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Will Polygon Be The Substitute To Ethereum’s Ebbing Legacy?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Dec 20, 2021

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Highlights

    Polygon strides to the spotlight as the protocol evolves as the go-to chain for adoptions.

    Uniswap labs will be deploying the Uniswap v3 contracts on Polygon.

The residents of the crypto town are ever ebullient as the year is nearing its last leg. With a new year homeward-bound in just 11 days from now. While the market is stuck in a maze set by the bears. Numerous protocols have been beating the blues, whilst scripting historic events which are salutary for the entire crypto fraternity.

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Polygon has been one of the contenders, which has been failing not to impress the coin market crowd. The Platform has been welcoming numerous emerging projects in the industry. The count of the influx of projects in the protocol has been staggering to not one but many. In addition, a major adoption comes from the Uniswap labs deploying the Uniswap v3 contracts on Polygon.

Is Polygon On A Mission To Surmount Top Chains?  

Polygon’s stupendous trajectory over the past year has been lauded by tech-savvies and critics in the industry. The ecosystem has been brewing multiple initiatives which have been excelling against its counterparts. Instadapp a cross-chain De-Fi management protocol announces the support of debt migration between Ethereum and Polygon. 

This will be a significant step in growing the Ethereum ecosystem and building a cross-chain interoperable Defi. Uniswap labs will be deploying the Uniswap v3 contracts on Polygon. The poll conducted by Uniswap that ended on the 18th of December 2021, saw 72,126,216 in favor of the deployment on Polygon, while 503,009 votes do not favor the initiative.

The initiative will be funded by a $20 million fund, out of which $15 million will be assigned for a long-term liquidity mining campaign. While $5 million for the overall adoption of Uniswap on Polygon. The Sandbox’s SAND staking will be coming to Polygon. It would see 500k SAND being added weekly for the first month and 300k SAND thereafter. 

Polygon’s Foray Into Gaming And Social Media?

Seven Seven Six is teaming up with Polygon to explore newer projects creating the future of social media and Web3. The joint venture will be investing $200 million for the initiative. With the aim to explore better ways for humans to virtually connect by backing projects. Those are built with social media and Web3 under consideration. 

Indigg, a sub DAO incubating play-to-earn gaming talent in India, will be backed by Polygon studios and Yield Guild. Gamers from the peninsular country could experience the riches of play-to-earn gaming. The initiative could pave way for more to join the league. The protocol’s foray into the play-to-earn gaming sector could accompany an influx of users.

Collectively, the Polygon network has been making impressive moves with the number of adoptions, integrations, and collaborations. The team has been making necessary resolutions to solve the bugs in the protocol, which has been instilling faith in the community. Industry savvies believe Polygon to lead the decentralized metaverse at the forefront, with the maximum projects being based out of Polygon.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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