🍨Polygon's Secret Strategy to Dominate Onchain

Once again, we’ve sifted through the noise and the never-ending streams of onchain chaos to bring you the crème de la crème of onchain news that you might have missed. Through the dense jungle of crypto updates, some groundbreaking stories and game-changing trends have been spotted. We’ll let you read about them.

Coverage:

• Polygon’s vision for Polygon 2.0

• Siemens and Samsung latest onchain move

• A new model for NFTs?

• A CharmVerse-launched project coming soon 👀

Polygon 2.0: The Big Vision for a Unified onchain World

When you hear about Polygon 2.0, just picture a massive tech upgrade party where everything is invited. Polygon's latest vision is all about uniting the entire onchain universe, including those pesky siloed blockchain networks. Enter AggLayer—the ambitious cross-chain interoperability protocol that’s set to connect every blockchain from Ethereum to Solana.

Marc Boiron, the CEO of Polygon Labs, explains it best: “When you think of Polygon 2.0, you need to bring together the idea of thematic to pull upgrade together with Polygon CDK to allow for that infinite scalability and then the AggLayer to unify all of it.” Sounds like Polygon is ready to throw down the ultimate tech gauntlet.

On September 4, Polygon made headlines with a key technical upgrade. The MATIC token has morphed into the Polygon Ecosystem Token (POL). This “hyperproductive” token is designed to fuel the network’s growth and bring the grand vision of Polygon 2.0 to life.

So, what’s the deal with AggLayer? Unlike other solutions that play favorites with their own ecosystems, AggLayer aims to connect the entire onchain landscape. Boiron puts it simply: “It’s not just about L2s, it’s not just about L1s. It’s not just about Ethereum. It’s about literally bringing it all together.” That’s right, they’re going for the whole enchilada.

Why is this a big deal? Fragmentation between major blockchains is a growing headache for users. Bridging between networks is expensive and risky due to cross-chain vulnerabilities. In December 2023, the Orbit Bridge hack showed just how costly these issues can be, with $82 million stolen due to an unknown vulnerability.

Ethereum co-founder Vitalik Buterin and other prominent figures are also tackling the interoperability problem. It’s a high-stakes game, and solving it could reshape the future of blockchain.

Polygon 2.0 is all about tackling the interoperability mess and uniting the onchain world with AggLayer and the new POL token. If they pull it off, expect a major shift in how blockchains interact. Until then, stay tuned for more updates and see if Polygon can turn their grand vision into reality.

Siemens Drops a €300 Million Digital Bond

Now brands like Siemens and Samsung are showing off. They’ve just launched a €300 million digital bond on a public blockchain. Because who needs paper bonds when you can have a shiny new digital one? They even used real stuff a.k.a SWIAT’s private blockchain and the Bundesbank’s Trigger Solution. Sounds like they’re trying to make bonds as cool as NFTs- if that’s even possible.

Siemens claims it was all done in “minutes” and with central bank money. I guess when you’re Siemens, you can make finance look like magic. Next up: a bond that comes with its own virtual reality experience?

Meanwhile, Samsung is making waves by investing in Startale Labs. This Singapore startup promises to make onchain less of a headache with its tools and infrastructure. Because, you know, onchain is so complex it might as well come with a manual and a PhD requirement.

Startale Labs says it’s all about solving real-world problems, not just playing with flashy tech. Samsung’s investment shows they’re serious about getting their hands dirty in the onchain space. Maybe next they’ll figure out how to make onchain as easy as turning on a Samsung TV.

So, Siemens is jazzing up bonds, and Samsung is trying to simplify onchain. Looks like the tech giants are all in on the crypto craze. Who knew finance and tech could be this entertaining?

Match: The Game-Changer for NFTs and SocialFi

Many think of NFTs as the latest bubble fueled by hype and speculation. The NFT market has seen some drastic ups and downs, with once-popular projects like Bored Ape Yacht Club and Pudgy Penguins experiencing crazy drops in floor prices. The market’s trading volume has plummeted from a peak of $2.2 billion to under $600 million. Ouch.

The big problem? Many NFT projects lack practical use cases, leading to their swift decline. Even attempts to add utility, like Yuga Labs’ yacht game for BAYC, haven’t really saved the day.

Match is apparently here to shake things up. Instead of relying on market volatility and hype, Match is building a more sustainable model for NFTs. They’re not just about static digital assets; they’re integrating NFTs into a broader ecosystem focused on utility, social interaction, and long-term growth.

Match’s auction model proclaims itself a game-changer. Instead of the usual static sales, they’re using a decentralized English auction model. This means open-cry ascending bids with a random twist to ensure fairness. Each auction starts with a price set by the last bid, adjusting based on market demand.

Here’s the kicker: Match is introducing an NFT-type blind boxing algorithm. After the auction, you’ll know you won an NFT, but not which type (α, β, or γ) until you “open” it. The chances of getting a rare NFT are baked into the randomness, with 50% for type α, 30% for type β, and 20% for type γ. This keeps things exciting and fair.

Match is trying to redefine the NFT landscape with a focus on utility and sustainability. By integrating advanced auction models and fair distribution methods, they’re moving away from the speculative hype that has plagued the industry. What’s your thoughts?

Cool Stuff Seen on CharmVerse 👀

Something special is brewing.

We’ll just say one thing: be ready… and on Farcaster early next week.

Memes of the week🔥

We didn’t forget the section that makes you thrill every time you open The Geral.

The vibe is a little down onchain… But think about what 58k would have meant 6 months ago.

This is scary:

Had to make Elon’s meme feature. Is he just one of us trolling on X?

That’s a wrap for The Geral #30! See you in two weeks for another deep dive into the world of onchain communities.