
<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Сompetition for supremacy is fierce. The world of non-fungible tokens (NFTs) within the Web3 space has been particularly dynamic, with different blockchains vying for dominance. One noteworthy development in this ongoing saga is <a href="https://solana.com/">Solana&#8217;s</a> recent ascent, surpassing <a href="https://polygon.technology/">Polygon</a> to become the second-largest network for NFTs. In this article, we&#8217;ll delve into the factors behind Solana&#8217;s rise and what this means for the NFT market.</p>



<p>Read more: <a href="https://hodl.fm/polygon-second-largest-blockchain-gaming-network/">Polygon Emerges as Second-Largest Blockchain Gaming Network</a></p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media1.giphy.com/media/3oz8xS6NHhQwZqzeZq/giphy.gif?cid=6c09b952gzeuinhp1zjepnvys11qbyct4r2dlgqa7oalq38a&amp;ep=v1_internal_gif_by_id&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>Solana&#8217;s Soaring NFT Sales</strong></h2>



<p>Solana has been making waves in the NFT world, recording sales volumes exceeding $1.5 million in just 24 hours. This impressive performance places Solana right below the behemoth of the blockchain space, Ethereum. The remarkable sales figures showcase Solana&#8217;s growing popularity among NFT enthusiasts and investors alike.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media1.giphy.com/media/v1.Y2lkPTc5MGI3NjExaHJudHBoa3ZkNjE3MWpqdW9wdmU1MWwxdmQ5ejRya2dwd2l5OG9kNyZlcD12MV9naWZzX3NlYXJjaCZjdD1n/3orifcbBRA3UjmxdCw/giphy.gif" alt=""/></figure></div>


<p>Thursday&#8217;s cryptocurrency market saw significant upheaval, with Solana weathering the storm and emerging stronger. Despite a 9.89% drop in value due to Bitcoin&#8217;s plummet, Solana managed to overtake popular memecoin Dogecoin, securing its position as the eighth-largest cryptocurrency by market capitalization. This resilience is a testament to Solana&#8217;s strength and potential.</p>



<h2 class="wp-block-heading"><strong>The NFT Slump in 2023</strong></h2>



<p>It&#8217;s worth noting that the NFT vertical of Web3 faced challenges in 2023, in stark contrast to its fungible counterparts. Sales volumes hit historic lows, and notable setbacks, such as the Azuki fiasco, hindered growth. Despite these challenges, Solana continued its upward trajectory, showcasing its ability to thrive even in adverse conditions.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading"><strong>Solana&#8217;s Rise: A Game-Changing NFT Collection</strong></h2>



<p>One key factor contributing to Solana&#8217;s NFT success is the popularity of the gaming-based NFT collection, &#8220;The Heist: Orangutans.&#8221; This collection recently renewed for a second season, garnering significant attention and sales volume. It briefly outperformed Polygon-based DraftKings and even top-tier NFT collections. This success underscores Solana&#8217;s growing prominence in the NFT market.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Here come the Orangutans&#8230; 🥥<br><br>After an overwhelmingly positive feedback on the Season 1 art of <a href="https://twitter.com/playtheheist?ref_src=twsrc%5Etfw">@playtheheist</a>, we were even more motivated it to take it to the next level in Season 2. <br><br>We are thankful to The Heist team for the opportunity to keep being the art team for such a… <a href="https://t.co/56xNME504s">pic.twitter.com/56xNME504s</a></p>&mdash; Allegro.art (@Allegroart) <a href="https://twitter.com/Allegroart/status/1691897033391562972?ref_src=twsrc%5Etfw">August 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading"><strong>The Battle for Second Place</strong></h2>



<p>Solana&#8217;s surge to become the second-largest blockchain for NFTs intensifies the competition among blockchain networks. It logged transactions worth $9.8 million in the past week, surpassing Polygon, which had dominated the charts. <a href="https://ambcrypto.com/polygon-loses-y00ts-but-this-nft-collection-comes-to-its-rescue/">While Polygon</a> is preparing for the departure of the DeLabs-owned profile picture (PFP) collection y00ts, Solana appears poised to benefit the most from this migration.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://statics.ambcrypto.com/wp-content/uploads/2023/08/Solana-NFT.jpg" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://www.cryptoslam.io/blockchains/solana">Cryptoslam</a></figcaption></figure></div>


<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/solana-dex-exploit-nft-hacker/">Solana’s DEX Faces Million-Dollar Exploit</a></li>



<li><a href="https://hodl.fm/solana-playgg-event-changing-crypto-gaming/">Solana’s PlayGG Event: Flipping the Crypto Gaming Narrative</a></li>



<li><a href="https://hodl.fm/sec-lawsuits-shake-solana-polygon-and-cardano/">SEC Lawsuits Shake Solana, Polygon, and Cardano</a></li>
</ul>



<p>Solana&#8217;s recent ascent to become the second-largest network for NFTs is a testament to its resilience and appeal in the competitive world of blockchain technology. Despite the challenges facing the NFT market in 2023, Solana&#8217;s impressive sales volumes and ability to outperform expectations have propelled it to new heights. As blockchain networks continue to vie for dominance, Solana&#8217;s rise is a clear indication that it&#8217;s a force to be reckoned with in the world of NFTs.</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


