1/ Dear Matic Network supporters and beloved crypto community,
Today is a big day for our project! 🤗
We are excited to announce that we are expanding our mission and technology scope and becoming Polygon - Ethereum’s Internet of Blockchains. 🦄💫
2/ We started Matic Network in 2017 with a vision to help create a better, open world, primarily by improving Ethereum infrastructure.
We believe Ethereum is the most promising and revolutionary tech project in the world, and we are committed to helping it reach mass adoption.
3/ And we have done our best to make that happen:
- We implemented two popular scaling solutions: Matic PoS Chain and Plasma Chains
- Onboarded 80+ applications
- Powered ~7M+ transactions for ~200k user addresses
- Secured $75M+ of users’ funds
- Awarded $1M+ to developers etc
2/💰Play to Earn! GameFi shifts the entire concept of free-to-play into the next generation of Play to Earn. Playing MOBOX’s ChainZ Arena game will allow you to earn $SOUL tokens, which you can freeze to earn daily drops in the form of $ETH, $EOS, and $TRX!
3/ 💎GameFi has developed a cutting-edge infrastructure for NFTs and yield farming to exist together. MOBOX’s innovative GameFi design allows users to not only reap the benefits of yield farming but also mint, collect and trade unique NFTs.
This is a significant moment for Uniswap, but also a time to address the issue of rising gas fees & how Matic can help Ethereum scale to ensure a bright future for #DeFi.
2/🙅♂️During the UNI issuance event, ETH gas prices reached highs of over 1000 GWEI for a ‘very fast’ transaction (~20 seconds), which caused huge congestion on the network leading to users reportedly spending over $20 per transaction in some instances.
3/🚧As the DeFi revolution continues its impressive upwards trajectory, the trickle-down effect will continue to cause the entire Ethereum ecosystem to experience an increase in transaction costs and slower confirmation times due to worsening network congestion.