Increase in transactions, new collaborations and more
Despite the problems that came with 2022 for the crypto space, Polygon enjoyed steady growth in many sectors, with a record number of transactions and new collaborations.
THE YEAR…
📢 Announcements
🛠 Construction
🌐 Developers
🤝🏿 Community
🚀 DeFiWHEN BUILDERS DELIVERY.
2022 #onPolygon pic.twitter.com/c42hm3u081— Polygon – MATIC 💜 (@0xPolygon) 20 December 2022
As reported, Polygon facilitated over 960 million transactions and deployed 778,000 smart contracts with 234,000 contract creators.
As of 26 December, there are over 202 million unique addresses on the blockchain. Polygon also claimed to eliminate about 600,000 tons of carbon. In addition to these achievements, a number of transformative innovations have been launched on the blockchain as adoption continues to grow.
Below is a highlight of notable developments for the Polygon ecosystem in 2022.
Disney Accelerator Program 2022
In July, Polygon was selected as one of the six firms to participate in the Disney Accelerator Program 2022 and the only blockchain-oriented firm selected for the program.
The Disney Accelerator Program is a business and development-oriented initiative established to accelerate the growth of innovative businesses globally using Augmented Reality (AR), Non-Fungible Tokens (NFT) and Artificial Intelligence (AI) technologies.
Reddit NFTs increase with polygon
Despite some Reddit users being anti-crypto, the Reddit NFTs were among the most important announcements this year. In October, Reddit released “Collectible Avatars” based on its Snoo mascot.
Over 3 million wallets had been created on Polygon to receive the NFTs in a few months, according to a Reddit leader. Furthermore, more than 5 million colored avatars have been created with over 4.3 million unique wallets.
Polygon and Meta
In November, Meta launched a toolkit for Instagram users to create and sell NFTs based on the Polygon blockchain. Worth noting that Polygon emerged as the first partner of Meta for the new feature.
As revealed, content creators on Instagram will be able to design and sell their digital collectibles on and off Instagram.
Dive into blockchain gaming through Magic Eden
Another dive into the NFT space saw Polygon emerge as the third supported chain on popular NFT marketplace Magic Eden.
Through the integration, Magic Eden will also support game developers and content creators in the Polygon ecosystem.
Collaboration with Phantom
Non-custodial wallet Phantom added browser, Android and iOS support for Polygon last November.
Phantom joined the league of a number of projects in the industry pushing towards a multi-chain future. The integration provided users with a simplified, secure and seamless way to use NFTs and decentralized applications.
NIKE’s journey into the virtual asset sector with Polygon
Nike launched its digital asset platform, the Swoosh, with assistance from Polygon, to further establish its presence in the Web3 space on November 14.
In the announcement, Nike stated that Swoosh virtual apparel is usable for RTFKT avatars. RTFKT is another well-known developer team in the Web3 space Nike acquired in 2021.
Starbucks loyalty program
In another development, Popular Coffee shop Starbucks launched through Polygon its loyalty rewards platform in December.
In particular, the coffee chain giant provided ways to earn loyalty rewards for customers as they participated in an interactive engagement known as a “journey.” The Journey as an interactive session aims to project the company’s brand and educate customers about the history of Starbucks and Coffee.
The rewards are digital collectible stamps in the form of non-fungible tokens (NFT).
Collaboration with Flipkart
In December, Polygon expanded its reach into the e-commerce space in India through Flipkart. The two firms partnered to build a blockchain e-commerce hub.
Polygon reports that the center will focus on e-commerce research and development in the Web3 and metaverse, exploring the future of shopping and being online.
Other landmark developments
Finally, projects such as Robinhood, Wild Card, Midnight Society and One Planet Lending Solution enjoyed the contribution of Polygon to their respective projects.
Additionally, Polygon is also developing its three zero-knowledge secure (zk) scaling programs to support its growing mainstream adoption ambitions. Using such solutions, transactions are rolled up on a separate chain and then committed to Ethereum, enabling much higher transaction speeds.
The Polygon zkEVM was revealed last July and the testnet was launched in October, with the team claiming it was the first zkEVM with a public testnet to produce ZK proofs.