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Solana Surges Past Polygon: The Rise of NFTs on Solana


<h2 class="wp-block-heading">Exploring Polygon&#8217;s Trailblazing Loyalty Transformation</h2>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p><a href="https://polygon.technology">Polygon</a>, the pioneer of blockchain technology, is steering the evolution of brand loyalty programs into an exciting new era. With its introduction of tokenized memberships, interoperability, and dynamic rewards, Polygon is rewriting the script for how brands and customers engage.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The next generation of loyalty programs must unlock different relationships between brands and customers through dynamic rewards, interoperability, gamification, community building, and ownership.<br><br>Tokenized memberships and tokenized rewards represent two major opportunities to… <a href="https://t.co/uOyMl3RTML">pic.twitter.com/uOyMl3RTML</a></p>&mdash; Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1688591434444615680?ref_src=twsrc%5Etfw">August 7, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Tokenized Loyalty: A Shift in Perspective</h2>



<p>Bid farewell to the days of collecting paper coupons or stamping loyalty cards. In a world where technology&#8217;s touch is everywhere, Polygon breathes life into loyalty programs with its web3-powered tokenized memberships. This innovative approach elevates the customer&#8217;s role from a mere participant to a proud owner.</p>



<p>Read more: <a href="https://hodl.fm/google-cloud-support-web3-creators/">Google Cloud Expands Support Program for Web3 Creators</a> </p>



<h2 class="wp-block-heading">Unlocking the Power of Interoperability</h2>



<p>Imagine seamlessly navigating through various brands&#8217; loyalty programs using a single membership. Thanks to Polygon&#8217;s groundbreaking approach, this is now a reality. The horizontal interoperability concept they&#8217;ve embraced allows customers to venture across different brand territories without losing their precious rewards. Moreover, vertical interoperability infuses both digital and physical interactions into the loyalty journey, enriching customer engagement.</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media0.giphy.com/media/v1.Y2lkPTc5MGI3NjExdzJ2dG5sOWt2cXlwdHp2bmJnczd0ZWdicWZzMHFrdWMzOXFvN3RiayZlcD12MV9naWZzX3NlYXJjaCZjdD1n/kmm04Fa7jRCYVSpSiR/giphy.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">A Fresh Perspective on Rewards</h2>



<p>Polygon&#8217;s loyalty program innovation goes beyond the conventional &#8216;earn and burn&#8217; approach. Their tokenized rewards system is a masterstroke that adds a new layer of value. </p>



<p>Powered by blockchain, these digital tokens are governed by smart contracts, ensuring transparency and security. Customers are granted the liberty to retain, trade, or sell their rewards, fostering a sense of empowerment. Furthermore, gamification elements like loot boxes and quests add a touch of playfulness to the loyalty experience, cementing a sense of community.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">The Horizon of Loyalty Reimagined</h2>



<p>In a landscape where innovation reigns supreme, Polygon is at the forefront of revolutionizing how brands nurture customer loyalty. Through the prism of web3 technologies, the possibilities seem endless. Tokenized memberships and rewards dismantle the confines of traditional systems, ushering in a new era of personalized, captivating, and invaluable interactions.</p>



<h2 class="wp-block-heading">Embracing the Polygon Wave</h2>



<p>Several industry giants have already hopped aboard Polygon&#8217;s ship of loyalty transformation. Companies such as Hang are carving out novel paths in loyalty program design, crafting experiences that seamlessly blend entertainment with engagement.</p>



<h2 class="wp-block-heading">Read More: </h2>



<ul>
<li><a href="https://hodl.fm/youtube-new-ceo-is-web3-friendly/">YouTube New CEO is Web3-friendly</a></li>



<li><a href="https://hodl.fm/polygon-matic-anarchy-crypto-drama-matic-ana/">Polygon’s (MATIC) Price Slump: A 50% Loss in 2023 Fuels Analysts’ Call to Embrace Anarchy (ANA)</a></li>



<li><a href="https://hodl.fm/code-plagiarism-polygon-matter-labs/">The Copy-Paste Wars: Polygon Zero Accuses Matter Labs</a></li>
</ul>



<h2 class="wp-block-heading">Stepping into the Future</h2>



<p>Polygon invites you to embark on a journey that transcends traditional loyalty. It&#8217;s a world where ownership and rewards converge, where loyalty is no longer a static concept but a dynamic relationship. As the curtains rise on this new loyalty saga, Polygon stands as a beacon, illuminating a path toward more meaningful, more interactive, and more rewarding customer-brand connections.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/Wksi4DvOGJgAAAAC/loyalty-is-everything-tupac.gif" alt=""/></figure></div>


<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


1600х800_Polygon’s Rewardsс_BP-450

Loyalty Gets a Makeover: Polygon’s Tokenized Rewards and Dynamic Connections


<h2 class="wp-block-heading"><strong>Polygon: From Sidekick to Challenger</strong></h2>



