EddieJayonCrypto

 19 Jun 24

tl;dr

Sandeep Nailwal, co-founder of Polygon (MATIC) network, announced partnerships with Ronin Network and Fox News. Ronin Network will utilize Polygon's Chain Development Kit (CDK) to create zero-knowledge Ethereum Virtual Machine (zkEVM) layer-2 chains for its gaming platform. Fox News will also launch...

Ronin Network has partnered with Polygon to utilize its Chain Development Kit (CDK) for creating zero-knowledge Ethereum Virtual Machine (zkEVM) layer-2 chains. This move aims to enable the permissionless deployment of games on the blockchain, marking a major step towards infinite scalability and faster onboarding of new games.


Additionally, Fox News will launch a layer-2 blockchain using the Polygon CDK, transitioning its open-source protocol Verify to a dedicated ZK blockchain. Gelato and TIME are set to leverage Verify on the newly deployed chain.


Sandeep Nailwal, co-founder of Polygon (MATIC) network, expressed excitement about the blockchain's growing adoption, highlighting partnerships with Ronin Network and Fox News. Despite a decrease in trading volume, MATIC, the native token of Polygon, surged 4.2% to $0.5739 and remains among the top 20 largest cryptocurrencies by market capitalization, valued at $5.68 billion.


Nailwal also noted that Ronin Network, the blockchain behind the popular game Axie Infinity, will utilize the Polygon Chain Development Kit (CDK) to create its own zero-knowledge Ethereum Virtual Machine (zkEVM) layer-2 chains on Ronin. Fox News will also utilize the CDK to launch a layer-2 blockchain, with Verify transitioning to a dedicated ZK blockchain.


As per the data from CoinMarketCap, MATIC, the native token of the Polygon blockchain, surged 4.2% in the past 24 hours, reaching $0.5739, despite a 16.47% decrease in trading volume to $363 million. MATIC remains among the top 20 largest cryptocurrencies by market capitalization, valued at $5.68 billion.


In the past 24 hours, the token fluctuated between a low of $0.5148 and a high of $0.5753. MATIC is 80.44% lower than its all-time high of $2.92, seen two years ago.

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