New York
-
The LEGO Group today began construction on a new $1 billion factory in Binh Duong, Vietnam
-
19 DeFi Startups To Watch

Google followed Microsoft’s announcement of a 10000 employee layoff with a 12000 employee layoff

Casio’s stock price plummeted after announcing the brand’s partnership with Gérard Pique

Google followed Microsoft’s announcement of a 10000 employee layoff with a 12000 employee layoff

Two research teams reverse the signs of aging in mice, raising the hope for similar results in humans.

Most popular Christmas sweets in the world

American Thanksgiving traditions and festivities

Son Doong Cave in Vietnam was selected by The Travel as one of the Top 10 Most Incredible Caves in the World

Things you should know when visiting Sapa, Vietnam

Vietnam’s Tech Awards 2022: Shopee Express won The Best Delivery App award while Lazada was recognized as The Best E-commerce Platform in 2022

Uniqlo owner increases pay in Japan up to 40%

Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

Talks with Leaders, Special episode: Blockchain meets Metaverse, featuring business leaders, investors, tech experts and global influencers

This innovative AI can imitate your voice of any tones and emotions using just three seconds of your audio.

Google followed Microsoft’s announcement of a 10000 employee layoff with a 12000 employee layoff

Nike has unveiled “.Swoosh”, a new web3 platform to sell NFT-based products and virtual clothing

Polygon claims 2022 a “Breakout Year” and predicts major trends for 2023

The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.

Son Doong Cave in Vietnam was selected by The Travel as one of the Top 10 Most Incredible Caves in the World

Tômtex- a company owned by a Vietnamese turns seafood shells and coffee grounds into garment leather

Estée Lauder- the story and philosophy behind the success of a leading beauty brand

Is OEM advertising the next disruptive solution that helps businesses win customers?

Estée Lauder- the story and philosophy behind the success of a leading beauty brand

Most popular Christmas sweets in the world

American Thanksgiving traditions and festivities

Vietnam’s Tech Awards 2022: Shopee Express won The Best Delivery App award while Lazada was recognized as The Best E-commerce Platform in 2022

Uniqlo owner increases pay in Japan up to 40%
- Google followed Microsoft’s announcement of a 10000 employee layoff with a 12000 employee layoff - January 21, 2023
- Casio’s stock price plummeted after announcing the brand’s partnership with Gérard Pique - January 19, 2023
- Two research teams reverse the signs of aging in mice, raising the hope for similar results in humans. - January 19, 2023