<p>Remember the days when <a href="https://polygon.technology">Polygon</a> (MATIC) was Ethereum&#8217;s trusty sidekick? Launched in 2018 to alleviate Ethereum&#8217;s growing pains, MATIC swooped in with its proof of stake protocol, rescuing the network from transaction nightmares and gas fee hysteria. The bridges connecting the two blockchains allowed assets to moonwalk seamlessly, and for a while, MATIC played Robin to Ethereum&#8217;s Batman.</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>But like a hero turned rogue, MATIC found its footing as users began flocking full-time to its snappy transaction speeds and cost-effective operations. Ethereum 2.0 tried to steal Polygon&#8217;s limelight, but the stage had already been claimed. Polygon&#8217;s co-founder, Sandeep Nailwal, even dropped the bomb that Polygon 2.0 might just be Ethereum&#8217;s swan song, leaving DApps to dance freely in the ever-gleaming Web3 sphere.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media3.giphy.com/media/FnajwlnCf9Ysw/giphy.gif?cid=ecf05e478qg0rahdpjrnwl9wmxdsj5buiwgbctgeo5tlrygp&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>MATIC&#8217;s Melancholy 2023 vs. ANA&#8217;s Thunderstorm</strong></h2>



<p>Fast forward to 2023, and MATIC’s once-shiny armor is a bit tarnished.  MATIC’s value melting over 50%, now lounging at $0.7152. Enter <a href="https://anarchycoin.io">Anarchy</a> (ANA), a meme coin on a rampage, climbing meme mountain ranges, luring adventurers with tales of massive profits. Brace yourself for the twist! </p>



<p>Read more: <a href="https://hodl.fm/code-plagiarism-polygon-matter-labs/">The Copy-Paste Wars: Polygon Zero Accuses Matter Labs</a> </p>



<h2 class="wp-block-heading"><strong>ANA: Meme Majesty with a Mission</strong></h2>



<p>Hold onto your meme-worthy hats because Anarchy (ANA) is not just flipping coins; it&#8217;s flipping systems. Conventional setups have been peddling corruption, favoring the high and mighty while leaving the commoners in the dust. ANA&#8217;s got your back, downtrodden Joe!</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cimg.co/news/117950/314713/responsive-images/anarchy-2806cn1___media_library_original_682_667.jpg" alt="" style="width:372px;height:364px" width="372" height="364"/></figure></div>


<h2 class="wp-block-heading"><strong>Democracy, Your Way</strong></h2>



<p>Tired of watching democracy&#8217;s &#8220;magic&#8221;? ANA has a plan. You, yes you, become a real stakeholder. With ANA tokens as your tickets to the VIP lounge, you cast votes in the Anarchy DAO. Developers and DAO people submit projects, and it&#8217;s the community&#8217;s thumbs up or down that sets the course. Hodl your ANA tokens, and when the DAO hits the jackpot, so do you. Democracy where you&#8217;re not just a voter, but a profiteer.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media4.giphy.com/media/8uPZL7aVSIiJivt42w/giphy.gif?cid=ecf05e473ay961ik53fp9vgdlig3l20guzfoq5bbkd0ief9n&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>Memes to the Rescue</strong></h2>



<p>ANA rides the meme wave. Memes, the universal language of the digital age, become the antidote to political drama. Corrupt leaders? Greedy institutions? ANA&#8217;s got the roast, and you&#8217;ve got the laughs. Meme-powered resistance, anyone?</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p></p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cimg.co/news/117950/314711/responsive-images/anarchy-2806cn2___media_library_original_1408_883.jpg" alt="" style="width:482px;height:302px" width="482" height="302"/><figcaption class="wp-element-caption">Source: <a href="https://anarchycoin.io">Anarchy (ANA) Official Site</a></figcaption></figure></div>


<h2 class="wp-block-heading"><strong>ANA’s Presale Ruckus: Seize the Meme-tastic Moment</strong></h2>



<p>Dreams of a new gig, a vintage Ford, or a tropical escapade? ANA&#8217;s got the gateway drug to those dreams: the ANA token. Brace for impact, as the presale mania is at Stage Two, and the clock&#8217;s ticking. Unleash those ambitions – snag your ANA tokens now, before the digital shelves echo &#8220;sold out.&#8221;</p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/amazon-prime-free-nfts-polygon-game/">Level Up with Amazon Prime: Grab Your Free NFTs for this Polygon Game</a></li>



<li><a href="https://hodl.fm/sec-lawsuits-shake-solana-polygon-and-cardano/">SEC Lawsuits Shake Solana, Polygon, and Cardano</a></li>
</ul>



<p>So, as the Polygon takes its wild turns and ANA storms the meme castle, are you strapping in or running to the ticket booth? The crypto curtain&#8217;s risen, and the drama&#8217;s just beginning, hodlers!</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


Polygon’s (MATIC) Price Slump

Polygon’s (MATIC) Price Slump: A 50% Loss in 2023 Fuels Analysts’ Call to Embrace Anarchy (ANA)


<h2 class="wp-block-heading"><strong>Amazon Prime and Mojo Melee: A Legendary Combo</strong></h2>



<p>In a surprising turn of events, the tech giant Amazon has joined forces with the NFT sensation Mojo Melee. Prepare for a rollercoaster ride through the exciting world of blockchain gaming, where freebies and loot await Amazon Prime subscribers like hidden gems in a digital treasure trove.</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://pbs.twimg.com/media/F2mLE6LXoAA1Xrw?format=jpg&amp;name=large" alt="" style="width:484px;height:400px" width="484" height="400"/><figcaption class="wp-element-caption">Source: <a href="https://twitter.com/WeArePlanetMojo"><strong>Planet Mojo | Mojo Melee SEASON TWO is LIVE!</strong></a></figcaption></figure></div>


<h2 class="wp-block-heading"><strong>Level Up with Free Polygon NFTs</strong></h2>



<p>The coveted package up for grabs is nothing short of legendary! Embrace the power of NFTs and seize your chance to acquire the awe-inspiring champion character, Gwyn Rockhopper. This stunning NFT, usually attainable only after grinding through Mojo Melee&#8217;s in-game progressions, is now readily available through this special Amazon Prime offer. But that&#8217;s not all—prepare to be showered with 885 units of the non-crypto, in-game currency, Ore.</p>



<p>Read more: <a href="https://hodl.fm/code-plagiarism-polygon-matter-labs/">The Copy-Paste Wars: Polygon Zero Accuses Matter Labs </a></p>



<h2 class="wp-block-heading"><strong>Mojo Melee&#8217;s Casual Twist on Auto Battlers</strong></h2>



<p>In the realms of auto battlers, where chess meets real-time strategy games, a new contender rises to challenge the status quo. Say hello to Mojo Melee, the NFT-powered game that has taken the genre by storm. A delightful fusion of strategy and simplicity, Mojo Melee ensures a smooth and enthralling experience for both seasoned players and newcomers alike.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="MOJO MELEE Autobattler Game From Planet Mojo: Honest Preview!!" width="750" height="422" src="https://www.youtube.com/embed/bNQkKbRiRkI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div><figcaption class="wp-element-caption">Source: <a href="https://www.youtube.com/watch?v=bNQkKbRiRkI">GG</a> </figcaption></figure>



<h2 class="wp-block-heading">Game On: A Prime Advantage</h2>



<p>The gaming arena has never witnessed such partnership before! Amazon Prime&#8217;s alliance with Mojo Melee is slated to last for six thrilling months. During this period, loyal Prime subscribers are in for a treat with monthly drops of exclusive in-game NFTs and other remarkable content. You heard that right—more chances to level up your Mojo Melee game and outshine your fellow players.</p>



<h2 class="wp-block-heading"><strong>GG&#8217;s Verdict: The Mojo Melee Experience</strong></h2>



<p>GG, the authoritative voice of Web3 gaming, got a taste of Mojo Melee&#8217;s open beta back in May and couldn&#8217;t be more exhilarated. A streamlined and user-friendly introduction to the auto battler genre has left a lasting impression on GG, who eagerly awaited the official launch of Mojo Melee&#8217;s &#8220;Season One&#8221; content package.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p></p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.financebrokerage.com/wp-content/uploads/2022/08/6.-NFT-meme.png" alt="" style="width:444px;height:422px" width="444" height="422"/></figure></div>


<h2 class="wp-block-heading"><strong>Prime Gaming&#8217;s NFT Trailblazing</strong></h2>



<p>Amazon Prime Gaming isn&#8217;t new to the NFT party. With its previous collaboration with Mythical Games, offering free NFTs for Blankos Block Party, the platform set the stage for an unforgettable gaming revolution. But Amazon doesn&#8217;t intend to stop there. Rumors are buzzing that Amazon might venture into launching its very own all-encompassing NFT marketplace. Time will tell if this will be yet another groundbreaking move from the tech behemoth.</p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/polygon-second-largest-blockchain-gaming-network/">Polygon Emerges as Second-Largest Blockchain Gaming Network</a></li>



<li><a href="https://hodl.fm/dragons-west-nft-play-to-earn-game/">NFTs that Breathe Fire: Dragons of the West</a></li>



<li><a href="https://hodl.fm/nft-a-journey-into-digital-ownership/">Embracing the NFTs: A Journey into Digital Ownership</a></li>
</ul>



<h2 class="wp-block-heading">Join the NFT Craze!</h2>



<p>So, dear hodlers, are you ready to embark on this exhilarating journey into the mesmerizing realm of Mojo Melee? Unlock the power of NFTs, claim your champion, and immerse yourself in the captivating world of auto battlers. Let the NFT frenzy commence!</p>



<p></p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


Level Up with Amazon Prime

Level Up with Amazon Prime: Grab Your Free NFTs for this Polygon Game


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">The Accusation</h2>



<p>In a surprising twist of events, <a href="https://polygon.technology">Polygon Zero</a> has thrown serious accusations at <a href="https://matter-labs.io">Matter Labs</a>, pointing fingers at plagiarism of &#8220;a substantial amount of source code.&#8221; This code, they claim, was brazenly copied from their Plonky2 library, and the alleged perpetrator is zkSync, Matter Labs&#8217; rival Ethereum layer-2 scaling solution. As the drama unfolds, the crypto world braces for a code war like no other.</p>



<p></p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media4.giphy.com/media/SbN0WomN4S7Z7tpKOC/giphy.gif?cid=ecf05e470pfpk5zc6j3gcvidnoi9yp5sexo964wglu5vjxb4&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading">The Dance of Denial and Accusation</h2>



<p>Matter Labs has not taken these claims lying down. They vehemently deny Polygon Zero&#8217;s allegations, arguing that only 5% of the code was borrowed, and proper attribution was given. But Polygon Zero remains unyielding, stating that the <a href="https://zksync.mirror.xyz/HJ2Pj45EJkRdt5Pau-ZXwkV2ctPx8qFL19STM5jdYhc">Boojum proving system</a> eerily resembles their Plonky2 library, leaving no room for doubt.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Crypto runs on the open source ethos. When projects don’t follow it, the ecosystem suffers.<br><br>We were disappointed to see that <a href="https://twitter.com/zksync?ref_src=twsrc%5Etfw">@zksync</a> copied our code without attribution and made misleading claims about the original work, so we wrote this post.<br> <a href="https://t.co/8VnoYVWgI8">https://t.co/8VnoYVWgI8</a></p>&mdash; Polygon Zero 💜 (@0xPolygonZero) <a href="https://twitter.com/0xPolygonZero/status/1687153310699057152?ref_src=twsrc%5Etfw">August 3, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">The Plot Thickens: &#8220;How Is It 10x Faster?&#8221;</h2>



<p>Polygon Zero raises another  question: How can Matter Labs claim that Boojum is 10 times faster than Plonky2, given that the performance-critical field arithmetic code is practically identical? The crypto community holds its breath, waiting for answers.</p>



<p>Read more: <a href="https://hodl.fm/binance-us-wash-trading-crypto-capers/">Unveiling the Allegations: The SEC’s Case Against Binance.US and Wash Trading Explained</a></p>



<p>Sadly, this is not the first time the crypto community has witnessed such drama. Plagiarism accusations surfaced earlier when the Shibarium layer-2 beta testnet and Rinia testnet were discovered to have identical chain IDs, raising suspicions of copied code.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Matter Labs CEO: &#8220;Attribution? Could&#8217;ve Done Better&#8221;</h2>



<p>In the heat of the battle, Alex Gluchowski, CEO of Matter Labs, defends his firm&#8217;s work, conceding that they could have handled attribution better. But he points out that Plonky2 and Boojum are both implementations of Matter Labs&#8217; RedShift construction, implying that Polygon Zero might not be the true originators either. The crypto world buzzes with discussions on open-source principles and attribution etiquette.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Every decision we make as a team towards building <a href="https://twitter.com/zksync?ref_src=twsrc%5Etfw">@zksync</a> is driven by our ethos, which is based on integrity and transparency. We have made honest mistakes in the past, but we always did our best to openly acknowledge them and take responsibility. And will always do so in the… <a href="https://t.co/4yjpSCHC2d">https://t.co/4yjpSCHC2d</a></p>&mdash; Alex G. ∎ (@gluk64) <a href="https://twitter.com/gluk64/status/1687263207860166656?ref_src=twsrc%5Etfw">August 4, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Code, Claims, and Chaos</h2>



<p>As the accusations fly and defenses are mounted, the crypto community finds itself entangled in a web of irony. In a realm built on transparency and decentralization, the quest for ownership of code takes center stage, and the very essence of open-source ethics is questioned.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://media1.giphy.com/media/scZPhLqaVOM1qG4lT9/giphy.gif?cid=ecf05e47usu8r4ihdl0cimp57479zzs0hysryvko1jidciyk&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt="" style="width:346px;height:346px" width="346" height="346"/></figure></div>


<p>Amidst the chaos, one thing becomes clear: attributing code is crucial in the crypto ecosystem. Open-source collaboration can thrive when credit is given where due. The plagiarism saga serves as a reminder that transparency and ethical practices are the foundation of a strong and united crypto community.</p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/kraken-irs-tax-purposes/">Court Ordains Kraken to Give User Information to IRS for Tax Purposes </a></li>



<li><a href="https://hodl.fm/digest-7/">Riding the Crypto Frontier: Billion Dollar Bounty, Uniswap Expands to Polkadot Ecosystem, OpenAI vs the U.S. Senate Battle and a bit about FTX</a></li>
</ul>



<h2 class="wp-block-heading">When Code Becomes a Battleground</h2>



<p>As the plagiarism allegations continue to ripple through the crypto world, the battle of code ownership intensifies. The crypto community eagerly awaits the resolution, hoping that this drama will ultimately lead to a more respectful and collaborative crypto coding culture.</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


The Copy-Paste Wars

The Copy-Paste Wars: Polygon Zero Accuses Matter Labs


<h2 class="wp-block-heading"><strong>Shaking Things Up: MATIC&#8217;s Charming Transformation into POL</strong></h2>



<p>Ethereum layer-2 masterminds Polygon are boldly stepping up their game. They have recently proposed a dazzling upgrade for their beloved token, MATIC, that would turn it into a versatile token capable of validating multiple chains. But don&#8217;t get too attached to MATIC&#8217;s name, as it will soon be shedding its old identity and reemerging as the sassy and vibrant POL.</p>



<p>Read more: <a href="https://hodl.fm/sec-lawsuits-shake-solana-polygon-and-cardano/">SEC Lawsuits Shake Solana, Polygon, and Cardano</a> </p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media2.giphy.com/media/YqR8igkpXdtJKobl6f/giphy.gif?cid=ecf05e47itwz4ly8bby4qje61fv9faik2t9g47ksiqi525qw&amp;ep=v1_gifs_related&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>Community Power: The Democratic Approval for POL&#8217;s Grand Entrance</strong></h2>



<p>MATIC&#8217;s metamorphosis into POL hinges on the approval of the Polygon community, so it&#8217;s a democracy of crypto enthusiasts who hold the key to this fabulous transformation. Once the approval is granted, it&#8217;s time for the birth of POL, a multipurpose token ready to conquer all chains in its path.</p>



<p>It turns out POL&#8217;s utility will reach far and wide, encompassing Polygon PoS, zkEVM, and Supernets. The upgrade aims to enable a pool of protocol participants to effortlessly scale and support a plethora of Polygon chains, all without compromising security. Talk about reaching for the stars!</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media0.giphy.com/media/fDC4ZpkHggPyji32m8/giphy.gif?cid=ecf05e47gkguctmcgbbu4f4rqez3degd29mz0jev7fe6dmd2&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>The Magic Within: Features that Make POL a Token Like No Other</strong></h2>



<p>But wait, there&#8217;s more! The enchantment of POL lies in its ability to align and incentivize validators to perform valuable work. If the upgrade proposal succeeds, the revamped protocol architecture will unlock infinite scalability and a frictionless experience between any two protocols. It&#8217;s like witnessing a unicorn dance on a rainbow!</p>



<p>Read more: <a href="https://hodl.fm/coins-and-tokens-whats-the-difference/">Coins and Tokens: What’s the Difference?</a></p>



<h2 class="wp-block-heading"><strong>Rewards Galore: Unveiling the Tempting Incentives for POL Validators</strong></h2>



<p>Now, let&#8217;s dive into the tantalizing incentives awaiting the validators who stake their claim on POL. Prepare for not one, not two, but three streams of rewards: protocol rewards, transaction fees, and additional juicy rewards. These validators will have the power to validate multiple chains and even take on multiple roles within a single chain. Imagine being the Jack or Jill of all trades, participating in zero-knowledge proof generation and rocking data availability committees like a boss!</p>



<h2 class="wp-block-heading"><strong>Gaming Revolution: Nailwal&#8217;s Vision for Web3&#8217;s Crypto Adoption</strong></h2>



<p>Polygon co-founder Sandeep Nailwal, the grand wizard behind this proposal, has long foreseen the rise of Web3 gaming as a driving force for widespread crypto adoption. When quizzed about real-life use cases for blockchain beyond trading and payments, Nailwal enthusiastically championed the gaming ecosystem. With a twinkle in his eye, he shared his anticipation for the arrival of groundbreaking Web3 games in the coming months, fueled by an astonishing $2 billion+ funding spree in the previous year alone. It seems the crypto code might just be cracked by these gaming innovators!</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media4.giphy.com/media/3o6ZtePsqpjpew9Kzm/giphy.gif?cid=ecf05e475ah41s41a31m3beq85w1l9ynu6dh8811kgfbi0mo&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>A Final Word: The Call for Progressive Decentralization</strong></h2>



<p>As we wrap up this tale of Polygon&#8217;s audacious proposal, Nailwal leaves us with a profound thought. He emphasizes the need for &#8220;progressive decentralization of protocols and applications as they achieve larger and larger significance.</p>



<blockquote class="wp-block-quote">
<p>&#8221; So, let&#8217;s raise our virtual glasses to the ever-evolving landscape of crypto, where dreams of scalability, validation, and infinite possibilities are just a few upgrade proposals away. &#8220;</p>
</blockquote>



<p>Cheers to Polygon&#8217;s colorful journey into the future!</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice.Please note that despite the nature of much of the material created and hosted on this website, HODL.FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL.FM strongly recommends contacting a qualified industry professional.</em></p>


hodlfm-template-cover-green

Polygon’s Proposition: MATIC Transforms into POL, the Chameleon Token for All Chains


<p>In a surprising turn of events, the Securities and Exchange Commission (SEC) has dragged Solana, Polygon, Cardano, and other tokens into a wild court battle, resulting in a collective market capitalization loss of a whopping $5 billion. It&#8217;s like a crypto version of a legal tug-of-war, and these tokens are feeling the burn. Ouch!</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media4.giphy.com/media/l4Ki2obCyAQS5WhFe/giphy.gif?cid=ecf05e47pkfocvqbumh941hsuhl7exmn7ba65g10ygdv2kql&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading">SEC Claims Solana, Polygon, Cardano Are Securities in Binance Lawsuit</h2>



<p>The SEC has aimed its mighty regulatory cannon at Binance, one of the biggest crypto exchanges, but that&#8217;s not all. <a href="https://decrypt.co/143454/sec-claims-solana-polygon-cardano-are-securities-in-binance-lawsuit">They&#8217;ve also set their sights on altcoins like Solana and Polygon.</a> In a lawsuit filled with drama, Binance and its CEO Changpeng Zhao were slapped with 13 charges, including allegations of shady conduct and attempts to dodge securities laws. But wait, there&#8217;s more! The SEC also declared that Solana, Polygon, Cardano, and a bunch of other coins fall under the securities category. </p>



<p>Read more: <a href="https://hodl.fm/japan-eases-cryptocurrency-tax/">Japan Lightens the Crypto Tax Load, Proving It’s Cooler Than the US</a></p>



<h2 class="wp-block-heading">SEC Playing Favorites? Former SEC Cyber Chief Calls Foul Play</h2>



<p>The SEC, led by the formidable Gary Gensler, has been throwing punches left and right at the cryptocurrency industry. They took aim at Coinbase and Binance, accusing them of breaking securities laws. However, here&#8217;s the head-scratcher: they conveniently left out a whole bunch of other cryptocurrencies from their hit list. Seriously, out of the gazillion coins out there, only a dozen or so got called out as securities. What&#8217;s up with that, Mr. Gensler? Is this some kind of selective prosecution party?</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">gm Solana<br><br>We are unsecured because we&#39;re fast, according to SEC chair Gary Gensler. <a href="https://t.co/EjELRj87Kd">pic.twitter.com/EjELRj87Kd</a></p>&mdash; Step Data Insights (@StepDataInsight) <a href="https://twitter.com/StepDataInsight/status/1666108624299610112?ref_src=twsrc%5Etfw">June 6, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Tokens Struggle to Recover, While SEC Keeps Them on Their Toes</h2>



<p>Recovering from the SEC&#8217;s punch isn&#8217;t easy. Just ask Polygon—it&#8217;s having a tough time bouncing back from the regulatory smackdown. Its market value has taken a nosedive, going from $8 billion to a mere $6 billion. Filecoin and Algorand managed to stay somewhat afloat, only losing a measly 2% of their market capitalizations. Cosmos ATOM is lagging behind with a 5% gap to fill. As for Binance&#8217;s utility token, BNB, it&#8217;s feeling the heat, with a 21% drop from $47 billion to $37 billion. Someone get BNB an ice pack!</p>



<h2 class="wp-block-heading">Cardano Takes a Hit, Courtesy of the SEC and Charles Hoskinson</h2>



<p><a href="https://twitter.com/IOHK_Charles">Charles Hoskinson</a> must be fuming. His beloved Cardano, the 8th largest asset in the crypto kingdom, suffered a brutal blow to its market capitalization. It&#8217;s down 17% since the SEC lawsuits were unleashed. That&#8217;s gotta hurt, both the ego and the bank account.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media2.giphy.com/media/xT1XGWbE0XiBDX2T8Q/giphy.gif?cid=ecf05e472fulrf6799oar9j0sui2wm0es94d2bibmc0nj1db&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading">Messari&#8217;s Report Unveils the Fallout, but Some Tokens Catch a Break</h2>



<p>Messari Crypto&#8217;s report adds insult to injury. According to their findings, the SEC&#8217;s lawsuits caused a 25% drop in the emerging markets category, home to many of the unfortunate tokens labeled as securities. However, a few lucky ones managed to start clawing their way back up. Keep fighting, little tokens!</p>



<p>Even in the midst of all this chaos, the crypto market manages to find its silver lining. The recent BlackRock Rally, dubbed so because of the finance giant&#8217;s Bitcoin ETF filing, brought some much-needed positive vibes. Bitcoin&#8217;s price soared to over $31,000, creating a rising tide that lifted most tokens. Keep calm and hodl on!</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice.Please note that despite the nature of much of the material created and hosted on this website, HODL.FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL.FM strongly recommends contacting a qualified industry professional.</em></p>


1600х800_SEC Lawsuits_BP-283 (2)

SEC Lawsuits Shake Solana, Polygon, and Cardano

<p><span style="font-weight: 400;">What does hodlers and gamers have in common?</span></p>
<p><span style="font-weight: 400;">They both like to win. </span></p>
<p><span style="font-weight: 400;"><a href="https://hodl.fm/web3-metaverse-for-digital-economy/">Web3 gaming</a> takes the best of both worlds, mixes them, and creates a delicious new recipe. Today, we bring to you exciting news from the web3 gaming as one of the players- Polygon, the layer-2 scaling solution for Ethereum, climbs the leaderboards to become the second-largest gaming network in the space.</span></p>
<p><span style="font-weight: 400;">The fact that Polygon slaying it in the web3 gaming industry and becoming the second largest blockchain gaming network out there is big news for hodlers and gamers alike. For one thing, it shows the potential of web3 gaming, and on top of that, it does it in a (kinda) bear market. Imagine how the next bull run will draw  more game developers to the blockchain gaming. Just imagine the thrill of witnessing AAA games built on blockchains pouring onto us!</span></p>
<p><span style="font-weight: 400;">As web3 gaming allows players to earn crypto rewards and use them across multiple games and platforms, even chains- thanks to increasing cross-chain activity within the cryptosphere, it looks like it is about time to forget about those old-school games where you only get sore fingers, with web3 gaming, you can earn some serious crypto bling, and Polygon is making its presence known in this realm.</span></p>
<p><span style="font-weight: 400;">According to DappRadar&#8217;s </span><a href="https://dappradar.com/blog/web3-gaming-report-march"><span style="font-weight: 400;">Blockchain Games Report,</span></a><span style="font-weight: 400;"> Polygon has had 138,081 unique active wallets (UAWs) engaged in games in March alone, with a growth rate of 53% from the previous month. This number places Polygon ahead of Hive (84,000 UAWs) and BNB Chain (80,000 UAWs) in  the leaderboard. The current leader, Wax, remains on top with 314,000 UAWs. Some context: the number of unique active wallets is the perfect indicator of a lively gaming ecosystem. While Wax remains the leader in terms of UAW count, Polygon&#8217;s significant surge in user activity and gaming partnerships make it a force to be reckoned with in the blockchain gaming space. </span></p>
<p><span style="font-weight: 400;">What makes this even more interesting is the fact that despite a 3.33% decrease in on-chain gaming activity to 741,567 daily Unique Active Wallets (dUAW) in March, Polygon managed to show an immense growth.</span></p>
<h2><img decoding="async" loading="lazy" class="aligncenter wp-image-1265 size-full" src="/wp-files/2023/04/Снимок-экрана-2023-04-14-в-14.03.19-min.png" alt="" width="1538" height="1072" srcset="https://hodl.fm/wp-files/2023/04/Снимок-экрана-2023-04-14-в-14.03.19-min.png 1538w, https://hodl.fm/wp-files/2023/04/Снимок-экрана-2023-04-14-в-14.03.19-min-300x209.png 300w, https://hodl.fm/wp-files/2023/04/Снимок-экрана-2023-04-14-в-14.03.19-min-1024x714.png 1024w, https://hodl.fm/wp-files/2023/04/Снимок-экрана-2023-04-14-в-14.03.19-min-768x535.png 768w, https://hodl.fm/wp-files/2023/04/Снимок-экрана-2023-04-14-в-14.03.19-min-1536x1071.png 1536w" sizes="(max-width: 1538px) 100vw, 1538px" /></h2>
<h2>The Game That Fuels Polygon’s Rise: Hunters On-Chain</h2>
<p><span style="font-weight: 400;">The reason behind this surge of Polygon is as easy to spot as a noob in a lobby full of pros. Polygon&#8217;s success is mostly thanks to Hunters On-Chain, a game by BoomLand that has seen a UAW increase of over 17,000% in the past 30 days alone, as reported by DappRadar. Launched in January, Hunters On-Chain is a Web3 adaptation of BoomLand&#8217;s popular mobile game, Hunt Royale. It&#8217;s a free-to-play role-playing game that integrates non-fungible tokens (NFTs) and takes advantage of Minecraft&#8217;s immensely popular art style. On March 9, the game saw an all-time high UAW count of around 55,300. Although it&#8217;s unclear what specifically drove the surge in interest for the game last month, anticipation for an in-game NFT sale on March 31 may have been a contributing factor. Nonetheless, the platinum trophy goes to Hunters On-Chain!</span></p>
<p><span style="font-weight: 400;">With Hunters On-Chain leading the way, Polygon has emerged as the second-largest blockchain gaming network, leaving competitors in the dust and putting pressure on Wax.</span></p>
<p><span style="font-weight: 400;">It&#8217;s worth noting that the rise of Polygon is not only due to Hunters On-Chain&#8217;s success. The platform has also seen a surge in activity from other popular blockchain games such as Aavegotchi, Neon District, and My DeFi Pet, all of which have leveraged Polygon&#8217;s scaling solution to provide a more seamless gaming experience. </span></p>
<h2>Other Trends on Polygon</h2>
<p><span style="font-weight: 400;">Polygon&#8217;s rise in the gaming industry has been remarkable. But the layer 2 network is seeing exciting developments in other web3 areas too. Polygon Labs, the team behind the network, has partnered with big names such as Warner Music, Starbucks, Adidas, Reddit, and Adobe to develop and host NFT projects. The team successfully launched Polygon&#8217;s open-source Ethereum Virtual Machine equivalent zero-knowledge rollup on March 27. It is said to allow DApps to scale through transaction batching, unlocking higher performance while reducing gas fees to conduct transactions on the network.</span></p>
<p><span style="font-weight: 400;">In conclusion, Polygon has been making great strides in the blockchain gaming space, attracting a significant user base and partnering with big names in the industry. With the launch of its zero-knowledge rollup and the continued development of its ecosystem, Polygon is poised for continued growth and adoption in the NFT, gaming, and metaverse spaces. Since these three can be considered interconnected, the future looks bright for Polygon in terms of web3 gaming. </span></p>
<p><span style="font-weight: 400;">Polygon is slowly but surely making its mark in the blockchain gaming industry. Who knows, maybe it&#8217;ll give Wax a run for its money in the near future? Stay tuned for more updates, keep your crypto wallets, gamepads and mice ready for action!</span></p>


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